Intel and Luxottica Group S.p.A are in for a multiyear R&D collaboration in developing advanced smart eyewear technology.
Together they going to partner on developing what is called as meaningful and desirable smart eyewear to consumers. The first product from Intel and Luxottica is expected to launch in 2015.
"The growth of wearable technology is creating a new playing field for innovation," said Intel CEO Brian Krzanich. "Through our collaboration with Luxottica Group, we will unite our respective ecosystems and bring together Intel's leading-edge silicon and software technology with Luxottica's design innovation and consumer expertise. We expect the combination of our expertise to help drive a much faster pace of innovation and push the envelope of what's possible."
Intel also announced acquisition of PasswordBox, a provider of a cross-platform identity management service that gives users a convenient way to log into all of their websites and applications from any device without having to type or remember passwords.
"PasswordBox has spent the last two years building a product that people love, trust and use around the world every day," said Daniel Robichaud, CEO and co-founder of PasswordBox. "We share Intel Security's vision of simple, secure access and identity protection across all platforms and devices. Together, we believe we can offer our customers world-class technology, expertise and support to bring such access anywhere – all backed by Intel."
PasswordBox was a privately held company founded in 2012, with 48 employees and headquartered in Montreal, Quebec.