Mailing the story:

Project Tango was announced yesterday by Google and Motorola’s Advanced Research and Projects” (ATAP) group, which Google will retain when it sells Motorola Mobility to Lenovo. The 5-inch Project Tango smartphone prototype augments a basic Android phone with a pair of Myriad 1 vision co-processors from Movidius. It also integrates a variety of sensors, including a compass, gyros, and Kinect-like 3D visual sensors for integrated depth sensing and motion tracking.