KZero expects the Consumer Virtual Reality Market to reach $5.2 billion by 2018 and with an installed base of over 250 million(1) VR-capable game consoles, the Company believes there is a growing need to deliver differentiated VR products that will appeal to the broadest mainstream consumer base. Dual screen configurations hold the potential to set a new industry benchmark for truly immersive virtual reality by vastly reducing perceptible latency and delivering enhanced audio fidelity and video resolution.
With more than 20 vendors developing immersive HMD devices, product differentiation in the tethered VR space is essential. Dual screen VR offers an even more immersive broader field of view but requires nearly twice the bandwidth and double the cabling complexity. Moreover, early dual screen platforms require two sets of bulky and heavy cables for power, video and data to each lens. With Spectra7's new VR7200 chip which features the Company's patented high-speed, active signal processing and power delivery technology, dual screen VR HMDs with a single super-thin cable and ultra-compact connector are now possible. Next generation VR interconnects built with Spectra7's VR7200 are capable of dual 2560 x 1440 Wide Quad High Definition (WQHD) display resolution with 4:4:4 Chroma at up to 80FPS per screen without any image degradation as a result of Luma and/or Chroma subsampling and do not require a separate external HMD power connection.
"The recent surge in new VR product announcements underscores the growing need for differentiated products amongst leading OEMs and the emergence of Dual Screen VR takes this market to yet another level," said Tony Stelliga, CEO of Spectra7. " Spectra7's VR7200 reduces the current multi-cable requirements of Dual Display VR to a single unified connection with integrated power delivery, delivering a much lighter, more immersive experience for the VR enthusiast."
Samples of the VR7200 are expected to be available to Early Access Partners in December 2014.
ABOUT SPECTRA7 MICROSYSTEMS INC.
Spectra7 Microsystems Inc. is a high performance consumer connectivity company delivering unprecedented bandwidth, speed and resolution to enable disruptive industrial design for leading consumer electronics manufacturers in Virtual Reality, Wearable Computing and Ultra-HD 4K/8K Displays. Spectra7 is based in Palo Alto, California and Markham, Ontario with a Design Center in Cork, Ireland. For more information, please visit www.spectra7.com.
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Contacts: Spectra7 Microsystems Inc. Sean Peasgood Investor Relations 416.565.2805 firstname.lastname@example.org Spectra7 Microsystems Inc. Melissa Chee Vice-President, Product Management and Corporate Marketing 647.472.2468 email@example.com www.spectra7.com