Infinity Augmented Reality Inc. (OTC:ALSO)
Infinity Augmented Reality Inc. (OTC:ALSO) is a company based in New York that designs and develops augmented reality (AR) software. Its AR software allows its users to experience the real world through digital images overlay, video, and sound as it’s accessed from a smartphone screen, tablet, or pair of digital glasses.
The company beat out the leading augmented reality firms in Europe to win the prestigious 2015 Frost & Sullivan Technology Innovation Award last January. The Frost & Sullivan research group was particularly impressed by ALSO’s Infinity AR engine, which allows 2D camera sensors to detect 3D environments and “has the capability to deliver a richer AR experience for users,” according to Swapnadeep Nayak, an analyst at Frost & Sullivan Industry. I’m impressed, too.
Meanwhile, the massive accolades for ALSO’s AR system has raised some hopes that it might be headed towards a buyout that’s wildly profitable for shareholders, following the example of the virtual reality company Oculus’ $2 billion purchase by Facebook. The company’s leadership is clearly keeping an eye on this possibility, with COO Motti Kushnir remarking on the week of Oculus’ buy-out, “I am excited to see what has been a very active week in the Augmented Reality technology sector with Facebook’s acquisition of Oculus VR… I believe that Infinity AR is developing one of the most exciting technology platforms for the future.”
