B$Z: Recon Instruments Secures Investment from Motorola Solutions
Recon Instruments Secures Investment from Motorola Solutions
Support based on shared vision for delivering critical information instantly, unobtrusively in challenging environments
Press Release from TRUE Communications
VANCOUVER and SCHAUMBURG, Ill. ─ April 23, 2014 ─ Recon Instruments, the award-winning technology company behind the world’s leading consumer Heads-up Displays (HUD) for sports, is pleased to announce that Motorola Solutions (NYSE: MSI), through its strategic investment arm Motorola Solutions Venture Capital, has made an investment in the company. Having shipped three generations of products already, Recon is a leading pioneer in wearable computing and Heads-up Display technology. The investment from Motorola Solutions will be used to accelerate product development and to ramp up global marketing and distribution.
“Our products are designed to deliver contextual visual information, instantly and hands-free, in the most demanding environments” said Dan Eisenhardt, CEO of Recon Instruments. “As we extend our scalable smartglasses platform into industrial and public safety markets, we can leverage Motorola Solutions’ strength. Motorola Solutions is a global leader in ruggedized communication devices and data services, designed to perform in the most high-stress, high-focus situations imaginable, so the synergy is clear and powerful.”
“Recon Instruments is well known as a pioneer in the smartglasses market, with a focus on utility, durability and comfort,” said Tony Palcheck, managing director, Motorola Solutions Venture Capital. “Those same attributes make their product relevant to the vertical markets that Motorola Solutions serves. Our customers need to have access to situation-specific information, instantly and hands-free in the moments that matter, and Recon’s modular, ruggedized hardware, innovative user interface and flexible software can enable that. We believe their solution can be easily adapted to many first responder applications. All the elements for growth are in place.”
Motorola Solutions is a leading provider of mission-critical communication solutions and services for government and enterprise customers.
Complete information on Recon Instruments and its newest product, Jet, can be found at www.reconinstruments.com.
About Recon Instruments
Recon Instruments is a world leader in Heads-up Display (HUD) technology for sports and activity-specific environments. Founded in 2008, Recon’s award winning multi-patent and patent-pending technology platform integrates a Heads-up Display with a state-of-the-art micro-computer and sensor suite. Recon’s HUDs run an operating system with an open SDK to empower developers to create apps for an endless variety of sports, social and contextual cases. With worldwide distribution and partnerships with leading technology and optics companies, Recon continues to define and evolve the HUD category. For more information, visit www.reconinstruments.com.
About Motorola Solutions
Motorola Solutions is a leading provider of mission-critical communication solutions and services for enterprise and government customers. Through leading-edge innovation and communications technology, it is a global leader that enables its customers to be their best in the moments that matter. Motorola Solutions trades on the New York Stock Exchange under the ticker “MSI.” To learn more, visit www.motorolasolutions.com. For ongoing news, please visit our newsroom or subscribe to our news feed.
About Motorola Solutions Venture Capital
Motorola Solutions Venture Capital is the strategic equity investment arm of Motorola Solutions. Its diversified portfolio is focused on “new-idea” companies and opportunities that complement Motorola Solutions’ business strategy. Motorola Solutions Venture Capital invests at all stages in developing companies to accelerate access to new technologies, new markets and new talent. For more information, visit www.motorolasolutions.com/ventures.
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