Boston, MA 08/19/2014 (wallstreetpr) – Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) has announced a collaboration with Lumus Inc. for the development of next-gen smart glasses. The two firms will work together for enhancing the technological standards of next generation smart glasses. It will be in terms of better image quality and enhanced performance. The two firms are working together from last many years in the segment of combat aviation.
The Extended Initiatives
Jordan Wu, CEO of Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) stated that the company is delighted to expand the partnership with Lumus. The two firms in collaboration have worked on an innovative technology to create augmented reality glasses. It has got the features top become a ‘must-have’ consumer device in coming time. At the same time Zvi Lapidot, CEO of Lumus said that Himax’s superior LCOS technology, ability to for high volume production and advanced technological applications were the key reasons to select Himax as Lumus strategic partner.
The Distinguishing Features
The microdisplay manufactured by Himax complements well the Lumus’ transparent display. Both the products when come together creates an ideal piece of smart glasses. The ultra-thin and see-through optics of Lumus results in natural looking wearable displays. Himax’s LCOS technology provides the optics with the high level of brightness for better-augmented reality. The uniqueness of the products results in the most advanced and superior form of wearable technology.
The Financial Figures
Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) came up with its second quarter financial results last week. The third quarter revenues of Himax are expected to increase by 10%-15% sequentially. In the second quarter, Himax revenues came flat sequentially and showed a decline of 5.1% YOY to $196.4 million. The gross margin came at 24.2% as per the expectations. The GAAP net income came at $24.1 million, Up 24.6% as compared to 2Q2013. The non-GAAP net income came at $24.5 million, up 21.95 as compared to 2Q2013.
