Vuzix Signs Distribution Agreement with Evantek and Receives Initial Smart Glasses Stocking Order
Vuzix (NASDAQ: VUZI) has signed a distribution agreement with Evantek Pte , a system integrator operating in the Asia Pacific region since 1995. The agreement includes an initial stocking order for Vuzix M400 smart glasses, which has already been shipped.
Evantek will distribute Vuzix products across Asia Pacific, targeting key industries including healthcare, field services, and manufacturing. The company has established itself as a premier solutions provider, specializing in industrial product design, commercial display systems, transportation solutions, and telecommunication systems.
The partnership aims to leverage Evantek's regional presence and expertise to expand Vuzix's market penetration in Asia Pacific, particularly focusing on enterprise clients seeking AR-based solutions to enhance productivity and reduce carbon footprint.
Vuzix (NASDAQ: VUZI) ha firmato un accordo di distribuzione con Evantek Pte , un integratore di sistemi attivo nella regione Asia-Pacifico dal 1995. L'accordo prevede un ordine iniziale di approvvigionamento per gli occhiali smart Vuzix M400, che sono già stati spediti.
Evantek distribuirà i prodotti Vuzix in tutta l'Asia-Pacifico, puntando a settori chiave tra cui sanità, servizi sul campo e manifatturiero. L'azienda si è affermata come fornitore di soluzioni di alto livello, specializzandosi nella progettazione di prodotti industriali, sistemi di visualizzazione commerciali, soluzioni di trasporto e sistemi di telecomunicazione.
La partnership mira a sfruttare la presenza regionale e l'esperienza di Evantek per ampliare la penetrazione di mercato di Vuzix nell'Asia-Pacifico, concentrandosi particolarmente su clienti aziendali in cerca di soluzioni basate sulla realtà aumentata per migliorare la produttività e ridurre l'impronta di carbonio.
Vuzix (NASDAQ: VUZI) ha firmado un acuerdo de distribución con Evantek Pte , un integrador de sistemas que opera en la región de Asia-Pacífico desde 1995. El acuerdo incluye un pedido inicial de existencias para las gafas inteligentes Vuzix M400, que ya fueron enviadas.
Evantek distribuirá productos de Vuzix en toda Asia-Pacífico, apuntando a industrias clave como salud, servicios de campo y manufactura. La compañía se ha establecido como un proveedor de soluciones de primer nivel, especializándose en el diseño de productos industriales, sistemas de visualización comercial, soluciones de transporte y sistemas de telecomunicaciones.
La asociación tiene como objetivo aprovechar la presencia y la experiencia regional de Evantek para expandir la penetración de mercado de Vuzix en Asia-Pacífico, centrándose especialmente en clientes empresariales que buscan soluciones basadas en AR para mejorar la productividad y reducir la huella de carbono.
Vuzix (NASDAQ: VUZI)는 1995년부터 아시아 태평양 지역에서 운영되고 있는 시스템 통합업체 Evantek Pte 와 유통 계약을 체결했습니다. 이 계약에는 이미 발송된 Vuzix M400 스마트 글라스에 대한 초기 재고 주문이 포함되어 있습니다.
Evantek은 아시아 태평양 전역에 걸쳐 Vuzix 제품을 배포하며, 헬스케어, 현장 서비스 및 제조업을 포함한 주요 산업을 목표로 하고 있습니다. 이 회사는 산업 제품 디자인, 상업 디스플레이 시스템, 운송 솔루션 및 통신 시스템을 전문으로 하는 최고의 솔루션 제공업체로 자리 잡고 있습니다.
파트너십의 목표는 Evantek의 지역적 존재감과 전문성을 활용하여 아시아 태평양에서 Vuzix의 시장 침투를 확대하는 것이며, 특히 생산성을 향상시키고 탄소 발자국을 줄이기 위한 AR 기반 솔루션을 찾는 기업 고객에 초점을 맞추고 있습니다.
Vuzix (NASDAQ: VUZI) a signé un accord de distribution avec Evantek Pte , un intégrateur de systèmes opérant dans la région Asie-Pacifique depuis 1995. L'accord inclut une commande initiale de stock pour les lunettes intelligentes Vuzix M400, qui ont déjà été expédiées.
Evantek distribuera les produits Vuzix à travers l'Asie-Pacifique, ciblant des secteurs clés tels que la santé, les services sur le terrain et la fabrication. L'entreprise s'est établie comme un fournisseur de solutions de premier plan, spécialisée dans la conception de produits industriels, les systèmes d'affichage commercial, les solutions de transport et les systèmes de télécommunications.
Le partenariat vise à tirer parti de la présence régionale et de l'expertise d'Evantek pour élargir la pénétration de marché de Vuzix en Asie-Pacifique, en mettant l'accent sur les clients d'entreprise à la recherche de solutions basées sur la réalité augmentée pour augmenter la productivité et réduire l'empreinte carbone.
Vuzix (NASDAQ: VUZI) hat einen Vertriebsvertrag mit Evantek Pte unterzeichnet, einem Systemintegrator, der seit 1995 in der Region Asien-Pazifik tätig ist. Der Vertrag umfasst eine erste Lagerbestellung für die Vuzix M400 Smart Glasses, die bereits versendet wurden.
Evantek wird Vuzix-Produkte in ganz Asien-Pazifik vertreiben und gezielt Schlüsselbranchen wie Gesundheitswesen, Außendienst und Fertigung ansprechen. Das Unternehmen hat sich als führender Lösungsanbieter etabliert und spezialisiert sich auf industriedesign, kommerzielle Displaysysteme, Transportlösungen und Telekommunikationssysteme.
Die Partnerschaft zielt darauf ab, die regionale Präsenz und Expertise von Evantek zu nutzen, um die Marktpenetration von Vuzix im Asien-Pazifik-Raum zu erweitern, insbesondere im Hinblick auf Unternehmenskunden, die AR-basierte Lösungen suchen, um die Produktivität zu steigern und den CO2-Fußabdruck zu reduzieren.
- Secured new distribution partnership expanding presence in Asia Pacific market
- Received and fulfilled initial stocking order for M400 smart glasses
- Gained access to established distribution network targeting key industries (healthcare, field services, manufacturing)
- None.
Insights
This distribution agreement with Evantek marks a strategic expansion into the Asia Pacific market, particularly significant given Evantek's 28-year presence in the region since 1995. The partnership targets three important verticals: healthcare, field services and manufacturing - sectors experiencing rapid digital transformation in Asia.
The Asia Pacific AR market shows substantial growth potential, with manufacturing and healthcare leading adoption. Evantek's established relationships with commercial and public institution clients provide Vuzix with valuable inroads to enterprise customers. While the initial stocking order's size isn't disclosed, the deal's importance lies in establishing a distribution channel in a region where AR adoption is accelerating.
For context, the APAC enterprise AR market is projected to grow at a CAGR of over 45% through 2028, outpacing other regions. Evantek's expertise in industrial product design and man-machine interactivity aligns well with Vuzix's technology, potentially accelerating adoption in key verticals. However, the immediate revenue impact may be modest until deployment scales up.
The selection of the Vuzix M400 model for this distribution partnership is strategic. This enterprise-grade device features important capabilities needed in industrial settings: a rugged IP67 design, voice control and compatibility with major enterprise software platforms. The focus on enterprise clients rather than consumer markets aligns with current AR market dynamics, where B2B applications show stronger ROI and adoption rates.
Evantek's experience in lifecycle management maintenance programs is particularly relevant, as it addresses a critical concern in enterprise AR deployments - long-term support and maintenance. Their background in transportation system solutions and telecommunication infrastructure suggests they have the technical capability to handle complex AR implementations and integrations.
The timing coincides with increasing AI integration in enterprise AR solutions, potentially leveraging the current AI boom to drive adoption. However, success will depend on Evantek's ability to develop industry-specific use cases and overcome typical enterprise AR adoption challenges like integration with legacy systems and user training.
Since 1995, Evantek has built a strong reputation as a premier solutions provider deploying advanced and cutting-edge technology solutions to support its commercial and public institution clients in the
"We are very pleased to partner with Vuzix, a leader in smart glasses and optical technology, and offer the new emerging smart glasses technology to our enterprise clients and help them gain a competitive edge in their digital transformation journey," said SJ Ngiam, Managing Director at Evantek. "As an appointed partner and distributor for Vuzix in the
"We are excited to be working with Evantek, who has built a strong reputation as a premier solutions provider in its marketplace," said Paul Travers, President and CEO of Vuzix. "Our two firms target many of the same market verticals and this distribution partnership will facilitate increased market penetration for customers ready to embrace AR-based solutions to increase their productivity and reduce their carbon footprint among other things."
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:
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 Evantek 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,
Investor Information – IR@vuzix.com www.vuzix.com
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SOURCE Vuzix Corporation
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