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The lenses currently display 720p video (a 1080p version is in the works) and can display content from devices like your iPhone through the use of a special adapter.
Lumus transparent lenses display a virtual 87-inch screen, while allowing you to see what's going on in front of you
Lumus' transparent lenses could be used to display directions
The transparent lenses display what appears to your eyes as an 87-inch screen
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