eMagin Enters Merger Agreement With Samsung Display
eMagin, a US-based OLED microdisplay developer, has entered into a merger agreement with Samsung Display, a subsidiary of Samsung Electronics. Samsung will acquire all outstanding shares of eMagin common stock for $2.08 per share in cash, amounting to approximately $218 million. The merger aims to leverage eMagin’s OLED technology for the growth of extended reality (XR) devices. The agreement has been approved by eMagin’s board of directors and is expected to close in the second half of 2023, with eMagin continuing its operations in Hopewell Junction, NY.
Copresence’s closed beta launch
Copresence AG, a provider of digital avatar generation software, has announced the closed beta launch of its platform and app. The platform creates photorealistic digital avatars in minutes for gaming, virtual/augmented reality, and video conferencing. It uses AI-powered scanning technology compatible with smartphones to create a 3D model or “digital twin” of a user’s face. The digital twin can be used on various platforms and game engines. The platform features AI-driven tracking technology for real-time translation of facial expressions and non-verbal cues to the avatar, enhancing video conferencing experiences. Copresence’s technology creates high-quality avatars with realistic responsiveness in under three minutes. The closed beta launch marks the company’s public debut after a year of private development and has garnered attention from Fortune 500 companies and AAA gaming studios. Copresence has raised $2.75 million in seed funding and plans to launch the open beta version in Q3 2023.
Campfire’s holographic collaboration system
Campfire has launched a holographic collaboration system that allows hybrid teams to collaborate using 3D models and scans. The system includes a multi-platform app for PC, Mac, and iPad, as well as a specialized XR headset for PC. The app enables users to join 3D scenes, interact, and annotate content, while the headset provides high-fidelity augmented reality for face-to-face communication. The company claims to have solved the challenge of communicating 3D information and aims to serve various industries. They offer a freemium app with enterprise plans starting at $1,500/user/year. The Campfire headset has a wide field-of-view and works with the Campfire Pack and consoles. The Campsite Starter Kit includes two headsets, licenses, and a Studio Console, costing $15,000/year. For more information, visit Campfire’s website.
