Throughout the course of the project, we achieved a series of significant technical and business milestones, demonstrating our dedication and progress.
On the technical front, a noteworthy accomplishment was the successful creation of a VR headset prototype (MS1), integrating cutting-edge FPGA-based electronics/driver. This FPGA driver encompasses key functionalities including data communication, light field image processing, and low-level display control. While we were unable to fully realize MS2, which involves developing a compact AR headset prototype featuring electronics based on ASIC chip, this setback was attributed to unforeseen chip production delays at the foundry. Notably, we are resolute in our commitment to our goals and remain optimistic about achieving this milestone by early 2024.
In terms of business development, the challenges posed by the COVID-19 pandemic, which restricted in-person interactions, impacted but did not impede our progress. We continued to diligently work and successfully established new partnerships with various R&D groups within both industry and academia in vision care, VR and AR domains. This period allowed us to gather invaluable feedback concerning the performance and application of the light-field headsets we've developed. Simultaneously, we took the opportunity to refine our go-to-market strategy, meticulously updating our entire business plan and investor materials, essential for our upcoming Series B investment round.
Our communication efforts were not overlooked either. We proactively raised awareness about the prevalent issue we are addressing – the "VAC" (Visual Accommodation Conflict) and its impact on VR/AR experiences. Additionally, we highlighted the distinctive advantages of our solution through a variety of informative materials and engaging lectures. This strategy aimed to ensure that our innovation and its benefits were clearly conveyed to a wider audience.
In summary, our project journey has been marked by notable achievements on both the technical and business fronts. Despite challenges, our unwavering commitment, adaptability, and dedication to our goals have positioned us for success as we continue to forge ahead.
