16th May 2022 14:32
Pires Investments PLC - London-based technology-focused investor - Says its investee VividQ Ltd has launched its Alpha Optical Engine Demonstrator, which is aimed at manufacturers of high-end augmented reality headsets. The Alpha Optical Engine Demonstrator displays high-resolution 3D visuals with contrast and focal depth by direct engineering of light in software, a process known as computer-generated holography.
Pires director Nicholas Lee says: "We are thrilled to note VividQ's unveiling of its proprietary Alpha Optical Engine Demonstrator at the SID Display Week Conference in California. Following its GBP11 million funding round last year, it is pleasing to see VividQ continue to make major advances to high-end AR headsets with real-time CHG.
"We look forward to updating the market on VividQ's progress in due course."
VividQ is a leading developer of software and hardware IP for 3D holographic display, an investment within the Sure Valley Ventures portfolio. Pires has a circa 20% interest in the Sure Valley Ventures portfolio.
Current stock price: 4.71 pence, down 1.9% on Monday.
12-month change: down 56%
By Xindi Wei; [email protected]
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