CHEYENNE – Three Wyoming companies are taking on the Facebook metaverse by developing their own innovative smart glasses.
The strategic partnership between Teal, VMAccel and GreenArrays Inc. was entered into with the goal of maintaining product creation based in Wyoming and will compete with technology companies in the United States and around the world.
From system programming to the compiler, every step will take place at IMPACT 307, located in the Wyoming Technology Business Center in Laramie.
The team considers this to be a historic effort in product development, as no other company has complete internal control to their knowledge.
“Not Apple, Facebook or, frankly, even NASA have this level of integration into their development organizations,” said Teal CEO Mark Poderis. “We are thrilled and, in fact, proud of the opportunity to collaborate with these phenomenal engineers on the future of wearable computing and the metaverse. ”
Teal, a consumer electronics company, was chosen last year to participate in gener8tor’s gBETA startup accelerator program, sponsored by Microsoft. The seven-week course teaches founders the skills to build a successful business and connects them with investors.
Once Poderis got a foothold in Laramie, he began looking for ways to create smart glasses that could stream live video and allow the wearer to talk to others while recording. In the age of influencers and social networks, he quickly found a market.
Content creators with an overall audience of over 9 million were ecstatic, and there’s a long list of those waiting to get their first glasses after he reaches out.
It was the dream he had when he first imagined the product. He was traveling the world after quitting his job and he realized he couldn’t share his memories from his perspective and in real time.
“This is where the idea for Teal’s First Kind germinated,” he said. “What if we could actually broadcast our real lives live on the Internet?” Or, like, broadcast our memories in real time? “
Companies such as Facebook took to creating smart glasses, but Poderis said they couldn’t provide the full services he offered. Competitive products do not have interactive audio, cannot be streamed live, and have batteries that last less than 30 minutes.
There have also been discussions about adding virtual reality aspects, but tech companies have yet to get the basics right. Poderis attributes this to the inefficiency of the semiconductors, or computer chips, that these companies buy from manufacturers overseas.
But he said he found the solution to this problem in his own backyard.
Greg Bailey is the president of GreenArrays Inc., and he is the Cheyenne-based manufacturer of computer chips entering smart glasses. He said he has been programming since 1964 and takes pride in his ability to design tools and hardware from scratch.
“Our chips are entirely designed by us,” he said. “The AIP never leaves the United States and never will. ”
Not only will the team not have to worry about overseas supply chain issues, Bailey said he was confident that he could outperform his competition in terms of functionality. With a small size, high computing power, and low power consumption, he said the chips should be able to deliver up to three hours of battery life, live streaming capabilities and more.
The technology will also be supported by the efforts of VMAccel President and CTO, Darrick Horton, who provides partners with access to a local data center. He said that at the heart of the operation, the company operates one of the top 500 supercomputers in the world.
“These guys’ workload is well optimized for acceleration with our infrastructure,” he said. “And that’s the key. The types of actions that need to be done are exactly the types of things that we are really good at. So there is a lot of synergy.
But even though all three team members express high hopes for their partnership, they said it was still just the beginning.
The companies are looking for investors and are looking to raise more than $ 500,000 to begin production of the first prototype in the coming months. They said they had all the essential parts of the glasses ready to be put together; it’s just a matter of proving that the technology is as good as they think it is.
Once the investment funds are raised and the demos are ready to be developed and manufactured in Wyoming, Poderis said they plan to produce just 1,700 units per week. The equipment will be purchased and brought to IMPACT 307.
Competitors are currently selling their smart glasses for around $ 200, but Wyoming partners want the starting rate to be $ 650 for their product. They compared them to expensive cameras and other gear that social media influencers tend to buy, and said it would be priced right for the capabilities they have.
“It’s probably 20 times more effective than what Facebook just posted,” he said.
There are also designs to augment the human brain and to read with glasses, but these are in the future. Companies want to put their first commodity on the market first.
“Our goal is to create fun, everyday smart glasses that give you superpowers,” Poderis said.