VUZIX CORP CMN STK (OTCBB:VUZI) continues to trade higher highs and higher lows and hold its gains with ease. Once VUZI takes out the high of $4.58 from January this stock is wide open!
Back in 2005 VUZI transformed itself as a Company and began to focus 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
VUZIX CORP CMN STK (OTCBB:VUZI) is developing a number of products including 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.
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Earlier this year VUZI announced a deal with Lenovo to launch and market the M100 Smart Glasses in China. This marks a strategic shift for the Company as they release the M100 glasses into broader markets. Under the terms of the agreement, Vuzix will be the sole smart glasses provider to Lenovo in enterprise markets, and Lenovo will co-brand and market the device in China starting in September.
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.
the Company has 2 big releases planned for this year. The first is the second release of the M100 with an improved software package and user interface. The new software package will improve functionality and dovetail with enhanced enterprise capability across industries outside of warehousing. The 2nd is what some are already calling the best augmented reality product to hit the market ever utilizing wearable displays for augmented reality. Instead of having to stare up at a tiny screen, imagine smart glasses which project the image into the space in front of the user by use of holographic optical technology.
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Conclusion: VUZI is making another explosive move up on accelerating volume; the $4.58 the stock hit in January is currently the price to beat and will mark the breakout point once it does. VUZI has a ton going for it here, 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.
Currently trading at a $34 million market valuation VUZI has close to $2 million in the treasury and boasts small but fast growing revenues; for the quarter ended June, 30, 2014 the Company reported $609,887 in sales compared to $511,861 for the same period last year. VUZI already has a strong and loyal shareholder base that swears this one goes way higher. The Company is regularly featured in mainstream media and investors know that any public speculation on the M100 is enough to drive the stock skyward; no wonder everyone is accumulating VUZI.
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Disclosure: we hold no position in VUZI either long or short and we have not been compensated for this article.