Lightweight, stylish, prescription ready safety glasses and powerful 8-core CPU combine to deliver a singular wearable experience.
Connect to the metaverse accessing IT sensors, instructions, or live remote guidance, leaving your hands free.
Scan codes with an advanced reader or wirelessly stream video from the field all enabled through voice or touch.
With the world’s first miniature uLED stereo displays, Vuzix Shield connects smart workforces with AR systems for optimized performance, safety and operational efficiency.
Find more company details here.
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And as I mentioned above, VUZI has multiple potential catalysts that could provide it with a breakout spark. Check them out:
No. 1 VUZI Potential Catalyst - A Massive $15 Target From Dawson James
On July 18th, 2022, James McIlree, an analyst with Dawson James Securities, reiterated his $15 target on VUZI.
From Wednesday's closing valuation, that provides VUZI with over 185% potential upside.
Here's some key highlights from the report:
Vuzix announced a volume purchase order for a custom designed waveguide from a U.S.-based Fortune 50 software and hardware technology customer. There are seven U.S. based technology hardware and software companies, Alphabet, Microsoft, Meta, Dell, Intel and IBM, in the Fortune 50. Apple, Microsoft, Alphabet and Meta have expressed interest in the head mounted display market for many years and given the challenges of developing and manufacturing waveguides and display engines that are small, inexpensive, and lightweight, any of these are potential customers for Vuzix.
Terms of the agreement were not disclosed, but the order is for a head-mounted display product development program. We believe these programs begin small, typically between $500K to $2Mn, and if successful can turn into something much more substantial.
Vuzix is also expanding its waveguide capacity both in response to customer indications of interest and to make itself the number one choice of waveguides in the OEM market for industrial and consumer use. ... We believe Vuzix can be one of the leading suppliers of waveguides and that this in-vest-ment will enhance that capability.
The company is also working with five major defense contractors on waveguide-based products and expects to add more customers before year-end and begin development work that lasts into next year. The challenge has been the long-lead time involved in this type of work, but once deployment begins production runs can be long and very pro-fit-able. We estimate typical production contracts could generate $10 to $15Mn over a multi-year time frame. We believe Vuzix is pursuing multiple opportunities in the defense market, particularly in heads-up and helmet-mounted display. Importantly, its 10-year non-compete agreement in the U.S. military market expired in mid-June giving it the freedom to be more aggressive in this space.
Price Target Methodology. Our $15 price target values the company’s smart glasses and waveguide businesses at a significant discount to recent market transactions in the smart glasses space of $775Mn to $2Bn and $500Mn to $542Mn in the waveguide market.
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No. 2 VUZI Potential Catalyst - Vuzix Smart Swim® glasses Successfully Tested For Underwater Satellite Communications
Vuzix Enters Formal Reseller Relationship with OPTAC-X
- Vuzix, OPTAC-X and Kymeta Conduct First Ever SATCOM-enabled Augmented Reality Tactical Dive
ROCHESTER, N.Y., Feb. 9, 2023 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, announced it has entered a formal reseller relationship with OPTAC-X, a leading telehealth company that provides telehealth products and physician and remote tele-expert services networks. The Company also announces the success of what might have been the first ever SATCOM-enabled augmented reality scuba dive.
Dr. Patrick Fullerton, founder and CEO of OPTAC-X, successfully tested Vuzix Smart Swim® glasses for underwater satellite communications connectivity at Electric Beach on the southwest coast of Oahu, Hawaii. The test was a collaborative effort between Vuzix Corporation, OPTAC-X, and Kymeta.
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The SATCOM-enabled augmented reality scuba dive was a collaborative effort between Vuzix, OPTAC-X, and Kymeta Corporation. Dr. Patrick Fullerton, president and CEO of OPTAC-X, conducted the test just off Electric Beach on the southwest coast of Oahu, Hawaii, on the morning of January 19. The dive team's goal was to test the visual signal strength of Vuzix Smart Swim® glasses at a certain depth beneath the surface. To conduct the test, the team attached a tactical radio to the divers' tanks that was in communication with the Kymeta Osprey™ u8 located in a parking lot, approximately 100 yards from the water's edge.
Dr. Fullerton, who led the dive team, confirmed a good signal and connectivity 100 yards offshore with signal disruption not occurring until a depth of 21 feet. The test proved that SATCOM connectivity was possible underwater for activities that might include tele-engineering, tactical dive operations, and general technical dive operations use cases.
"We achieved diver connectivity without floating an antenna and in challenging sea conditions 100 yards offshore, providing communication to an SES satellite in geosynchronous equatorial orbit over 22,000 miles away. To our knowledge, this is the first dive of its kind and proves that operational, tactical, and maintenance support can be done at sea anywhere around the world," said Fullerton. "We were excited to collaborate with such an innovative company as Vuzix on this endeavor and look forward to working with them via our new reseller relationship."
"We are thrilled to have OPTAC-X become a Vuzix reseller, as well as be a part of such game-changing technology for the undersea, dive, and tactical diving community," said Paul Travers, President and CEO of Vuzix. "All of our smart glasses offer high degrees of wearability, durability and performance and, importantly for U.S. military customers, they have been designed and are manufactured in the United States."
Read the full article here.
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No. 3 VUZI Potential Catalyst - The Hits Keep Coming... Another Significant Milestone Achieved
Vuzix Smart Glasses Have Provided Remote Assistance Service for Over 40,000 Operating Room Virtual Sessions with Rods&Cones
- New remote assistance platform now available at more than 1400 medical centers internationally
ROCHESTER, N.Y., Feb. 7, 2023 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, today announced a significant milestone for both the Company and the healthcare industry. More than 40,000 virtual sessions have now been conducted using Rods&Cones' remote assistance service specifically designed for the operating theatre. The global expansion of this platform continues apace and is now being used in more than 1400 hospitals and medical centers across more than 85 countries. Most recently, the platform is seeing expanded use in the United States and Far East.
The Rods&Cones® platform, which runs on Vuzix M400™ smart glasses and makes active use of their 13 MP phase-detect auto focus camera, lets frontline workers in the operating room, ICU or other medical facility, including surgeons, instrumentalist nurses and other healthcare professionals, provide 4K broadcast quality imagery to others while interacting with patients and staff from a safe distance. This combined solution also allows remote platform users to attend significantly more supported surgeries in a single day.
"As we continue to expand our global presence, consolidating Rods&Cones as leading supplier of remote assistance services in the operating room, having the best-in-class tech suppliers as our partners is not only a need, but also a must to ensure an impeccable service to our customers and ultimately the patients. We are excited to continue to collaborate with Vuzix and their powerful smart glasses as they combine cutting-edge technology with a great business partnership. We look forward for Vuzix to continue to support our growing needs as a surgical and healthcare service provider across Europe, the United States and the rest of the world," said Bruno Dheedene, CEO and co-founder of Rods&Cones.
"An IEC 60601 certified medical device operable with voice commands and built feather light for prolonged wear, Vuzix M400 smart glasses are ideally suited for use in operating rooms. This milestone represents, by far, the broadest use of augmented reality wearables in the healthcare industry to date," said Paul Travers, President and CEO of Vuzix. "We look forward to remaining an integral component of the Rods&Cones surgical-collaboration platform and to supporting their current, as well as future deployments across their network of healthcare professionals to deliver surgical and medical services."
Read the full article here.
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No. 4 VUZI Potential Catalyst - Orders For Vuzix Smart Glasses Continues To Grow (Significantly)
Telecom Customer Demand for Vuzix Smart Glasses Running on 4G and 5G Networks Continues to Steadily Expand
ROCHESTER, N.Y., Jan. 25, 2023 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, today announced that the Company continues to see growing smart glasses demand within the telecom service provider vertical as more devices take advantage of 4G and 5G networks to provide low latency remote support. Over the last 60 days, Vuzix has received a collective mid-six figure orders placed by several customers for such use.
Remote support over provider 4G and 5G networks using Vuzix smart glasses can enhance collaborations, increase productivity, streamline workflows, and improve customer satisfaction. They can connect workers on their plant floor or in the field with moment-of-need support from experts across the cellular network, including relevant work instructions and diagnostic assistance. Live video streaming means remote experts can see exactly what the smart glasses wearer is seeing in real time, record it and allow others to augment the wearer's view with overlays and assistive tools. For telecom service providers, significant opportunities exist for both internal and external customer use.
"Smart glasses use within the wireless carrier vertical of enterprise is picking up steam as we've seen growing customer orders for remote support using 4G and 5G networks," said Paul Travers, President and CEO of Vuzix. "We are dealing with many of the largest telecom companies in the world at this point and these continuing orders represent the tip of the iceberg in this vertical going forward. From our rugged M-Series smart glasses to our growing family of waveguide-based see-through smart glasses including our recently introduced Ultralite, no company in the world can offer customers a more competitive selection of wearable high-performance devices than Vuzix."
Read the full article here.
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No. 5 VUZI Potential Catalyst - Vuzix Recently Showcased At CES 2023, One Of The Most Influential Tech Events In The World
Here's a quick list of what VUZI exhibited at the event:
- Using a Vuzix accessory adaptor and a compatible infrared camera, including FLIR cameras, Vuzix M-Series AR smart glasses will allow visitors to see in the infrared spectrum, giving them a heads-up display of what's normally hidden from view. Infrared video can also be broadcast over Zoom to enable team inspections.
- Using Vuzix Blade 2 AR smart glasses, visitors will be put in charge of solving a real-life industrial challenge, the resetting of an electric power station, using on-glasses video and a set of work instructions.
- Using Vuzix Shield AR smart glasses, visitors will be put in the role of a quality check inspector checking one of the most beautiful bikes ever, a real MV Agusta Superveloce 8001, to perform a scan for equipment recalls.
- Using Teamviewer Frontline software running on Vuzix M400 AR smart glasses, visitors will be able to explore how major distribution centers drive efficiency improvements every day.
- Finally, as part of its OEM offerings, Vuzix will be showcasing the 2023 CES award wi-nn-ing, sleek, AR smart glasses reference design called Vuzix Ultralite. Offering fully customizable form factors, optics and more, Vuzix OEM solutions produce smart glasses and components that are miles ahead of the pack to support the worldwide adoption of AR.
"We keep expanding and improving the competitiveness of our smart glasses family of products. We enter 2023 with the strongest product lineup in our history, one that continues to attract an expanding number of blue chip customers across a wide range of industry verticals," said Paul Travers, President and CEO of Vuzix. "We intend to remain focused on offering solutions that increase worker productivity, interactivity and safety while reducing errors and improving our carbon footprint."
Read the full article here.
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VUZI Recap - Key Potential Breakout Catalysts For This Nasdaq Past Champ
No. 1 - A Massive $15 Target From Dawson James
No. 2 - Vuzix Smart Swim® glasses Successfully Tested For Underwater Satellite Communications
No. 3 - The Hits Keep Coming... Another Significant Milestone Achieved
No. 4 - Orders For Vuzix Smart Glasses Continues To Grow (Significantly)
No. 5 - Vuzix Recently Showcased At CES 2023, One Of The Most Influential Tech Events In The World
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Coverage is officially reinitiated on VUZI. When time permits, do this:
