I-O Display Systems: Difference between revisions - VR & AR Wiki - Virtual Reality & Augmented Reality Wiki

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{{Company Infobox

|image=

|image=[[File:i-glasses2.jpg|350px]]

|Type= Private

|Industry= [[Virtual Reality]], [[Personal Display Systems]], [[Stereoscopic 3D]] products

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===Bankruptcy and Closure (1997)===

Despite gaining market share in the emerging VR headset market, the company faced financial difficulties as consumer VR adoption grew slower than anticipated. Co-founders Amadon and Rhoads resigned in January 1997, and Virtual i·O filed for Chapter 11 protection on March 14, reporting US$9.7 million in assets against US$21.6 million in ~~liabilities—most~~ owed to TCI and Thomson SA.<ref name="PSBJMar97"/>

Despite gaining market share in the emerging VR headset market, the company faced financial difficulties as consumer VR adoption grew slower than anticipated. Co-founders Amadon and Rhoads resigned in January 1997, and Virtual i·O filed for Chapter 11 protection on March 14, reporting US$9.7 million in assets against US$21.6 million in liabilities-most owed to TCI and Thomson SA.<ref name="PSBJMar97"/>

Annual headset returns peaked at 30 percent owing to fragile cables and dust ingress,<ref name="Tampa97">"Reality has not lived up to the promise for virtual‑reality games", Tampa Bay Times, 28 Sep 1997, https://www.tampabay.com/archive/1997/09/28/reality-has-not-lived-up-to-the-promise-for-virtual-reality-games/</ref> further complicating the company's financial position. A court-appointed turnaround team failed to secure a buyer, and operations ceased on April 30, 1997; the remaining assets reverted to TCI the following month.<ref name="PSBJMay97"/>

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Early press coverage praised the light weight (227g) and competitive price compared with the Sony Glasstron, yet criticized visible pixelation and limited software support.<ref name="Wired99">"Little Big Screen", Wired, 1 Aug 1999, https://www.wired.com/1999/08/little-big-screen</ref> Analysts at TWICE magazine cited insufficient in-store demonstrations and fragile demo units as key barriers to mainstream adoption.<ref name="PSBJMay97"/>

By late 1996, the company was shipping roughly 300 units per month, with professional and medical buyers representing 25 percent of volume.<ref name="3DOWorld"/> Despite modest early ~~sales—about~~ 30,000 units went to U.S. dentists alone for chair-side "patient distraction" video<ref name="Wired99"/>~~—revenue~~ fell short of projections, contributing to the company's financial difficulties.

By late 1996, the company was shipping roughly 300 units per month, with professional and medical buyers representing 25 percent of volume.<ref name="3DOWorld"/> Despite modest early sales-about 30,000 units went to U.S. dentists alone for chair-side "patient distraction" video<ref name="Wired99"/>-revenue fell short of projections, contributing to the company's financial difficulties.

==Legacy==

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<ref name="SistematicsFormed">"Listado de productos por marca I-O Display Systems", Sistematics.com, https://www.sistematics.com/en/i-o-display-systems-m-353.html, accessed May 7, 2025</ref>

<ref name="MindfluxSVGA">"i-O Display Systems i-glasses SVGA - Mindflux", Mindflux, https://www.mindflux.com.au/products/hardware/iglassessvga.html, accessed May 7, 2025</ref>

<ref name="VRARWiki">"I-O Display Systems - Virtual Reality, Augmented Reality Wiki - VR AR & XR Wiki", xinreality.com, https://xinreality.com/mediawiki/index.php?title=I-O_Display_Systems, accessed May 7, 2025</ref>

<ref name="Ultimate3DHeaven">"iTheater by iGlasses IO Display - Ultimate3DHeaven", Ultimate3DHeaven, https://www.ultimate3dheaven.com/itbyigiodi.html, accessed May 7, 2025</ref>

~~<ref name="CNETHRVReview">"i-O Display Systems i-glasses HRV review", CNET, October 29, 2003, https://www.cnet.com/reviews/i-o-display-systems-i-glasses-hrv-review/, accessed May 7, 2025</ref>~~

<ref name="LXDCorp">"LXD Incorporated - Wikipedia", Wikipedia, https://en.wikipedia.org/wiki/LXD_Incorporated, accessed May 7, 2025</ref>

<ref name="PatentsMenloPark">"Virtual reality system - Google Patents (see Assignee details for i-O Display systems, LLC)", Google Patents, https://patents.google.com/patent/US7224326B2/en, accessed May 7, 2025</ref>

<ref name="GooglePatents5903395A">"US5903395A - Personal visual display system - Google Patents", Google Patents, https://patents.google.com/patent/US5903395A, accessed May 7, 2025</ref>

<ref name="GooglePatents5991085A">"US5991085A - Head-mounted personal visual display apparatus with image generator and holder - Google Patents", Google Patents, https://patents.google.com/patent/US5991085A, accessed May 7, 2025</ref>