French company Optinvent has teamed up with a Japanese manufacturer to introduce a more affordable brand of HMD (head mounted display) called the Clear Vu. The group cites cheaper lens materials as a major factor in their ability to offer a more affordable solution to consumers.

Once the device is available for commercial purchase it is expected to be used for everything from portable movie viewing, gaming, and augmented reality visualizations native to the iPhone. The Clear Vu is scheduled to hit the market at somewhere under $200 during the second half of 2010.

Via Nikkei