Abingdon UK, 29 April 2019 – His Royal Highness The Duke of York, KG has opened the new international head office of WaveOptics at Milton Park in Abingdon, Oxfordshire, UK.
WaveOptics is the leading designer and manufacturer of diffractive waveguides for use in Augmented Reality (AR) wearables. Its technology is designed to be used for immersive AR experiences in industrial, enterprise and consumer markets around the world.
The Duke first met WaveOptics when the business took part in Pitch@Palace 6.0 in 2016. Pitch@Palace was founded by HRH in 2014 as a platform to amplify and accelerate the work of entrepreneurs.
Since presenting at Pitch@Palace, WaveOptics has grown from just under 15 employees to more than 70 employees around the world.
Speaking at the event, His Royal Highness The Duke of York, said:
“When I first saw WaveOptics come through Pitch@Palace 6.0 in 2016 I was very impressed, and I am equally impressed today. You are an excellent example of how to turn a great idea into a commercial product, working to provide solutions that are needed today.
“It is a great pleasure to be here and thank you for becoming part of the Pitch@Palace family. We will stand by you and hope to be able to help you as you progress and succeed in the future. You are at the cusp of a very exciting time.”
David Hayes, CEO at WaveOptics, commented:
“It is a privilege to welcome HRH The Duke of York to our new purpose built, state of the art offices. From his first meeting with WaveOptics at Pitch@Palace 6.0 he has shown a great interest in our business and category defining technology.
“Today provides a great opportunity to update The Duke on the significant progress we have made and our pride in being a member of the Pitch@Palace family.
“We recently raised £20m funding to scale our business both nationally and internationally and secured a number of leading global strategic partners. The decision to move to a larger office is a logical step in our expansion strategy and a reflection of our rapid growth.
“These new offices will provide the space for us to continue to invest in R&D to support our rapid international development.”
The business has also recently expanded internationally, with offices across the UK, US and Asia.
The new office is located at the leading business and science park, Milton Park. The new office will include R&D facilities, office space as well as a dedicated customer area and represents an expansion of more than 250% since WaveOptics first moved to the park in 2015.
WaveOptics is the world’s leading designer and manufacturer of diffractive waveguides, the key optical component in wearable augmented reality (AR) devices.
AR wearables, such as smart glasses, enable users to see computer-generated images overlaid on top of the real world. There are two key elements that allow these images to be seen – a light source such as a minute projector and a means of transferring the image from the projector into the user’s eyes.
WaveOptics’ waveguide technology transfers the light waves from the light source and projects them into the user’s eye. The technology produces a large eye-box, binocular viewing and a high field of view. The eye-box (the viewing window) is the size of the AR display from which the full image is visible. WaveOptics’ waveguides deliver crisp, undistorted text as well as stable imagery.
WaveOptics technology is designed to be used for immersive AR experiences in Industrial, enterprise and consumer markets. The Company aims for its waveguides to be the core optical component used in all AR wearable devices, driven by its unique technology and expertise, which enable unparalleled manufacturing scalability and visual performance as well as versatility for numerous applications.