| [August 29, 2014] |
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Vortex VR Launches Mobile VR Solution at PAX Prime 2014
LOS ANGELES --(Business Wire)--
Vortex VR, Inc., an emergent leader in virtual reality technology, today
announced the launch of VRTX I, a lightweight VR Mobile phone case and
Head Mounted Display (HMD) device with a 100° field of view, tailor-made
for the new LG G3 Quad HD smartphone. The company developed the
technology in partnership with GameFace Labs and 3D Systems, which
3D-printed the headsets using its Selective Laser Sintering process.
VRTX I - LG G3-VR Adapter (Photo: Business Wire)
The inventors of 3D printing, 3D Systems has a nearly three-decade track
record of innovation. The company produces leading
design-to-manufacturing solutions in all seven of its print engines,
empowering users to bring digital files to life in more than 100 print
materials, including titanium, nylon, full color, ceramics and
chocolate. 3DS is pioneering a high-speed, continuous 3D printing and
fulfillment platform, in collaboration with Project Ara, Google's (News - Alert)
modular smartphone initiative, and has recently entered the virtual
reality space through the key healthcare acquisitions of Medical
Modeling and Simbionix.
"This is an exciting project for 3D Systems, one that combines the power
and flexibility of 3D printing with the incredible advancements in
virtual reality and wearables," said Cathy Lewis, Chief Marketing
Officer, 3D Systems. "This has the potential to change how we design,
manufacture and interact with these exponential technologies forever."
According to KZero,
over the five year period from 2014 to 2018, Head Mounted Virtual
Reality Display (HMD) penetration is forecasted to grow from 0.05% to
8.8%, HMD unit sales is forecasted to grow from 200k to 38.8M, and
cumulative unit sales by 2018 is estimated to be 83.3M (News - Alert). Input control
device unit sales are expected to grow from 2k to 10.2M and cumulative
unit sales of input devices are estimated to be 17.7M units. HMD
Revenues are estimated to grow from $70M to $3.8B, with cumulative
HMD revenues estimated to reach $11.6B. Input Device Revenues
are estimated to grow from $600k to $766M, with cumulative input
devices revenues estimated to reach $1.6B. Software revenues are
estimated to grow from $960k to $4.6B, with cumulative software
revenues estimated to reach $8.4B. This leads to
an overall addressable market of over $21B for the years
2014-2018.
"This is the mobile VR experience everyone has been waiting for, and
with our technology partners, GameFace Labs and 3D Systems, we have been
able to rapidly bring to market a mobile case and device with technology
that has been developed to best leverage the Android (News - Alert) OS, along with the
powerhouse of hardware within the LG G3," said David Haines, Chairman
and Interim CEO, Vortex VR, Inc. "This is our inaugural product and we
will be following up with products and services that will cover the
entire ecosystem and value chain in the coming months. Our ecosystem
will include a focus on an open and scalable Android based platform to
enable content developers to directly engage with the largest base of
consumers, clients and partners in the VR community."
"It is great to see that Vortex VR selected our latest flagship
smartphone, the LG G3 for its VR device. The LG G3's 5.5-inch Quad HD
display enables nearly double the resolution of any mobile or other
available HMD today," said Chang Ma, senior vice president of North
American marketing, LG Electronics (News - Alert) MobileComm, USA. "The LG G3
smartphone features a 2560x1440 display panel, which is over 75% more
pixels than the current generation of VR Devices. This increased PPI
creates added detail and better picture quality, providing a much more
intense virtual reality experience."
About Vortex VR, Inc.
Vortex VR is an emerging virtual reality technology company. The company
has developed a revolutionary virtual reality (VR) smartphone device,
the VRTX I, and is developing and bundling studio quality games and
cinematic content for the android marketplace. Vortex HMD products
feature perfectly configured optics, ergonomic designs and integrated
controllers. Consumers can now use their smartphone as a virtual cinema,
talk to other VRTX users in a virtual chat room, and get immersed into
the virtual gaming world. Vortex VR is headquartered at Raleigh Studios
- Hollywood. For more information, please visit www.vrtx.io;Press
inquiries: pr@vrtx.io; Ed
Mason: 323.445.9814.
About 3D Systems
3D Systems is pioneering 3D printing for everyone. 3DS provides the most
advanced and comprehensive 3D design-to-manufacturing solutions
including 3D printers, print materials and cloud sourced custom parts.
Its powerful digital thread empowers professionals and consumers
everywhere to bring their ideas to life in material choices including
plastics, metals, ceramics and edibles. 3DS' leading healthcare
solutions include integrated 3D planning and printing for personalized
surgery and patient specific medical and dental devices. Its
democratized 3D design and inspection products embody the latest
perceptual, capture and touch technology. Its products and services
replace and complement traditional methods with improved results and
reduced time to outcomes. These solutions are used to rapidly design,
create, communicate, plan, guide, prototype or produce functional parts,
devices and assemblies, empowering customers to manufacture the future.
Leadership Through Innovation and Technology
-
3DS invented 3D printing with its Stereo lithography (SLA) printer and
was the first to commercialize it in 1989.
-
3DS invented Selective Laser Sintering (SLS) printing and was the
first to commercialize it in 1992.
-
3DS invented the Color-Jet-Printing (CJP) class of 3D printers and was
the first to commercialize 3D powder-based systems in 1994.
-
3DS invented Multi-Jet-Printing (MJP) printers and was the first to
commercialize it in 1996.
-
3DS Medical Modeling pioneered virtual surgical planning (VSP) and its
services are world-leading, helping many thousands of patients on an
annual basis.
Today its comprehensive range of 3D printers is the industry's benchmark
for production-grade manufacturing in aerospace, automotive, patient
specific medical device and a variety of consumer, electronic and
fashion accessories.
More information on the company is available at www.3DSystems.com.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140829005251/en/
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