Osterhout Design Group has mass shipping planned for their R-9 augmented reality glasses next year, but the company may not make it until then. They plan to have an asset sell focused on the company’s AR patent portfolio. A representative for the company that is in charge of the selling of the patent portfolio, said this regarding the asset sales.
“Hilco Streambank is seeking offers to acquire certain assets (collectively, the “Assets”) of Osterhout Group, Inc. (ODG). The Assets include an extensive patent portfolio covering mixed reality (augmented reality/virtual reality (“AR/VR”)) smart glasses technology, as well as other associated intangible and physical assets.
A sale of the Assets will be conducted pursuant to Article 9 of the Uniform Commercial Code on January 15, 2019 at 10:00 a.m. Eastern Time, by Hilco Streambank on behalf of JGB Collateral, LLC (“JGB”), as collateral agent for the secured lender.”
This certain rep did not know of the extent to which he could touch on this subject, but he is certain more details will come to light in the future.
If this is the end of the company, it would have an exit that will go down as quiet as can be. They haven’t updated or posted on social media in half of a year, and they never really got into the new wave of the AR and VR scenes that attracted larger consumer groups. The company was founded in 1999 by Ralph Osterhout, whose mostly famous for night vision goggles by ODG, and a few high tech devices found in a few James Bond films.
