DISTANCE LAUNCH RELEASE

13 June, 2024 – Helsinki – Distance Technologies™ Oy - a pioneering developer of glasses-free eXtended Reality (XR) designed for the automotive, aerospace, and defense markets and empowering users with contextual AI – today emerged from stealth. Already showing a ‘sneak peek’ of its first commercial product, the Distance prototype transforms virtually any transparent surface into a window for extended reality. Using a computer-generated 3D light field that seamlessly mixes with the real world, Distance offers flawless per-pixel depth covering the entire field of view for maximum immersion – and is completely non-reliant on anything worn on the user’s face or body.

Distance moves next-generation 3D visual fidelity and performance into the end-user world for the first time. This performance was previously constrained primarily to headsets for the automotive design and military markets. With Distance, just look through a window or any transparent surface in your car or on a plane– and experience the next generation of mixed reality. The content is seen as completely and profoundly natural, thanks to Distance’s groundbreaking per-pixel optical depth capability. All of this is achieved without a headset, a phone, a pin, a device or glasses – just through your own eyes and all without eyestrain.

Designed for integration into automotive and advanced aeronautics systems, this technology demonstrator is currently under evaluation by several leading automotive OEMs for potential use in both windshields and windows. Meanwhile, defense contractors and aviation companies can explore the adoption of Distance technology into commercial and military cockpits and vehicles, anticipating significant enhancements. Future generations of the design are expected to open additional market opportunities.

Long considered a “Holy Grail” moment for the XR industry, glasses-free XR means that any view within a window, windshield or cockpit can now be enhanced with ANY content, data or alphanumeric information. This XR content can include a wide range of situational analyses and information unique and specific to that location or geospatial coordinate - all appearing completely natural and “in situ”. Distance technology is designed to also tie-in to a wide range of AI language models and search engines as the means to produce true “Contextual AI” and represents the next generation of XR experience available to a mainstream audience.

Shown privately to a select group of analysts, journalists and influencers at Augmented World Expo (AWE) 2024, others can watch the demo videos at www.distance.tech.

“There are very few moments in your life where you have the opportunity to “bottle lightning”. I had the privilege of doing it once as co-founder of Varjo with the first human-eye resolution XR headset and now I am beyond excited to have the opportunity to do it again with the Distance platform - and perhaps in an even more transformative way,” said Urho Konttori, CEO and co-founder of Distance Technologies.

“I have every belief that we are creating a nexus point where true Mixed Reality without headsets or glasses becomes ubiquitous and that visual AI has the potential to reach everyone on this planet.”

 "We’re honored to lead this first investment in Distance Technologies. We’ve built a strong relationship with the team and love to back experienced founders as early as possible. Distance’s vision perfectly aligns with our broader thesis for the next generation of computing, where digital blends seamlessly with the physical world," said Petri Rajahalme, Founding Partner at FOV Ventures.

 “This team is absolutely brilliant and their timing couldn’t be better as the automotive and mobility space is experiencing a true renaissance. Distance’s execution speed is already extraordinary and we have 100% confidence in their ability to revolutionize the XR industry with their groundbreaking technology. It's unlike anything we've seen before, and we're excited to support their journey to new heights,” said Ilkka Kivimäki, Founding Partner at Maki.vc

Distance has raised a total of $2.7M in an oversubscribed pre-seed round led by FOV Ventures and Maki.vc, with further investments from Business Finland and David Helgason’s Foobar.vc. More details on availability and customers for the Distance glasses-free XR solution will be released later in 2024.

About Distance Technologies:

Distance Technologies Oy (Helsinki) is pioneering the world’s first true glasses-free XR solution, made for the automotive and aerospace sectors and extending beyond. Distance can transform virtually any transparent surface into a window for extended reality with a computer-generated 3D light field that mixes with the real world, offering flawless per-pixel depth and covering the entire field of view for maximum immersion. This integration brings together the synthetic and real worlds into a seamless whole, designed to blend naturally into our daily journeys – all without the need for bulky headsets or other wearable hardware.

With its groundbreaking technology, Distance is paving the way for wider adoption of contextual AI in everyday life. Our name, Distance, reflects our mission: to inspire the world’s movement and bridge the gap between humans and technology, the present and the possible, the visible and the invisible. Learn more at https://distance.tech.