Vuzix and Several Partners Demonstrate Growing Ecosystem of Advanced Applications Running on Vuzix Smart Glasses at CES 2025

Rhea-AI Summary

Vuzix (NASDAQ: VUZI) and several partners are showcasing advanced smart glasses applications at CES 2025 in Las Vegas. The demonstrations include three main applications:

1. Warehouse & Logistics: Moviynt's Mobilium platform on M400 smart glasses, bridging mobile devices and ERP systems for improved workflow efficiency.

2. Remote Support: Augmex's AUGASSIST solution on M400 smart glasses, featuring live annotations, AI, and AR overlays to reduce downtime and travel costs.

3. Conversational AI & Learning: Mentra's applications on Z100 smart glasses - Mentra Merge for enhanced problem-solving and Mentra Link for real-time language learning.

Positive

• Partnership expansion with multiple software companies demonstrates growing ecosystem
• Diversification into multiple market segments (logistics, remote support, AI learning)
• Development of practical business applications that can reduce operational costs

Negative

• None.

Insights

Market Research Analyst

The CES demonstrations by Vuzix and its partners showcase incremental advancements in their AR ecosystem but offer material impact on immediate business prospects. While the Moviynt subsidiary's Mobilium platform for ERP integration and warehouse operations shows promise for enterprise adoption and partnerships with Augmex and Mentra expand the application portfolio, these developments represent routine product evolution rather than transformative breakthroughs.

The key strategic elements include:

• Integration with established ERP systems like SAP through Moviynt subsidiary
• Remote support capabilities via Augmex partnership targeting operational cost reduction
• Consumer-focused AI applications through MIT-connected Mentra collaboration

From a market perspective, while these developments maintain Vuzix's competitive positioning in the enterprise AR space, they are unlikely to significantly impact near-term revenue or stock performance. The market cap of $328.7M reflects the still-emerging nature of the AR market, where meaningful revenue growth requires broader enterprise adoption and consumer market penetration beyond tech demonstrations.

-   Moviynt, Augmex and Mentra will be providing hands-on demonstrations of their smart glasses applications

ROCHESTER, N.Y., Jan. 8, 2025 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, is pleased to announce that the Company and several of its partners will demonstrate a powerful and diverse set of smart glasses applications running on Vuzix smart glasses at this year's Consumer Electronics Show being held in Las Vegas, Nevada on January 7-10.

Demonstrations at the Vuzix booth will include the following:

• Warehouse & Logistics: Vuzix wholly owned subsidiary Moviynt will be showing its Mobilium platform running on Vuzix M400 smart glasses. Mobilium bridges the gap between mobile devices and ERP systems, including SAP, and provides a studio to empower the rapid development of new workflows for warehouse and logistics operations, which eliminate inefficiencies and capture data from business processes at all levels of the organization.
• Remote support: Vuzix partner Augmex, a one-stop-shop solutions provider for increasing productivity with smart glasses, will be showing its AUGASSIST remote support solution running on Vuzix M400 smart glasses. AUGASSIST, equipped with advanced features such as live annotations, artificial intelligence (AI) and augmented reality (AR) overlays, not only minimizes downtime by enabling companies to provide immediate troubleshooting and guidance, but also significantly reduces the travel costs associated with sending engineers on-site.
• Conversational AI & Assisted Learning: Vuzix partner Mentra, composed of a team of human computer interface experts from MIT, will be featuring its Mentra Merge conversational AI app and Mentra Link real time language learning app on Vuzix Z100 smart glasses. Mentra Merge is the superintelligent agent that improvers users' problem solving, creativity, and conversations using proactive AI. Mentra Link gives users live language acquisition input, overlaid on their vision, during second language conversations, as well as translations, captions, and insights available at a glance.

"Vuzix' family of smart glasses are the ideal platform to run advanced applications that will improve people's productivity, safety, and general quality of life," said Paul Travers, President and CEO of Vuzix. "We look forward to working with our valued software partners to continue expanding the industry-leading solutions available for enterprise users and consumers alike in 2025 and beyond."

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 425 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: Rochester, NY; and Kyoto and Okayama, 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 relationships and future opportunities with Augmex and Mentra, their software and their 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 new applications were demonstrated on Vuzix smart glasses at CES 2025?

Three main applications were demonstrated: Moviynt's Mobilium platform for warehouse operations, Augmex's AUGASSIST for remote support, and Mentra's AI applications for conversation and language learning.

How does Vuzix VUZI's Mobilium platform benefit warehouse operations?

Mobilium bridges mobile devices and ERP systems, including SAP, enabling rapid development of workflows that eliminate inefficiencies and capture data across all organizational levels.

What features does AUGASSIST offer on Vuzix M400 smart glasses?

AUGASSIST offers live annotations, AI and AR overlays, immediate troubleshooting capabilities, and remote guidance that reduces travel costs for on-site engineering.

What are the two Mentra applications demonstrated on Vuzix Z100 smart glasses?

Mentra demonstrated Mentra Merge, a superintelligent agent for problem-solving and creativity, and Mentra Link, a real-time language learning application with translation and caption features.