U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) Expands Its Deployment of Vuzix M400 Smart Glasses
Rhea-AI Summary
Vuzix announced that OSHA has expanded its deployment of Vuzix M400 smart glasses with a follow-on order for additional devices. The smart glasses, equipped with subscription-based Zoom licenses, will support OSHA's operational efficiency and safety during field inspections and service activities. This expansion comes after two years of trials, training, and system refinements. The M400 smart glasses enable real-time collaboration between inspectors, field personnel, superiors, and technical support staff across OSHA's nationwide network of field and federal offices.
Positive
- Follow-on order from a major U.S. government agency (OSHA) after successful two-year trial
- Expansion of subscription-based Zoom licenses revenue stream
- Validation of product effectiveness in government operations
Negative
- None.
News Market Reaction
On the day this news was published, VUZI gained 9.52%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
This expansion follows two years of rigorous trials, training, and system refinements, during which OSHA officials gained proficiency with the smart glasses' setup and software. Vuzix M400 smart glasses allow inspectors and field personnel to collaborate in real time with superiors and technical support personnel.
"With a nationwide presence encompassing hundreds of field and federal offices alongside affiliated agencies, OSHA is leveraging Vuzix' advanced technology to optimize communication and documentation processes across its operations," said Paul Travers, President and CEO of Vuzix. "This initiative aims to reduce response times, improve operational efficiency, and elevate workplace safety standards. We look forward to the opportunity to increase our level of engagement with OSHA going forward."
About Vuzix Corporation
Vuzix is a leading designer, manufacturer and marketer of AI driven 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 400 patents and patents pending and numerous IP licenses in the fields of optics, head-mounted displays, and the augmented reality wearables field. 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:
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 OSHA, 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,
Investor Information – IR@vuzix.com www.vuzix.com
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SOURCE Vuzix Corporation
FAQ
What is the new OSHA order for Vuzix (VUZI) smart glasses in December 2024?
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