Osterhout Design Group patent sale within the works for January

Osterhout Design Group patent sale in the works for January

Osterhout Design Group (ODG) could also be lifeless earlier than mass delivery its R-9 augmented actuality glasses, with an asset sale deliberate for January targeted on the AR firm’s patent portfolio.

I left a voicemail on ODG’s listed telephone line, despatched an e mail, and spoke briefly on the telephone with a consultant of Hilco Streambank, which describes the asset sale for ODG within the following method:

Hilco Streambank is searching for presents to amass sure property (collectively, the “Property”) of Osterhout Group, Inc. (ODG). The Property embrace an in depth patent portfolio masking blended actuality (augmented actuality/digital actuality (“AR/VR”)) sensible glasses expertise, in addition to different related intangible and bodily property.

A sale of the Property shall be carried out pursuant to Article 9 of the Uniform Industrial Code on January 15, 2019 at 10:00 a.m. Jap Time, by Hilco Streambank on behalf of JGB Collateral, LLC (“JGB”), as collateral agent for the secured lender.

ODG was based in 1999 by Ralph Osterhout, whose earlier work included the PVS-7 evening imaginative and prescient goggles and the event of high-tech units featured in a pair James Bond movies. During the last a number of years, ODG pitched a collection of sensible glasses culminating within the R-9 which promised a collection of key options together with 6DoF monitoring and an additional huge area of view for round $2,000. As of this writing, the ODG web site nonetheless lists the choice to “reserve yours” whereas stating that the gadget is “delivery in restricted portions.”

A Hilco consultant I spoke with directed me to their web site for details about the state of the corporate. I’ll replace this submit as we be taught extra.

This could be a quiet finish for ODG, which hasn’t up to date its social accounts on Twitter and Fb since June. The corporate provided comparatively low profile headgear that definitely made strides in ergonomics in comparison with other forms of AR and VR {hardware}, however might by no means ship on the guarantees of a sturdy function set with broad enchantment.

The property on the market are listed as a “Patent portfolio of 107 issued patents, 16 notices of allowance, 83 pending functions and 71 functions which have been deserted however could also be refiled” in addition to “Associated branded emblems” and “Tangible collateral supporting the enterprise.”

This story first appeared on UploadVR, our syndication accomplice.

This story initially appeared on Uploadvr.com. Copyright 2018

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