The post says the reason for the change is that Mojo hasn’t been able to keep raising money to work on its smart contact lens.
“The slumping global economy, extremely tight capital markets, and the yet-to-be proven market potential for advanced AR products have all contributed to a situation where Mojo Vision has been unable to find additional private funding,” wrote Perkins., it was clearly still far from hitting the market.
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I was actually looking forward to these lenses
Considering they don't seem to have at all addressed the elephant in the room - one of the biggest challenges - the optics needed to actually bring the display into focus - it seems almost inevitable that they would lose funding for smart contact development.