Complex sentence: On Oculus' 3rd annual conference (Oculus Connect 3), it announced the new technology, called "Asynchronous Spacewarp (ASW)" that allows the Rift to compensate for the dropped frames.
Split into simpler sentences: On Oculus' 3rd annual conference (Oculus Connect 3), it announced the new technology, called "Asynchronous Spacewarp (ASW)". This technology allows the Rift to compensate for the dropped frames.