The Live Time Closed Captioning System (LTCCS) is a new augmented reality display system that's notable in a number of ways, most interesting being the fact that it has been essentially developed by a group of New York City teenagers. The high-performing group was led by Daniil Frants, famous for interning at the MIT Media Lab when he was only 14 years of age.
This augmented reality display system comprises a trio of components -- a compact microphone that is clipped onto the user's clothing, a tiny pocket-sized microcomputer and a Google Glass-like display. This setup is clipped onto a pair of third-party glasses that show the user the text superimposed over their view. The advantage of this system is that it minimizes the lag between words being spoken and displayed.
Ultimately, this is a highly innovative augmented reality display with even more room for improvement, which is exciting.