July 13, 2014 3:23 PM ET

Electronic Equipment, Instruments and Components

Company Overview of Leap Motion

Company Overview

Leap Motion develops motion-control hardware and software. Leap Motion was formerly known as OcuSpec Inc. and changed its name in May 2012. Leap Motion was founded in 2010 and is based in San Francisco, California.

333 Bryant Street

Suite LL 150

San Francisco, CA 94107

United States

Founded in 2010

Phone:

954-234-6321

Key Executives for Leap Motion

Founder and Chief Executive Officer
President and Chief Operating Officer
Age: 45
Senior Vice President of Business Development and General Counsel
Age: 47
Vice President of Product Marketing
Compensation as of Fiscal Year 2014.

Leap Motion Key Developments

Leap Motion Begins Major Expansion into Japanese Market with Exclusive BB Softservice Corp. Partnership

Leap Motion and BB Softservice Corp. announced a broad partnership that greatly extends Leap Motion's presence in the global marketplace by leveraging SoftBank Group's multi-channel reach as a telecommunications and internet corporation. Leap Motion's technology makes it possible for people to use finger and hand movements in the air to play, create and explore in more natural and dynamic ways on computers and other devices. Japan represents a key market for Leap Motion. The partnership between Leap Motion and BB Softservice includes three tiers, exclusive Japanese retail distribution- Through the strategic partnership, BB Softservice will act as Leap Motion's exclusive Japanese retail and online distributor. BB Softservice will distribute the Leap Motion Controller through SoftBank BB into its authorized network of leading retailers and online resellers throughout Japan and provide translated materials. For the Japanese launch, Leap Motion created a special Japanese localized version of its software and initially will be sold through Amazon Japan with plans to expand into additional retailers throughout 2014. The Leap Motion Controller has gained momentum not only in consumer markets, but in enterprise markets as well. BB Softservice will leverage the various business and communication channels of SoftBank Group to bring the Leap Motion Controller to a wide range of businesses. BB Softservice will collaborate closely with Leap Motion to expand OEM business opportunities for PC, Mobile, and Gaming markets. This partnership will also help attract an even broader range of Japanese developers to make dedicated apps for the Leap Motion platform.

Leap Motion Unveils Free Form, a 3D Sculpting App, and Previews New Gesture Tracking Software

Leap Motion is taking the next step in improving its gesture-controlled design technology. The company launched a new app called Free Form in its Airspace app marketplace that allows anyone to create objects in 3D easily (think Play-Doh). It is also pulling back the curtain on its next-generation tracking system, opening it to developers in a private invite-only stage. Since its launch three months ago, Leap Motion has seen some impressive bumps in traction. The company announced that its 3D gesture controller is now in 2,500 stores in 25 countries and will soon name some retail partnerships. It also recently signed a deal with HP to integrate its technology into the Envy 17 laptop.

Leap Motion Sees Launch Delayed Until July

Leap Motion announced that it will delay initial shipments of its 3D motion controller from May until July 22, 2013. As a result, Leap will conduct a beta test starting in June with the 12,000 developers who already have the device, as well as a small group of non-developers. They will gain access to the feature complete product including OS interaction. The company introduced the 3-by-1-inch controller in May 2012, and it quickly garnered interest from more than 60,000 global developers. It includes a 150-degree field of view and the ability to track individual hands and all 10 fingers at up to 290 frames per second. Customers credit cards won't be charged until the device ships.

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