Truemag

  • Subscribe
    • New Subscription
    • Account Updates
    • Customer Service
  • News & Events
    • News
    • Events
  • Advertise
    • Media Kit
    • Reprints
    • Contacts
  • Editorial
    • Podcasts
    • Current Articles
    • Digital Editions
    • eNewsletter
    • Editor’s Desk
    • Edit Calendar
    • Contacts
  • Buyers Guide
    • Search
    • Sponsor Index
    • Vendor Update
  • Annual Software Ranking
    • Ranking Form
    • Annual Software Ranking
    • 2018 Software Ranking File Package

Cemtrex Announces Strategic Partnership with Blockchain based Smartglasses Manufacturer, Lucyd

1.26.18

Cemtrex Advanced Technologies (CAT), a subsidiary of Cemtrex Inc. announced today that its CemtrexVR division has entered into a strategic partnership to develop augmented reality (AR) solutions with Lucyd, a manufacturer of ergonomic smartglasses utilizing a blockchain platform with its LCD token to create, share and experience AR content.

CAT’s newly formed division CemtrexVR, has long term plans to develop integrated hardware and software solutions for a wide variety of virtual and augmented reality applications. One area Cemtrex is initially focusing on is developing solutions for industrial applications, leveraging its extensive Fortune 500 customer base, to improve manufacturing production time and quality control using AR / VR. The company is already in early stage discussions with a Top 10 global aerospace equipment manufacturer for a pilot demonstration within the next six months.

Cemtrex’s Chairman and CEO, Saagar Govil, said, “We are extremely excited about this new partnership as it allows us to participate in the two most cutting-edge technologies: blockchain platform and AR, thus providing us an opportunity to establish ourselves in this emerging space. Collaborating closely with leading edge manufacturers of augmented reality glasses like Lucyd, Vuzix, and Magic Leap is a core part of our strategy as we look to integrate our proprietary industrial software applications with agile eyewear that can work effectively in hazardous manufacturing environments. We are at Day 1 of VR and we expect this market will closely resemble the PC or mobile device market over the coming years in terms of scope and size.”

“We will be developing and releasing a few agile software applications for the AR / VR markets over the coming months in 3 different verticals all with significant long-term monetization potential,” continued Saagar Govil.

Lucyd CEO Clifford M. Gross, “We are very excited to work together with Cemtrex VR to support their AR apps on the smartglasses we are developing. We believe Cemtrex VR’s vast development experience combined with Cemtrex’s long-standing presence in industrial and manufacturing markets will enhance the utility and adoption of Lucyd Lens smartglasses.”
Cemtrex is planning to develop these new cutting-edge solutions under its new division CemtrexVR, which was formed as the Company recently acquired assets and talent after completing its previously announced acquisition. Cemtrex VR has offices in New York City and Pune, India with over 40 developers with vast experience in developing applications for VR / AR, PC, mobile, and web.

www.cemtrexvr.com

Jan 26, 2008Olivia Cahoon
Information Builders Grows Accelerators Portfolio to Speed Time-to-Value for Critical Business InitiativesNew Management Consultancy, Upward, Launches to Support Mid-Market & PE Companies
Product Centrics
TrueNAS Open Source Storage Platform brings Full Windows ACL Support to Linux

Fully featured Windows file system ACLs are well supported in TrueNAS 12.0 (CORE and Enterprise), but not generally supported by Linux. Thanks to some innovation, and sweat from the iXsystems engineering team, TrueNAS SCALE 21.08...

Driving Successful Digital Transformation Initiatives in 2022

Well, the end of the year is the perfect time to reflect on all the past year's activities and plan for the coming year. As we plan for 2022, one thing...

Recovery Platforms

Established in 2013, Imanis Data, previously Talena...

Data Driven Efficiency

Founded in 2003, Tableau is a public software company...

Updated Hitachi CRM

Building Product Manufacturers (BPM) require...

Quick Links
Untitled Document
SW500 SW500 SW500 SW500 SW500
2022 © Rockport Custom Publishing, LLC