During Qualcomm's 2017 Consumer Electronics Show press conference, Osterhout Design Group presented a new pair of smart sunglasses that runs on the Android platform and uses Qualcomm's new Snapdragon 835 chipset.

Before the CES announcement, Osterhout Design Group was able to raise $58 million as part of the company's expansion plan. The company is working on the development of smart glasses that combines new technologies with augmented reality.

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At CES, Osterhout Design Group unveiled the R-8 and R-9 smart sunglasses. The company said that the R-8 is designed for consumer use. On the other hand, the R-9 which offers a 50-degree field of vision and can run special applications. It is geared to attract business-oriented users, according to ZDNet.

Probably the most interesting feature of the two smart sunglasses is their unique ability to run augmented reality programs as well as virtual reality. The sunglasses are fully functional computers. They can take photos, stream live videos, and even check emails with them.

Many tech analysts consider the augmented reality field to be still in its infancy. Which is why many startups and even major companies are pouring resources into this field to edge out the competition.

In a statement acquired by CNet, Osterhout chief executive officer Ralph Osterhout said, "This is so much bigger than just a device, it's about a whole new computing medium that will transform how we interact and discover information and engage with people and object in the world around us."

Osterhout Design Group's smart sunglasses are not cheap. The R-9 will costs $1,799 once it hits the market sometime in the second quarter of the year. On the other hand, Osterhout Design Group is planning to release a developer version of the R-8 in the second half of the year. The developer version of the R-8 will cost $1,000.