Vuzix Stock Price, News & Analysis

Vuzix Corporation (NASDAQ: VUZI) is set to present at the Needham Virtual Growth Conference from January 11-15, 2021. CEO Paul Travers will deliver a presentation on January 15 at 12:30 PM EST, which will be available for live streaming and replay on the company's website. Vuzix is a leading provider of Smart Glasses and Augmented Reality (AR) technology, holding 184 patents and winning multiple awards for innovation. The company invites qualified institutional investors for one-on-one meetings during the conference.

Vuzix Corporation (NASDAQ: VUZI) has successfully completed Phase 2 of a customized waveguide-based AR display engine for a major US defense contractor, an achievement ahead of the December 31, 2020 deadline. This follows the announcement of the initial partnership in March 2020. The company anticipates more non-recurring engineering (NRE) work in upcoming phases, potentially leading to a full production program order. CEO Paul Travers expressed confidence in leveraging Vuzix's optical expertise and intellectual property in this profitable venture.

Vuzix Corporation (NASDAQ: VUZI) announced significant follow-on purchase orders for its M400 Smart Glasses, totaling approximately $300,000 in revenue for the current quarter. These orders originated from a leading European software developer and reseller of smart glasses, facilitating deployments in sectors such as manufacturing, healthcare, and field service. CEO Paul Travers emphasized that these orders reflect clients transitioning effectively from pilot programs to full-scale operations. Vuzix continues to innovate in the Smart Glasses and Augmented Reality technology space, holding 179 patents and winning multiple industry awards.

Vuzix Corporation (NASDAQ: VUZI) announced its Next Generation Smart Glasses (NGSG) has won multiple CES 2021 Innovation Awards, recognizing excellence in design and engineering across three categories: Computer Peripherals & Accessories, Portable Media Players & Accessories, and Wearable Technologies. Over the past 36 months, Vuzix has expanded its patent portfolio from 90 to 179, crucial for developing future smart glasses. The upcoming NGSG combines smartphone capabilities with stylish design, offering hands-free connectivity and a vibrant 3D display. Vuzix aims to lead the smart glasses and AR technology market.

Vuzix Corporation (NASDAQ: VUZI), a leader in Smart Glasses and Augmented Reality technology, announced a new supply agreement with a major U.S. general merchandise retailer. This partnership includes an initial order of M400 Smart Glasses, already shipped, projected to bring low six-figure revenue this quarter. The glasses will assist in remote fulfillment center training for the retailer's employees. CEO Paul Travers highlighted the swift transition from pilot to deployment, emphasizing the product's practical application in enhancing business operations.

Vuzix Corporation (NASDAQ: VUZI) announced that its Blade Smart Glasses were used in the first augmented reality (AR) total knee replacement surgery in the U.S. The procedure took place at the Hospital for Special Surgery in New York City, recognized as a leader in orthopedics. The surgery utilized the NextAR™ TKA platform developed by Medacta, which received FDA clearance in July. This milestone highlights Vuzix's role in advancing AR technology in healthcare, as noted by CEO Paul Travers, emphasizing the ongoing integration of smart glasses in clinical applications.

On December 17, 2020, Vuzix Corporation (NASDAQ: VUZI) announced a collaboration with Envirotainer, utilizing Vuzix M400 Smart Glasses for a global remote training program. This initiative supports Envirotainer's fleet of over 6,000 temperature-controlled containers for shipping COVID-19 vaccines and pharmaceuticals. The partnership addresses training challenges posed by COVID-19, enabling real-time guidance through Vuzix Remote Assist software. Envirotainer aims to expand the use of AR smart glasses for enhanced operational efficiency.

Vuzix Corporation (NASDAQ: VUZI) has announced that its Smart Glasses are now compatible with Topcon Positioning Group's MAGNET software, enhancing productivity in European construction surveying. This development allows workers to use voice commands for hands-free access to positioning data, improving accuracy and safety on-site. The press release highlights the growing adoption of AR technologies in the construction industry, which is projected to be worth $2.8 trillion by 2023. This partnership aims to reduce costs and increase operational efficiencies as the industry recovers from COVID-19 impacts.

Vuzix Corporation (NASDAQ: VUZI) has finalized a customized waveguide solution under a multi-stage agreement with a major international defense contractor. The initial phase has been completed and is under customer review, with expectations for further project phases that could lead to non-recurring engineering revenues and potential volume production orders. CEO Paul Travers expressed optimism about leveraging the company's optical expertise for profitable projects. Vuzix holds 179 patents and has received multiple innovation awards.