The company plans to unveil the product -- dubbed Ultra-D -- at CES 2012. Using a combination of custom hardware and carefully crafted algorithms, Ultra-D could essentially vanquish the remaining roadblocks for 3D TV which has so far suffered from bulky, uncomfortable glasses and a lack of content.

"Our ultimate goal was to create a solution that addresses existing concerns impeding the adoption of 3D—consumer aversion to expensive glasses, viewer discomfort, variance in individual vision and preference and the slow creation of 3D content,” said CEO Mathu Rajan.