Vuzix Stock Price, News & Analysis

Vuzix (NASDAQ: VUZI) has partnered with Ohana One and TeleVU to donate M400 smart glasses to support medical professionals in Ukraine amidst the ongoing humanitarian crisis. These smart glasses will enhance surgical support by allowing real-time connectivity between local doctors and global medical experts. The initiative aims to address the overwhelming number of casualties due to the ongoing conflict since February 24, 2022. CEO Paul Travers highlighted the vital role of this technology in providing timely assistance.

Vuzix Corporation (NASDAQ: VUZI), a leader in Smart Glasses and Augmented Reality (AR) technology, will host a conference call on May 10, 2022, at 4:30 PM ET to discuss its first quarter 2022 operating results. CEO Paul Travers and CFO Grant Russell will present operational and financial highlights for the period ended March 31, 2022. Investors can join via phone or through a webcast available on the investor relations page. Replays will be accessible for 30 days post-call.

Vuzix Corporation (NASDAQ: VUZI) announced its participation in the Field Service Palm Springs 2022 event, showcasing its smart glasses from April 26-28 in Palm Springs, CA. The event will feature various industries, including aerospace, construction, and telecommunications, focusing on applications like customer care and field service. Vuzix will support partners TeamViewer and Librestream at Kiosk S9. With 246 patents, Vuzix continues to lead in Smart Glasses and Augmented Reality technologies, aiming to enhance user experience across consumer and enterprise markets.

Vuzix Corporation (NASDAQ: VUZI) announced a follow-on volume order for Vuzix Blade Smart Glasses from Medacta to support the NextAR™ shoulder augmented reality surgical platform, recently launched in Europe and the US. This platform, the first CE-marked and FDA-cleared AR surgical application for total shoulder replacement, has successfully treated over 200 patients since its introduction in June 2021. Vuzix smart glasses enable surgeons to access real-time biomechanical visualizations, enhancing surgical precision and reducing operational costs.

Vuzix Corporation (NASDAQ: VUZI) announced a follow-on order valued in the low six figures for customized AR display engines from a major US defense contractor. This order is part of ongoing development, with plans for further NREs leading to a final product design and potential volume production orders. CEO Paul Travers emphasized the importance of these projects in leveraging Vuzix's optical expertise. The company continues to hold a strong position in the Smart Glasses and Augmented Reality market, backed by a robust patent portfolio.

Vuzix Corporation (NASDAQ: VUZI) has launched the Zoom for Smart Glasses application on the Zoom App Marketplace, enhancing video conferencing capabilities for users of Vuzix smart glasses. This app allows for features like video calls, screen sharing, and more, specifically targeting enterprise customers. With over 191,000 enterprise clients, including healthcare organizations, Vuzix aims to streamline operations using HIPAA-compliant technology. This collaboration with Zoom is expected to increase awareness and distribution of Vuzix smart glasses within the enterprise sector.

On April 12, 2022, Vuzix Corporation (NASDAQ: VUZI) announced a reseller agreement with Opsivity, a software provider specializing in field operations support. This partnership aims to enhance productivity and improve issue resolution for remote field technicians using Vuzix's M400 smart glasses and Opsivity's AI-driven KnowledgeBase™. The collaboration is expected to deliver significant benefits across various industries, including utilities and manufacturing, by facilitating real-time assistance and enhancing operational knowledge.

Vuzix Corporation (NASDAQ: VUZI) has announced a formal reseller agreement with VR Expert, a prominent European provider of VR and AR hardware. The partnership has led to multiple follow-on orders for Vuzix smart glasses, totaling a six-figure amount. VR Expert operates in several European countries, providing services such as hardware advice and software installation. This collaboration is expected to enhance Vuzix's competitive position in key European markets, particularly in sectors like healthcare and manufacturing.

Vuzix Corporation (VUZI) has expanded its market presence by signing a distribution agreement with Robotiques Cyborg, a French technology distributor. This partnership includes an initial order worth $300,000 for Vuzix smart glasses. Robotiques Cyborg targets sectors such as robotics and cybersecurity and aims to leverage Vuzix's technology for applications like remote meetings and robotic control. CEO Paul Travers emphasized the advantages this partnership will bring to customers across various industries, enhancing service delivery and operational efficiency.