Toppan's RemoPick System Uses Vuzix Smart Glasses to Support Remote Order Picking Trial for Homebound Seniors in Japan

Rhea-AI Summary

Vuzix Corporation (NASDAQ: VUZI) announced a trial of its smart glasses in Toppan's RemoPick system at a 7-11 store in Japan to assist homebound seniors. The trial, conducted in June and July, involved 13 seniors using the service for remote shopping. Positive customer feedback has been reported, and if a follow-up test in September is successful, a full rollout could occur in 2023. This initiative addresses challenges posed by an aging population in Japan, presenting a significant market opportunity for Vuzix given the country's 50,000 convenience stores.

Positive

• Positive customer feedback from the trial with 13 seniors using the service.
• Potential for a full-scale service rollout in 2023 if the follow-up test is successful.
• Addresses the needs of Japan's aging population, presenting a significant market opportunity.

Negative

• None.

Successful trial results could lead to a broad rollout beginning in 2023

ROCHESTER, N.Y., Sept. 7, 2022 /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 Toppan, a diversified global provider driving digital transformation solutions, is using Vuzix smart glasses in its RemoPick system, which is currently being trialed at a 7-11 store in Iizuna, Japan.

RemoPick is a next-generation service that enables smoother communication by connecting remote locations in real time. The video and audio sent from the dedicated application on a transmitting terminal, such as smart glasses, are displayed on the web browser of the viewing terminal. By touching the screen on the viewer side, the image with a pointer is shared back to the sender, so it is possible to accurately indicate the selection desired. By using smart glasses, workers can also intuitively receive instructions while keeping both hands free. The solution can be used in various use case scenarios such as remote support, technology learning, and, in this trial, live commerce.

The RemoPick trial was conducted at the 7-11 store in June and July. The customer at home uses a mobile device to see a real-time video feed from glasses worn by a clerk. The customer gives instructions and communicates by tapping items on the screen or talking via a voice chat function, and products selected are subsequently delivered to their home. The store took orders once a week, with 13 people in their 60s or above taking advantage of the service in the first two weeks. Customer feedback to date has been very positive and if a second test beginning in September also proves successful, 2023 could see the launch of a full-scale service.

"We are excited to be a part of Toppan's innovative project to address social issues in Japan. With a steadily aging population, a diverse geography and persistent COVID challenges, there is a tremendous need throughout the country for a remote shopping solution such as RemoPick," said Paul Travers, President and CEO of Vuzix. "There are over 50,000 convenience stores in Japan and some are located in mountainous or remote areas, so we believe the commencement of a rollout of this solution next year can represent a considerable smart glasses opportunity for Vuzix."

About Toppan

Established in Tokyo in 1900, Toppan is a leading and diversified global provider committed to delivering sustainable, integrated solutions in fields including printing, communications, security, packaging, décor materials, electronics, and digital transformation. Toppan's global team of more than 50,000 employees offers optimal solutions enabled by industry-leading expertise and technologies to address the diverse challenges of every business sector and society and contribute to the achievement of shared sustainability goals. For more information, visit https://www.toppan.com/en/ or follow Toppan on LinkedIn https://www.linkedin.com/company/toppan/.

About Vuzix Corporation

Vuzix is a leading supplier of Smart Glasses and Augmented Reality (AR) technologies and products for the consumer and enterprise markets. The Company's products include personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality. Vuzix holds 252 patents and patents pending and numerous IP licenses in the Video Eyewear field. The Company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2022 and several wireless technology innovation awards among others. Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in Rochester, NY, Oxford, UK, 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, our business relationship and future opportunities with Toppan and its customers, 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

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SOURCE Vuzix Corporation

FAQ

What is Vuzix's recent trial related to its smart glasses?

Vuzix's recent trial involves using its smart glasses in Toppan's RemoPick system to assist homebound seniors with remote shopping at a 7-11 store in Japan.

What are the results of Vuzix's smart glasses trial?

The trial with homebound seniors reported positive feedback, and 13 seniors participated in using the service during the trial.

When could Vuzix's smart glasses be fully rolled out based on the trial?

A full rollout of Vuzix's smart glasses could occur in 2023 if a follow-up test in September proves successful.

How does the RemoPick system work with Vuzix's smart glasses?

The RemoPick system connects remote users to store clerks wearing Vuzix's smart glasses, allowing customers to see a live video feed and interact for product selection.