Category: Vuzix

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Vuzix Release Business Outlook for 2017

VRFocus have covered a lot of Vuzix’s recent activities. They are in the middle of a big push of their new M300 Smart Glasses technology, partnering with several other companies to provide their product and services. Vuzix has now revealed how it hopes to continue to grow over 2017.

Vuzix announces in the report that they will be moving much of their manufacturing to Asia for further flexability. The company has also received approval to begin distribution of the M300 Smart Glasses in Japan, which should begin shipping in Q2.

A $1.1 million (USD) deal with Toshiba is also announced within the report. Toshiba are working with Vuzix on a customised version of the Smart Glasses, which is expected to begin production in the Autumn.

Vuzix

The report identifies several priorities for the company for 2017. Namely:

  • Increase M300 production with a goal of achieving 1,500 units a month in Q2, while completing our planned transition of manufacturing to Asia to lower costs and further increase our production capacity
  • Broaden our enterprise distribution channels through additional VARs (value added resellers) and other strategic agreements
  • Deploy automated waveguide replication equipment that will allow for volume production along with improved precision and performance
  • Broaden intellectual properties including the filing of numerous new patent applications
  • Prioritize, support and actively engage new interests received from select OEMs

 

  • Manage the growth in operating costs, so that along with our expected increase in revenues we can minimize the funds required for operations as we move towards profitability

Vuzix M300

The report concludes with the following statement from Vuzix: “We should be at the forefront of helping to evolve the world of mobile computing and AR with technology that connects the digital world to the real world through fashionable AR smart glasses. We believe Vuzix is now positioned well on the capital front to execute on our plans in 2017 and grow our business.”

VRFocus will continue to bring you news about Vuzix and other VR industry names.

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Vuzix Partners with KDDI Vist@Finder for video transmission

Vuzix, creators of a series of augmented reality (AR) Smart Glasses like the M300 series, have partnered with KDDI Vist@Finder in order to allow images captured by the camera mounted on the Vuzix Smart Glasses to be transmitted securely.

KDDI Vist@Finder is a system that allows images and videos taken my smartphones, tablets and laptops to be sent securely over networks without compromising the image quality. The system allows for several functions, such as AR overlays with live audio and video streaming and hands-free transmission. With the partnership with Vuzix, the system now has the capability of recording and transmitting from and to Smart Glasses.

As VRFocus has reported before, Vuzix is partnering with a number of companies to supply their product for a range of commercial functions such as RFID scanning and quality control.

Vuzix M300

“Vuzix is excited to pair up our next generation M300 Smart Glasses with KDDI Vist@Finder remote operations supporting system to enable hands-free video transmission via Smart Glasses,” said Paul Travers, President and Chief Executive Officer at Vuzix. “Our M300 Smart Glasses feature a 13-megapixel, 1080p video and image-stabilized auto-focus camera that is ideal for relaying high-quality video content remotely in the field.”

Vuzix will be demonstrating how the new system works on the M300 Smart Glasses at the KDDI booth at CeBIT, a technology expo on Hannover, Germany on 20th March through to 24th March 2017.

VRFocus will continue to bring you news on Vuzix and its Smart Glasses product.

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Vuzix showcase new Smart Glasses at Stuttgart Trade Fair

The line of Vuzix smart glasses has appeared in several stories on VRFocus, hoping to find success with their Android-powered Augmented Reality (AR) Smart Glasses. As such, Vuzix teamed up with several manufacturing partners to display the product at the LogiMAT 2017 Trade Fair in Stuttgart, Germany as part of its VIP programme.

The company’s new M300 Smart Glasses are designed for enterprise use, as such, several of Vuzix’s enterprise partners were demonstrating the functions of the product at their stands. Such as NxtBase Technology, who was demonstrating the M300 use as an RFID scanner, or PCData, using the glasses with their DistribAR software for use in warehouse order distribution. Ubimax, meanwhile, will be showing how the M300 glasses can be used for quality control inspection and assembly assistance.

Vuzix M300

“Vuzix continues to take our award-winning smart glasses solutions to the next level and demonstrate how to increase productivity in specific vertical markets such as logistics,” said Paul Travers, President and Chief Executive Officer at Vuzix. “Vuzix offers one of the largest portfolio of software solutions for the logistics markets because of its VIP and VAR programs. The return on investment is clear in the logistics vertical, thanks to the proven increase in process speeds of up to 30% via hands-free computing, while at the same time reducing the overall error rate, and reducing training time.”

The LogiMAT Trade Fair took place from 14th March through to 16th March 2017, and was focused around Distribution, Materials Handling and Information flow.

VRFocus will keep you informed on developments with Vuzix Smart Glasses and other AR products.