December 17, 2018

North Expands Smart Glasses Expertise with Acquisition of Intel’s Smart Glasses Technology Portfolio

December 17 - Waterloo, Ontario: Today, North, the makers of Focals, announced the ac- quisition of Intel’s smart glasses technology portfolio. This deal includes the sale of intellec- tual property and assets related to Intel’s “Superlight” consumer augmented reality glasses project. North will use these assets to accelerate an already aggressive R&D program, ad- vanced manufacturing operation and product roadmap. Terms of the agreement were not disclosed.

Of note, this deal includes the acquisition of numerous patents. North has made building a robust IP portfolio a key part of its strategy from day-one. With this acquisition, North will have nearly 650 patents and patent applications by the end of the year, making the company the holder of one of the most robust smart glasses portfolios in the world.

“Intel has been deeply supportive of North since early on.” said Stephen Lake, co-founder and CEO of North, “This deal highlights their ongoing commitment both to us and the future of innovation in this emerging category.”

“Augmented reality is an exciting space, and Intel Capital remains a substantial, long-time investor in North,” said Wendell Brooks, president of Intel Capital. “Intel’s sale of these as- sets to North continues our commitment to supporting the development of Focals and future product generations.”

This deal comes on the heels of the release of North’s new product, Focals. Focals are a pair of custom-built glasses with a transparent, holographic display that only the wearer can see.This display floats an arm’s length in front of you and connects you to the people you care about, the information you need and the places you want to go. Using Focals, you can see and respond to texts, get turn-by-turn directions, check the weather, request an Uber, talk to Amazon Alexa and more — seamlessly and immediately. Each pair is custom-made to the exact specifications of the wearer using our proprietary in-store 3D sizing technology.

About North

North, formerly Thalmic Labs, builds products that change the way see and engage with our world. North’s latest product, Focals, are custom-built glasses with a display only the wearer can see. Focals let you see texts, get turn-by-turn directions, check the weather, request an Uber, talk to Amazon Alexa and more — seamlessly and immediately. Focals are now for sale in Showrooms in Brooklyn and Toronto.

Founded in 2012 by three graduates of the University of Waterloo's mechatronics engineer- ing program, Stephen Lake, Matthew Bailey, Aaron Grant, North has grown to a world-lead- ing team of engineers, researchers, designers and creators. North has raised over $135M USD to date from investors including the Amazon Alexa Fund, Intel Capital and more.

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