VUZIX


Associated tags: Smartglasses, IP, Software as a service, Augmented reality, Consumer Electronics Show, Wireless, CES, Vuzix, AR

Locations: EUROPE, UNITED STATES, NEVADA, GERMANY, CALIFORNIA, USA, TX, NV, MICHIGAN, SPAIN, EU, INDIA, SCOTLAND, NORTH AMERICA, PENNSYLVANIA, NORWAY, AF, NEW YORK, AR, CANADA, CORNERSTONE

Vuzix New State-of-the-Art Manufacturing Plant for Optical Waveguides Opens

Retrieved on: 
Tuesday, September 26, 2023

ROCHESTER, N.Y., Sept. 26, 2023 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, today announced that it has certified and commenced sampling waveguides for both in-house and OEM programs at its new state-of-the-art mega manufacturing facility, meeting the Company's timeline objectives. Initial waveguides are targeted for use in products based on the Company's Ultralite OEM PlatformSM.

Key Points: 
  • Initial waveguides are targeted for use in products based on the Company's Ultralite OEM PlatformSM.
  • This production facility is located adjacent to the Company's headquarters and currently encompasses 12,000 square feet of primarily class 1K and class 10K clean rooms.
  • Vuzix has the option to lease the building's remaining 27,000 square feet when increased product demand warrants it.
  • This unique waveguide manufacturing facility enables not only the anticipated multi-billion-dollar augmented reality smart glasses market but other large markets like heads-up displays for in-vehicle use cases and more.

Zoom X Running on Vuzix Smart Glasses Highlights 5G Solutions at Deutsche Telekom's Digital X 2023 Exhibition

Retrieved on: 
Wednesday, September 20, 2023

ROCHESTER, N.Y., Sept. 20, 2023 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, announced that the Company will be broadly showcasing its Vuzix M400® and Vuzix Blade 2® smart glasses at Deutsche Telekom's ("DT") Digital X 2023 exhibition, taking place September 20-21 in Cologne, Germany.

Key Points: 
  • ROCHESTER, N.Y., Sept. 20, 2023 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, announced that the Company will be broadly showcasing its Vuzix M400® and Vuzix Blade 2® smart glasses at Deutsche Telekom's ("DT") Digital X 2023 exhibition, taking place September 20-21 in Cologne, Germany.
  • Digital X is DT's leading event driving digitization in the DACH region of Europe.
  • Vuzix is proud to return to Digital X as the exclusive Zoom X-compatible AR technology platform of choice.
  • Attendees will experience how smart glasses enable never-before-seen levels of business collaboration using the Zoom X platform, connecting workers with real-world solutions with the speed of 5G.

Vuzix Signs Distribution Agreement with PDC and Receives Initial Volume Smart Glasses Order

Retrieved on: 
Wednesday, September 6, 2023

Vuzix has received and shipped against an initial volume purchase order from PDC, who will distribute and support Vuzix smart glasses products to its customers across Africa.

Key Points: 
  • Vuzix has received and shipped against an initial volume purchase order from PDC, who will distribute and support Vuzix smart glasses products to its customers across Africa.
  • PDC provides market coverage across Africa, with a product breadth that meets a diverse set of customer requirements.
  • PDC distributes products specifically to key vertical markets including automotive, warehousing and supply-chain, transportation and logistics, networking, healthcare, food and beverage and retail.
  • "PDC is very excited about our partnership with Vuzix as we know the use of smart glasses has transformed the market for wearable smart technology," said Frikkie Koegelenberg, Executive at PDC.

Vuzix Reports Q2-2023 Operating Results Driven by Record Smart Glasses Sales

Retrieved on: 
Tuesday, August 8, 2023

ROCHESTER, N.Y., Aug. 8, 2023 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI) ("Vuzix" or the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technologies and products, today reported its second quarter results for the three months ended June 30, 2023.

Key Points: 
  • The increase in total revenues was primarily due to higher product sales and specifically, significantly higher unit sales of our M400 smart glasses.
  • Engineering services revenues for the three months ended June 30, 2023 were $0.3 million versus $0.1 million in the prior comparable period.
  • This improvement was due to significantly higher product sales which enabled greater absorption of fixed manufacturing overhead.
  • "Although we are less than halfway through Q3, we are currently expecting another strong quarter that should result in robust year-over-year growth in smart glasses products and solution sales in Q3.

Vuzix Schedules Conference Call to Discuss Second Quarter 2023 Financial Results, Business Update and Record Smart Glasses Sales

Retrieved on: 
Monday, July 24, 2023

ROCHESTER, N.Y., July 24, 2023 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, is pleased to announce that the Company will host a conference call regarding its second quarter 2023 operating results at 4:30 PM Eastern Time (ET), August 8, 2023.

Key Points: 
  • ROCHESTER, N.Y., July 24, 2023 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, is pleased to announce that the Company will host a conference call regarding its second quarter 2023 operating results at 4:30 PM Eastern Time (ET), August 8, 2023.
  • To join the live conference call, please dial 877-709-8150 (U.S. and Canadian callers) or 201-689-8354 (international callers outside of the U.S. and Canada) 10 to 15 minutes prior to the scheduled call time.
  • The link will become active approximately 15 minutes prior to the start of the conference call.
  • Telephonic and webcast replays will be available for 30 days starting on August 8, 2023 at approximately 5:30 PM (ET).

Vuzix Receives OEM Order from Client Enabling Imaging Technology Solutions for Government, Defense and Commercial Markets

Retrieved on: 
Monday, July 10, 2023

This order, which represents the first Vuzix has received thus far from this company, is for waveguides and optical engines that are intended to be designed into a customized head mounted display solution for multi-discipline applications.

Key Points: 
  • This order, which represents the first Vuzix has received thus far from this company, is for waveguides and optical engines that are intended to be designed into a customized head mounted display solution for multi-discipline applications.
  • "Our list of OEM engagements continues to steadily expand as more customers turn to Vuzix as their supplier of choice," said Paul Travers, President and Chief Executive Officer at Vuzix.
  • "For defense and commercial aerospace in particular, there is a significant need for advanced see-through display technologies.
  • Vuzix remains in a unique position to deliver to clients in these markets, as we're the leading-edge US-based designer and manufacturer of waveguides and related display technologies.

Vuzix and TeamViewer to Host Enterprise AR Adoption Webinar on June 28th

Retrieved on: 
Monday, June 26, 2023

ROCHESTER, N.Y., June 26, 2023 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, will be hosting an upcoming webinar with partner TeamViewer, a leading global provider of remote connectivity and workplace digitalization solutions. The June 28th event, conducted by Karl Dahlin, Head of Strategic Partnerships at Vuzix and Thomas Strimbu, Strategic Alliances Manager at TeamViewer, will focus on the challenges and solutions involved with broadly deploying augmented reality solutions within an organization.

Key Points: 
  • Webinar title: "Accelerate AR Adoption for your Frontline Workers: Five Easy Steps to Evaluate and Deploy AR Solutions"
    ROCHESTER, N.Y., June 26, 2023 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, will be hosting an upcoming webinar with partner TeamViewer, a leading global provider of remote connectivity and workplace digitalization solutions.
  • Industry statistics show a reasonable number of AR pilots struggle to make it through to commercial deployment, stuck in "Pilot Purgatory".
  • This webinar will examine why AR projects fail and explain five easy steps customers can take to speed up evaluation, onboarding and adoption to make AR deployments successful.
  • "Having the right software and hardware combination from firms like Vuzix and TeamViewer is just half the battle.

Vuzix Releases New Report Confirming the Benefits from Increasing Usage and Interest for AR Smart Glasses Among Surgeons

Retrieved on: 
Tuesday, June 20, 2023

ROCHESTER, N.Y., June 20, 2023 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, today released a new report which points to expanding medical use of AR smart glasses by quantifying the increasing interest among U.S. surgeons in adopting such devices for their practices. Conducted by third-party research firm Censuswide, the report features insight from over 500 surgeons across the United States and highlights the immense potential of AR wearables within the operating room and beyond.

Key Points: 
  • Specific benefits highlighted by the study include:
    50% of surgeons have already been exposed to some form of training with AR smart glasses and admit its potential benefits over traditional methods.
  • 49% agreed that AR smart glasses could effectively reduce complications and fatalities in operating rooms caused by human error.
  • 44% of surgeons emphasized the ability of AR smart glasses to provide access to in-depth information within their field of view, including 3D anatomical images, models, real-time medical references, and patient information.
  • 41% acknowledged the potential of these smart glasses in creating lower-risk surgical environments by minimizing unnecessary entry and exit from the operating room.

Vuzix Will Provide Business Update, Discuss Revenue Growth Opportunities and Operational Focus at Annual Shareholder Meeting

Retrieved on: 
Thursday, June 15, 2023

Following the formal portion of the meeting, presentations will be given by Vuzix founder and CEO Paul Travers, COO Pete Jameson and Head of OEM Business Head Mike Lee.

Key Points: 
  • Following the formal portion of the meeting, presentations will be given by Vuzix founder and CEO Paul Travers, COO Pete Jameson and Head of OEM Business Head Mike Lee.
  • This event marks the first time Vuzix has opened its Rochester HQ doors to invited guests since June 2019.
  • During the business update portion of the shareholder meeting, Vuzix will outline its path to leverage today's growth and interest in smart glasses, AR and AI technologies.
  • Mr. Travers will also provide select updates on the Company's progress in Q2 2023, including expectations of achieving record smart glasses revenue for the quarter.

Vuzix Signs Distribution Agreement with Japan-based ASK Corporation and Receives Initial Volume Smart Glasses Order

Retrieved on: 
Wednesday, June 14, 2023

Vuzix has received and is now shipping against a large volume purchase order from ASK, who will distribute Vuzix products to its customers across Japan.

Key Points: 
  • Vuzix has received and is now shipping against a large volume purchase order from ASK, who will distribute Vuzix products to its customers across Japan.
  • Enhancing Brand Presence and Market Salience: ASK will focus on strengthening the brand presence of Vuzix AR solutions in Japan.
  • ASK Corporation is fully committed to promoting Vuzix' cutting-edge AR glasses technology, fostering its adoption, and unlocking its immense potential across various industries."
  • "By combining Vuzix' world-class AR glasses technology with ASK's market expertise and distribution capabilities, this agreement will help revolutionize the way people interact with technology in Japan."