US Orange Inc. has engaged legal and financial advisors as it prepares for a potential Nasdaq IPO, while advancing plans to commercialize artificial intelligence-powered extended reality (XR) glasses.
The company, known as Orange, was recently established alongside Huaxia USA Corp. by Silicon Valley inventor Darwin Hu and investment firm MAS Capital. The venture is focused on developing AI XR glasses powered by terahertz (THz)-based 6G technology.
Orange said it has appointed Winston Taylor LLP as its SEC counsel and MAS Capital as its exclusive financial advisor for a potential public offering. The company did not disclose a timeline for the proposed IPO.
The move comes as competition intensifies in the smart glasses market. Technology companies are increasingly investing in wearable devices that combine AI, augmented reality, and immersive computing experiences. XR encompasses virtual reality (VR), augmented reality (AR), and mixed reality (MR) technologies.
Aaron Tsai, Founder and Chief Capitalist of MAS Capital, said the firm is supporting Orange and Huaxia with seed and bridge financing as they pursue capital-raising initiatives.
“We are pleased to provide seed and bridge capital to Orange and Huaxia in connection with capital raising activities,” Tsai said. “With the experience of Winston Taylor and MAS Capital, we look forward to working with Orange on its potential public company aspirations.”
Orange is targeting the development of AI XR eyeglasses capable of delivering a virtual 200-inch full-color display. The company said the glasses are expected to weigh less than 35 grams and carry a target retail price of $129.
Leif Tang, Co-Founder of Orange and Vice President of MAS Capital in Taipei, said the company plans to integrate advanced display technologies with Huaxia’s ultra-high-speed 6G transceiver platform.
“We plan to introduce AI XR eyeglasses with Huaxia’s ultra high-speed 6G transceiver,” Tang said. He added that the technology could support applications in healthcare, manufacturing, education, real estate, and entertainment.
The venture draws on the experience of Darwin Hu, who has more than 30 years of experience in technology product development. Hu has filed patents covering CMOS image sensors, scanners, LED backlighting, microdisplays, metasurface optics, laser projection systems, holographic displays, terahertz transceivers, and AR/VR technologies.
Orange also plans to work with Shenzhen-based Belon Technology, an AI glasses developer led by Tsinghua University alumni. Belon currently offers smart glasses using Wi-Fi connectivity.
