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Vuzix Corporation (NASDAQ: VUZI) is a pioneering designer, manufacturer, and marketer of Smart Glasses and Augmented Reality (AR) technologies. Founded in 1997, Vuzix has made significant strides in the enterprise, medical, defense, and consumer markets. The company's innovative products include head-mounted smart personal display and wearable computing devices, offering users a portable, high-quality viewing experience.
Headquartered in Rochester, NY, with offices in Munich, Germany; and Kyoto and Tokyo, Japan, Vuzix has a strong global presence. The company's offerings are versatile, catering to various needs such as mobility, wearable displays, and augmented reality. Vuzix also provides OEM waveguide optical components and display engines that are integral to many AR applications.
Vuzix holds over 375 patents and patents pending, underscoring its commitment to innovation. The company has been recognized for its technological advancements with numerous awards, including multiple Consumer Electronics Show (CES) Innovation Awards spanning from 2005 to 2024.
Recent achievements highlight Vuzix's expanding influence and successful partnerships. For instance, Vuzix received additional orders for its M400™ smart glasses from a prominent Fortune 100 global retailer to support warehousing and logistics. Similarly, a collaboration with TeamViewer and Nadro S.A. de C.V. in Mexico has showcased the effectiveness of Vuzix's smart glasses in improving warehouse operations.
Financially, Vuzix continues to adapt and grow. While the first quarter of 2024 saw a decrease in revenue, the company is taking measures to streamline operations and reduce costs significantly. The outlook remains positive, with Vuzix focusing on scaling up its enterprise accounts and OEM business opportunities.
Vuzix's product lineup is continually evolving. This includes the development of next-generation waveguide displays, integrated vision correction solutions, and the Vuzix Incognito technology for enhanced AR experiences. The Vuzix Ultralite OEM Platform also stands out, offering a customizable solution for various customer needs.
Moreover, Vuzix is actively involved in government contracts, such as the recent engagement with the U.S. Air Force Research Laboratory for developing advanced AR head-mounted displays.
For more information, visit the Vuzix website and follow their updates on Twitter and Facebook.
Vuzix (NASDAQ: VUZI) has developed a new micro-touch manufacturing technique for optical waveguide fabrication, enhancing production capabilities for AR smart glasses. This advancement promises better optical performance, higher yields, and increased production rates. The micro-touch imprinting process reduces substrate distortion during manufacturing, allowing for the use of more fragile materials like polymers or thinner glass.
Vuzix's state-of-the-art facility, with its class 1000 clean room environments, has been continuously improving waveguide manufacturing over the past 14 years. This latest innovation addresses a major challenge in bringing affordable AR smart glasses to broader markets. Paul Travers, President and CEO of Vuzix, highlighted the company's position as a go-to supplier for leading firms like Garmin and Quanta, emphasizing Vuzix's ability to support production rates in the millions of units annually.
Vuzix (NASDAQ: VUZI) has introduced the M400 Xtreme smart glasses, an enhanced version of their popular M400 model, designed for harsh workplace environments. The new kit features:
- Operating temperatures from -20°C to 45°C (-4°F to 113°F)
- IP67-rated Xtreme Weather power bank
- Improved battery capacity
- Comfortable headband for long shifts
Vuzix is also offering a Collaboration Package with free access to popular AR communication tools, including Vuzix Video Conferencing for Zoom. The M400 Xtreme is ideal for remote field service assignments and cold storage warehouse duty. This release addresses customer feedback and aims to meet the growing need for connectivity in challenging environments.
Vuzix (NASDAQ: VUZI), a leading supplier of smart glasses and Augmented Reality (AR) technology, has announced a conference call to discuss its second quarter 2024 financial results on August 14, 2024, at 4:30 PM Eastern Time. The call will feature CEO Paul Travers and CFO Grant Russell, who will present operational and financial highlights for the quarter ended June 30, 2024.
Investors can join the call by dialing 877-709-8150 (U.S. and Canada) or 201-689-8354 (international) or by using a provided link for instant access. A live webcast will also be available on the company's investor relations page. Replays of the call will be accessible for 30 days following the event.
Vuzix (NASDAQ: VUZI) announced that its wholly owned subsidiary, Moviynt, has received SAP certification for its Mobilium Gateway™ 3.0 solution. This certification allows Moviynt's platform to be used with SAP's S/4HANA Cloud Private Edition software, which is currently utilized by over 20,000 customers worldwide. The Mobilium platform bridges the gap between mobile devices and ERP systems, enabling rapid development of new workflows to eliminate inefficiencies and capture data across all levels of an organization.
Moviynt's solution is a multi-ERP, SAP premium certified plugin that allows customers to publish APIs and connect them to existing SAP functions. It also provides a workbench for managing work distribution, monitoring progress, and tracking exception handling. This certification assures clients that Moviynt's solutions meet SAP's rigorous technical, security, and business standards, positioning the company as a trusted partner for optimized hands-free automation in warehouses and beyond.
Leading hospitals in Asia, including Linkou Chang Gung Memorial Hospital and the First Affiliated Hospital of Dalian Medical University, are utilizing Vuzix M400 smart glasses to enhance live surgical broadcasts. These smart glasses, paired with premium medical streaming platforms, offer a 4K high-definition, first-person perspective, overcoming traditional live broadcast challenges. At Linkou Chang Gung Memorial Hospital, Vuzix smart glasses enabled a successful live broadcast of knee joint surgery, showcasing advanced techniques and improving educational outcomes. Similarly, at the First Affiliated Hospital of Dalian Medical University, a live remote cardiac surgery was conducted, demonstrating improved teaching, reduced costs, and enhanced medical collaboration. The VIS platform, operational in over 200 hospitals in China, has performed over 4000 surgeries using Vuzix technology, highlighting its integration with hospital systems and patient data.
Vuzix (NASDAQ: VUZI) has partnered with Avegant to develop a cutting-edge AR display module for AI-enabled consumer smart glasses. This initiative will integrate Avegant's compact LCoS AG-30L2 30-degree light engine with Vuzix's next-generation full-color waveguide. The resulting product aims to be efficient, lightweight, and mass manufacturable. Prototypes are being showcased at the Augmented World Expo USA 2024, taking place from June 18-20. The final optimized version is set to debut at the Consumer Electronics Show (CES) 2025 in Las Vegas. This collaboration marks a significant step forward in the AR industry.
Vuzix (NASDAQ: VUZI) announced a strategic partnership with Avegant to develop optimized waveguide optical modules for AI-enabled smart glasses. The collaboration aims to integrate Avegant's compact LCoS AG-30L2 30-degree light engine with Vuzix' next-generation full-color waveguide, creating an efficient, mass-manufacturable AR display module. Prototype units will be showcased at Augmented World Expo USA 2024, with a fully optimized version expected at CES 2025. The new design targets fashion-forward consumer smart glasses and includes customizable features for OEMs.
Vuzix (NASDAQ: VUZI), a leader in smart glasses and Augmented Reality (AR) technology, has announced plans to offer plastic waveguides along with its existing glass options. These new plastic waveguides will be showcased at the Augmented World Expo USA 2024 from June 18-20 in Long Beach, California. Plastic waveguides offer advantages like greater impact resistance and lighter weight compared to glass. Despite having a lower refractive index, they are suitable for certain field of view configurations and can be made extremely flat, enabling integrated vision correction. Vuzix's current equipment can accommodate plastic substrates, enhancing their design and production capabilities for lighter smart glasses.
Vuzix (NASDAQ:VUZI), a leader in smart glasses and Augmented Reality (AR) technology, has announced its capability to design and produce large format waveguides at its cutting-edge production facility. These waveguides, ranging from several inches to feet in size, offer unparalleled clarity, brightness, and immersion for heads-up displays (HUDs) in industries such as automotive, retail, medical, enterprise, aviation, and defense. Vuzix's innovations ensure vibrant images even in well-lit environments, setting a new standard for see-through displays. The company aims to leverage its large portfolio of waveguide patents to cater to unique customer specifications, thus expanding its leadership in the global HUD market, which is expected to grow significantly over the next decade.
Vuzix (NASDAQ: VUZI), a leading smart glasses and AR technology supplier, announced multiple follow-up orders from Xander for their Vuzix Shield smart glasses. Xander is an early-stage startup using these glasses for their XanderGlasses, which display real-time captions to aid people with hearing loss. With 48 million Americans affected by hearing loss, the demand for such solutions is rising. XanderGlasses provide a reliable, private augmented reality experience, displaying captions directly in the user's field of view without the need for smartphones or cloud connectivity. Xander has received numerous awards for its innovative accessibility tech, including the CES 2024 Innovation Award.
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