STOCK TITAN

Global Retailer Expands Its Use of Vuzix Smart Glasses to Support Its Warehousing Operations

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Vuzix , a leading supplier of smart glasses and AR technology, expands its partnership with a Fortune 100 global retailer to support warehousing operations globally. The retailer has placed additional orders for Vuzix M400 smart glasses, showcasing the growing adoption of smart glasses in workforce digitization and supply chain management.
Vuzix, un fornitore leader di occhiali intelligenti e tecnologia AR, amplia la sua collaborazione con un rivenditore globale Fortune 100 per supportare le operazioni di magazzino a livello mondiale. Il rivenditore ha effettuato ulteriori ordini per gli occhiali intelligenti Vuzix M400, dimostrando l'adozione crescente degli occhiali intelligenti nella digitalizzazione della forza lavoro e nella gestione della catena di approvvigionamento.
Vuzix, un proveedor líder de gafas inteligentes y tecnología AR, expande su asociación con un minorista global Fortune 100 para apoyar las operaciones de almacenamiento en todo el mundo. El minorista ha realizado pedidos adicionales de las gafas inteligentes Vuzix M400, mostrando la adopción creciente de las gafas inteligentes en la digitalización de la fuerza laboral y la gestión de la cadena de suministro.
스마트 글라스 및 AR 기술의 선두 공급업체인 Vuzix가 글로벌 Fortune 100 소매업체와의 파트너십을 확장하여 전 세계 창고 운영을 지원합니다. 이 소매업체는 Vuzix M400 스마트 글라스에 대한 추가 주문을 하여 스마트 글라스의 인력 디지털화 및 공급 체인 관리에서의 증가하는 채택을 보여주었습니다.
Vuzix, un fournisseur leader de lunettes intelligentes et de technologie AR, étend son partenariat avec un détaillant mondial du Fortune 100 pour soutenir les opérations d'entreposage à l'échelle mondiale. Le détaillant a passé des commandes supplémentaires pour les lunettes intelligentes Vuzix M400, illustrant l'adoption croissante des lunettes intelligentes dans la numérisation de la main-d'œuvre et la gestion de la chaîne d'approvisionnement.
Vuzix, ein führender Anbieter von Smart Glasses und AR-Technologie, erweitert seine Partnerschaft mit einem globalen Einzelhändler der Fortune 100, um weltweit Lagerbetriebe zu unterstützen. Der Einzelhändler hat zusätzliche Bestellungen für die Vuzix M400 Smart Glasses aufgegeben, was die zunehmende Übernahme von Smart Glasses in der Digitalisierung der Belegschaft und im Supply-Chain-Management zeigt.
Positive
  • None.
Negative
  • None.

-     Expansion increases enterprise penetration for Vuzix as industry leader in tools for improved warehousing solutions

ROCHESTER, N.Y., April 23, 2024 /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 the Company has received additional orders for Vuzix M400™ smart glasses from a Fortune 100 global retailer to primarily support the warehousing and logistics needs of this customer. Vuzix smart glasses are now being used in multiple locations globally including the US, Canada, Mexico and throughout EMEA, and this customer continues to expand across an increasing number of their company locations since the start of 2024.

"Vuzix has been working with this customer for some time to support the development of the solution, and we're excited to have moved well beyond the proof-of-concept stage into a broader rollout. This deployment is a strong confirmation that smart glasses are coming into their own as a strategic tool for workforce digitization and supply chain management," said Paul Travers, President and Chief Executive Officer at Vuzix.

About Vuzix Corporation

Vuzix is a leading designer, manufacturer and marketer of Smart Glasses and Augmented Reality (AR) technologies and products for the enterprise, medical, defense and consumer markets. The Company's products include head-mounted smart personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality, as well OEM waveguide optical components and display engines. Vuzix holds more than 375 patents and patents pending and numerous IP licenses in the fields of optics, head-mounted displays, and augmented reality Video Eyewear field. Moviynt, an SAP Certified ERP SaaS logistics solution provider, is a Vuzix wholly owned subsidiary. The Company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2024 and several wireless technology innovation awards among others. Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in: Rochester, NY; Munich, Germany; and Kyoto and Tokyo, Japan.  For more information, visit the Vuzix website, Twitter and Facebook pages.

Forward-Looking Statements Disclaimer

Certain statements contained in this news release are "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Forward-looking statements contained in this release relate to Vuzix Smart Glasses, the continued expansion of its smart glasses business with this and other global retailers, their success in deployment, future sales, continued deployments, and their timing, and among other things the Company's leadership in the Smart Glasses and AR display industry. They are generally identified by words such as "believes," "may," "expects," "anticipates," "should" and similar expressions. Readers should not place undue reliance on such forward-looking statements, which are based upon the Company's beliefs and assumptions as of the date of this release. The Company's actual results could differ materially due to risk factors and other items described in more detail in the "Risk Factors" section of the Company's Annual Reports and MD&A filed with the United States Securities and Exchange Commission and applicable Canadian securities regulators (copies of which may be obtained at www.sedar.com or www.sec.gov). Subsequent events and developments may cause these forward-looking statements to change. The Company specifically disclaims any obligation or intention to update or revise these forward-looking statements as a result of changed events or circumstances that occur after the date of this release, except as required by applicable law.

Vuzix Media and Investor Relations Contact:

Ed McGregor, Director of Investor Relations,
Vuzix Corporation
ed_mcgregor@vuzix.com  
Tel: (585) 359-5985

Vuzix Corporation, 25 Hendrix Road, West Henrietta, NY 14586 USA,
Investor Information – IR@vuzix.com  www.vuzix.com

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/global-retailer-expands-its-use-of-vuzix-smart-glasses-to-support-its-warehousing-operations-302124895.html

SOURCE Vuzix Corporation

FAQ

What type of smart glasses did the Fortune 100 global retailer order from Vuzix?

The Fortune 100 global retailer ordered Vuzix M400 smart glasses from Vuzix.

Where are the Vuzix smart glasses being used by the global retailer?

The Vuzix smart glasses are being used in multiple locations globally, including the US, Canada, Mexico, and throughout EMEA.

What is the significance of the expansion of Vuzix smart glasses for the global retailer?

The expansion of Vuzix smart glasses signifies a strategic tool for workforce digitization and supply chain management for the global retailer.

Who is the President and Chief Executive Officer at Vuzix?

Paul Travers is the President and Chief Executive Officer at Vuzix.

Vuzix Corporation

NASDAQ:VUZI

VUZI Rankings

VUZI Latest News

VUZI Stock Data

280.56M
60.79M
17.42%
13.64%
14.99%
Consumer Electronics
Radio & Tv Broadcasting & Communications Equipment
Link
United States of America
WEST HENRIETTA