Xander Places Its Largest Re-Order for Vuzix AR Smart Glasses to Meet Its Growing Demand for Captioning Solutions for the Hard of Hearing
Rhea-AI Summary
Vuzix (NASDAQ: VUZI) announced that Xander has placed its largest re-order to date for Vuzix Shield smart glasses, driven by increasing demand for XanderGlasses, a solution for people with hearing loss.
XanderGlasses combines Vuzix Shield smart glasses with embedded voice captioning software to provide real-time captions of conversations directly in the user's field of view. The product is designed to be self-contained, requiring no smartphone or cloud connectivity, and features simple on/off operation. The glasses meet ANSI Z87.1 safety standards and provide UV protection.
The solution targets the 48 million people in the US struggling with hearing loss, including veterans, individuals exposed to prolonged noise, and aging populations.
Positive
- Received largest re-order to date from Xander, indicating growing product demand
- Targeting large addressable market of 48 million people with hearing loss in US
- Product requires no additional hardware or connectivity, reducing adoption barriers
Negative
- Specific order size and financial impact not disclosed
News Market Reaction
On the day this news was published, VUZI declined 1.29%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
- XanderGlasses are targeting the 48 million people in the US struggling with hearing loss
XanderGlasses utilize Vuzix Shield smart glasses and are ready to go out of the box. Just push a button, put the glasses on, and you'll see real-time captions of what other people are saying in conversations — directly in the user's field of view, facilitating seamless communication for individuals with hearing challenges. XanderGlasses are
"With 48 million people in the
"As hearing loss affects a growing segment of the global population, including veterans, those exposed to prolonged noise, and aging individuals, innovative solutions like XanderGlasses can make a significant impact," said Paul Travers, President and CEO of Vuzix. "By combining Vuzix Shield smart glasses with Xander's powerful embedded voice captioning software, we are addressing a significant need. We look forward to supporting Xander as they scale their solution this year and beyond."
About Xander
Xander is a
About Vuzix Corporation
Vuzix is a leading designer, manufacturer and marketer of AI-powered Smart Glasses, Waveguides and Augmented Reality (AR) technologies, components 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 425 patents and patents pending and numerous IP licenses in the fields of optics, head-mounted displays, and the augmented reality wearables field. 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, our business relationship, future business orders and opportunities with Xander and its customers, 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 is the latest order announcement for Vuzix (VUZI) Shield smart glasses?
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