Tailor Insight, the fintech market research organization, recently released a research report “Microsoft has won a $21.9 billion contract to make U.S. Army AR headsets positive for related stocks like WIMI.” Recently, Microsoft won a contract for more than 120,000 custom HoloLens AR helmets for the U.S. Military. A Microsoft spokesman said the contract could be worth as much as $21.9 billion over a 10-year period.
Microsoft’s shares rose soon after the news was announced. Intevac, a supplier to Microsoft, pulled sharply higher and briefly hit a circuit breaker. Microsoft closed 1.69 percent higher at $235.77. Intevac rose 31.68 percent to $7.15.
The standard version of HoloLens, which costs $3,500, allows people to see a hologram across the actual environment and interact with it with hand and voice gestures. “The HoloLens-based IVAS headset, enhanced by Microsoft Azure Cloud Services, provides a platform to make soldiers safer, provide improved situational awareness, and enable information and decision sharing in different scenarios,” Microsoft technology researcher Alex Kipman wrote in an earlier blog post.
The helmet allows soldiers to conduct combat, exercises and training in one system, the army said in a statement. The military and Pentagon did not immediately respond to requests for comment.
Chinese shares WIMI and MVIS, in particular, which focus on holographic cloud computer vision services, both rose higher than Microsoft’s announcement, with traders attributing their moves to the news. Last year, Microsoft dispelled rumors that MVIS could be bought by Microsoft’s HoloLens.
Public information shows, WiMi Hologram Cloud, Inc. Whose commercial activities began in 2015, is a holographic cloud provider of comprehensive technical solutions that focuses on professional fields including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic navigation, and more. Services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies.