Vuzix Sees Order Numbers for Smart Glasses Rise

Vuzix have emerged as a leader in the field of enterprise-focussed augmented reality (AR), offering its services to various industries, seeing particular success with its M300 Smart Glasses system. The company reports that it has recently received on of its largest orders for M300 Smart Glasses, which came from AMA XpertEye Inc.

AMA XpertEye are specialists in videoconferencing, and its video conferencing systems are used in over 60 countries for purposes such as remote maintenance, remote support, knowledge-sharing and in-field assistance.

Vuzix M300

Previously, AMA XpertEye was using the M300 smart glasses as part of a pilot scheme, this has now been transformed into a full order, with Vuzix receiving orders from AMA XpertEye to date totalling $900,000 (USD).

“AMA has hundreds of active pilot programs and this follow-on order for Vuzix M300 Smart Glasses will help satisfy the growing demand and number of conversions to commercial rollouts we are seeing across our customer base,” said Christian Guillemot, AMA CEO and Founder.

“Our M300 Smart Glasses enterprise business continues to expand in 2018 and we are delighted to see an existing customer place a single follow-on M300 order that far exceeds their 2017 total order volume. Vuzix is making a concerted effort to work closer with our extensive M300 enterprise customer base to successfully migrate hundreds of active pilot programs into productive larger rollouts. AMA is a leader in the remote field service market and their new business represents a great example of the successful conversions we are starting to see from pilot programs to productive rollouts for Vuzix,” said Paul Travers, Vuzix President and Chief Executive Officer.

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Vuzix recently addressed shareholders with a letter where the company predicted that revenue would continue to rise as pilot schemes and trial runs were converted into full rollouts. This new order appears to lend credence to this prediction.

For future coverage on Vuzix and other VR and AR hardware, keep checking back with VRFocus.

Vuzix Completes FCC And EU CE Certification Processes For Their Blade Smart Glasses

Augmented reality (AR) technology company Vuzix has announced that it has completed, passed, and filed with the US Federal Communication Commission (FCC) all of the emission’s requirements for its next generation Vuzix Blade Smart Glasses.In additional to this, the company has also completed the European Union CE emission’s certification process related to the Vuzix Blade Smart Glasses.

Vuzix Blade 3000

Vuzix is a leading supplier of AR technologies, products, and smart glasses for consumer and enterprise markets with their Blade Smart Galsses being a widely recognised product within many sectors. With the news of their successful certification processes, the company is now one more step closer to deliver their next generation of AR smart glasses which will build on the already successful and solid foundation of their current offerings.

“Volume manufacturing of the Vuzix Blade Smart Glasses from our West Henrietta, NY facility has commenced.” said Paul Travers, President and Chief Executive Officer at Vuzix: “With FCC and EU certifications processes now complete we can commence broad shipping of our Vuzix Blade Smart Glasses to the application and enterprise Vuzix Blade Edge developer communities located within the USA, Canada and Europe,”

Vuzix

Recently Vuzix also highlighted their upcoming business developments including the expectation that revenues for 2018 will exceed those of 2017, with a number of factor influencing this boost. The company also has over 750 existing pilot schemes ongoing for the M300 smart glasses, with many others in the process of launching. As for orders, several existing customers have already placed follow-on orders and the company expects more to do so shortly.

Back in early June Vuzix also launched their developer center to provide resources for those looking to build applications using their smart glasses. This resource not only aims to get developers up and run with building for AR in as little time as possible. Once more, the Blade Smart Glasses Developer Center includes example code and projects, along with plenty of documentation, to ensure that even those will little experience building AR applications can still learn how to do so, opening up the doors to future developers and content creators.

As always, keep reading VRFocus to stay up to date on the latest from Vuzix.

Vuzix Highlights Upcoming Business Developments

Augmented reality (AR) smartglasses company Vuzix have become one of the most recognisable names in the enterprise-level AR industry, providing a number of businesses with AR technology. The company has issues a letter to its shareholders which provides an overview of what Vuzix expects to achieve in the near future.

Some of they key points in the letter concern business developments for the near term and what can be expected to happen over the next year.

Vuzix Blade 3000

Vuzix expects that revenues for 2018 will exceed those from 2017, with a number of factors influencing this boost in revenue.

The letter notes that there are over 750 existing pilot schemes ongoing for the M300 smartglasses, with many others in the process if launching. Several existing customers have either already placed follow-on orders, or are expected to do so shortly.

Many present customers and VIP partners have already surpassed their order totals for the M300, with many more expected to surpass 2017 order totals by the middle of 2018. The broadening footprint of the M300 across the world is also fuelling sales, as it becomes certified in new regions, such as Eastern Europe, South American and Asia.

The level of interest in both the M300 and Vuzix Blade smartglasses is expected to rise thanks to the integration of Amazon and Oracle cloud-based analytics, which will give companies new data sources to use.

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Vuzix are also anticipating new incoming revenue streams with the launch of the Vuzix Blade and the Toshiba AR100, along with an increasing number of OEM contracts and provision for engineering services.

A number of recent reports and studies have shown that AR is a growth area, with many analysts predicting that business and enterprise use of AR technology will only continue to rise over the coming months and years.

As usual, VRFocus will keep you update on new developments in the AR industry.

Vuzix Set To Join The Russell 2000 And 3000 Index

One of the most recognised names in the field of enterprise-focused augmented reality (AR) technology, Vuzix, has announced that it is set to join the broad-market Russell 2000 Index, along with the Russell 3000 Index. This will occur at the conclusion of the Russell U.S. Indexes annual reconstitution, effective after the U.S market opens on June 25th.

Vuzix Blade 3000

The FTSE Russel is a leading global index provider creating and managing a wide range of indexes, data and analytic solutions. With coverage of 9% of the investable market, FTSE Russell indexes offer a true picture of the global markets, combined with their specialist knowledge gained from developing local benchmarks for use around the world.

“We are delighted to see our shares included in the Russell 2000 Index, one of the market’s leading performance benchmarks,” said Paul Travers, Vuzix Chief Executive Officer. “We view this as an important milestone that will help raise awareness of Vuzix within the institutional investment community. We expect the inclusion in the index, combined with the strong momentum that our business is experiencing, to be positive for our shares. We anticipate many benefits from our inclusion in the index, including increased liquidity and wider exposure to institutional investors.”

Vuzix M300 Visual Aid

Russell U.S indexes are widely used by investment managers and institutional investors as the basis for index funds and as a benchmark for active investment strategies. Vuzix’s membership in the Russell 2000 Index will remain in place for one year, with membership being determined by Russell based primarily by objective, market-capitalization rankings and style attributes. By joining the broad-market, Vuzix will possibly see a range of benefits that could help the company grow and develop.

Vuzix have been rather busy lately with the recent appointment of two new Vice President positions along with launching a developer center for their Vuzix Blade AR Smart Glasses. The company continues to build it’s reputation into being a global leader within the enterprise-focused AR field, delivering outstanding performance and quality to their customers.

As Vuzix continue to push their brand and products deeper into the market, supporting their industry-leader status, VRFocus will be sue to bring you all the latest so make sure to stay tuned for more.

Vuzix Announce Appointment of Two New Vice Presidents

Vuzix have become one of the most recognised names in the field of Enterprise-focussed augmented reality (AR) technology. In particular, the company is known for its line of AR smartglasses for consumer and enterprise markets. The company has now announced that it has appointed Zach Stone as its new Vice President of Operations and Shane Porzio as Vice President of Engineering.

Vice President of Operations and Vice President of Engineering are both new positions within the company, with the appointments of Stone and Porzio effective from 13th June, 2018.

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Zach Stone has worked with Vuzix for almost two years and has over ten years of experience in the areas of manufacturing, quality control, supply chain management and operations. He previously worked with United Technologies Corporation.

Shane Porzio has been with Vuzix for over ten years and has 13 years of experience in system architecture, software design and hardware design. He previously worked at Lockheed Martin as a hardware engineer and will be bringing this wealth of experience to his new position in Vuzix.

“Zach and Shane have a proven track record with us and at their prior workplaces. Their strengths along with their broadened responsibility will further help drive Vuzix toward world-class operational excellence to ensure the best possible customer experience,” said Paul Travers, President and Chief Executive Officer at Vuzix.

Vuzix recently announced it was partnering with Qualcomm to create a new range of AR smartglasses by using Qualcomm’s newly released Snapdragon XR1 platform, which has been specifically engineered for use with immersive technology wearables such as AR smartglasses.

Vuzix Blade 3000

The company has also announced a new developer centre to assist partners and customers in developing applications for the Vuzix Blade series of smartglasses.

For further news on Vuzix or coverage of new AR technology, keep checking back with VRFocus.

Vuzix Launch Developer Center For Vuzix Blade AR Smart Glasses

Leading supplier of augmented reality (AR) technologies, products, and smart glasses for consumer and enterprise markets, Vuzix, have announced that they are opening the Vuzix Blade Smart Glasses Developer Center for developers. This new, single gateway will enable Vuzix Blade partners and customers to access a diverse set of resources for developing applications for the Blade.

Vuzix M300

The Vuzix Blade Smart Glasses Developer Center will be the one stop shop for anyone looking to leverage the Blade and create applications. Some of the many resources include sample code for utilizing the various Blade Application Programming Interfaces (APIs) related to the camera, microphone, photos, sensors, gestures and many others. That is only one example though as the Vuzix Blade Smart Glasses Developer Center contains much more, allowing developers to create applications in as little as ten minutes .

Some of the other resources and downloads included in the Vuzix Blade Smart Glasses Developer Center are:

  • Documentation to help developers get to know the Vuzix Blade, providing details information on technical specs, interaction methods and UI design best practices.
  • A getting start guide which will help bring developers up to speed and get started with building applications for the Vuzix Blade within Android Studio.
  • A number of sample projects, which demonstrate how to get started, design, and build applications. This is also a chance for developers o deep drive into the structure of a more complex project.
  • Numerous documentation and code samples for developers to read from.
  • Heads Up Display (HUD) Action Menu API and resources, offering extra functionality, improved performance and additional custom features to take full advantage of the Blade platform.
  • Frequently Asked Questions (FAQ) because no resource center wouldn’t be complete without this.

Vuzix M300 Visual Aid

“Vuzix Blade is unlike any other product ever created by Vuzix in terms of form factor and interest from the developer community. We are providing our partners with a library of information that will help enable them to unbox their Blade and begin developing applications in a matter of minutes,” said Paul Travers, President and Chief Executive Officer at Vuzix. “The development center also allows developers to commence their development projects and experiment with or without a physical Blade unit. The Vuzix Blade Developer Center is setup to cater to developers with varying degrees of experience and provides the developer community with a comprehensive guide to develop applications specifically for Vuzix Blade and enable new customer experiences.”

Back in May Vuzix revealed their first quarter financial results for 2018 and they were very strong. With their sights set on continuing to grow and empower more users the announcement of the Vuzix Blade Smart Glasses Developer Center is a welcome move. Developers can register for access today over on the website and for more on Vuzix in the future, keep reading VRFocus.

Vuzix Partners with Plessey to Upgrade AR Smart Glasses

Vuzix has emerged as one of the most well-known providers of enterprise-focussed augmented reality (AR) smart glasses technology, having worked with a number of other companies and brands. Vuzix have now announced that it is partnering with Plessey Semiconductor to introduce Plessey technology into the next generation of Vuzix AR smart glasses.

Vuzix have selected Plessey Semiconductor to help create the next iteration of AR smart glasses. The company will be integrating the microLED-based Quanta-Brite light engine into future AR smart glasses.

Vuzix Blade

Quanta-Brite is based on Plessey’s proprietary gallium-nitride-on-silicon or GaN-on-Si technology which allows for the creation of very bright and uniform light sources which can be used to illuminate advanced display engines. The result is up to 50% smaller than existing light systems and offers advantages in terms of power efficiency and weight.

“This development with Vuzix, the leading provider of next-generation augmented reality glasses, is a significant endorsement of Plessey’s GaN-on-silicon microLED approach,” said Dr Keith Strickland, Chief Technology Officer at Plessey. “Monolithic microLED technology is fast emerging as the only one that can provide high luminance in a very small form factor with minimal energy consumption, necessary for reducing costs and enabling lightweight battery-powered products for a range of emerging consumer and industrial applications.”

“Plessey’s Quanta-Brite™ microLED™ technology can be a major enabler of the future of augmented reality,” said Vuzix President and CEO Paul Travers. “As well as delivering high-efficiency, low-power and small-size illumination capabilities, the very high level of luminescence of the Quanta-Brite™ light source can also enable the development of end products with a sleeker form factor, which is a key attribute of our waveguide based Smart Glasses and critical to mass market adoption.”

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Vuzix also recently announced it was working with Qualcomm to incorporate the Snapdragon XR1 platform into future smart glasses. For future updates on Vuzix and other AR technology, keep checking back with VRFocus.

Vuzix Team With Qualcomm To Create Next Generation of Smartglasses

Vuzix have emerged as one of the leaders in the world of augmented reality (AR) smartglasses technology, particularly in the area of enterprise-focussed applications for the technology. Vuzix has now announced that it is working with Qualcomm to develop the next generation of AR smartglasses technology.

Qualcomm recently announced its new Snapdragon XR1 platform, which has been designed specifically with smartglasses and other wearables, Vuzix believe the new XR1 platform is a perfect fit for its continued work in AR smartglasses technology development.

Qualcomm XR1 Chip Case

The next iteration of the Vuzix Blade line as well as the Vuzix M-series of smartglasses is planned to utilise the Snapdragon XR1’s on-board capabilities to deliver higher quality visual, audio and voice interactions for users as well as create a product with a smaller and more comfortable form factor.

The Snapdragon XR1 included an ARM-based multicore CPU, vector processor, Graphics processor (GPU) and the Qualcomm AI engine. The XR1 allows for more energy-efficient machine learning and better processing for AR use-cases such as object classification and motion tracking.

“Vuzix has a long history of delivering augmented reality eyewear to their enterprise customers. Their focus on optics, experience, and form factor will serve them well as the AR market grows,” said Hugo Swart, Head of Virtual and Augmented Reality Business Group, Qualcomm Technologies, Inc. “We believe our collaboration with Vuzix will help drive increased excitement and adoption for standalone AR in both the enterprise and consumer segments.”

“Qualcomm’s Snapdragon XR1 platform will help Vuzix advance our AR Smart Glasses in terms of power efficiency and deliver smoother user experiences along with better overall system performance,” said Paul Travers, President and Chief Executive Officer at Vuzix. “Qualcomm’s XR1 platform combined with other leading technologies will enable Vuzix to push the envelope on form factor on our next generation waveguide based Vuzix Blade™ Smart Glasses without sacrificing the overall performance of the glasses.”

Vuzix Blade 3000

Vuzix products based on the snapdragon XR1 platform are expected to begin coming to market sometime in 2019. VRFocus will bring you further news as it becomes available.

Vuzix First Quarter Financial Results For 2018 Are Strong

Leading supplier of smart glasses, augmented reality (AR) technologies and products for consumer and enterprise markers, Vuzix, has reported their first quarter financial results for the period ended March 31st, 2018.

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The report is a show of an impressive revenue of $1.5 million (USD), an increase of 28% compared to the $1.2 million generated in the first quarter of 2017. The companies smart glasses revenue eclipsed $1.0 million for the third consecutive quarter with $1.2 million of sales, an increase of 30% compared to the $0.9 million for the first quarter in 2017. The Vuzix M300 Smart Glasses sales have increased 101% year-over-year. These numbers are helped by the initial purchase order from Toshiba for Vuzix-developed Windows-based smart glasses and commenced volume production totalling $1.1 million.

“With an expanding set of AR products in place and numerous emerging opportunities, we expect 2018 to be another year of growth for Vuzix,” said Paul Travers, President and CEO of Vuzix. “The industry response to; and interest in the Vuzix Blade launch has been very strong. Our enterprise footprint continues to grow and gain traction, driven by the Vuzix M300 Smart Glasses and successful sell-through to new customers of our Vuzix Basics Video SaaS product offering, which was commercially launched in December 2017.”

Vuzix First Quarter 2018

Gross profit for the company was roughly $0.2 million (USD) for the three months ended March 31st, 2018, as compared to the gross profit of $0.1 million for the same period back in 2017. This reflects the improved M300 smart glasses margins and higher total overall revenues which have helped the company produce these numbers in such a short time frame. The expense on research and development (R&D) for the three month perio was $2.1 million which again was up compared to the $1.7 million of 2017. The increased R&D efforts were driving by the increase in R&D staff in 2018 versus 2017 for the same period, showing again that the companies continued growth and production efforts are going as planned.

“2018 is off to a strong start.” said Paul Travers, President and CEO of Vuzix: “We expect revenue to expand further in the second quarter fueled by the introduction of several new smart glasses product offerings into the market during the first half of 2018. Volume shipments of M300 type-C Smart Glasses to Toshiba which began at the end of the first quarter are expected to increase significantly beginning in the second quarter.”

Travers continued by saying: “Vuzix Blade Smart Glasses volume production should begin in the coming weeks resulting in shipments to our developer community, customers and strategic partners beginning before the end of the second quarter. Vuzix added approximately 200 M300 pilot programs across a variety of industries and continues to see shifts occurring in the enterprise space as more pilot programs move to multi-site rollouts. We expect 2018 to be another year of significant revenue growth across our markets.”

The report shows that Vuzix has had an impressive start to 2018 with the numbers over set to grow over the course of the year following future deals and products that are already in production. With the M300 smart glasses making waves and Vuzix continuing to prove they are a reliable and trusted business partner, they have started 2018 with a solid performance.

For more on Vuzix in the future, keep reading VRFocus.

Vuzix M300 Smart Glasses Showcased At ModernCX

Vuzix Corporation, a leading supplier of Smart Glasses and augmented reality (AR) technologies and product for both consumer and enterprise markers, have revealed that the company has been selected by Oracle to showcase Oracle Service Cloud solutions.

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This announcement means that the Vuzix M300 smart glasses were showcasing Oracle Service Cloud solutions for wearable computing at the Modern CX event in Chicago,  Illinois at McCormick Place Building West earlier this week. The event was attended by over 4,000 people with around 300 customer sessions and keynotes from Oracle CEO, Mark Hurd. The event was an opportunity to unite with thousands of Marketing, Service, Sales, and Commerce professionals, sharing challenges and victories while learning from their peers.

Oracle demonstrated how the Vuzix M300 smart glasses can be a part of workflow demonstrations for field service, offering new chance for improved performance. The combination of the Vuzix M300 smart glasses and Oracle’s Service Cloud solutions is almost a pairing made in heaven, as the two bring together the best of each companies focus and deliver it in one lightweight, wearable product.

Vuzix M300 Visual Aid

Vuzix Director of Sales for North America and APAC, Joe Surprenant, was also in attendance presenting in the Showcase Theater with “Driving Value in Field Service and Manufacturing with AR & Vuzix Smart Glasses”, offering guests another chance to dive deep into the product and the companies focus to improve workflow.

The Vuzix M300 smart glasses deliver a “hands free” user experience, providing unprecedented access to information and data which otherwise would require the user to look away. With exciting opportunities for application in driving productivity and manufacturing, both for enterprise operations and consumers, the M300 smart glasses is a product that is designed to aim in bring improvements to business and everyday tasks in an engaging and accessible manner. With a number of accessories able to enable expand the functionally of the M300 smart glasses, they make for an ideal choice for anyone looking for AR smart glasses that enrich the work environment.

Earlier this year Vuzix also enhanced a high-school student’ vision thanks to a visual aid software called Cyber Eyez, which allows the user to access a range of features useful for visual impaired people.

For more on Vuzix and the M300 smart glasses in the future, keep reading VRFocus.