Just in case you're more of a visual learner, I've circled my approximate alerted price and yesterday's high above in VUZI's 3-month chart.
Immediate Potential Catalyst - Yesterday's News
Vuzix Delivers Customized Waveguide-Based HMD System to a Global Aerospace Firm to Complete Phase IV of this Product Development Program
Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, announced it has delivered a customized commercial and defense avionics waveguide-based head mounted display (HMD) system to a global Tier-1 Aerospace firm as part of the work effort associated with the fourth phase of product development for this customer.
The customized HMD development program with this Tier-1 Aerospace firm that is targeting their commercial and defense customer base has continued to expand and move towards volume production orders since it was first announced in 2018. Phase IV of this program was originally announced by Vuzix on April 20, 2020. To date, the Company has now received approximately $1.3Mn in non-recurring engineering services revenues on this program. As part of the next steps, the customer and the Company are now negotiating a supply agreement for volume production of this customized HMD waveguide and HD display engine product, with deliveries commencing as early as fall 2020. Contemplated quantities should represent a significant revenue opportunity for Vuzix, with ongoing deliveries over several years depending on end customer demand.
"We are very pleased with the progress we continue to make with this major aerospace/defense customer as we pursue a significant production opportunity in the avionics space," said Paul Travers, President and CEO of Vuzix. "OEM custom waveguide-based projects such as this should represent a profitable vehicle for leveraging our extensive optical expertise and IP and we look forward to announcing further developments with this firm, as well as numerous others, going forward."
Augmented Reality: The Future Is Here...
Augmented reality (AR) is the blending of interactive digital elements – like dazzling visual overlays, buzzy haptic feedback, or other sensory projections – into our real-world environments.
Google SkyMap is a well-known AR app. It overlays information about constellations, planets and more as you point the camera of your smartphone or tablet toward the heavens.
Wikitude is an app that looks up information about a landmark or object by your simply pointing at it using your smartphone's camera.
Need help visualizing new furniture in your living room? The IKEA Place app will provide an overlay of a new couch for that space before you buy it so that you can make sure it fits.
Augment reality is a technology that is here to stay and the potential growth of this industry could soon shoot through the roof. Several researchers agree:
- The global augmented reality market is estimated to reach $73Bn by 2024 – ResearchAndMarkets, January 2020
- The global augmented reality market has the potential to grow by $77Bn during 2020-2024 – Technavio, January 2020
- The augmented reality market is estimated to reach $73Bn by 2024 – MarketsandMarkets, January 2020
- The augmented reality market will exceed $43Bn by 2024 – Juniper Research, October 2019
- The augmented reality market size is set to cross $50Bn by 2024 – Global Market Insights, September 2019
Because of these numbers/stats and more, I want you to turn to an up-and-comer still flying under Wall Street's noses.
For Friday, July 17th, your breakout NASDAQ profile is:
> Vuzix Corporation (VUZI) <
Vuzix is a leading supplier of Smart-Glasses and Augmented Reality (AR) technologies and products for the consumer and enterprise markets. The Company's products include personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality.
Not only do you need to pay attention to the potential AR landscape, but the Smart-Glasses industry could also see significant growth in the years to come. See for yourself:
- More than 40Mn smart glasses will be shipped by 2023 – ABI Research, August 2019
- The global market for smart AR glasses will grow to 20Mn units annually by 2025 – Tractica, August 2019
Those figures are nothing to shake a stick at. They are huge and could grow even bigger over time.
That's potentially why multiple analysts see this stock as currently undervalued.
#2 Potential VUZI Catalyst: $10.00 Price Target
According to MarketBeat's website, there is currently a $10.00 target coming from Chardan Capital.
Take into account where VUZI closed on Thursday ($4.19).
You'll see from that closing valuation, this profile has approximately 138% in upside potential.
Just imagine if some more major news comes out that's brings buzz to this company's stock?
#3 Potential VUZI Catalyst
Vuzix Highlights its Growing Augmented Reality Smart Glasses Patent Portfolio for Next Generation Smart Glasses
-Vuzix waveguides with holographic optics, laser and micro LED display integration cornerstone to producing fashion forward wearable computer smart glasses
-Company's patent portfolio has grown from 90 patents and patents pending to 166 over the last 36 months
Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, today announced the recent granting of a series of patents and patents pending, focused on wearable computer and augmented reality (AR) smart glasses. The Vuzix patent portfolio has grown from 90 patents and patents pending to 166 over the last 36 months. The portfolio encompasses a range of IP including waveguides with holographic optics, laser and micro LED display integration, fashion forward industrial designs and optics that support low cost single layer waveguides to multilayer large field of view solutions.
"Vuzix IP includes our patent portfolio and the secret sauce for the manufacturing in volume of the IP contemplated. This portfolio further expands Vuzix protection of our augmented reality technology and is cornerstone to delivering our current and most importantly our next generation smart glasses under development," said Paul Travers, Vuzix President and Chief Executive Officer.
#4 Potential VUZI Catalyst
Vuzix Selected by Verizon for Integration with its 5G-enabled EMS Solution to Deliver Enhanced Medical Augmented Reality for First Responders
5G EMS Vuzix Smart Glasses Solution to be focused on patient EMS journey from pre-incident to recovery powered by Verizon's 5G Ultra-Wideband network
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 has been selected by Verizon to co-develop a 5G-enabled Smart Glasses EMS solution for first responders and public safety. As part of the EMS Solutions Bundle Powered by Verizon 5G, Vuzix will have access to Verizon 5G specialists, engineers and Verizon's 5G Ultra-Wideband network over the next six months to further develop, test and refine its 5G EMS Smart Glasses solution for first responders and public safety, which will be unveiled and showcased by Verizon in January 2021 in front of a community of leaders in the Emergency Management fields and Verizon leadership.
The Vuzix M400 and soon-to-be-launched waveguide-based M4000 Smart Glasses will help provide critical information en route to an emergency event or utilized on-scene to provide 911 call data to prep for treatment. The heads-up display of the Vuzix Smart Glasses can provide equipment locations and treatment options and also overlay patient medical history, medications or alerts. For more information about Verizon's continued commitment to invest in public safety and support first responders, please visit 5G First Responder Lab.
"The CV-19 global pandemic has created new challenges for EMS workers on the frontline and Vuzix Smart Glasses technology, in combination with Verizon's 5G Ultra-Wideband network, can help deliver hands-free critical patient information, telehealth and remote diagnostics solutions to assist frontline workers," said Paul Travers, Vuzix President and Chief Executive Officer. "We're excited to expand our relationship with Verizon and work together with them and their partners to offer a 5G EMS Vuzix Smart Glasses solution to the market for first responders and public safety."
#5 Potential VUZI Catalyst
Vuzix® Delivers Customized Waveguide-based Optics Engine to a Major US Defense Contractor
Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses, Augmented Reality (AR) technology and products for the consumer and enterprise markets, is pleased to announce that the Company has successfully delivered a customized waveguide-based optics engine pursuant to the Phase 1 non-recurring engineering (NRE) agreement announced in March 2020.
"We are pleased to report that Vuzix delivered product deliverables against Phase 1 of this NRE agreement ahead of schedule and we believe that this customer has potential for greater NREs in subsequent phases before an accepted final product design leads to a volume production order for Vuzix," said Paul Travers, President and Chief Executive Officer at Vuzix.
More From The VUZI Company Website
Vuzix Waveguides, Optics and Display Engines
Vuzix is a leader in Optics technology for near eye displays and one of the largest suppliers of smart glasses in the world. We have a reputation across the smart glasses industry for creating market-leading technology and high-quality products that is protected by 146 patents and patents pending.
Our smart glasses and component technologies are the result of extensive research, design, and development, which we then supplement through OEM partnerships with major tech companies. Our light thin and ergonomic Waveguide designs coupled with our innovative optics for display engines create some of the most desirable and adaptable products.
We provide full customer ready solutions, modular sub-systems, or even full custom Waveguide with display engine designs.
WAVEGUIDES, OPTICS & DISPLAY ENGINES
Our world-class research and development have resulted in market-leading Waveguide optic technology. Our world class optics team specializes in custom solutions from full system designs to basic Waveguides for use in third party solutions. We are experts at directing the light where it needs to be in a compact, efficient package.
Vuzix is at the forefront of the smart glasses industry, providing smaller, lighter and more efficient display engines to the market. We provide high-resolution displays without obstruction.
mart glasses employing Waveguide-based optics have many enterprise and commercial uses such as warehousing, remote support, manufacturing, navigation, entertainment, gaming and learning. The possibilities for this technology are constantly growing and evolving with the changing demands of industry.