Vuzix

Materialise and Vuzix Announce Collaboration to Bring Smart Eyewear to Customers

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星期二, 五月 30, 2023

ROCHESTER, N.Y. and LEUVEN, Belgium, May 30, 2023 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, and Materialise NV (NASDAQ: MTLS), ("Materialise"), a 3D printing pioneer, have announced a collaborative effort to accelerate the design and production of smart eyewear using 3D printing technology. By integrating 3D printing into the manufacturing process, Vuzix and Materialise aim to accelerate the development of new innovations for enterprise applications, from warehouses to operating rooms. Moreover, the collaboration will enable third party technology, sports, and entertainment brands to rapidly introduce functional, fashionable and affordable smart eyewear to consumers using Vuzix' OEM components and designs, reducing the average manufacturing cycle from 18 months to just 3.

Key Points: 
  • By collaborating with Materialise, a 3D printing pioneer with over three decades of experience, Vuzix gains access to the full potential of 3D printing to support companies in offering an exciting new series of smart eyewear.
  • Vuzix and Materialise aim to address these challenges by creating exciting and innovative designs that cater to companies seeking to introduce fashionable and affordable smart eyewear to consumers.
  • The collaboration between Vuzix and Materialise can provide these third-party OEM companies with a flexible platform for producing smart eyewear with creative designs, rapid prototyping services, and fast and flexible production of small series.
  • "We believe that collaboration with Vuzix will bring new innovations to industrial smart eyewear and accelerate the customer adoption of smart eyewear in the enterprise and broader consumer markets."

Vuzix to Participate in Augmented World Expo USA 2023

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星期四, 五月 25, 2023

ROCHESTER, N.Y., May 25, 2023 /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 will be participating in Augmented World Expo USA 2023 (AWE), which is being held May 31 through June 2 at the Santa Clara Convention Center in Santa Clara, California.

Key Points: 
  • ROCHESTER, N.Y., May 25, 2023 /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 will be participating in Augmented World Expo USA 2023 (AWE), which is being held May 31 through June 2 at the Santa Clara Convention Center in Santa Clara, California.
  • AWE is the world's largest conference and expo for professionals focused on Augmented Reality (AR), Virtual Reality (VR) and Wearable Technology.
  • At this event, Vuzix will be showcasing its family of smart glasses products and providing demonstrations for warehousing efficiency and remote support and maintenance troubleshooting.
  • Vuzix welcomes all interested parties to stop by Booth #200 to learn more about the Company's products and OEM solutions.

Vuzix Receives OEM Purchase Orders for Engineering Services and Product Solutions from Two Defense Customers

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星期一, 五月 22, 2023

A brief description of these firms, the names of which cannot be disclosed at this stage of development, and their intended use cases are as follows.

Key Points: 
  • A brief description of these firms, the names of which cannot be disclosed at this stage of development, and their intended use cases are as follows.
  • The first customer is a US-based global leader in personal protection and situational awareness solutions for defense forces, emergency responders, and industrial personnel.
  • They have placed an order for Vuzix waveguides and projectors with the objective of adding smart capabilities to their helmet solutions via inclusion of a HUD.
  • "We continue to make great progress with both existing and new defense OEM opportunities as more and more defense contractors turn to Vuzix for our advanced waveguide and display solutions, solutions that are designed and manufactured in the United States," said Paul Travers, President and Chief Executive Officer at Vuzix.

Vuzix Reports Record Smart Glasses Sales in Q1 2023

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星期三, 五月 10, 2023

ROCHESTER, N.Y., May 10, 2023 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI) ("Vuzix" or the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technologies and products, today reported its first quarter results for the three months ended March 31, 2023.

Key Points: 
  • The increase in total revenues was due to higher product sales and specifically significantly higher unit sales of M400 smart glasses.
  • Research and Development expense was essentially flat at $3.1 million for the three months ended March 31, 2023 as compared to the prior year period.
  • As a result, we expect to achieve record overall revenues in 2023 fueled by stronger sales of core smart glasses, OEM products and engineering services, and SaaS solutions within our Moviynt subsidiary," said Mr. Travers.
  • "Although we are less than halfway through Q2, we are currently expecting another strong quarter that we expect will result in robust year-over-year growth in smart glasses products and solution sales in Q2.

Smart Glasses Global Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2018-2028 - ResearchAndMarkets.com

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星期一, 五月 8, 2023

The global smart glasses market is witnessing high demand owing to the changing preferences towards technologically driven products.

Key Points: 
  • The global smart glasses market is witnessing high demand owing to the changing preferences towards technologically driven products.
  • Thus, with the rising smartphone and internet penetration, the Global Smart Glasses Market is expected to experience significant growth in the forecast years.
  • The Global Smart Glasses market is growing at an exponential rate owing to the rising trend of using smart glasses in the fashion industry.
  • In 2022, Vuzix Corporation launched its smart glasses, namely Ultralite Smart Glasses, for consumers and has other varieties of smart glasses listed on its website.

Vuzix Schedules Conference Call to Discuss First Quarter 2023 Financial Results and Business Update

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星期一, 五月 1, 2023

ROCHESTER, N.Y., May 1, 2023 /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 will host a conference call regarding its first quarter 2023 operating results at 4:30 PM Eastern Time (ET), May 10, 2023.

Key Points: 
  • ROCHESTER, N.Y., May 1, 2023 /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 will host a conference call regarding its first quarter 2023 operating results at 4:30 PM Eastern Time (ET), May 10, 2023.
  • To join the live conference call, please dial 877-709-8150 (U.S. and Canadian callers) or 201-689-8354 (international callers outside of the U.S. and Canada) 10 to 15 minutes prior to the scheduled call time.
  • The link will become active approximately 15 minutes prior to the start of the conference call.
  • Telephonic and webcast replays will be available for 30 days starting on May 10, 2023 at approximately 5:30 PM (ET).

Vuzix Receives Follow-On Volume Smart Glasses Order from Xpertinc to Support Expanding Customer Demand

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星期五, 四月 28, 2023

ROCHESTER, N.Y., April 28, 2023 /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 it has received a follow-on volume order for smart glasses from Korean distributor Xpertinc Co., Ltd. ("Xpertinc").

Key Points: 
  • ROCHESTER, N.Y., April 28, 2023 /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 it has received a follow-on volume order for smart glasses from Korean distributor Xpertinc Co., Ltd. ("Xpertinc").
  • Since its establishment in 2019, Xpertinc has been supplying Vuzix smart glasses and optimal related solutions to lead the industrial and personal wearable markets.
  • "Through our expanding relationships with key distributors such as Xpertinc, we continue to see numerous companies across a growing number of industry verticals turning to smart glasses and embracing Vuzix solutions in particular," said Paul Travers, President and CEO of Vuzix.
  • "The proven productivity improvements and other benefits Vuzix smart glasses offer should remain a driving force for the accelerating adoption of these products."

Vuzix Delivers Volume Smart Glasses Order to Tabbara Electronics

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星期三, 四月 26, 2023

ROCHESTER, N.Y., April 26, 2023 /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 it has shipped against a volume order for Vuzix smart glasses from Tabbara Electronics, a leading distributor of cutting-edge technology solutions, serving customers across the Middle East and North Africa.

Key Points: 
  • ROCHESTER, N.Y., April 26, 2023 /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 it has shipped against a volume order for Vuzix smart glasses from Tabbara Electronics, a leading distributor of cutting-edge technology solutions, serving customers across the Middle East and North Africa.
  • Since becoming a Vuzix distributor, Tabbara Electronics is helping its customers enhance their productivity and efficiency with Vuzix smart glasses while enabling them to work, learn and interact with the world around them in new and innovative ways.
  • Tabbara Electronics serves a wide range of market verticals, including public safety, utilities, aerospace, telecommunications, oil & gas, entertainment, services management and medical.
  • Loubna Tabbara, Sales & Marketing Manager of Tabbara Electronics, expressed her excitement about the company's partnership with Vuzix, stating, "We are thrilled to offer our customers the latest advancements in wearable display technology through our collaboration with Vuzix.

Ox Raises $12.6M to Pioneer Human Centered AI to Dramatically Improve Frontline Supply Chain Operations

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星期二, 四月 25, 2023

BENTONVILLE, Ark., April 25, 2023 /PRNewswire/ -- Ox, an AI-powered technology platform for frontline operations, today announced the closing of a $12.6 million Series A round co-led by BBG Ventures and MaC Venture Capital. The round also includes participation from existing investors, Cortado Ventures, Revolution's Rise of the Rest Seed Fund, Florida Funders, KCRise, Tech Square Labs, and Vuzix, and new investors, Atento Capital and Agya Ventures.

Key Points: 
  • Human centered automation uses intuitive workflows driven by software intelligence to guide operators through their tasks.
  • "Our mission is to use software to improve the experience of frontline teams and drive better business outcomes.
  • Ox is doing just that across supply chain operations, an area that is ripe for digital transformation," said Susan Lyne, Managing Partner and Co-Founder of BBG Ventures.
  • The funding will be used to fuel customer expansion, scale additional use cases, and further pioneer the human centered automation category throughout frontline operations.

Vuzix Strengthens its Global Sales and Support Infrastructure with New Offices and Corporate Entities in Germany and Japan

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星期一, 四月 24, 2023

ROCHESTER, N.Y., April 24, 2023 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, today announced two international infrastructure developments that will allow the Company to better serve existing partners and customers, as well as develop and support new relationships. New offices and corporate entities have recently been established in Germany and Japan, two countries geographically situated to address significant local and regional market opportunities. In addition to improving sales and customer support in these areas, these moves will also reduce overall costs due to the elimination of capital taxes based on the Vuzix parent corporate entity.

Key Points: 
  • New offices and corporate entities have recently been established in Germany and Japan, two countries geographically situated to address significant local and regional market opportunities.
  • In addition to improving sales and customer support in these areas, these moves will also reduce overall costs due to the elimination of capital taxes based on the Vuzix parent corporate entity.
  • Munich is a preferred location for the EU offices of many global IT companies, as well as boasting a strong local technology community.
  • "These new offices and newly established corporate entities are all about increasing Vuzix' ability to better serve our customers and partners and show our commitment to these strategic growing markets.