web analytics
0.3 C
Sunday, November 27, 2022

The Exciting Story of Vuzix Corporation (NASDAQ:VUZI)

Vuzix Corporation (NASDAQ:VUZI) has been making big gains in recent weeks topping $9.30 a share on steady accumulation. The move up comes as the Company begins shipping their M300 next generation smart glasses.

VUZI started off on the OTCBB but was up-listed to the NASDAQ stock exchange earlier this year.  The Company is looking to be a leader in the booming VR headset market and is well funded with $8.2 million in the treasury.

Vuzix Corporation (NASDAQ:VUZI) is a leading supplier of Video Eyewear and Smart Glasses products in the consumer, commercial and entertainment markets. Over the years the Company has transformed itself focusing on consumer electronics and products suited for the mainstream consumer. By 2011 the Company had released its first augmented reality consumer product, the STAR 1200 featuring a bulky display. This was the early predecessor to the M100 which was released to enterprise consumers in 2013 for $1,000.

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 virtual and augmented reality. Vuzix holds 39 patents and 10 additional patents pending and numerous IP licenses in the Video Eyewear field.

The Company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2014 and several wireless technology innovation awards, among others. Founded in 1997, Vuzix is a public company with offices in Rochester, NY, Oxford, UK and Tokyo, Japan.

Their flagship is the M100 Smart Glasses; the world’s first commercially available “Smart Glasses.” It is an Android-based wearable computer, enhanced with a wearable monocular display and computer, recording features and wireless connectivity capabilities designed for commercial, professional, and prosumer users.

Powerful, small and lightweight, the M100 is well suited for a variety of industrial, medical, retail and prosumer applications. Pre-installed apps can be used to record and playback still pictures and video, track timed events, manage your calendar, link to your phone and more. The M100 is also compatible with thousands of existing Android apps and easy access to developer resources enables the creation of custom apps to suit virtually any need.

To Find out the inside Scoop on VUZI  Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

VUZI gained national media attention when their M100 Smart Glasses beat Google Glass to the market. Rumors suggest that a group of Google engineers spent a day at the Consumer Electronics Show hanging around Vuzix’s booth and asking questions. According to those who have tried both Google Glass and VUZI M100 the M100 is the better product. Google glass is not as energy efficient and tends to overheat during heavy use.

In connection with Intel’s $24.8 million investment they purchased 49,626 of Vuzix’ Series A Preferred Stock, which are convertible into 4,962,600 shares of Vuzix’ common stock at an initial conversion price of $5.00 per share, subject to adjustment in the event of stock splits, dividends or other combinations. The shares issuable upon conversion of the Series A Preferred Stock represent approximately 30 percent of Vuzix total outstanding stock.

Smart glasses are taking off and VUZI is leading the pack that includes the likes of Google, Facebook, Samsung and many others. VUZI has a superior and significantly more advanced technology then the competition as well as a patent portfolio that consists of 39 issued patents and another 10 more pending in the wearable technology field.

On July 19 VUZI announced Ubimax, a leading supplier for industrial wearable computing solutions, has joined the Vuzix Industrial Partner (VIP) program. As one of the first to join this by-invitation only program, Ubimax’s designation as a VIP signals the first European shipments of Vuzix next generation M300 Smart Glasses.

Known for pioneering smart glasses in the logistics industry with the now famous DHL deployment of xPick on Vuzix M100 Smart Glasses, Ubimax has grown to include the worldwide first Enterprise Wearable Computing Suite of industrial applications including xMake for manufacturing, xInspect for maintenance, and xAssist for remote assistance. Ubimax will seek to leverage the new Vuzix M300 Smart Glasses to scale many existing productive deployments of its large client base into global roll-outs in 2016 and 2017.

VUZI CEO Paul Travers said “We’ve seen the tremendous efficiency lift that the Ubimax solution offered with the M100. With the M300, we expect to achieve even greater productivity improvements. Given the results we anticipate, we are confident that DHL and many more Ubimax customers will implement operational usage of the M300 in ever increasing numbers.”

We have a Monster Pick Coming. Subscribe Right Now!

Currently trading at a $132 million market valuation VUZI has $20 million in the treasury and boasts small but fast growing revenues. VUZI is an exciting story developing in small caps that recently up-listed to the NASDAQ stock market who’s M100 smart glasses catapulted VUZI into the mainstream media. The Company recently began shipping the M300 next generation smart glasses that boast significant productivity improvements over the M100 and are set to have a significant impact on the booming VR headset market. We will be updating on VUZI when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with VUZI.

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

Disclosure: we hold no position in VUZI either long or short and we have not been compensated for this article.

More articles



Please enter your comment!
Please enter your name here

Latest article

Sign up now for our 100% FREE Penny Stock Newsletter

Privacy Policy. we will never share your email with anyone.