New Risk • 5h
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €68k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$24m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 8.9% per year over the past 5 years. Minor Risk Significant insider selling over the past 3 months (€68k sold). Tillkännagivande • May 21
Vuzix Corporation Showcases Advanced Waveguide Solutions for Defense and Tactical Operations Vuzix Corporation exhibited its advanced waveguide solutions on May 18-21 at SOF Week 2026 in Tampa, Florida, the premier gathering where special operations leaders, operators, and innovators converge to shape the future of mission-critical technology. Vuzix waveguide systems deliver mission-ready optical performance for defense applications operating in denied and degraded environments. Designed for covert nighttime operations with minimal forward light glow and exceptional daylight visibility, Vuzix' lightweight optical platforms provide hands-free access to mission-critical information while enhancing situational awareness, mobility, and operational effectiveness. Among other solutions on display at SOF Week 2026, Vuzix will be showcasing its CIV-40-2 waveguide, which offers a full-color 40 degree field of view, HD resolution and is designed for vertical-mount HMDs. At SOF Week 2026, Vuzix will be located in booth #5823 in the Human Performance and Education zone at the Westin Hotel in Tampa, Florida. Interested parties are welcome to contact Adam Bull at adam_bull@vuzix.com to schedule a meeting or learn more about the Company's smart glasses and OEM waveguide solutions. Tillkännagivande • May 07
Vuzix Corporation Showcases Latest Advanced Ai-Driven Smart Glasses and Partner Solutions At Sid Display Week Vuzix Corporation exhibited its smart glasses and multiple partner solutions at SID Display Week 2026 at the Los Angeles Convention Center in Los Angeles, California on May 3-8. At this event, Vuzix highlighted its in-house OEM waveguide design and manufacturing capabilities, which span custom optical design, advanced fabrication, and scalable high-volume production. Vuzix demonstrated the latest versions of the Ultralite Pro OEM reference platform, along with its LX1 and Z100 smart glasses at booth #557, showcasing AI-driven functionality across a range of real-world use cases. The exhibit also featured the Company's new optical module collaborations, including prescription-ready push-pull waveguide solutions with integrated photochromic and electrochromic (EC) technologies, enabling adaptive light control for outdoor comfort and dynamic dimming for enterprise and defense environments. These recent collaborations further demonstrate the Company's position as a vertically integrated high-volume supplier capable of supporting global OEM programs from prototype through full commercialization. Rayprus, which specializes in optical design and advanced display module packaging, demonstrated its next-generation full-color uLED xCube light engine integrated with a Vuzix waveguide. Additional light-engine partner solutions at the Vuzix booth were a front-lit LCOS display from Himax and a uLED projector from Hongshi. Redoxlens, a leading innovator in electrochromic (EC) technology specializing in advanced light control solutions for next-generation optical applications, also joined Vuzix at its booth, showcasing its latest advances in electrochromic (EC) technology for next-generation optical applications. Its proprietary lenses deliver a broad visible light transmission (VLT) range from 80% to 20%, allowing seamless adaptation to changing environments. With patented multi-level tint control, users can fine-tune transparency for optimal comfort and performance. The technology also features a battery-economizing memory effect, requiring power only during transitions while maintaining the selected tint with zero energy use. Vuzix was located in booth #557 at Display Week 2026, adjacent to the AI and XR pavilions. Interested parties are welcome to contact Adam Bull at adam_bull@vuzix.com to schedule a meeting or learn more about the Company's smart glasses and OEM waveguide solutions. Tillkännagivande • Apr 29
Vuzix Corporation, Annual General Meeting, Jun 16, 2026 Vuzix Corporation, Annual General Meeting, Jun 16, 2026. Location: at the rit inn & conference center, located at 5257 west henrietta road, henrietta, new york 14467, United States Tillkännagivande • Apr 14
Vuzix Corporation Launches Pick & Pack Validation Program Vuzix Corporation announced the launch of its Pick & Pack Validation Program, a kit-based hardware and software solution designed to accelerate deployment of smart glasses in warehouse and distribution environments. Building on recent successful enterprise deployments and expanding customer adoption, the program provides a streamlined path for organizations to validate and scale hands-free workflows using smart glasses, without complex integration or extended pilot cycles. Vuzix will showcase the Pick & Pack Validation Program at MODEX 2026, taking place April 13–16 at the Georgia World Congress Center in Atlanta. Program participants receive a pre-configured starter kit that includes either the Vuzix M400 or LX1 smart glasses, preloaded with Mobilium, Vuzix' software platform compatible with SAP and other warehouse and enterprise systems. The kit includes five ready-to-run common warehouse workflows: pick assist, goods receipt, pack assist, pallet build, and bin audit. These workflows closely mirror real-world operations and allow customers to assess performance improvements within their own environments. Designed to move customers from evaluation to operational use within days, the program provides a hands-on proof point demonstrating how smart glasses can improve picking accuracy, packing speed, receiving efficiency, and inventory control within an organization. By combining smart glasses hardware, software, and workflows into one package, the program accelerates time-to-value and provides a clear, low-risk path from evaluation to full deployment. MODEX 2026 participants wanting to explore the Pick & Pack Validation Program can connect with Robby Moss to set up an appointment during the show. Tillkännagivande • Feb 18
Vuzix Launches All-In-One Enterprise Solutions Kits Featuring Native Microsoft Teams and Zoom for Hands-Free Remote Assistance Vuzix Corporation announced the launch of Vuzix Solutions, a new portfolio of integrated enterprise smart glasses deployment kits designed to accelerate hands-free productivity for frontline workers. Each ruggedized Solutions Kit combines Vuzix smart glasses with pre-configured, software, providing organizations with a streamlined path to deployment and immediate operational impact. Introducing Remote Assist by Vuzix Solutions: The first offering in the portfolio, Remote Assist by Vuzix solutions, delivers native Microsoft Teams and Zoom support purpose-built for Vuzix smart glasses. Traditional video collaboration platforms were designed for smartphones, tablets, and personal computers, often resulting in suboptimal performance and usability when adapted to head-mounted displays. Vuzix has addressed this gap by developing smart glasses-optimized applications that provide intuitive hands-free controls, simplified call management, and a streamlined user experience, while maintaining adherence to Microsoft and Zoom security and compliance standards. Remote assistance remains one of the most established enterprise use cases for wearable technology, delivering immediate value with minimal training requirements. It is particularly well suited for hands-busy environments such as field service, logistics, manufacturing, and industrial maintenance. For some customers, Remote Assist serves as a complete out-of-the-box solution; for others, it provides a foundational entry point into broader digital transformation initiatives. In the coming months, Vuzix plans to introduce additional workflow-specific kits, with each kit delivering a tailored combination of hardware, software, and workflow optimization aligned to specific enterprise needs. Tillkännagivande • Jan 07
Avegant and Vuzix Announce New Lightweight Binocular AR Reference Design Vuzix Corporation and Avegant Corp. announced at CES 2026 a jointly developed binocular smart glasses reference design that sets a new benchmark for affordability, performance, and wearability in next-generation AR eyewear. The reference design integrates Avegant's AG-30L3, a breakthrough 0.7 cc full-color LCoS light engine, with Avegant' advanced waveguide optics, delivering bright, crisp, full-color imagery in an ultra-compact form factor. The platform enables OEMs to accelerate development of both consumer and enterprise AR smart glasses by offering a ready-to-manufacture architecture that significantly reduces size, weight, and total system cost. To support rapid commercialization, the reference design will be manufactured by Quanta Computer (TWSE: 2382.TW), one of the world’s leading electronics ODMs and a long-time partner to global consumer technology brands, with key innovations including an ultra-compact display system powered by the AG-30L3 delivering high brightness and full-color imagery from a light engine measuring only 0.7 cc, a lightweight binocular form factor featuring a sleek and comfortable industrial design optimized for everyday wear and incorporating Vuzix’ Incognito™ for discrete content viewing, high-efficiency waveguide optics using Vuzix’ proprietary waveguides to ensure bright, transparent and high-contrast visuals, a push-pull prescription lens-ready design supporting users with and without vision correction while eliminating bulky clip-on solutions, and a cost-optimized architecture leveraging Quanta’s high-quality and large-scale manufacturing capabilities to reduce system cost and accelerate time to market. Tillkännagivande • Jan 05
Vuzix Corporation Showcases AI-Powered Smart Glasses and Waveguide Solutions with its Global Ecosystem Partners at CES 2026 Vuzix Corporation is excited to showcase its latest innovations and joint solutions at the 2026 Consumer Electronics Show (CES) in Las Vegas, Nevada, from January 6-9. Visitors can experience Vuzix' advanced hardware solutions and waveguide technologies at Booth #19340 in the Center Hall of the Las Vegas Convention Center. On the OEM waveguide front, Vuzix is once again pushing the boundaries of what's possible in advanced optics. Paired with cutting-edge display engines, from microLEDs to ultra-compact, full-color LCoS projectors, as well as a novel laser-LCoS projectionor from partner Vitrealab, these solutions showcase how these technologies are shaping the next generation of lightweight, AI-powered wearable devices. Some of these solutions will be shown as implemented in the Ultralite Pro enterprise platform and Z100 smart glasses. Also on display in the Vuzix booth will be a jointly developed binocular smart glasses reference design that sets a new benchmark for affordability, performance, and wearability. The lightweight, ultra-compact design, available to be manufactured by Quanta Computer for OEMs, pairs Vuzix' advanced waveguides with an Avegant full-color LCoS light engine to deliver bright, crisp visuals in a discreet binocular form factor with Vuzix' Incognito viewing technologies and a push-pull prescription lens system that seamlessly supports users with or without vision correction. Enterprise Smart Glasses: Real Work. Live at CES. Vuzix will showcase how augmented reality is revolutionizing frontline work with live, hands-on demonstrations focused on logistics, field service, and step-by-step work instructions. Using Vuzix LX1 smart glasses, the Vuzix Ultralite Pro platform, and Vuzix M400 smart glasses, attendees will see how enterprise teams can work faster, safer, and smarter--without ever taking their hands off the job. Powered by Vuzix Mobilium warehousing software and software partners Augmex and Field Pal these demos highlight real-world deployments where AR combines with AI to deliver immediate productivity gains and measurable ROI. Building on these demonstrations, the Company's President of Enterprise Solutions, Dr. Chris Parkinson, will unveil the soft launch of a faster, easier path for scalable smart glasses deployments with his Vuzix Solutions go-to-market strategy and smart glasses kits. Combining rugged hardware, proven software specific to client needs, AI capabilities, and deployment support, Vuzix Solutions is expected to roll out in 1Q2026, and delivers a complete ecosystem for clients to best utilize the power of AR and AI in the workplace. Tillkännagivande • Sep 23
Vuzix Corporation announced that it has received $19.999583 million in funding from Quanta Computer Inc. On September 22, 2025, the Vuzix Corporation closed the transaction by issuing series B preferred stock under third and final tranche as per agreement. The company has raised $19,999,583 million in funding so far in the transaction. Tillkännagivande • Sep 08
Vuzix Corporation Appoints Chris Parkinson as President, Enterprise Solutions Vuzix Corporation announced the appointment of Dr. Chris Parkinson as President, Enterprise Solutions at Vuzix. A pioneer in enterprise smart glasses and the visionary co-founder behind RealWear, Dr. Parkinson joins Vuzix to lead its enterprise business into a new era of strategic growth, platform resilience, and global scale. Dr. Parkinson brings nearly three decades of experience spanning AR, AI, SaaS, and speech-driven interfaces, with a proven track record of entrepreneurship, commercialization, and advanced product development. At RealWear, he served as both Chief Technology Officer and later CEO, guiding the company through fundraising, international expansion, and strategic acquisitions. Earlier in his career, he contributed to pioneering wearable and distributed computing platforms at Kopin Corporation, Alien Technology, and Pacific Northwest National Laboratory.
Dr. Parkinson will oversee Vuzix' enterprise product portfolio and go-to-market strategy, including the total customer solution, sales, strategic partnerships, customer adoption, and global channel expansion. His arrival marks a milestone for both Vuzix and the broader wearable computing industry, as he joins forces with Paul Travers—together, two powerhouses in the smart glasses space—ushering in a bold new chapter for Vuzix. Their combined leadership and industry knowledge, along with their shared commitment to innovation, security, and scale, position Vuzix to lead the next wave of enterprise AR adoption across frontline industries worldwide. Tillkännagivande • Aug 12
Vuzix Introduces LX1 Smart Glasses Designed Specifically for Warehouse Operations Vuzix®? Corporation announced Vuzix LX1™? smart glasses, a purpose-built ruggedized solution for hands-free operation in the warehouse that can support a single shift on one charge. The LX1, which was designed by Vuzix with its years of smart glasses experience, will be manufactured by Vuzix partner Quanta Computer bringing their excellence in manufacturing and quality. The LX1 is expected to start sampling shortly with production and general availability expected to commence before year-end. Equipped with next-generation technology, the LX1 is purpose-built to stand up to the physical demands of modern logistics environments, integrating seamlessly into existing workflows without the friction of complicated onboarding or extensive retraining of other advanced digital tools. Vuzix LX1 smart glasses enhance productivity by combining powerful scanning capabilities and a heads-up Sony OED color HD display with a powerful processor and user-friendly workplace features. With integrated voice control and at-a-glance access to pick lists and data, distribution centers looking to upgrade their aging voice-only picking devices can take advantage of the significant productivity gains offered by hybrid systems and get the best of both voice and vision-based systems. The LX1 enables workers to access inventory, manage shipments, and track orders without interrupting workflows or taking their eyes off the task at hand. Visual scan confirmations, especially in complex picking scenarios or loud environments where voice picking falls short, directly contribute to a more efficient, confident workforce. Productivity gains from vision picking are further supported by visual-prompt onboarding workflows and step-by-step guides with mapping, palletizing diagrams, and multi-language text. Using a growing array of enterprise applications designed for advanced workforce augmentation, Vuzix LX1 smart lenses can integrate artificial intelligence directly into workflows, providing higher levels of quality oversight on everything from inspections to picking jobs, along with camera-enabled "tell me what I'm looking at" knowledge transfer applications. Additional features include a bone conduction microphone for improved voice control and recognition even in loud workplace environments, and an enhanced array of microphones for high-quality two-way communications and voice-activated scanning. NFC tap-to-pair functionality makes utilization across shared and diverse workforces easy and convenient. With Wi-Fi 6E support, and launching with Android 15 OS, the LX1 will offer yearly OS version updates and SoC availability to 2030. Tillkännagivande • Aug 07
Vuzix Corporation Announces Board Changes Vuzix® Corporation announced that Alasdair J. MacKinnon has joined its Board of Directors. Alasdair J. MacKinnon is a seasoned finance and audit executive with over three decades of international experience across the U.S. and Europe. Currently Managing Director at Acclarity, MacKinnon has led transformative Sarbanes-Oxley (SOX) initiatives, regulatory compliance redesigns, and operational audits for a diverse range of organizations—including public companies, higher education institutions, and major distributors. Previously, MacKinnon served as Vice President of Internal Audit at Home Properties, where he enhanced data analytics in audit processes, advised on IT and risk initiatives, and contributed to strategic decision-making across multiple committees. During his tenure at Google, he managed global internal audit teams in high-risk areas such as payroll, procurement, and tax, designing controls that significantly reduced
compliance risk and improved operational efficiency. Earlier in his career, MacKinnon held leadership roles at Global Crossing and worked extensively in external audit with Arthur Andersen and PricewaterhouseCoopers in both the U.S. and the UK. A Chartered Accountant (Scotland) and Certified Internal Auditor, he is widely regarded for his collaborative leadership style, mentorship, and ability to drive sustainable improvements in financial governance. MacKinnon holds a Bachelor
of Accountancy from the University of Glasgow. His career reflects a steadfast commitment to integrity, innovation, and continuous learning. Finally, Mr. Edward W Kay, Jr., a member of Vuzix Corporation's Board of Directors since April 2016, passed away suddenly in July 2025. Mr. MacKinnon will be taking over Mr. Kay's responsibilities on the board including the role of Chairperson of the Audit Committee. Tillkännagivande • Apr 30
Vuzix Corporation (NasdaqCM:VUZI) acquired advanced waveguide R&D facility in Milpitas, California. Vuzix Corporation (NasdaqCM:VUZI) acquired advanced waveguide R&D facility in Milpitas, California on April 29, 2025.
Vuzix Corporation (NasdaqCM:VUZI) completed the acquisition of advanced waveguide R&D facility in Milpitas, California on April 29, 2025. Tillkännagivande • Apr 22
Vuzix Corporation, Annual General Meeting, Jun 17, 2025 Vuzix Corporation, Annual General Meeting, Jun 17, 2025. Location: the doubletree by hilton located at 1111 jefferson, road, new york 14623, rochester, United States Tillkännagivande • Mar 12
Vuzix Corporation Announces Peter Jameson to Step Down as COO On March 11, 2025, Peter Jameson, COO of Vuzix Corporation, notified the Company of his decision to step down from his position due to health reasons, effective immediately. Mr. Jameson has served the Company in this role since January 10, 2022, and the Board of Directors expresses its gratitude for his leadership and contributions during this time. At this time and in consultation with Mr. Jameson, the Company has re-aligned and expanded some its senior staff members' responsibilities accordingly. Vuzix, is committed to ensuring a smooth transition through the process. The Board of Directors and the Company extend their best wishes to Mr. Jameson for a swift recovery and continued health. Tillkännagivande • Feb 28
Vuzix® Corporation Announces Launch of Their AI-Powered Transcription Service Using Vuzix Z100™ Smart Glasses Vuzix® Corporation announced the launch of their AI-powered transcription service using Vuzix Z100™ smart glasses. Designed to enhance accessibility for the deaf or hard of hearing, the TranscribeGlass solution leverages AI to convert speech into text with sub-300 millisecond latency, ensuring fast and accurate closed captions. The system connects via Bluetooth to a customer's existing smartphone or tablet and functions seamlessly in both quiet and noisy environments. Additionally, speaker identification technology allows users to follow conversations more easily in group settings. Tillkännagivande • Feb 04
Vuzix Corporation Announces the Launch of Their AugmentOS Vuzix Corporation announced the launch of their AugmentOS, a universal operating system designed for smart glasses, including the Vuzix Z100™. AugmentOS combines cutting-edge AI functionality with a revolutionary development platform, unlocking new possibilities for users and developers alike.Now available at AugmentOS.org, AugmentOS 1.0 is a first-of-its-kind operating system and super app that enhances human potential through AI-powered intelligence. It comes pre-enabled with an array of essential features, including real-time captions, instant translation, proactive AI assistance, smart notifications, AI dashboards, and language learning tools—all seamlessly integrated to work right out of the box.Beyond its built-in capabilities, AugmentOS introduces a development platform that simplifies smart glasses app development. Developers can now build a single application that runs across multiple smart glasses models, while multiple AI assistants can work in parallel, using real-world context to proactively assist users throughout their day. With the launch of AugmentOS, Vuzix and Mentra are making AI-powered smart glasses more accessible, functional, and developer-friendly than ever before, paving the way for the next generation of augmented reality experiences. Tillkännagivande • Jan 09
Vuzix Corporation and Several Partners Demonstrate Growing Ecosystem of Advanced Applications Running on Vuzix Smart Glasses At CES 2025 Vuzix®? Corporation announced 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 M 400 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 improves 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. Reported Earnings • Nov 17
Third quarter 2024 earnings released: US$0.14 loss per share (vs US$0.17 loss in 3Q 2023) Third quarter 2024 results: US$0.14 loss per share (improved from US$0.17 loss in 3Q 2023). Revenue: US$1.39m (down 36% from 3Q 2023). Net loss: US$9.22m (loss narrowed 16% from 3Q 2023). Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has fallen by 59% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Oct 15
Vuzix Corporation Announces Android 13 Upgrade and Support for its M400 Enterprise Smart Glasses Vuzix Corporation announced that it is releasing for general availability a full final version of the Android 13 mobile operating system for its M400 enterprise smart glasses, underscoring the Company's firm commitment to device security and meeting customer needs. The Android 13 operating system upgrade provides Vuzix customers with the latest and highest-level security possible for head-worn devices, paired with a set of compatible developer tools that continues to enable the creation of advanced M400 software and updates on Android 13. The software's many features include: security updates with ongoing support; improvements to WiFi networking algorithms; improvements to Enterprise device management; improved Android permissions management; and updated from Android API 30 to API 33 for app developers. Tillkännagivande • Sep 03
Vuzix Corporation announced that it expects to receive $20 million in funding from Quanta Computer Inc. Vuzix Corporation entered into a securities purchase agreement with new investor Quanta Computer Inc. for issuance of 7,692,308 common shares at a price of $1.30 per share for gross proceeds of $10,000,000.4; and series B preferred shares for gross proceeds of $10,000,000; for aggregate gross proceeds of $20,000,000.4 on September 3, 2024. The first closing under the purchase agreement, for the sale of $10,000,000 common stock, will occur fifteen business days after the day on which closing conditions for such closing are met or waived, or such other date as may be agreed. The second closing under the purchase agreement, for the sale of $5,000,000 series B preferred stock, at a purchase price per share equal to the higher of (a) $13.00 or (b) ten times the volume-weighted average sale price of the common stock for the thirty trading days before the date on which the conditions for the second closing are met, will occur fifteen business days after the day on which closing conditions for such closing are met or waived, or such other date as may be agreed. The third closing under the purchase agreement, for the sale of $5,000,000 series B preferred stock, will occur fifteen business days after the day on which closing conditions for such closing are met or waived, or such other date as may be agreed. The purchase agreement may be terminated by either party if the second closing has not occurred within 12 months from the date of the purchase agreement, or if the third closing has not occurred within 18 months from the date of the purchase agreement. Reported Earnings • Aug 16
Second quarter 2024 earnings released: US$0.62 loss per share (vs US$0.14 loss in 2Q 2023) Second quarter 2024 results: US$0.62 loss per share (further deteriorated from US$0.14 loss in 2Q 2023). Revenue: US$1.09m (down 77% from 2Q 2023). Net loss: US$40.6m (loss widened 349% from 2Q 2023). Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 58% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Aug 13
Vuzix Introduces M400 Xtreme Smart Glasses for Use in A Variety of Harsh Workplace Environments Vuzix Corporation announced the introduction of M400 Xtreme smart glasses, a new kit that incorporates numerous advancements to its already widely adopted M400, and features the new Xtreme Weather power bank, a lightweight, long lasting battery that, just like the main M400 Xtreme, is IP67-rated against dust and water intrusion and operates at temperatures ranging from -20°C to 45°C (-4°F – 113°F). Vuzix will be offering the M400 Xtreme kit as an out-of-the-box remote support solution that improves upon its currently available M400 All Weather Kit, specifically with a greater battery capacity, use in the harshest workplace environments, and comfortable headband for long shifts. This new combination of features makes the M400 Xtreme an ideal solution for remote field service assignments and all-day cold storage warehouse duty. To further maximize smart glasses adoption across harsh and remote field assignments, Vuzix is proud to announce a new Collaboration Package offer. For a limited time, the company will be extending all new and existing M400 customers free access to many of the most popular AR communication tools, including Vuzix Video Conferencing for Zoom. These tools enable users to start or join a meeting easily and instantly using hands-free technology, share their point of view using video streaming and more, all on Vuzix M400 smart glasses, and using the teleconferencing apps that clients have already adopted into their workflows. New Risk • Jul 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$44m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$44m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$30m net loss next year). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Market cap is less than US$100m (€81.6m market cap, or US$87.4m). Tillkännagivande • Jun 19
Vuzix Corporation Announces its Intention to Offer High Durability Plastic Waveguide Design and Production Capabilities Vuzix Corporation announced that the Company intends to offer the design and manufacture of diffractive waveguides using plastic, in addition to glass. Vuzix will be displaying new early samples of these waveguides during Augmented World Expo USA 2024 (AWE), by appointment only, which begins and runs through June 20 at the Long Beach Convention & Entertainment Center in Long Beach, California. Plastic waveguides offer several potential advantages over glass, most notably greater impact resistance and lighter weight. They can offer refractive indexes of 1.70 or greater, below that of high-index glass formulations, but still sufficient for certain field of view (FOV) waveguide configurations. Like glass, plastic waveguides can be made extremely flat, which is necessary for adding integrated vision correction. Tillkännagivande • Jun 15
Vuzix Revolutionizes the Display Technology Industry with Introduction of Large Format Waveguide Design and Manufacturing Vuzix Corporation announced that it now has the unique capability to design and produce large format waveguides in its waveguide production facility, a cutting-edge innovation that will redefine the way heads-up visual content is experienced. Large format waveguides, which can range in diagonal size from several inches to several feet or more, represent a significant leap forward in display technology, offering unparalleled clarity, brightness, and immersion. They can be one-quarter inch thick and provide monochrome or full color visuals. These innovative waveguides are designed to enable the creation of large-scale see-through displays with impressive visual fidelity, enabling use cases in the automotive, retail, medical, enterprise, aviation and defense industries, among others. At the heart of this breakthrough technology is the ability to efficiently guide light in and throughout a glass panel, resulting in vibrant images that maintain their brilliance even in well-lit indoor environments. This transformative feature ensures that content remains striking and impactful regardless of ambient lighting conditions, setting anew standard for see-through display performance. Vuzix' large portfolio of waveguide patents and design know-how will allow customers to specify unique shapes and sizes well beyond those used in conventional smart glasses and other see-through displays. Vuzix has developed custom manufacturing processes and equipment to make these large format waveguides a reality. Tillkännagivande • May 01
Vuzix Corporation, Annual General Meeting, Jun 13, 2024 Vuzix Corporation, Annual General Meeting, Jun 13, 2024, at 10:30 US Eastern Standard Time. Location: the DoubleTree by Hilton located at 1111 Jefferson Road, Rochester, New York 14623 New York United States Agenda: To discuss elect five (5) directors to serve until the 2025 Annual Meeting of Stockholders and until their successors are duly elected and qualified; to ratify the selection of Freed Maxick CPAs, P.C. as the independent registered public accounting firm of the Company for the year ending December 31, 2024; to conduct an advisory vote on executive compensation; and to transact such other business as may properly come before the meeting or any adjournment thereof. Tillkännagivande • Apr 02
Vuzix Corporation announced delayed annual 10-K filing On 04/01/2024, Vuzix Corporation announced that they will be unable to file their next 10-K by the deadline required by the SEC. New Risk • Mar 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$37m net loss next year). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). New Risk • Feb 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €92.1m (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$37m net loss next year). Market cap is less than US$100m (€92.1m market cap, or US$99.7m). Tillkännagivande • Jan 30
Vuzix Corporation Appoints Dr Shabbir Khambati as Chair Vuzix Corporation announced the appointment of Dr Shabbir Khambati as the chair and a founding board member. Tillkännagivande • Jan 10
Vuzix Introduces Z100 Smart Glasses to Seamlessly Connect Workers with Ai Optimization Tools Vuzix® Corporation announced the unveiling of Vuzix Z100 smart glasses, which will initially be offered as a developer's edition. Built using the Vuzix Ultralite OEM PlatformSM, these safety glasses-certified smart glasses are sleek and made for all day wear. Using them, workers get a human-centered connection to AI and work process applications, receiving critical updates, convenient workflow and task confirmations, and notifications in real time, all while wearing a pair of glasses that workers will enjoy having on. Vuzix Z100 smart glasses pair seamlessly via Bluetooth with Android or iOS IOT devices. They represent the first attractive, functional bridge between AI platform tools, where situational guidance can streamline workflows, and human workers can reap the benefits of a truly connected workplace. In addition to a lightweight AI interface, Vuzix Z100 glasses can augment the data feed from finger scanners, sensors, controllers, and other equipment with minimal native UI, making that data available in a new and highly accessible format. Tasks with sub-standard user feedback due to device or process limitations can now have their workflows displayed in the user's heads up display, providing human-centered outputs and real-time updates. Running up to 48 hours on a single charge, Vuzix Z100 smart glasses pack industry-defining heads-up waveguide technology into a sleek, fashionable form factor that weighs in at just 35 grams – the weight of a standard pair of glasses. Advanced monocular waveguide optics, combined with Vuzix' custom micro display engine, create a crisp, transparent, monochrome image that can deliver all the important information on a user's Android or iOS device, hands-free right before their eyes. Wearers get heads-up access to important task information, from language translation and closed captioning, to directions, to health and workout status, to messaging, workflow outputs and much more. Best of all, Vuzix Z100 smart glasses provide a sleek, attractive form factor that frontline employees will want to wear. Vuzix Z100 smart glasses will be on display at the Consumer Electronic Show (CES) taking place January 9-12, 2024 in Las Vegas, Nevada. Visit Vuzix at booth #20143. Tillkännagivande • Jan 05
Vuzix Corporation Announces to Showcase Robust Lineup of AI-Enabled Smart Glasses and Interactive, Demonstrations At Consumer Electronics Show Vuzix Corporation announced to showcase a robust lineup of AI-enabled smart glasses and interactive, demonstrations at this year's Consumer Electronics Show being held in Las Vegas, Nevada. In addition to displaying its new CES 2024 Innovation Awards-winning Vuzix Ultralite™? S AR smart glasses OEM design, Vuzix will be demonstrating its M-Series, Vuzix Shield™? and forthcoming Artificial Intelligence optimization wearable at its booth (#20143 in the Center Hall of the Las Vegas Convention Center). Demonstrations at the Vuzix booth will enable visitors to: See how Vuzix Ultralite smart glasses can enhance everyday life: do leg lifts as check out a fitnessacker; stay on course with a running demo; see SMS messages; get updated game scores; keep up to date on the stock market, and more; Experience some of the most common medical use cases involving smart glasses, including device selection and management, surgical protocols, and even brain surgery. Walk through the process of rebooting a cell tower, getting step-by-step instructions in an interactive field service demo using Vuzix Shield smart glasses. Perform inventory management using Vuzix' sleek Ultralite OEM Platform smart glasses and a connected finger scanner to complete basic receiving tasks, getting scan confirmations via the glasses' heads-up display in a retail logistics demo. Tour Vuzix' OEM offerings and learn how waveguide and display engine technologies work, and understand why Vuzix is the only manufacturer enabling the next phase of high-volume, low-cost optics systems, all designed and manufactured in the USA. Booth visitors will also have the opportunity to explore Vuzix' new award-winning Ultralite S AR smart glasses. Aimed in part at sports and fitness users, these glasses boast a sleek design that delivers hands-free, wireless connectivity to the information from the wearer's smartphone or smartwatch. Vuzix Ultralite S also employs Vuzix Incognito technology, virtually eliminating the eyeglow or forward light found with other waveguide-based solutions. Totally customizable, the Vuzix Ultralite OEM Platform can be designed with in different styles, colors, and technology configurations to give consumers the look and feel for their individual lifestyles. Reported Earnings • Nov 10
Third quarter 2023 earnings released: US$0.17 loss per share (vs US$0.15 loss in 3Q 2022) Third quarter 2023 results: US$0.17 loss per share (further deteriorated from US$0.15 loss in 3Q 2022). Revenue: US$2.18m (down 36% from 3Q 2022). Net loss: US$11.0m (loss widened 16% from 3Q 2022). Revenue is forecast to grow 49% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year and the company’s share price has also fallen by 3% per year. Tillkännagivande • Oct 27
Vuzix Corporation to Report Q3, 2023 Results on Nov 09, 2023 Vuzix Corporation announced that they will report Q3, 2023 results on Nov 09, 2023 New Risk • Aug 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings are forecast to decline by an average of 2.0% per year for the foreseeable future. Minor Risk Currently unprofitable and not forecast to become profitable next year (US$40m net loss next year). Reported Earnings • Aug 09
Second quarter 2023 earnings released: US$0.14 loss per share (vs US$0.16 loss in 2Q 2022) Second quarter 2023 results: US$0.14 loss per share (improved from US$0.16 loss in 2Q 2022). Revenue: US$4.69m (up 56% from 2Q 2022). Net loss: US$9.04m (loss narrowed 9.7% from 2Q 2022). Revenue is forecast to grow 45% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Jul 25
Vuzix Corporation to Report Q2, 2023 Results on Aug 08, 2023 Vuzix Corporation announced that they will report Q2, 2023 results on Aug 08, 2023 Tillkännagivande • Jun 25
Vuzix Corporation(NasdaqCM:VUZI) dropped from Russell 2000 Growth Index Vuzix Corporation(NasdaqCM:VUZI) dropped from Russell 2000 Growth Index Reported Earnings • May 11
First quarter 2023 earnings released: US$0.16 loss per share (vs US$0.17 loss in 1Q 2022) First quarter 2023 results: US$0.16 loss per share (improved from US$0.17 loss in 1Q 2022). Revenue: US$4.19m (up 68% from 1Q 2022). Net loss: US$10.2m (loss narrowed 2.5% from 1Q 2022). Revenue is forecast to grow 47% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 03
Full year 2022 earnings released: US$0.64 loss per share (vs US$0.66 loss in FY 2021) Full year 2022 results: US$0.64 loss per share. Revenue: US$11.8m (down 10% from FY 2021). Net loss: US$40.8m (loss widened 1.0% from FY 2021). Revenue is forecast to grow 42% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Consumer Durables industry in Germany. Tillkännagivande • Jan 26
Vuzix Corporation Announces Smart Glasses Running on 4G and 5G Networks Continues to Steadily Expand Vuzix Corporation announced that the Company continues to see growing smart glasses demand within the telecom service provider vertical as more devices take advantage of 4G and 5G networks to provide low latency remote support. Over the last 60 days, Vuzix has received a collective mid-six figure orders placed by several customers for such use. Remote support over provider 4G and 5G networks using Vuzix smart glasses can enhance collaborations, increase productivity, streamline workflows, and improve customer satisfaction. They can connect workers on their plant floor or in the field with moment-of-need support from experts across the cellular network, including relevant work instructions and diagnostic assistance. Live video streaming means remote experts can see exactly what the smart glasses wearer is seeing in real time, record it and allow others to augment the wearer's view with overlays and assistive tools. For telecom service providers, significant opportunities exist for both internal and external customer use. Tillkännagivande • Jan 04
Vuzix® Corporation to Showcase At Consumer Electronics Show 2023 One of the Industry's Broadest and Most Competitive Lines of AR Smart Glasses Vuzix® Corporation showcased a robust lineup of smart glasses at this year's Consumer Electronics Show being held in Las Vegas, Nevada. In addition to displaying its new CES 2023 Innovation Awards winning Vuzix Ultralite™ AR smart glasses OEM design, which uses Vuzix' industry leading waveguides and the latest microLED displays, Vuzix will be demonstrating its M-Series, Vuzix Blade 2™ and Vuzix Shield™ AR smart glasses at its booth (#16991 in the Center Hall of the Las Vegas Convention Center). Demonstrations at the Vuzix booth, which are highlighted in a new blog available here, will include: Using a Vuzix accessory adaptor and a compatible infrared camera, including FLIR cameras, Vuzix M-Series AR smart glasses will allow visitors to see in the infrared spectrum, giving them a heads-up display of what's normally hidden from view. Infrared video can also be broadcast over Zoom to enable team inspections. Using Vuzix Blade 2 AR smart glasses, visitors will be put in charge of solving a real-life industrial challenge, the resetting of an electric power station, using on-glasses video and a set of work instructions. Using Vuzix Shield AR smart glasses, visitors will be put in the role of a quality check inspector checking one of the most beautiful bikes ever, a real MV Agusta Superveloce 8001, to perform a scan for equipment recalls. Using Teamviewer Frontline software running on Vuzix M400 AR smart glasses, visitors will be able to explore how major distribution centers drive efficiency improvements every day. Finally, as part of its OEM offerings, Vuzix will be showcasing the 2023 CES award winning, sleek, AR smart glasses reference design called Vuzix Ultralite. Offering fully customizable form factors, optics and more, Vuzix OEM solutions produce smart glasses and components that are miles ahead of the pack to support the worldwide adoption of AR. Reported Earnings • Nov 11
Third quarter 2022 earnings released: US$0.15 loss per share (vs US$0.13 loss in 3Q 2021) Third quarter 2022 results: US$0.15 loss per share (further deteriorated from US$0.13 loss in 3Q 2021). Revenue: US$3.43m (up 14% from 3Q 2021). Net loss: US$9.48m (loss widened 19% from 3Q 2021). Revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Nov 04
Vuzix Corporation Announces General Availability of M400C Smart Glasses Vuzix Corporation announced that its Vuzix M400C™ smart glasses are now available for customer orders in the US, Canada, UK, EU and Japan. Vuzix M400C smart glasses list for $1299.99 and interested customers should contact the Company sales department directly. Vuzix M400C smart glasses use the same proven form factor as the Company's M400 smart glasses and come equipped with an autofocus HD camera capable of streaming 1080p video at 60 fps, crisp OLED display, noise canceling microphone, voice control, speaker, buttons and touchpad, all built to IP67 standards. The M400C also mounts to all M-Series mounting accessories. Unlike Vuzix M400™ smart glasses, the M400C is not a standalone computing device and is instead designed to function as a USB-C peripheral that can attach to a portable computer or smartphone supporting USB-C DisplayPort Alt Mode. Vuzix M400C smart glasses offer multiple differentiators. For high security environments, the M400C causes no IT overhead as it ties directly into clients' already approved mobile ecosystem. It also facilitates device consolidation through control of phones, hand-held devices or other external equipment. The M400-C does not employ a separate battery as it is completely powered by the device it is tethered to, and at 68 grams, it weighs a small fraction of other comparable wearable devices that are on the market. Tillkännagivande • Nov 02
Vuzix Corporation (NasdaqCM:VUZI) acquired Moviynt, Inc. Vuzix Corporation (NasdaqCM:VUZI) acquired Moviynt, Inc. on November 1, 2022. With the acquisition, Moviynt becomes a Vuzix wholly owned subsidiary. The acquisition is expected to be accretive with a low six figure revenue contribution projected for fourth quarter of 2022.
Vuzix Corporation (NasdaqCM:VUZI) completed the acquisition of Moviynt, Inc. on November 1, 2022. Tillkännagivande • Sep 29
Vuzix Announces General Availability of Blade 2™ Smart Glasses Vuzix® Corporation announced that its Blade 2™ smart glasses, the third generation Blade model, are now generally available to customers in the US, Canada, UK, EU and Japan. The product had previously been shipping to Vuzix global channel partners since the start of September. Vuzix Blade 2™ smart glasses list for $1299.99 and are for purchase on the Company's website here and here is an information video for some of the top level specifications. Vuzix Blade 2 smart glasses offer ultrabright waveguide optics, merging digital instructions into real-world tasks while removing distractions and vision occlusion, leading to reduced error rates and a more effective workforce. With safety being at the forefront of all product decisions, Blade 2 smart glasses also offer full UV protection lenses, plus ANSI Z87.1 safety certifications, ensuring that the glasses meet the standards for occupational eye and face protection. Blade 2 smart glasses have been optimized for enterprise use across a broad number of applications. The product houses a high-performance Qualcomm processor that now runs on Android 11 OS, in support of a large variety of enterprise-focused software like MS Teams, Zoom and TeamViewer. In addition to the Android update, the glasses can integrate with common MDM solutions for easier device management and there is increased security with the integrated memory management. To top it off, the device offers expanded Wi-Fi capabilities for diverse workplace environments. Tillkännagivande • Aug 25
Vuzix Announces Vuzix Blade 2™ Smart Glasses: High Performance AR Eyewear in A Stylish Form Factor for the Deskless Workforce Vuzix® Corporation introduced Blade 2™ smart glasses, its third generation Blade model. The Blade 2™ is an AR workforce solution based on the popular Blade form factor that delivers a host of advanced features and high performance specifically designed to meet the needs of connected workers. Vuzix Blade 2™ smart glasses list for $1,299.99 and will be available for purchase on the Company's website in September for shipment within the US, EU, UK, Canada and Japan. Configured primarily for commercial use, Vuzix Blade 2™ smart glasses pack a power efficient high performance Qualcomm processor that now runs Android 11 in support of a large variety of enterprise-focused apps. The glasses offer simple integration with major mobile device management tools along with a robust 40GB of integrated storage and enhanced security. Enhanced connectivity options through WiFi and Bluetooth now provide support for both 2.4GHz and 5GHz networks, enabling improved connectivity options. See-through waveguide optics provide a private, ultrabright virtual display that delivers crisp, 24-bit full-color images regardless of whether workers are using them indoors or in sunlight. Vuzix Blade 2's lightweight form factor still provides all-day comfort and protection, keeping front line workers collaborating safely with noise cancelling microphones, integrated in-temple stereo speakers, HD camera, and ANSI Z87.1 safety glasses certification. Prescription inserts for vision correction are also available. Tillkännagivande • Aug 17
Vuzix Corporation Announces Vuzix M400 Smart Glasses Begin Use Case in Japan for Ambulance Emergency Medical Care Vuzix Corporation announced that its M400 smart glasses are currently being trialed in Japan for an emergency medical care plan with the objective of providing early treatment in an effort to improve patient outcomes and lifesaving rates for critically ill patients undergoing transport to the hospital. The collaborative effort on this trial involves Juntendo University, Shizuoka Hospital, the Shunto Izu Fire Department, and AVR Japan Co. Ltd. In this trial, emergency medical technicians (EMTs) are using Vuzix M400 smart glasses to convey medical information from the ambulance to the hospital from the moment of patient engagement to their delivery to the hospital. Previously, the only means of communication between rescuers and doctors waiting in the hospital was via mobile phone calls, and information sharing was only vocal. By using smart glasses with two-way audio and video communications, it becomes possible to share medical information such as vital signs and ECG readouts, as well as the patient's facial expressions and other visual changes in condition, in real time to doctors and nurses who are on standby at the hospital to which they are being transported. By sharing this information in real time with the hospital, it is expected that examinations, diagnoses, and preliminary medical treatment decisions can be made by various departments in the hospital before the patient even arrives. Additionally, in-hospital doctors can better instruct accurate in-transit emergency treatment (blood transfusion, surgery, thrombolytic therapy, intravascular treatment, etc.) for time-critical illnesses such as cardiovascular diseases. Currently, Vuzix smart glasses are being used by select ambulances under the jurisdiction of the Shunto Izu Fire Department. In the future, there are plans to expand the trial to include more ambulances to provide further research on the effectiveness of smart glasses usage. Reported Earnings • Aug 11
Second quarter 2022 earnings released: US$0.16 loss per share (vs US$0.14 loss in 2Q 2021) Second quarter 2022 results: US$0.16 loss per share (down from US$0.14 loss in 2Q 2021). Revenue: US$3.01m (up 3.1% from 2Q 2021). Net loss: US$10.0m (loss widened 14% from 2Q 2021). Over the next year, revenue is forecast to grow 46%, compared to a 3.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Aug 10
Vuzix Corporation Provides Revenue Guidance for the Second Half of 2022 Vuzix Corporation provided revenue guidance for the second half of 2022. Notwithstanding the challenging supply chain and economic environments that remain in place, the company outlook for the balance of 2022 continues to be positive with the expectation that second half revenue will see further growth. Tillkännagivande • Apr 26
Vuzix Corporation to Showcase Smart Glasses At Field Service Palm Springs 2022 Vuzix® Corporation announced that the Company will be showcasing its smart glasses at Field Service Palm Springs 2022 taking place April 26-28 in Palm Springs, CA.Vuzix will also be supporting solution partners TeamViewer and Librestream at this event. Field Service is attended by a broad list of blue-chip companies that span aerospace/defense, construction, insurance, industrial machinery, medical devices, telecommunications, and utilities, among others. The event targets applications that include customer care and service, field service, global service, service repair, and tech support. At Field Service Palm Springs 2022, Vuzix and will be located at Kiosk S9 at the JW Marriott in Palm Springs, CA. Tillkännagivande • Apr 20
Vuzix Corporation Introduces Zoom for Smart Glasses Application by Vuzix Vuzix® Corporation announced the introduction of the Zoom for smart glasses application by Vuzix on the Zoom App Marketplace. As the only Zoom for smart glasses application listed on the Zoom App Marketplace, the app allows Vuzix smart glasses users to start or join a meeting with face-to-face or see-what-I-see video, screen sharing and more. Zoom for Smart Glasses by Vuzix brings video conferencing, online meetings and other features of the Zoom service into one easy-to-use application on your Vuzix smart glasses. Zoom is one of the fastest growing cloud video conferencing applications for end-to-end enterprise communications and has more than 191,000 enterprise customers that have at least 10 users. Vuzix has deployed Zoom's HIPAA/PIPEDA-compliant conferencing application with Vuzix smart glasses in numerous hospitals and healthcare organizations to help streamline their day-to-day business operations. Tillkännagivande • Mar 10
Vuzix Corporation Reports Unaudited Impairment of Patents and Trademarks for the Three Months Ended December 31, 2021 Vuzix Corporation reported unaudited Impairment of Patents and Trademarks for the three months ended December 31, 2021. For the period, the company reported Impairment of Patents and Trademarks of $14,000. Tillkännagivande • Mar 04
Vuzix Corporation announced delayed annual 10-K filing On 03/02/2022, Vuzix Corporation announced that they will be unable to file their next 10-K by the deadline required by the SEC. Reported Earnings • Mar 03
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: US$0.66 loss per share (down from US$0.53 loss in FY 2020). Revenue: US$13.2m (up 14% from FY 2020). Net loss: US$40.4m (loss widened 102% from FY 2020). Revenue missed analyst estimates by 4.8%. Over the next year, revenue is forecast to grow 35%, compared to a 7.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 17% per year. Tillkännagivande • Jan 22
Vuzix Corporation Smart Glasses Now Supports Microsoft Endpoint Manager to Streamline Device Onboarding and Provisioning for Microsoft Teams Vuzix Corporation ("Vuzix" or, the "Company") announced that its smart glasses now support Microsoft Endpoint Manager to manage devices that run on Android Open-Source Project (AOSP). The announcement of this solution follows customer feedback regarding the need to quickly and securely onboard and provision Vuzix smart glasses into applicable enterprise environments. As the world has been challenged with the global pandemic, the need for remote collaboration has been increasing. With this growing need, many companies have turned to purpose-built, head-mounted wearables. As a result, organizations are tasked with provisioning the smart glasses both efficiently and safely to protect company data. Microsoft Endpoint Manager has the ability to manage devices that run on AOSP, a solution that quickly solved the problems of many of Vuzix' enterprise-level customers. Tillkännagivande • Jan 06
Vuzix Corporation Showcases its New Shield ™ at CES 2022 as the World's First MicroLED-based Binocular Smart Glasses for Enterprise Vuzix® Corporation announced the unveiling of the Vuzix Shield ™ Smart Glasses, which were recently named a multiple CES® 2022 Innovation Awards Honoree. The Vuzix Shield Smart Glasses, previously referred to as Vuzix Next Generation Smart Glasses (NGSG), represents the most powerful binocular optically see-through smart glasses built for enterprise customers to date in an untethered sleek eyeglass format. Vuzix Shield™ is a revolutionary leap for enterprise AR smart glasses. The Vuzix Shield ™ Smart Glasses offers all the computing power and performance of the Snapdragon® XR1 platform and its enhanced AR capabilities coupled with Vuzix' propriety waveguide optics driven by miniature microLED (uLED) stereo displays to provide a completely non-occluded see-through heads-up display. Housed inside lightweight, stylish, prescription-ready safety glasses combined with stereo HD cameras, the Vuzix Shield delivers a singular wearable AR experience. Connect to the metaverse accessing IT sensors, instructions, or live remote guidance, leaving your hands free while viewing the real world seamlessly. Scan codes with an advanced OCR reader or wirelessly stream video from the field, all enabled through voice or touch. Vuzix Shield connects smart workforces with AR systems for optimized performance, safety and operational efficiency. Tillkännagivande • Jan 05
Vuzix Corporation Introduces its New M400-C Smart Glasses Vuzix Corporation introduced the Vuzix M400-C smart glasses, the latest edition to its M-Series smart glasses family, and announced that it has shipped limited initial production units to a Windows mobile computer manufacturer. Further shipments are expected to be made to select partners in first quarter of 2022 with full production and general availability commencing in second quarter of 2022. The M400-C will be priced at $1,199. The M400-C uses the same form factor as the Company's M400 smart glasses and comes equipped with an autofocus HD camera capable of streaming 1080p video at 60 fps, crisp OLED display, noise canceling mic, voice control, speakers, buttons and touchpad, all built to IP67 standards. The M400-C also mounts to all M-Series mounting accessories. Unlike the M400, the M400-C is not a standalone computing device and is designed to function as a USB-C peripheral that can attach to a portable computer or smartphone with a USB-C DisplayPort Alt interface for video display, camera in, data connections and power. The M400-C will be shown at Pepcom tonight in Las Vegas and will be on display at CES 2022 this week at the Vuzix booth located in the Central Hall of the Las Vegas Convention Center. Reported Earnings • Nov 09
Third quarter 2021 earnings released: US$0.13 loss per share (vs US$0.13 loss in 3Q 2020) The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: US$3.02m (up 8.6% from 3Q 2020). Net loss: US$7.95m (loss widened 51% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Sep 20
Vuzix Corporation Announces That the Vuzix M400 Smart Glasses Were Recently Featured in A Clinical Pilot Study Vuzix Corporation announced that the Vuzix M400 Smart Glasses were recently featured in a clinical pilot study that examined the accuracy of the Pixee Medical Knee?+?augmented reality navigation in performing Total Knee Arthroplasty (TKA). The preliminary results of the study, as discussed in the article published in the Journal of Experimental Orthopaedics, found that the Knee?+?system is accurate and effective to perform TKA, and that translation from pilot study to high-level prospective studies is warranted to assess accuracy and cost-effective analysis compared to conventional techniques. Reported Earnings • Aug 10
Second quarter 2021 earnings released: US$0.14 loss per share (vs US$0.13 loss in 2Q 2020) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: US$2.92m (down 4.0% from 2Q 2020). Net loss: US$8.78m (loss widened 85% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Jul 31
High number of new directors Independent Director Raj Rajgopal was the last director to join the board, commencing their role in 2021. Executive Departure • Jun 24
Independent Director Alexander Ruckdaeschel has left the company On the 17th of June, Alexander Ruckdaeschel's tenure as Independent Director ended after 8.6 years in the role. As of March 2021, Alexander still personally held 130.15k shares (€144k worth at the time). Alexander is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.83 years. Executive Departure • Jun 23
Independent Director Alexander Ruckdaeschel has left the company On the 17th of June, Alexander Ruckdaeschel's tenure as Independent Director ended after 8.6 years in the role. As of March 2021, Alexander still personally held 130.15k shares (€144k worth at the time). Alexander is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.83 years. Tillkännagivande • Jun 03
Vuzix Corporation Receives Medical Electric Equipment EMC Safety Standard Certification for Vuzix M400 and M4000 Vuzix Corporation announced that the Vuzix M400 and M4000 Smart Glasses have received IEC 60601-1-2:2014 certification as medical electrical equipment meeting EMC safety standards. This certification applies to the basic safety and essential performance of medical equipment and systems in the presence of electromagnetic disturbances and to electromagnetic disturbances emitted by such equipment and systems, and relates to use in professional healthcare facilities, home healthcare and other special environments. Tillkännagivande • May 19
Vuzix Introduces microLED Display-Based Projection Engine at SID 2021 Vuzix® Corporation announced at the SID/DSCC Business Conference its tiniest, lowest power, most advanced microLED display-based projection engine to be made commercially available throughout the world, along with a new video showcasing it, which can be viewed here. These micro display engines, for which Vuzix partner Jade Bird Display will be supplying the microLEDs panels inside the projection engine, are built to be useful for a number of use cases including view finders, HUDs, athletic eyewear, helmets, language translation pens, pico-projectors, and of course utilized in the most advanced fashionable and ergonomic AR smart glasses currently in development by Vuzix. Vuzix® Corporation announced at the SID/DSCC Business Conference its tiniest, lowest power, most advanced microLED display-based projection engine to be made commercially available throughout the world, along with a new video showcasing it, which can be viewed here. These micro display engines, for which Vuzix partner Jade Bird Display will be supplying the microLEDs panels inside the projection engine, are built to be useful for a number of use cases including view finders, HUDs, athletic eyewear, helmets, language translation pens, pico-projectors, and of course utilized in the most advanced fashionable and ergonomic AR smart glasses currently in development by Vuzix. Reported Earnings • May 12
First quarter 2021 earnings released: US$0.12 loss per share (vs US$0.18 loss in 1Q 2020) The company reported a solid first quarter result with improved revenues and control over costs, although losses increased. First quarter 2021 results: Revenue: US$3.92m (up 156% from 1Q 2020). Net loss: US$6.64m (loss widened 13% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • May 08
Vuzix Corporation Blade Smart Glasses Successfully Supporting Medacta's Nextar Surgical Platform Vuzix® Corporation announced a further volume order of Vuzix Blade® Smart Glasses in connection with the Company's central role supporting the NextAR surgical AR platform developed by Medacta International, one of the world's largest providers of innovative orthopedic products focusing on healthcare sustainability. Having used the Vuzix Blade to complete the first smart glasses-based total knee replacement in the US in 2020, Medacta is now using Vuzix Smart Glasses to drive new applications to leverage augmented reality in shoulder, hip and spine surgery. Reported Earnings • Mar 17
Full year 2020 earnings released: US$0.53 loss per share (vs US$0.94 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: US$11.6m (up 74% from FY 2019). Net loss: US$20.0m (loss narrowed 30% from FY 2019). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Mar 10
Rio Tinto Improves Worker Safety and Supports Local Operations At Its Oyu Tolgoi Mine Using Vuzix Smart Glasses Vuzix® Corporation announced that Rio Tinto has deployed Vuzix Smart Glasses at its Oyu Tolgoi mine located in Mongolia, which has one of the world's largest known deposits of copper and gold. As discussed in Rio Tinto's 2020 Annual Report, Rio Tinto has been focused on working safer and smarter and as part of that effort they increased their use of drones and mine pit cameras and introduced video headsets (including smart glasses) to conduct visual inspections of tailings facilities and equipment while complying with travel restrictions and physical distance requirements. At the Oyu Tolgoi underground project, Rio Tinto used Vuzix Smart Glasses to enable technical experts from all over the world to work with local teams on the project site. Tillkännagivande • Feb 20
Vuzix Smart Glasses Featured in American Medical Association Special COVID-19 Edition for Accelerating Change in Medical Health Education Systems Science Student, Resident and Fellow Impact Challenge Vuzix® Corporation announced that the Company's Vuzix M400 Smart Glasses were featured in the American Medical Association's Special COVID-19 Edition for Accelerating Change in Medical Health Education Systems Science Student, Resident and Fellow Impact Challenge. The clinical study was conducted by the University of Louisville School of Medicine and summarized in the recent publication by the American Medical Association. Shadowing and preceptorship opportunities allow students to get an early idea of what specialty they would like to pursue. The pandemic made it impossible for students around the country to safely get the desired exposure to patients and practicing physicians; making personal decisions regarding their specialty they would plan to pursue difficult at best. The University of Louisville School of Medicine, during the course of this clinical trial conducted in the spring of 2020, was able to utilize Vuzix Smart glasses to enable approximately 320 students to receive a clinical shadowing experience which would have been otherwise unavailable during the 2020 school year for first year residents due to restrictions put in place as a result of COVID-19. Another key finding from the study was that using Vuzix Smart Glasses to perform clinical shadowing provided an unprecedented view of doctor-patient interaction and procedures that were previously difficult to witness during conventional shadowing. The Vuzix Smart Glasses provided students with views of everything from suture technique to nuances in nonverbal communication between patients and caretakers. As a result of the clinical study, the University School of Medicine is currently exploring how to implement smart glasses in gross anatomy labs to supplement a virtual anatomy curriculum for third and fourth year clinical faculties to record procedures, and perform demonstrations to supplement their teaching. Is New 90 Day High Low • Feb 13
New 90-day high: €12.52 The company is up 289% from its price of €3.22 on 13 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 22% over the same period. Tillkännagivande • Feb 11
Vuzix Corporation Announces Strategic Partnership with Rods & Cones Vuzix Corporation announced a strategic partnership with Rods & Cones. Rods & Cones will add the M-Series Smart Glasses as an additional video capturing device to support optimized remote interactions between surgeons and experts. Rods & Cones provides an end-to-end surgery proximity platform to securely connect an operation theater with remote assisting surgeons, product specialists, or medical professionals anywhere in the world to support optimal collaborative workflow. This platform, which is compliant with GDPR and HIPAA regulations, now includes both the Vuzix M400 and M4000 Smart Glasses. Using the 13 MP phased detect auto focus camera providing full 4K video streaming on the Vuzix M400 and M4000 Smart Glasses, the Rods & Cones platform will let frontline workers in the operating room, ICU or other medical facility, including surgeons, instrumentalist nurses and other healthcare professionals, provide broadcast quality imagery to others while interacting with patients and staff from a safe distance. This will allow remote platform users to triple the number of surgeries they can attend in a single day. Other use cases include learning curve management, expert escalation, onboarding training of new employees and overall service level differentiation. Tillkännagivande • Feb 09
KDDI Research, Inc. Develops Smart Hands-Free Nursing Care Support System Using Vuzix Smart Glasses Vuzix Corporation announced that KDDI Research Inc. has developed a smart hands-free nursing care support system that employs Vuzix Smart Glasses. The support system, developed in conjunction with Zenkokai, a social welfare corporation that operates and manages nursing care welfare facilities in Tokyo, displays nursing care-related information using Vuzix Smart Glasses, as well as reads it aloud, by combining facial recognition and speech synthesis technology developed by KDDI Research. By using this system, staff members without detailed resident information can now have this information immediately presented on the spot, even that of new residents, making it possible to take any needed appropriate measures. Demonstration experiments using this system were conducted at Zenkokai nursing homes from October to December 2020 and confirmed that it would be useful for work in nursing care sites. For employees of nursing care facilities to provide optimal care for its residents, it is very important to always keep track of information such as what condition each resident is currently in and what kind of care they need. The nursing care industry tends to have a high turnover rate compared to other industries, a shortage of human resources, and the number of residents that one employee responds to tends to increase. In addition, residents may not be equipped with ID tags for personal identification, and there is a need for a hands-free system that allows employees to quickly identify and view information about residents to provide better services by providing personalized and informed responses to each resident. Tillkännagivande • Feb 05
Vuzix Corporation Completes Phase 1 Development of a Customized Head Mounted Waveguide-Based Display System for Assisted Medical Cancer Surgeries Vuzix® Corporation announced that the company has completed the first phase of development with a medical partner located in the USA, to build a customized head mounted display system for assisted medical cancer surgery. This program was first announced on October 6, 2020. A second phase of development is currently being contemplated by the customer and could result in potentially greater non-recurring engineering (NRE) revenues, if awarded by the customer, in subsequent phases before an accepted final product design could be expected to lead to a volume OEM production order. Tillkännagivande • Feb 03
Vuzix Smart Glasses Improve Worker Safety and Maximize Machine Uptime in the Food Processing Industry Vuzix Corporation has announced another new use case with its products for the food processing industry, utilizing a newly developed software application from TOMRA. Vuzix Smart Glasses are now compatible with TOMRA Visual Assist, which is an AR application that enables TOMRA's remote experts to provide specialist support to a customer or a TOMRA field service engineer on site to help maximize uptime, optimize food processing equipment performance, reduce costs and improve worker safety with a hands-free solution. TOMRA Visual Assist is a valuable smart glasses-based tool that delivers remote training and shares specialist knowledge of highly complex products, enabling organizations to operate more efficiently while also addressing travel costs and current restrictions due to COVID-19. With food safety a high priority, field service engineers can now service more customers and locations, having reduced the need to travel for in-person plant visits. Customers are also benefiting from smart glasses by giving workers a hands-free solution that helps to improve safety and eliminate the need to look down at a tablet or phone. Tillkännagivande • Jan 24
Vuzix Corporation's Vuzix M4000 Smart Glasses Aid Construction Worksite Audit Through a DJI Drone used by Drones4Geology Vuzix Corporation announced that the Vuzix M4000 Smart Glasses were recently used to perform a successful worksite inspection through a DJI Mavic 2 Pro drone used by Drones4Geology. The combined technology was used to access hard to reach areas and bring a different perspective of the study area to the end customers including the inspection of cranes, elevated facilities and various machinery. Tillkännagivande • Jan 22
Vuzix Corporation Announces Collaboration with Hippo Technologies Inc Vuzix Corporation announced it is collaborating with Hippo Technologies Inc. to connect global surgeons and healthcare providers with vital medical networks and virtual care services with Vuzix M400 and M4000 Smart Glasses. Hippo Virtual CareTM is an interoperable platform connecting enterprise systems, databases, IOT devices, wearables and technologies together to bridge the gap between physical care and virtual care. Its product solutions include hands-free, voice-activated Vuzix Smart Glasses and other head-worn devices along with HIPAA and GDPR compliant software that allows clinicians to communicate and videoconference in real time. Remote colleagues and students can search medical records, and automatically access files and imaging during patient examinations, procedures, consultations and rounding. Hippo Virtual Care improves clinical efficiency, enabling faster triage, smarter clinical decision making, and enhanced engagement with patients. Is New 90 Day High Low • Jan 21
New 90-day high: €8.46 The company is up 137% from its price of €3.57 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 20% over the same period. Tillkännagivande • Jan 14
Vuzix M400 Smart Glasses to Support BioSig's PURE EP System Rollout to Hospitals Nationwide Vuzix Corporation announced that it is working with medical device company BioSig Technologies Inc. to offer remote servicing for BioSig's PURE EP System for electrophysiology, expanding the Company's remote support solutions for the medical device market to help customers adapt to COVID-19 travel and site visit restrictions. Vuzix' M400 Smart Glasses will enhance the utility of BioSig's PURE EP™ Systems in advance of their accelerated commercialization and rollout to hospitals nationwide. This remote servicing solution is intended to enable BioSIG's continued installations, upgrades, and training during COVID-19 travel restrictions and lockdown limitations. The size of the global medical devices and diagnostics (MD&D) market was estimated at $460 billion in 2019 according to a 2020 report by Life Science Intelligence (LSI) and Health Research International (HRI). The same report indicates that MD&D revenues are expected to increase by a 4.9% annual rate through 2024. Entry into this market segment expands the Company's healthcare opportunity substantially. Equipped with Vuzix Remote Assist (VRA) software, Vuzix Smart Glasses products provide physicians and clinicians with quick remote access to technical experts who can assist with servicing unique hardware architecture and digital modality for a wide range of medical devices being utilized in the field. Enterprise use of Vuzix Smart Glasses enables technicians to eliminate the necessity of most on-site visits, dramatically decreasing time and expense for both the Company and its customers. For support during the COVID-19 pandemic, Vuzix Smart Glasses has been providing much needed maintenance and service options for medical device companies. Vuzix products also offer a key COVID-19 compliance solution for medical centers and hospitals operating at maximum bed capacity that require rapid servicing for HVAC, electrical and technical needs, among others. Tillkännagivande • Jan 12
Vuzix Corporation Enters into Joint Manufacturing and Supply Agreement with Jade Bird Display for Microled-Based Display Engine and Waveguide Products Vuzix® Corporation confirmed as part of its other CES new product announcements around its next generation smart glasses (NGSG) that it has entered into a multi-year agreement with Jade Bird Display, a Shanghai-based leader in microLED displays, to collaborate on the co-development and cross-supply of solutions incorporating superbright microLED display engines and Vuzix waveguides. Under the agreement, Jade Bird Display will provide microLED displays and Vuzix will provide newly developed proprietary waveguides and display engine optics to work with these displays. The complete solutions and components will be sold by both Vuzix and JBD to their customers, and both parties have agreed to supply to each other on a priority allocation basis, subject to limitations to ensure Vuzix is able to satisfy its own branded product requirements. Both monochrome and RGB microLED display solutions are actively being developed for use by Vuzix in its NGSG products and for JBD customers. These solutions are expected to be the world's smallest microLED display engines when commercially released and will utilize Vuzix latest "monolithic" single layer waveguides, with both glass and plastic options expected to be available. For these next generation products, the entire microLED engine (monochrome and RGB), consisting of a microLED panel, backplane and coupling projector for pairing with a waveguide, is measuring together as small as the cubic size of a pencil eraser and should allow next generation AR Smart Glasses to have a virtually indistinguishable look and feel from normal eyeglasses. These solutions are being developed for Smart Glasses as well as for sighting systems, simple viewfinders, and just about any near-eye device that needs a low power and high-resolution display. Tillkännagivande • Jan 05
Vuzix Corporation Completes Phase 2 Development and Delivers Customized Waveguide-Based Head-Worn Display Engine to a Major US Defense Contractor Vuzix® Corporation announced it has completed the Phase 2 design, development and delivery of a customized waveguide-based head-worn AR Display Engine for a major US defense contractor. The phase-gated development program with this customer was originally announced in March 2020, with the Phase 2 leg announced in October 2020 now completed and delivered before December 31, 2020. The Company expects potentially further NREs in subsequent phases before a customer accepted final product design could lead to an eventual production program order. Tillkännagivande • Dec 30
Vuzix Receives Follow-On M400 Smart Glasses Orders from European Reseller to Support Manufacturing, Field Service and Healthcare Customers Vuzix Corporation announced the Company has received multiple follow-on purchase orders this month for M400 Smart Glasses from a leading European smart glasses software developer and solution reseller that will generate approximately $300,000 in revenue during the Company's current quarter. Due to travel restrictions and other limitations in place as a result of COVID-19, customers are deploying the Vuzix M400 Smart Glasses to support business operations within manufacturing, field service and healthcare. Tillkännagivande • Dec 23
Vuzix Enters into an Agreement with A Leading U.S. General Merchandise Retailer and Receives an Initial Deployment Order for M400 Smart Glasses Vuzix® Corporation announced the Company has entered into a supply agreement for ongoing business with one of the general merchandise retailers in the United States, as well as received an initial deployment order for M400 Smart Glasses that has already shipped and will generate low six-figure revenue during the Company's current quarter. The Vuzix M400 Smart Glasses are being used by this Fortune 100 customer to perform remote fulfillment center training for its employees. Tillkännagivande • Dec 19
Envirotainer Deploys Vuzix Smart Glasses-Based Remote Training to Support its Active Temperature-Controlled Containers for COVID-19 Vaccine and Pharmaceutical Shipments Vuzix® Corporation announced that Envirotainer has successfully deployed an AR smart glasses-based remote training program globally utilizing Vuzix M400 Smart Glasses to support their fleet of more than 6,000 active temperature-controlled containers which are being used to ship COVID-19 vaccines, as well as other pharmaceuticals in need of a temperature-controlled environment. The arrival of COVID-19 presented new challenges for Envirotainer's operations to hold on-site trainings in their more than 50 stations across to world, in line with the regulatory compliance and inspection requirements. With the limitation of global travel, Envirotainer turned to Vuzix M400 Smart Glasses equipped with Vuzix Remote Assist (VRA) software that is being used to connect trainers remotely to their partners on-site at field stations to guide them through detailed training requirements. Tillkännagivande • Dec 18
Vuzix Corporation Announces a New Development for the Construction Surveying Process Vuzix Corporation has announced a new development for the construction surveying process. Available in the European market, the Vuzix Smart Glasses are now compatible with Topcon Positioning Group's MAGNET software suite, which brings new efficiencies and hands-free usage to those working on-site and embraces the very latest developments in AR technology. The European construction industry was expanding at a rapid rate prior to COVID-19 with industry projects estimated to have totaled approximately $2.8 trillion by 2023, according to research firm ResearchAndMarkets. The industry is continuing to grow however, especially in light of recent data which predicts a global population of 11.1 billion by 2050. While contractors may have been reluctant to advance from traditional and linear methodologies in the past, the industry is now rapidly adopting technology to successfully manage projects while complying with new COVID-19 requirements. Given the pace of development within the wearable AR environment, the new compatibility with Topcon's software provides digital engineers, surveyors, contractors, layout personnel and on-site Building Information Modeling (BIM) technicians with a new, enhanced processing opportunity that also offers a distinct cost savings. Providing visual aids on smart glasses lenses and enabling the control of instruments via voice-commands, this new combination of technology allows the user to precisely lay out and measure points on a job site, increasing accuracy and productivity. Onsite surveyors and engineers can benefit from smart glasses giving them hands-free access to positioning data for setting out markers and quality assurance. With safety a key priority on construction sites, the Vuzix safety-rated smart glasses also help users to work safely and increase situational awareness by reducing the need to look down at a tablet, allowing the user to use voice commands to capture and mark points. Tillkännagivande • Dec 17
Vuzix® Corporation Announces to Completes the Development and Delivery of a Customized Waveguide Solution for a Major International Defense Contractor Vuzix® Corporation announced that the Company has completed the development and delivery of a customized waveguide solution to fulfill the terms of the first phase of the multi-stage agreement previously announced on September 3, 2020. This delivery is now being reviewed by the customer and it is expected that subsequent project phases will commence in the near future which will generate additional non-recurring engineering (NRE) revenues and if successful ultimately result in an accepted final product design that can lead to a volume production order. Is New 90 Day High Low • Dec 16
New 90-day high: €4.52 The company is up 25% from its price of €3.61 on 17 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €23.82 per share. Tillkännagivande • Dec 03
Vuzix Receives Follow-On Smart Glasses Orders from Pixee Medical to Support European Commercialization of its Augmented Reality Smart Glasses Solution for Orthopedic Surgery Vuzix Corporation announced that Pixee Medical has placed follow-on M400 Smart Glasses orders to support the commercialization and rollout of the Pixee Medical augmented reality navigation system across Europe. The first AR Knee+ total knee replacement surgery guided by their proprietary solution running on Vuzix M400 Smart Glasses was completed in Paris in June 2020 and subsequently over the last 5 months more than 40 surgeries have been completed in different hospitals and clinics across Europe. Pixee Medical also recently signed up several distributors in Europe and is in the process of finalizing and onboarding several new additional distribution partners. Tillkännagivande • Dec 02
Valmet Deploys Vuzix M400 Smart Glasses to Support Maintenance of Windfarms Vuzix Corporation announced that Valmet has deployed Vuzix M400 Smart Glasses at PGE Group, the large vertically integrated electric utility in Poland in terms of revenues, installed capacity and electricity generation volume. 1000 Realities, a team of Augmented and Virtual Reality software experts, was responsible for securing the PGE Group account. Using 1000 Realities' innovative Edge Realities software platform and the Vuzix M400 Smart Glasses, operators at PGE Energia Odnawialna are now performing maintenance services at the Kisielice windfarm. Wearing M400 Smart Glasses equipped with Edge Realities software, operators are able to perform faster and more precise inspections, and now also report the status of machinery in real time simply by tapping the touchpad on the Vuzix Smart Glasses. 
