EDGE3 Issues License to Time-of-Flight 3D Sensing Technology

TEMPE, AZ--(Marketwired - August 23, 2016) - EDGE3 Technologies, a company engaged in the innovation, development and commercialization of machine vision and machine learning technologies, today announced a new IP licensing agreement with Microsoft Corp (NASDAQ: MSFT). This relationship encompasses a broad range of technologies focused on gestural and movement tracking using time-of-flight (TOF) camera sensors, with use cases spanning automotive-based gesture tracking, virtual reality (VR) gaming, and augmented reality (AR).

"The agreement with Microsoft serves as market validation of the value of EDGE3's innovative technology. We are excited by the TOF technologies that Microsoft has been working on, and look forward to their continued successful commercialization," said Roger Hauptman, VP of corporate development at EDGE3 Technologies.

"This new collaboration with EDGE3 sets the stage for even more rapid advancement and commercialization of vision-based interfaces," said Nick Psyhogeos, president of Microsoft Technology Licensing. "EDGE3 has been a pioneer in the computer vision industry and this mutually respectful and beneficial exchange of technology exemplifies how these kinds of IP collaborations can empower new innovation."

Details of the agreement were not disclosed.

About EDGE3 Technologies

EDGE3 Technologies is the world leader in end-to-end vision analytics solutions. It offers robust and scalable vision technology through the integration of multichannel environmental input sensors to enable intelligent and autonomous applications. EDGE3's vision analytics software platforms integrate state-of-the-art artificial intelligence technology to solve problems that improve the safety of automobiles, the efficiency of shipping logistics, and the performance of robots. EDGE3 has an IP portfolio of more than 100 awarded and pending patents in the fields of: Artificial Intelligence, Deep Learning, Computational Stereography, Structured Light, Time-of-Flight, Organic Sensors, and the Internet of Things. For more information, please visit www.edge3technologies.com