{"id":399227,"date":"2020-12-14T11:33:19","date_gmt":"2020-12-14T16:33:19","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=399227"},"modified":"2020-12-14T11:33:19","modified_gmt":"2020-12-14T16:33:19","slug":"eyeway-vision-names-google-exec-dr-nikhil-balram-to-head-new-us-subsidiary-to-develop-immersive-ar-products","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/eyeway-vision-names-google-exec-dr-nikhil-balram-to-head-new-us-subsidiary-to-develop-immersive-ar-products\/","title":{"rendered":"EyeWay Vision Names Google Exec Dr. Nikhil Balram to Head New US Subsidiary to Develop Immersive AR Products"},"content":{"rendered":"<h2>\nSilicon Valley Subsidiary to Bring Immersive Augmented Reality to Life<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p>SAN JOSE, Calif., Dec.  14, 2020  (GLOBE NEWSWIRE) &#8212; EyeWay Vision Ltd., an Israeli company developing a wearable augmented reality (AR) platform, today announced the formation of subsidiary company EyeWay Vision Inc. (\u201cEVI\u201d) in Silicon Valley, with Google exec and renowned AR\/VR expert Dr. Nikhil Balram as CEO. Located in San Jose, EVI will focus on bringing to market products based on advanced immersive AR technology developed by EyeWay over the past six years. The market for virtual and augmented reality is forecast to reach more than $67 billion globally by 2024, according to AR\/VR analyst firm Digi-Capital.<\/p>\n<p>\u201cEyeWay has spent the last six years developing deep AR technology, and Dr. Balram has the strong product vision and business experience to bring to market products based on our strong technology,\u201d said Rani Cohen, co-founder and CEO of EyeWay Vision Ltd. \u201cEyeWay\u2019s truly immersive AR experience is based on its unique approach of eye tracking, direct retinal projection, and foveated projection which yields super-bright images even outdoors, with an ultra-wide perceived Field of View. Dr. Balram\u2019s expertise in bringing complex high-quality display products to market will be invaluable to realizing a much-anticipated immersive AR experience.\u201d<\/p>\n<p>Combining market-oriented technology development with go-to-market experience, Dr. Balram will head a team focusing on enabling new forms of immersive entertainment, digital learning, e-commerce and other enterprise applications. Dr. Balram joins EyeWay Vision from Google, where he was in charge of developing displays for all consumer products. An experienced technology executive, Dr. Balram\u2019s previous positions include CEO at Ricoh Innovations, VP &amp; GM at Marvell, and CTO of National Semiconductor\u2019s Display Group.<\/p>\n<p>With over 25 years of experience, Dr. Balram is widely recognized throughout the industry and academia as an expert and innovator in advanced information and display technologies. Dr. Balram has also won numerous awards including the Otto Schade Prize from the Society for Information Display (SID), an Industrial Distinguished Leader Award from APSIPA (Asia-Pacific Signal and Information Processing Association), and a Gold Stevie Award for Executive of the Year in the Electronics category.<\/p>\n<p>\u201cI am very passionate about AR, and have long believed it is the next big mobile platform. I became convinced that EyeWay Vision\u2019s AR technology approach is the right one, and am excited to realize my vision of future products built with their deep technology,\u201d stated Dr. Balram. \u201cSilicon Valley is a natural fit for EyeWay Vision\u2019s presence in the US, putting us close to strategic partners, investors and industry talent.\u201d<\/p>\n<p>Dr. Balram is also an adjunct professor of electrical and computer engineering at Carnegie Mellon University, a guest professor of design and innovation at the Indian Institute of Technology (IIT) in Gandhinagar, India, and a former visiting professor of vision science at the University of California, Berkeley. He received his B.S., M.S. and Ph.D. in electrical engineering from Carnegie Mellon University.<\/p>\n<p>\u201cDr. Balram is a highly regarded technology executive who has been responsible for many successful innovations in the consumer display market,\u201d stated Dr. Achin Bhowmik, President-elect of the Society for Information Display (SID). \u201cI have been very impressed with EyeWay Vision\u2019s cutting-edge technology, and believe Dr. Balram has the expertise to bring it to market.\u201d<\/p>\n<p>Chris Chinnock, CEO of display technology research firm Insight Media, added, \u201cThe AR market has great potential in both the enterprise and consumer spaces, in entertainment as well as improving job performance. Dr. Balram has been a pioneer in enabling the large successful high-definition display market. When combined with EyeWay\u2019s unique immersive technology, his business and technical expertise could play a key role in the emerging AR market.\u201d<\/p>\n<p>\n        <strong>About EyeWay Vision<\/strong><br \/>\n        <br \/>EyeWay Vision develops innovative wearable augmented reality systems that provide a truly immersive experience on the go. EyeWay Vision Ltd. was established in 2014 in Israel, and is backed by strategic investors including Samsung Next, Verizon Ventures, Horizons Ventures, ICONIQ Capital, and OurCrowd. EyeWay\u2019s proprietary technology is protected by 17 patents published or pending. To learn more about EyeWay Vision, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Ro8hTns6YprDIgH8F6gOyz7cgPd6gb94bVHJcsS7JQGtwSzcInACm5S9wSdUiIkVfKdJir00zknODfUGexCAfhRKs-7oHlUftjmfpLhVb50=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">http:\/\/eyeway-vision.com<\/a>.<\/p>\n<p>A photo accompanying this announcement is available at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=QU5n0QrBNmoQWzmZYS0Do1QP4gmOM8iNdhQQW-TZu55Qb_y8EXfZ6NuFVRXnOYxF2f_WZVNj6XMzRQo6dhdiXeFBktouoTcuuhpHbQ1IZ4Y5FaUSSaoPNZdT_-avM-iikXLSsasGDaSxF2mAAJz2McbIsT50k68VVPbcJAFROvp96NnIY2U7nmR1-zcTw2q9ebEOLEV8dtvvsp_GP28QTil5WDp2_a5mg5uHhQ2wHzaK3oI82e9scXgZ-aibt44JYhF30xBHtRefYfXQqtwIJg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/185b7893-4948-495b-ab38-75b7b62391f7<\/a><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExMTgzOCMzODgwMzAzIzIyMDU5MDU=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/5506a324-5727-495f-b0cb-7572c2fcd1af\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Contact:\r\n\r\nBusiness: Adam Dunsky, Adam.D@eyeway-vision.com\r\nMedia: Deborah Lamascus, lamascuspr@gmail.com, +1 (415) 909-9250<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Silicon Valley Subsidiary to Bring Immersive Augmented Reality to Life SAN JOSE, Calif., Dec. 14, 2020 (GLOBE NEWSWIRE) &#8212; EyeWay Vision Ltd., an Israeli company developing a wearable augmented reality (AR) platform, today announced the formation of subsidiary company EyeWay Vision Inc. (\u201cEVI\u201d) in Silicon Valley, with Google exec and renowned AR\/VR expert Dr. Nikhil Balram as CEO. Located in San Jose, EVI will focus on bringing to market products based on advanced immersive AR technology developed by EyeWay over the past six years. The market for virtual and augmented reality is forecast to reach more than $67 billion globally by 2024, according to AR\/VR analyst firm Digi-Capital. \u201cEyeWay has spent the last six years developing deep AR technology, and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/eyeway-vision-names-google-exec-dr-nikhil-balram-to-head-new-us-subsidiary-to-develop-immersive-ar-products\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EyeWay Vision Names Google Exec Dr. Nikhil Balram to Head New US Subsidiary to Develop Immersive AR Products&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-399227","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EyeWay Vision Names Google Exec Dr. Nikhil Balram to Head New US Subsidiary to Develop Immersive AR Products - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/eyeway-vision-names-google-exec-dr-nikhil-balram-to-head-new-us-subsidiary-to-develop-immersive-ar-products\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EyeWay Vision Names Google Exec Dr. Nikhil Balram to Head New US Subsidiary to Develop Immersive AR Products - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Silicon Valley Subsidiary to Bring Immersive Augmented Reality to Life SAN JOSE, Calif., Dec. 14, 2020 (GLOBE NEWSWIRE) &#8212; EyeWay Vision Ltd., an Israeli company developing a wearable augmented reality (AR) platform, today announced the formation of subsidiary company EyeWay Vision Inc. (\u201cEVI\u201d) in Silicon Valley, with Google exec and renowned AR\/VR expert Dr. Nikhil Balram as CEO. Located in San Jose, EVI will focus on bringing to market products based on advanced immersive AR technology developed by EyeWay over the past six years. The market for virtual and augmented reality is forecast to reach more than $67 billion globally by 2024, according to AR\/VR analyst firm Digi-Capital. \u201cEyeWay has spent the last six years developing deep AR technology, and &hellip; Continue reading &quot;EyeWay Vision Names Google Exec Dr. Nikhil Balram to Head New US Subsidiary to Develop Immersive AR Products&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/eyeway-vision-names-google-exec-dr-nikhil-balram-to-head-new-us-subsidiary-to-develop-immersive-ar-products\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-14T16:33:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExMTgzOCMzODgwMzAzIzIyMDU5MDU=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/eyeway-vision-names-google-exec-dr-nikhil-balram-to-head-new-us-subsidiary-to-develop-immersive-ar-products\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/eyeway-vision-names-google-exec-dr-nikhil-balram-to-head-new-us-subsidiary-to-develop-immersive-ar-products\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"EyeWay Vision Names Google Exec Dr. Nikhil Balram to Head New US Subsidiary to Develop Immersive AR Products\",\"datePublished\":\"2020-12-14T16:33:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/eyeway-vision-names-google-exec-dr-nikhil-balram-to-head-new-us-subsidiary-to-develop-immersive-ar-products\\\/\"},\"wordCount\":718,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/eyeway-vision-names-google-exec-dr-nikhil-balram-to-head-new-us-subsidiary-to-develop-immersive-ar-products\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODExMTgzOCMzODgwMzAzIzIyMDU5MDU=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/eyeway-vision-names-google-exec-dr-nikhil-balram-to-head-new-us-subsidiary-to-develop-immersive-ar-products\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/eyeway-vision-names-google-exec-dr-nikhil-balram-to-head-new-us-subsidiary-to-develop-immersive-ar-products\\\/\",\"name\":\"EyeWay Vision Names Google Exec Dr. Nikhil Balram to Head New US Subsidiary to Develop Immersive AR Products - 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(\u201cEVI\u201d) in Silicon Valley, with Google exec and renowned AR\/VR expert Dr. Nikhil Balram as CEO. Located in San Jose, EVI will focus on bringing to market products based on advanced immersive AR technology developed by EyeWay over the past six years. The market for virtual and augmented reality is forecast to reach more than $67 billion globally by 2024, according to AR\/VR analyst firm Digi-Capital. \u201cEyeWay has spent the last six years developing deep AR technology, and &hellip; Continue reading \"EyeWay Vision Names Google Exec Dr. Nikhil Balram to Head New US Subsidiary to Develop Immersive AR Products\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/eyeway-vision-names-google-exec-dr-nikhil-balram-to-head-new-us-subsidiary-to-develop-immersive-ar-products\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-14T16:33:19+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExMTgzOCMzODgwMzAzIzIyMDU5MDU=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/eyeway-vision-names-google-exec-dr-nikhil-balram-to-head-new-us-subsidiary-to-develop-immersive-ar-products\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/eyeway-vision-names-google-exec-dr-nikhil-balram-to-head-new-us-subsidiary-to-develop-immersive-ar-products\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"EyeWay Vision Names Google Exec Dr. Nikhil Balram to Head New US Subsidiary to Develop Immersive AR Products","datePublished":"2020-12-14T16:33:19+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/eyeway-vision-names-google-exec-dr-nikhil-balram-to-head-new-us-subsidiary-to-develop-immersive-ar-products\/"},"wordCount":718,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/eyeway-vision-names-google-exec-dr-nikhil-balram-to-head-new-us-subsidiary-to-develop-immersive-ar-products\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExMTgzOCMzODgwMzAzIzIyMDU5MDU=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/eyeway-vision-names-google-exec-dr-nikhil-balram-to-head-new-us-subsidiary-to-develop-immersive-ar-products\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/eyeway-vision-names-google-exec-dr-nikhil-balram-to-head-new-us-subsidiary-to-develop-immersive-ar-products\/","name":"EyeWay Vision Names Google Exec Dr. Nikhil Balram to Head New US Subsidiary to Develop Immersive AR Products - 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