Vuzix (NASDAQ: VUZI) Wholly Owned Subsidiary Moviynt Receives New Key SAP Certification
Rhea-AI Summary
Vuzix (NASDAQ: VUZI) announced that its wholly owned subsidiary, Moviynt, has received SAP certification for its Mobilium Gateway™ 3.0 solution. This certification allows Moviynt's platform to be used with SAP's S/4HANA Cloud Private Edition software, which is currently utilized by over 20,000 customers worldwide. The Mobilium platform bridges the gap between mobile devices and ERP systems, enabling rapid development of new workflows to eliminate inefficiencies and capture data across all levels of an organization.
Moviynt's solution is a multi-ERP, SAP premium certified plugin that allows customers to publish APIs and connect them to existing SAP functions. It also provides a workbench for managing work distribution, monitoring progress, and tracking exception handling. This certification assures clients that Moviynt's solutions meet SAP's rigorous technical, security, and business standards, positioning the company as a trusted partner for optimized hands-free automation in warehouses and beyond.
Positive
- Moviynt received SAP certification for Mobilium Gateway™ 3.0 solution
- Certification allows integration with SAP's S/4HANA Cloud Private Edition, used by over 20,000 customers
- Moviynt's platform bridges gap between mobile devices and ERP systems
- Solution enables rapid development of new workflows to eliminate inefficiencies
- Certification assures compliance with SAP's technical, security, and business standards
Negative
- None.
Insights
Vuzix's subsidiary Moviynt has achieved a significant milestone with its SAP certification for the Mobilium Gateway™ 3.0 solution. This certification is particularly noteworthy as it applies to SAP's S/4HANA Cloud Private Edition, a tailored cloud ERP system used by over 20,000 customers worldwide. This extensive user base represents a substantial market opportunity for Moviynt.
The Mobilium platform's ability to bridge mobile devices and ERP systems addresses a critical need in today's digital transformation landscape. By enabling rapid workflow development and eliminating inefficiencies, Moviynt is positioning itself at the forefront of enterprise mobility solutions. The multi-ERP nature of the Mobilium Gateway 3.0, coupled with its API publishing capabilities and workbench for managing work distribution, makes it a versatile tool for businesses looking to streamline their operations.
From a technological standpoint, this certification validates Moviynt's compliance with SAP's stringent technical and security standards. This is important in an era where data security and system integrity are paramount concerns for enterprises. The certification also positions Moviynt as one of the few providers offering S/4HANA certified solutions for hands-free automation in warehouses and beyond, potentially giving them a competitive edge in the market.
However, it's important to note that while this certification opens doors, Moviynt will need to continuously innovate and adapt to maintain its relevance in the rapidly evolving ERP and mobile solutions market. The company's commitment to keeping pace with SAP's developments will be important for long-term success.
The SAP certification of Moviynt's Mobilium Gateway™ 3.0 solution represents a significant market opportunity for Vuzix. With SAP's S/4HANA platform boasting an installed base of over 20,000 companies worldwide, Moviynt now has potential access to a vast customer pool. This certification effectively positions Moviynt as a trusted solution provider in the SAP ecosystem, which could lead to increased adoption rates and market penetration.
The enterprise mobility solutions market, where Moviynt operates, is projected to grow substantially in the coming years. Factors driving this growth include the increasing adoption of cloud-based solutions, the need for real-time data access and the push for digital transformation across industries. Moviynt's solution, with its focus on bridging mobile devices and ERP systems, aligns well with these market trends.
However, it's important to consider the competitive landscape. While Moviynt is among the few firms offering S/4HANA certified solutions for hands-free automation, the enterprise mobility market is crowded with both established players and innovative startups. Moviynt will need to leverage its SAP certification and Vuzix's expertise in AR and smart glasses to differentiate itself and capture market share.
From an investor's perspective, this certification could potentially lead to increased revenue streams for Vuzix through its Moviynt subsidiary. However, it's important to note that the impact on Vuzix's financials may take time to materialize, as enterprise sales cycles can be lengthy and adoption of new technologies in large organizations often occurs gradually.
- Bridging the gap between mobile devices and ERP systems to empower the rapid development of new workflows that eliminate inefficiencies
- Installed base of over 20,000 companies worldwide
Moviynt's Mobilium platform bridges the gap between mobile devices and ERP systems and provides a studio to empower the rapid development of new workflows, which can eliminate inefficiencies and capture data from business processes at all levels of the organization, enabling users to realize their vision of digital transformation. The Mobilium Gateway 3.0 solution is a multi-ERP, SAP premium certified plugin, which allows the customer to publish APIs, and connect them to their existing standard or customized SAP functions. It also provides a workbench to manage work distribution, monitor progress, and track exception handling.
"Obtaining certification from SAP that our platform is fully compliant with their rigorous technical, security, and business standards is a significant accomplishment for Moviynt and assures our clients that our solutions accurately solve their pressing problems," says Philip Matkovsky, President and CEO of Moviynt, a wholly owned subsidiary of Vuzix. "Our customers and potential customers demand innovation but also want a partner whose platform is tested, proven, and certified. We are proud to be among the few firms to offer S/4HANA certified solutions for optimized hands-free automation in the warehouse and beyond, and we will remain committed to keeping pace with SAP to deliver to our clients solutions that are both cutting edge and platform certified."
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 375 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:
Forward-Looking Statements Disclaimer
Certain statements contained in this news release are "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Forward-looking statements contained in this release relate to Vuzix Smart Glasses, Moviynt SaaS solutions, the Mobilium Gateway 3.0 solution capabilities and our ability to maintain SAP certifications in the future, and among other things the Company's leadership in the Smart Glasses and AR display industry. They are generally identified by words such as "believes," "may," "expects," "anticipates," "should" and similar expressions. Readers should not place undue reliance on such forward-looking statements, which are based upon the Company's beliefs and assumptions as of the date of this release. The Company's actual results could differ materially due to risk factors and other items described in more detail in the "Risk Factors" section of the Company's Annual Reports and MD&A filed with the United States Securities and Exchange Commission and applicable Canadian securities regulators (copies of which may be obtained at www.sedar.com or www.sec.gov). Subsequent events and developments may cause these forward-looking statements to change. The Company specifically disclaims any obligation or intention to update or revise these forward-looking statements as a result of changed events or circumstances that occur after the date of this release, except as required by applicable law.
Vuzix Media and Investor Relations Contact:
Ed McGregor, Director of Investor Relations,
Vuzix Corporation
ed_mcgregor@vuzix.com
Tel: (585) 359-5985
Vuzix Corporation, 25 Hendrix Road,
Investor Information – IR@vuzix.com www.vuzix.com
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SOURCE Vuzix Corporation
FAQ
What SAP certification did Vuzix's subsidiary Moviynt receive for its Mobilium Gateway™ 3.0 solution?
How many customers currently use SAP's S/4HANA product worldwide?
What are the key features of Moviynt's Mobilium Gateway 3.0 solution?
How does Moviynt's Mobilium platform benefit organizations using SAP systems?
