In the looming battle of virtual reality technology, HTC and Valve Software are preparing to square off against Facebook's Oculus Rift.
At the Mobile World Congress in Barcelona, both companies announced the Vive, a virtual reality headset that will be made available to consumers later this year.
"Vive creates an exciting opportunity for all developers and content creators, to help us bring virtual reality into the mainstream…that completely redefines how we entertain ourselves, communicate with each other, learn and, eventually, how we become more productive," said HTC chairwoman Cher Wang in a statement.
Read MoreCoffee, tea or VR? In-flight entertainment goes virtual
Valve, the videogame developer and creator/operator of the industry's largest PC game digital distribution platform, announced last week that it was entering the VR space. At the time, it did not announce a partner at the time.