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TheStreet Open House

SanDisk Invests In Pebbles Interfaces

Stocks in this article: SNDK

SanDisk Corporation (NASDAQ: SNDK), a global leader in flash memory storage solutions, today announced that its strategic investment arm, SanDisk Ventures, has invested in Pebbles Interfaces. Pebbles, based in Israel, develops hardware and software that provides simple and intuitive 3D gesture interaction with computing, communications and consumer electronics devices.

The investment extends SanDisk’s involvement in an industry that potentially provides a look into the future of human-machine interaction. In the same way that using touch as an interface enabled the creation of tablet computing and a whole new generation of smartphones, gesture-based interfaces hold great promise for revolutionizing the user experience.

“The technology being developed by Pebbles Interfaces has the potential to become a key element in how people interact with their digital devices in the future,” said Sumit Sadana, executive vice president and chief strategy officer, SanDisk. “We believe that human gestures and human interaction have the potential to unleash exciting new applications and product categories, which in turn, will drive increased demand for flash memory solutions.”

Pebbles extends human gestures into the digital world by providing high-resolution 3D gesture control at minimal cost, computing power and latency. The company’s technology enables smartphones, wearable computing devices, smart TVs and other gear to be controlled by human gestures. As a result, SanDisk and Pebbles believe the technology may drive new use cases and applications that will consume more flash memory-based storage.

“We are extremely happy to have SanDisk as an investor – bringing us their vast knowledge of OEM markets, next generation devices and intellectual property strategies,” said Emil Alon, chief executive officer, Pebbles Interfaces. “In line with our vision to naturally interact with everything, our gesture technology enables smartphones, PCs, smart TVs and other devices to be controlled by natural and intuitive human gestures. We believe our technology will revolutionize the way people interface with devices.”

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