Meta is increasing its investment in the metaverse by acquiring Luxexcel which is a Dutch firm that focuses on 3D-printing corrective lenses for smart glasses. The information was first confirmed by the Dutch newspaper De Tijd via TechCrunch, and Meta has now clarified the acquisition to The Verge.
“We’re excited that the Luxexcel team has joined Meta, deepening the existing partnership between the two companies,” Meta says in a statement provided by Ryan Moore, the company’s head of financial communications.
Source: theverge.com
Whilst details of the deal are uncertain, Meta CTO and Head of Reality Labs, Andrew Bosworth disclosed in a blog article previously this month that the firm is spending “about half” of the metaverse-focused team’s operational costs in augmented reality (AR) with the additional half going toward constructing virtual reality products (VR) since it continues to lose billions.
Luxexcel which was established in 2009, claims to be able to incorporate holographic film and projectors into prescription lenses to develop an augmented reality environment.
In 2021, it collaborated with WaveOptics, the firm that supplies the displays for Snap’s Spectacles, to develop a lens equipped with waveguides, or perhaps the transparent display technology required to overlay virtual objects on a real-world environment of the user.
Just as Meta works on its very first set of AR glasses, it is possible that we will not receive a final piece for some time. According to Bosworth, Meta’s AR glasses will necessitate years of upgrades as the company strives to make the device “slimmer, lightweight, efficient, and more effective.”
As per The Verge’s Alex Heath, the first edition of Meta’s AR glasses would be accessible only to developers, similar to Snapchat‘s Spectacles, with two subsequent pairs potentially becoming accessible to customers over several years.
However, Meta is getting closer to its target, as it has added color video passthrough to its expensive latest Quest Pro headset. It also collaborated with Ray-Ban to roll out the Ray-Ban Stories which is a pair of smart glasses that include cameras, speakers, and also microphones, in 2021. The lenses do not include built-in displays, however, this recent venture may be able to help Meta achieve that in the future.
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