The CEO of the Italian eyewear company that makes Ray-Bans said that his company is working with Google on two new versions of its Google Glass project. Massimo Vian, one of the heads of Milan-based Luxottica, said that his team was looking to improve on the Internet-connected device, which was trumpeted as a huge technological leap forward when it was announced in 2012. However, Google stopped selling the first version and shut its pre-launch Explorer program for Google Glass earlier this year, prompting speculation about the demise of the wearable gadget before it became widely available. Massimo Vian, one of the heads of Milan-based Luxottica, said that his team was working on two new versions of Google Glass, one of which was 'in preparation' Google executive chairman Eric Schmidt later appointed a new leader for the product and said that it would be 'ready for users', according to the Wall Street Journal. 'There’s nothing about adjusting Glass that suggests we’re ending it,' he said. Vian told Luxottica shareholders that his company is 'now working on Google Glass version 2 which is in preparation'. He did not give any details about a proposed launch date for the second version. The executive has recently been to California to meet with Google's team. New versions of Google Glass, which was unveiled three years ago as a prototype available for $1,500, are thought to aim at a lower cost, longer battery life and improved sound quality. It officially offered the product to the public in 2014, though sales were low. Vian (pictured) told shareholders of his company, which makes Ray Bans, that there were 'some second thoughts' about what version three of Google Glass would be. Part of the perceived failure of the first version of the product was the mockery it generated towards 'glassholes' who wore the odd-looking gadgets. 'There are some second thoughts on how to interpret version 3' of Google Glass, Vian said, according to NDTV. Details about what the new versions will look like have not yet been released. Processor company Intel is expected to create the chip in the device.
Massimo Vian, head of Luxottica, says version two 'in preparation'
CEO said there are 'second thoughts on how to interpret version 3'
Google's wearable technology stopped selling first version this year .
Product called a failure after it was never widely available to customers .