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NEW TECHNOLOGY INTEREST

HUD glasses

What are HUD glasses?

Heads up display (HUD) glasses overlay digital information, such as navigation, messages, live captions and translations, directly into the wearer's field of view, without blocking natural sight. The category moved from concept to shipping consumer product in late 2025, when Meta launched its Ray-Ban Display glasses: a 600×600 pixel full colour display running at 90Hz with up to 5,000 nits of brightness, controlled by a wrist worn neural band.

Why we're looking at it

Our wholly owned Cogenic already brings laser optical engineering expertise, and HUD glasses sit inside Cogenic as the application of that capability to wearable display technology.

Energy Technologies ASX: EGY
100% owned

Bambach Wire and Cables

Strategic stake

Dulhunty Poles

100% owned

Cogenic

New interest

HUD Glasses

THE MARKET

One optical engine, five markets that need light.

We start with smart glasses because that is where demand is loudest today. The same technology carries into defence, aerospace, automotive and lifestyle.

US$4.87b Smart glasses market size, 2024
7.83% Forecast CAGR through to 2035
>US$11b Projected AR hardware market by 2030, at 38.2% CAGR

Extended reality

Consumer and professional AR and VR headsets and glasses

Defence

Helmet and weapon sights where brightness and focus decide the outcome

Aerospace

Cockpit heads up displays and pilot mounted symbology

Automotive

Windscreen displays and compact MEMS LiDAR for navigation

Lifestyle

Portable projection with theatre quality visuals on any surface

Sources: Laser Scanner Market Size, Share Report and Trends 2035, Market Research Future. Augmented Reality Market Size, Share & Trends Report 2030, Grand View Research. Market forecasts are third party estimates and are not a forecast of the company's performance.

WHAT WE ACQUIRED

Fourteen patents, no royalties owed

Cogenic purchased the laser optical engineering IP assets of Maradin Limited outright, and brought the people who built them.

14Patents in laser optic engineering
100%Owned by Energy Technologies through Cogenic
2DMEMS scanning mirror, controller and timing algorithm

The full stack

MEMS chips for optical laser scanning, the controller that drives them, and the video controller that manages the data with AI assisted algorithms. A complete architecture rather than a component.

The team came too

The former Maradin R&D team is engaged and ready to progress the technology. Matan Naftali, Maradin's CEO, takes the CEO role at Cogenic.

Defensible ground

A robust patent position in laser beam scanning carries strategic blocking value in a field where the IP landscape decides who can build what.

THE TECHNOLOGY

Laser Beam Scanning, in three moves

No screen. A pinhead sized mirror paints the picture straight onto your eye.

01

Three lasers

Red, green and blue diodes the size of a grain of rice produce every colour in the image.

02

One MEMS mirror

A silicon mirror tilts on two axes tens of thousands of times a second, sweeping the beam pixel by pixel.

03

Straight to the retina

The image forms on the eye itself, so it stays sharp at any distance. There is no focal plane to miss.

The Maradin scanner module, now ours
Mirror, driver and timing algorithm as one system

WHY LASER BEAM SCANNING

Six things a panel based display cannot do

70%

Laser power savings available through our patented software control, which means longer battery life

∞

Always in focus. The image forms on the retina, so there is no focal plane to chase

RGB

Full colour on any surface, in daylight, without a backlight to power

3D

Natural depth perception rather than a flat plane floating in front of the eye

◇

Non rectangular display shapes, so the optics fit the frame instead of the frame fitting a rectangle

px

Dynamic pixel density, optimised in real time where the eye is actually looking

Legible across a room, in a lit hall, straight through the lens

The architecture is compatible with waveguide displays, and the software driven design adapts across performance levels, form factors and applications.

WHERE IT STANDS

Two technologies, two timelines

READY NOW

Ultra near eye technology

MEMS optical laser scanning with its controller and video stack. Prototype stage is complete and the platform is ready to launch into the extended reality market, starting with smart glasses.

ConceptPrototypeMarket
  • Production ready architecture, shortening partner development cycles
  • Short term focus on smart glasses
  • Medium term applications in defence, aerospace and automotive
IN DEVELOPMENT

Digital Retina Display

The next step beyond near eye optics, projecting directly onto the retina. Now at pre prototype stage, developed in the United States with Amalgamated Vision. We expect around two years of work before it is market ready.

ConceptPrototypeMarket
  • Compatible with waveguide displays, widening who can adopt it
  • Flexible architecture across performance levels and form factors
  • Targeting aerospace, defence, AR, VR and lifestyle