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Spectra7 Microsystems Inc
Symbol SEV
Shares Issued 147,440,171
Close 2017-03-10 C$ 0.415
Market Cap C$ 61,187,671
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Spectra7 customer eSight uses AR, VR tech for eyewear

2017-03-13 11:01 ET - News Release

Mr. Raouf Halim reports

SPECTRA7 ANNOUNCES PRODUCTION SHIPMENTS FOR MEDICAL AUGMENTED REALITY PIONEER ESIGHT

Spectra7 Microsystems Inc. has entered a collaboration with eSight Corp. eSight produces electronic glasses that enable the legally blind to actually see, and also boasts the largest, most knowledgeable and well-financed research and development lab in the world dedicated to wearable, sight-restoring technologies. Spectra7 has been working with the revolutionary eyewear company for over a year to develop two different solutions using Spectra7's patented active cable technology, which were officially launched by eSight earlier this month.

"As a company, we are proud to support eSight and their mission that everyone deserves to see. The technology is life changing, and we are thrilled to be a part of it," said Spectra7 chief executive officer Raouf Halim.

eSight's breakthrough device combines the strengths of AR (augmented reality) and VR (virtual reality) technology to help individuals living with legal blindness and low vision to see, and its patented Bioptic Tilt feature allows users to be completely mobile. eSight's eyewear provides real-time, low-latency, high-definition video and image processing that goes beyond the video quality found in typical AR and VR devices. The viewer sees an amplified and focused view of the world around them, sometimes for the first time in years, or ever, allowing for an active, independent and productive lifestyle.

According to the World Health Organization, 285 million people are estimated to be visually impaired worldwide. Eighty per cent of all visual impairment can be improved, using devices like the eSight 3, in addition to traditional sight improvement methods.

"Spectra7's unique cable technology allows an eSight user to view what is in front of them in high definition, while providing a thin, flexible interconnect cable to the eSight controller," said Dr. Brian Mech, president and CEO of eSight. "More importantly, their advanced cable technology is a key part of eSight that allows us to achieve enhanced vision with virtually no latency in our displays, avoiding issues of imbalance or nausea common with other immersive options."

eSight just recently released eSight 3, its lightest, most affordable glasses to date. eSight 3 has been featured in stories by USA Today, Fox News, CNBC, and other major United States and international news outlets.

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