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Vuzix Corporation - VUZI STOCK NEWS

Welcome to our dedicated page for Vuzix Corporation news (Ticker: VUZI), a resource for investors and traders seeking the latest updates and insights on Vuzix Corporation stock.

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.

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Vuzix Corporation (NASDAQ: VUZI) announced a collaboration with BioSig Technologies (NASDAQ: BSGM) to enhance remote service capabilities for BioSig's PURE EP™ System, designed for electrophysiology. This initiative addresses challenges posed by COVID-19 by enabling installations, upgrades, and training remotely. Vuzix's M400 Smart Glasses facilitate these services, significantly reducing the need for on-site visits. The global medical device market is expected to grow at a 4.9% annual rate, presenting substantial opportunities for Vuzix. The partnership aims to support BioSig's nationwide rollout.

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Vuzix Corporation (NASDAQ: VUZI) announced its participation in CES 2021, showcasing its innovative Smart Glasses and AR technology. The event, held virtually from January 12-14, focuses on enhancing operational efficiency for medical, industrial, and enterprise sectors, leveraging smart glasses to reduce costs and improve accuracy. Vuzix reported record sales in 2020, propelled by the demand for smart glasses amid the COVID-19 pandemic. The company introduced new products, including the Vuzix M4000 and upgraded Blade Smart Glasses, expanding its global market presence.

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Vuzix Corporation (NASDAQ: VUZI) has announced a multi-year agreement with Jade Bird Display to co-develop microLED display technologies for its next-generation smart glasses. This collaboration will integrate Jade Bird's superbright microLED displays with Vuzix's proprietary waveguides. The resulting products aim to be the world's smallest microLED display engines, potentially transforming AR smart glasses into devices resembling normal eyeglasses. Both companies will share and prioritize supplies to ensure mutual success in marketing these advanced technologies.

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Vuzix Corporation (NASDAQ: VUZI) is set to present at the Needham Virtual Growth Conference from January 11-15, 2021. CEO Paul Travers will deliver a presentation on January 15 at 12:30 PM EST, which will be available for live streaming and replay on the company's website. Vuzix is a leading provider of Smart Glasses and Augmented Reality (AR) technology, holding 184 patents and winning multiple awards for innovation. The company invites qualified institutional investors for one-on-one meetings during the conference.

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Vuzix Corporation (NASDAQ: VUZI) has successfully completed Phase 2 of a customized waveguide-based AR display engine for a major US defense contractor, an achievement ahead of the December 31, 2020 deadline. This follows the announcement of the initial partnership in March 2020. The company anticipates more non-recurring engineering (NRE) work in upcoming phases, potentially leading to a full production program order. CEO Paul Travers expressed confidence in leveraging Vuzix's optical expertise and intellectual property in this profitable venture.

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Vuzix Corporation (NASDAQ: VUZI) announced significant follow-on purchase orders for its M400 Smart Glasses, totaling approximately $300,000 in revenue for the current quarter. These orders originated from a leading European software developer and reseller of smart glasses, facilitating deployments in sectors such as manufacturing, healthcare, and field service. CEO Paul Travers emphasized that these orders reflect clients transitioning effectively from pilot programs to full-scale operations. Vuzix continues to innovate in the Smart Glasses and Augmented Reality technology space, holding 179 patents and winning multiple industry awards.

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Vuzix Corporation (NASDAQ: VUZI) announced its Next Generation Smart Glasses (NGSG) has won multiple CES 2021 Innovation Awards, recognizing excellence in design and engineering across three categories: Computer Peripherals & Accessories, Portable Media Players & Accessories, and Wearable Technologies. Over the past 36 months, Vuzix has expanded its patent portfolio from 90 to 179, crucial for developing future smart glasses. The upcoming NGSG combines smartphone capabilities with stylish design, offering hands-free connectivity and a vibrant 3D display. Vuzix aims to lead the smart glasses and AR technology market.

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Vuzix Corporation (NASDAQ: VUZI), a leader in Smart Glasses and Augmented Reality technology, announced a new supply agreement with a major U.S. general merchandise retailer. This partnership includes an initial order of M400 Smart Glasses, already shipped, projected to bring low six-figure revenue this quarter. The glasses will assist in remote fulfillment center training for the retailer's employees. CEO Paul Travers highlighted the swift transition from pilot to deployment, emphasizing the product's practical application in enhancing business operations.

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Vuzix Corporation (NASDAQ: VUZI) announced that its Blade Smart Glasses were used in the first augmented reality (AR) total knee replacement surgery in the U.S. The procedure took place at the Hospital for Special Surgery in New York City, recognized as a leader in orthopedics. The surgery utilized the NextAR™ TKA platform developed by Medacta, which received FDA clearance in July. This milestone highlights Vuzix's role in advancing AR technology in healthcare, as noted by CEO Paul Travers, emphasizing the ongoing integration of smart glasses in clinical applications.

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On December 17, 2020, Vuzix Corporation (NASDAQ: VUZI) announced a collaboration with Envirotainer, utilizing Vuzix M400 Smart Glasses for a global remote training program. This initiative supports Envirotainer's fleet of over 6,000 temperature-controlled containers for shipping COVID-19 vaccines and pharmaceuticals. The partnership addresses training challenges posed by COVID-19, enabling real-time guidance through Vuzix Remote Assist software. Envirotainer aims to expand the use of AR smart glasses for enhanced operational efficiency.

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FAQ

What is the current stock price of Vuzix Corporation (VUZI)?

The current stock price of Vuzix Corporation (VUZI) is $0.9121 as of November 15, 2024.

What is the market cap of Vuzix Corporation (VUZI)?

The market cap of Vuzix Corporation (VUZI) is approximately 66.3M.

What does Vuzix Corporation specialize in?

Vuzix specializes in designing, manufacturing, and marketing Smart Glasses and Augmented Reality technologies.

Where is Vuzix Corporation located?

Vuzix is headquartered in Rochester, NY, with additional offices in Munich, Germany; and Kyoto and Tokyo, Japan.

What are some of Vuzix's key products?

Key products include head-mounted smart personal displays, wearable computing devices, and OEM waveguide optical components and display engines.

How many patents does Vuzix hold?

Vuzix holds more than 375 patents and patents pending.

What recent partnerships has Vuzix engaged in?

Recent partnerships include collaborations with a Fortune 100 global retailer and Nadro S.A. de C.V., facilitated by TeamViewer.

What financial measures is Vuzix taking?

Vuzix is streamlining operations and reducing costs significantly to improve its financial standing.

What is Vuzix's involvement with the U.S. Government?

Vuzix has engaged with the U.S. Air Force Research Laboratory to develop advanced AR head-mounted displays.

What are some of Vuzix's innovative technologies?

Innovations include integrated vision correction solutions, the Vuzix Incognito technology, and the Vuzix Ultralite OEM Platform.

Which markets does Vuzix serve?

Vuzix serves enterprise, medical, defense, and consumer markets.

Where can I find more information about Vuzix?

More information is available on the Vuzix website, as well as its Twitter and Facebook pages.

Vuzix Corporation

Nasdaq:VUZI

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66.33M
73.62M
17.42%
18.35%
13.83%
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