Southern Ohio to be next hot spot for virtual reality technology
COLUMBUS, Ohio — A southern Ohio company’s real-time motion-capturing sensors soon will show up in multiple video game systems as virtual reality products start to explode in the consumer electronics market. The sensors are already being used to help pilot military drones and have applications for robotics, physical therapy devices and self-driving cars.
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Fast-growing Yost Labs Inc. envisions its technology not only making it a major employer in its home city Portsmouth, but an epicenter attracting new companies and jobs to Appalachian Ohio.
“People are surprised that we’re in southern Ohio,” CEO Greg Merril said. “Part of our mission is for people not to be surprised.”
Yost Labs, formerly YEI Technology, expects to double revenue this year over last year – when it turned profitable – after four consecutive years averaging 40 percent growth. It does not release actual sales figures.
Photo courtesy of Yost Labs/YEI Technology
Source: Upstart Business Journal