Liteye Systems and IBM Announce Technology License Agreement with IBM; For Advanced Head-Mounted Displays for Wearable Computing and Other Applications

Business Wire, May 9, 2002

Business Editors/High-Tech Writers

DENVER--(BUSINESS WIRE)--May 9, 2002

Liteye Systems of Littleton, Colo., and IBM Corp. have entered a license agreement with IBM for lightweight, high-resolution head-mounted displays that Liteye plans to manufacture for many computer applications.

"This agreement marks a technological leap forward for head-mounted displays and wearable computing," says Kenneth Geyer, vice president of development for Liteye Systems. "The blending of IBM's cutting-edge design with our unique display abilities will lead to the availability of superior heads-up displays. We're excited about the opportunity to integrate IBM technologies into our offerings."

IBM's proprietary technologies will be combined with Liteye's high-resolution display capabilities. The result will be a sleeker, smaller and lightweight headset. Liteye head-mounted display units can be attached to flight helmets, combat helmets and hardhats in addition to wearable computers. They can display everything from a computer screen to infrared video images.

Liteye microdisplay units provide superior image quality, FOV (field of view) and contrast while greatly reducing physical size, weight and power consumption. Liteye's heads-up displays are designed to work with thermal imagers, wearable computers, and NTSC/PAL video sources.

About Liteye Systems

Liteye Systems is a leading designer, manufacturer and marketer of miniature, high-resolution microdisplays, custom projects, and thermal imaging systems. The Liteye family of products and solutions is distinguished by its unique combination of high resolution, rugged and lightweight construction, low power, superior optics and cutting-edge design. Liteye Systems integrates microdisplay and other technologies to provide solutions for military, industrial, security and law enforcement institutions worldwide. For more information about Liteye Systems, visit http://www.liteye.com or contact Anna Cole at 303/884-9710 or info@liteye.com.