poLight ASA Confirms Design Win with Vuzix Shield Industrial AR Smart Glasses
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The integration of poLight ASA's TLens technology into Vuzix Shield AR smart glasses represents a significant advancement in the industrial AR market. This collaboration marries advanced autofocus camera technology with practical, hands-free applications for enterprise users. The ability for workers to stream their view remotely, coupled with AI workflow optimization, positions the product as a potential catalyst for productivity enhancements within various industries.
From a market perspective, the adoption of such technology could signal a shift towards increased efficiency and reduced operational costs for businesses that invest in smart glasses. The focus on industrial enterprise markets suggests a targeted approach to solving real-world problems, which could result in a competitive edge for both Vuzix and poLight. The success of the Vuzix Shield could also lead to broader applications of AR technology, prompting growth in related sectors and potentially influencing stock valuations of companies within this space.
The technical attributes of the TLens technology, particularly its low-power consumption and fast autofocus functionality, are important for the demanding environments of industrial applications. The constant field-of-view autofocus is a notable feature that ensures clarity and precision, which are essential for tasks that require high levels of accuracy, such as barcode scanning and complex assembly processes.
From an innovation standpoint, the deployment of binocular waveguide smart glasses in industrial settings could set a new standard for AR tools, influencing future product development and market expectations. The impact on poLight ASA's business could be substantial if the TLens becomes the preferred solution for autofocus in industrial AR, potentially leading to an increase in market share and investor interest.
Financially, the release of the Vuzix Shield AR smart glasses could influence poLight ASA's revenue streams, especially if the product gains traction in the industrial sector. As enterprises seek to modernize and digitize their operations, investments in AR technology could see an uptick, benefiting companies like poLight and Vuzix. Additionally, the strategic partnership between these two entities may enhance investor confidence, potentially leading to positive movements in stock prices.
However, the scalability of sales and the adoption rate by industries will be key factors in determining the financial impact. It will be important to monitor the market's reception of the Vuzix Shield and subsequent sales performance to assess the potential long-term benefits for both companies involved.
HORTEN,
Vuzix Shield™ AR glasses, the world’s first binocular waveguide smart glasses implemented for industrial use, utilizes poLight ASA TLens® in its two front-facing stereo RGB autofocus cameras. With poLight tunable optics, the award-winning glasses offer robust, constant field-of-view autofocus functionality and are now available to the general public via www.Vuzix.com. (Photo: Business Wire)
“Building our position in the AR/MR space is very important for the company,” said Dr. Øyvind Isaksen, CEO of poLight ASA. “Vuzix is a veteran in the industrial, enterprise AR market, and the Vuzix Shield product boasts state-of-the-art stereo AF cameras leveraging our TLens® technology. We are very proud to be selected as an AF camera technology partner for Vuzix.”
“The poLight TLens® has enabled robust, fast, low-power consumption and constant field-of-view autofocus functionality in our HD cameras, a critical function in our revolutionary ultra-compact 3D smart glasses for the connected workforce,” said Paul Travers, President and CEO of Vuzix® Corporation (NASDAQ: VUZI), a leading supplier of smart glasses and augmented reality (AR) technology and products.
Further information from:
Dr. Øyvind Isaksen, CEO, poLight ASA: +47 90 87 63 98
About Vuzix Corporation
Vuzix is a leading designer, manufacturer and marketer of Smart Glasses and Augmented Reality (AR) technologies and products for the enterprise, medical, defense and consumer markets. The Company’s products include head-mounted smart personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality, as well OEM waveguide optical components and display engines. Vuzix holds more than 350 patents and patents pending and numerous IP licenses in the fields of optics, head-mounted displays, and augmented reality Video Eyewear field. Moviynt, an SAP Certified ERP SaaS logistics solution provider, is a Vuzix wholly owned subsidiary. The Company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2024 and several wireless technology innovation awards among others. Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in:
About poLight ASA
poLight ASA (OSE: PLT) offers patented, state-of-the-art tunable optics technology, leveraging its proprietary polymer and piezo MEMS technology. Founded in 2005, its first product TLens® replicates "the human eye" experience in autofocus cameras used in applications such as AR/MR devices, smartphones, wearables, webcams and other consumer devices, industrial barcode scanners and machine vision systems, and healthcare applications. With over 160 granted patents, poLight's technology delivers extremely fast focus, small footprint, ultra-low power consumption, no magnetic interference, and constant field of view, enabling better imaging system performance and new user experiences compared to alternative technologies. poLight is based in Horten,
View source version on businesswire.com: https://www.businesswire.com/news/home/20240408284501/en/
Marcia Barnett, marcia.barnett@polight.com
Source: poLight ASA
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