Intel has completed its acquisition of smart eyewear designer Recon Instruments.
In 2013, Intel Capital -- the investment and venture capital arm of Intel Corp -- invested $4 million in Recon Instruments for its product development, marketing, and global sales expansion.
"The growth of wearable technology is creating a new playing field for innovation, and we've made tremendous strides in developing products and technologies to capture this next wave of computing," Josh Walden, senior vice president and general manager of Intel's New Technology Group, said.
Recon co-founder and CEO Dan Eisenhardt said the chip giant is an ideal partner for his company.
"This is a tremendous opportunity that will lead to amazing things, just as much for us as for our customers.
"As part of Intel, we'll have the resources to continue the mission we began with the creation of Recon in 2008, but with a level of efficacy and speed that's beyond the reach of a pioneer in a new market," Eisenhardt said in a blog post.
Terms of the deal have not been disclosed by either party, but the smart eyewear CEO said that Recon will stay in Vancouver to retain its talent, brand, and "entrepreneurial spirit".
The acquisition of Recon adds to Intel's growing portfolio of wearables, with the microprocessor giant purchasing smartwatch maker Basis Science early last year.