CyberGlove Systems LLC, the world’s leading provider of 3D motion-capture data gloves and haptic feedback solutions for virtual reality applications, today announced that the Board of Directors has hired Cerca Trova Advisors to review strategic options available to the company, including a potential sale of the business.
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CyberGlove III Mo-Cap Glove (Photo: Business Wire)
The market for virtual and augmented reality solutions is developing rapidly with major new product introductions such as the Oculus Rift, Microsoft HoloLens, Samsung Gear VR, Sony PlayStation VR, and Magic Leap, among others, and 3D input technologies will be a key component in realizing the potential of this burgeoning market.
“As one of the pioneers in the market and the only company with both data glove and haptic feedback solutions, our company has caught the attention of companies looking for high-end technology that does not suffer from the same drawbacks as optical and inertial sensors,” commented Faisal Yazadi, CEO of CyberGlove Systems. “We have been approached by a number of large motion capture and virtual reality companies that are interested in our technology, thus we believe now is the time to formalize a strategic process.”
“We are excited to be working with our advisors in investigating and evaluating the numerous opportunities the company has in front of them,” explained Mark Schelbert, Chairman of CyberGlove Systems. “We have the most accurate hand motion capture solution available in the marketplace and significant technology and software assets that lend themselves to a variety of strategic options with a number of potential partners.”
CyberGlove expects to conclude its strategic review within the next six months. Cerca Trova Advisors is serving as the company’s financial advisor in connection with these matters.
About CyberGlove
CyberGlove Systems is a privately held company located in San Jose, California. CyberGlove was an early pioneer in data glove and haptic feedback technology, providing advanced solutions that enable users to capture hand and finger motion and manipulate objects in virtual reality. Today, the CyberGlove product family includes four data glove hardware products and the VirtualHand Software Development Kit (SDK). For more information, visit: www.cyberglovesystems.com.
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