Smart glass

Vuzix Reports Double Digit Revenue Growth in Q3 2022

Retrieved on: 
Wednesday, November 9, 2022

Selling and Marketing expense was $2.0 million for the three months ended September 30, 2022, versus $1.7 million the comparable 2021 period, an increase of approximately 20%.

Key Points: 
  • Selling and Marketing expense was $2.0 million for the three months ended September 30, 2022, versus $1.7 million the comparable 2021 period, an increase of approximately 20%.
  • A telephonic replay will be available for 30 days, starting on November 9, 2022, at approximately 5:30 p.m. (ET).
  • Vuzix is a leading supplier of Smart Glasses and Augmented Reality (AR) technologies and products for the consumer and enterprise markets.
  • Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in West Henrietta, NY, Oxford, UK, and Tokyo, Japan.

Vuzix Leases New Manufacturing Space to Support the Expansion of Its Waveguide Production Capacity

Retrieved on: 
Thursday, November 3, 2022

WEST HENRIETTA, N.Y., Nov. 3, 2022 /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 has signed a new lease for floor space in a building adjacent to its West Henrietta headquarters for the express purpose of expanding its waveguide production capacity.

Key Points: 
  • The expanded facility will feature a Class 1000 cleanroom in addition to housing the optics and manufacturing equipment needed to support Vuzix' propriety waveguide development process.
  • This action is expected to increase the Company's annual production capacity to well over one million units during the first half of 2023.
  • ESD is New York's State's chief economic development agency and has approved this level of support for Vuzix subject to its program rules.
  • With the growing demand for custom configured waveguides emerging for us, it is an opportune time for Vuzix to be ramping its waveguide production capacity," said Paul Travers, President and CEO of Vuzix.

The Adjustable Power of Smart Glass Technologies(TM) - Helping Change the Way Building Developers See the World - Announces Manufacturing and Pricing Updates

Retrieved on: 
Tuesday, October 18, 2022

"For the past several months, the vendors of raw materials we use in our fabrication have been increasing their prices.

Key Points: 
  • "For the past several months, the vendors of raw materials we use in our fabrication have been increasing their prices.
  • Check out all the benefits of Smart Glass, PriWatt, and Smart Film products in detail, or read the latest news in Smart Glass innovations by visiting the company online.
  • Smart Glass Technologies was founded in 2018 in Miami, Florida.
  • And with capabilities spanning the United States and Canada, Smart Glass Technologies is an exclusive dealer for Smart Glass Group, the fastest-growing manufacturer of switchable privacy Smart Film and Smart Glass in the North American market.

The Adjustable Power of Smart Glass Technologies™ - Helping Change the Way Building Developers See the World; Announces Manufacturing and Pricing Updates

Retrieved on: 
Tuesday, October 11, 2022

SGT is a leading glass provider in a variety of one-stop-shop services to developers, including smart glass solutions for offices, healthcare facilities, and other property developments.

Key Points: 
  • SGT is a leading glass provider in a variety of one-stop-shop services to developers, including smart glass solutions for offices, healthcare facilities, and other property developments.
  • "At Smart Glass Technologies, our mission is to help developers, architects, interior designers, and homeowners to use switchable smart glass for their real estate projects," said William Vasile Turcan, Founder and General Manager at SGT.
  • Check out all the benefits of Smart Glass, PriWatt, and Smart Film products in detail, or read the latest news in Smart Glass innovations by visiting the company online.
  • And with capabilities spanning the United States and Canada, Smart Glass Technologies is an exclusive dealer for Smart Glass Group, the fastest-growing manufacturer of switchable privacy Smart Film and Smart Glass in the North American market.

LEGISLATION SIGNED INTO LAW TODAY IS EXPECTED TO ACCELERATE THE ADOPTION OF SPD-SMARTGLASS FOR ARCHITECTURAL AND AUTOMOTIVE SMART WINDOWS

Retrieved on: 
Tuesday, August 16, 2022

Woodbury, New York and Tel Aviv/Jaffo, Aug. 16, 2022 (GLOBE NEWSWIRE) -- Today US President Biden signed into law legislation that is expected to accelerate the adoption of SPD-SmartGlass technology into both the architectural and automotive industries.

Key Points: 
  • Woodbury, New York and Tel Aviv/Jaffo, Aug. 16, 2022 (GLOBE NEWSWIRE) -- Today US President Biden signed into law legislation that is expected to accelerate the adoption of SPD-SmartGlass technology into both the architectural and automotive industries.
  • Research Frontiers is the industry leader and inventor of fast-responding Suspended Particle Device (SPD) light-control technology for use in smart windows and other products.
  • The company sells SPD-SmartGlass products and technologies for the architecture, automotive, aeronautics, mass transit, and boating industries.
  • This production site is dedicated to producing 1,000,000 sqm of SPD material yearly for the automotive and architectural industries.

Vuzix Reports Second Quarter 2022 Results

Retrieved on: 
Tuesday, August 9, 2022

Sales of Vuzix smart glasses products and engineering services were relatively unchanged in the period.

Key Points: 
  • Sales of Vuzix smart glasses products and engineering services were relatively unchanged in the period.
  • Selling and Marketing expense was $1.9 million for the three months ended June 30, 2022, versus $1.3 million the comparable 2021 period, an increase of approximately 37%.
  • The net cash operating loss after adding back non-cash items for the second quarter of 2022 was $5.5 million as compared to a loss of $4.6 million for the second quarter of 2021.
  • Vuzix is a leading supplier of Smart-Glasses and Augmented Reality (AR) technologies and products for the consumer and enterprise markets.

Insights on the Smart Glass Global Market to 2030 - Featuring Asahi Glass, Gentex and Saint Gobain Among Others - ResearchAndMarkets.com

Retrieved on: 
Monday, June 20, 2022

The global smart glass market was valued at $4.6 billion in 2020, and is projected to reach $15.1 billion by 2030, growing at a CAGR of 12.6% from 2021 to 2030.

Key Points: 
  • The global smart glass market was valued at $4.6 billion in 2020, and is projected to reach $15.1 billion by 2030, growing at a CAGR of 12.6% from 2021 to 2030.
  • Smart glass, also known as a switchable glass, mainly refers to active technologies in which privacy glass films and coatings are activated by an electrical charge.
  • This is expected to aggressively penetrate and boost demand for smart glass in the growing building & construction industry.
  • The global smart glass market analysis is done on the basis of technology, end user industry, and region.

Office Workers Now Have the Power to Shape Their Environment - Employees Take Back Control with PriWatt™ Smart Glass, from Smart Glass Technologies

Retrieved on: 
Wednesday, May 25, 2022

"For today's office workers, it's all about personalization and control," said William Turcan, principal owner at SGT.

Key Points: 
  • "For today's office workers, it's all about personalization and control," said William Turcan, principal owner at SGT.
  • "Once a company installs Smart Film, it has the option to give employees full control of the privacy," said Turcan.
  • Another company came to Smart Glass asking if it could install Smart Film throughout itsentire office in less than a week.
  • Founded in 2018, Smart Glass Technologies is an exclusive dealer for Smart Glass Group, the fastest growing manufacturer of switchable privacy Smart Film and Smart Glass in the North American market.

Vuzix Reports First Quarter 2022 Results

Retrieved on: 
Tuesday, May 10, 2022

Selling and Marketing expense was $2.0 million for the three months ended March 31, 2022, versus $1.3 million for the comparable 2021 period, an increase of approximately 55%.

Key Points: 
  • Selling and Marketing expense was $2.0 million for the three months ended March 31, 2022, versus $1.3 million for the comparable 2021 period, an increase of approximately 55%.
  • The net cash operating loss after adding back non-cash items for the first quarter of 2022 was $5.7 million as compared to a loss of $3.8 million for the first quarter of 2021.
  • Participating on the call will be Vuzix' Chief Executive Officer and President Paul Travers and Chief Financial Officer Grant Russell, who together will discuss operational and financial highlights for the quarter ended March 31, 2022.
  • Vuzix is a leading supplier of Smart-Glasses and Augmented Reality (AR) technologies and products for the consumer and enterprise markets.

Global Smart Glass Market (2021 to 2026) - Featuring America Insulated Glass, Bowers and Central Glass Among Others - ResearchAndMarkets.com

Retrieved on: 
Wednesday, April 27, 2022

The Global Smart Glass Market is estimated to be USD 11.02 Bn in 2021 and is expected to reach USD 14.66 Bn by 2026, growing at a CAGR of 5.87%.

Key Points: 
  • The Global Smart Glass Market is estimated to be USD 11.02 Bn in 2021 and is expected to reach USD 14.66 Bn by 2026, growing at a CAGR of 5.87%.
  • The Global Smart Glass Market is driving due to the growing demand for smart glass in various automobiles, aviation, transportation, constructions, etc.
  • On the other hand, high costs associated with smart glass, especially in high-end and luxury vehicles, and technical issues may affect the smart glass performance.
  • The Global Smart Glass Market is segmented further based on Technology Type, Mode of Control Type, End-Use Type, and Geography.