SGOCO is a company that focuses on the design, distribution and brand development of displays and computer products. They announced today that they have acquired 100% of the issued share capital of Century Skyway Limited (CSL) from Full Linkage Limited.
CSL is a privately-held company incorporated in Hong Kong. It is primarily engaged in the research and development of VR equipment and technology. Its development center and major researchers are located in Shenzhen, China. CSL's R&D team has extensive experience and expertise related to VR. According to Xiaobian, they learned that they have collaborated with Razer to develop the open source virtual reality product OSVR.
CSL mainly develops VR technology and applies it to VR devices, and their technology for VR headsets can reduce the number of cables required for VR signal/data link between the head-display and the source unit. In addition, CSL also uses ultrasound to calibrate VR devices.
Xie Shibin, executive director of Shanghai Science and Technology, said to the acquisition: “In order to rapidly develop our core products, we are increasing our investment in new information technologies. We believe this acquisition will accelerate our transition from traditional computer and tablet companies. To new information technology, 3D and virtual reality technology companies, we are pleased with the new business opportunities brought about by this acquisition, which will help us create additional revenue and ultimately contribute to the sustainable profitability of the company."
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