Taiwan's Hon Hai Precision Industry announced that the company has reached an agreement with Google to sell some of its wearable computing-related patents to the American search engine.

These patents include a head-mounted display technology, which is used to superimpose computer-generated images on a real-world view.

Hon Hai said in a statement that this kind of technology is widely applied in aviation, engineering applications, gaming devices, and training simulations. However, financial terms were not disclosed in the statement.

Since the launch of Google Project Glass in 2012, Google started a wave of wearable technologies. With Google Project Glass, users can take photos and videos, send messages or complete tasks via touch and voice instructions. By connecting the Internet via Wi-Fi, Project Glass can share the photos and videos to social networks such as Google+.

Hon Hai is the parent company of Foxconn, the original equipment manufacturer in China for items such as Apple's iPhone.