Accessibility StatementSkip Navigation ROCHESTER, N.Y., and CHICAGO, Oct. 2, 2025 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of AI-powered smart glasses, waveguides and Augmented Reality (AR) technologies, today announced a strategic partnership with BUNDLAR, a no-code augmented reality content management system (CMS) platform. The collaboration positions both companies to capitalize on accelerating global demand for extended reality (XR) solutions a ...

ZDNET's key takeaways The Xreal One Pro is available for $649, and the Xreal Eye accessory is priced at $99. Thanks to the X1 chip, no special software is required for advanced functionality, the FOV is the best available, the glasses are comfortable, and the display is bright and clear. The glasses are rather expensive, and two sizes for your eye width make them fit best for individuals.$649 at AmazonFollow ZDNET: Add us as a preferred source on Google.For the past several months, I have been wearing ...

Core Insights - Meta is set to launch new smart glasses named Hypernova in September, starting at a price of $800, down from an initial plan of $1,000 [2][3] - The Hypernova glasses will feature a display for apps and alerts, and will be controlled via a wrist accessory, indicating a shift towards glasses potentially replacing smartphones in the future [3][4] Pricing and Market Context - Current Meta Ray-Ban glasses are priced between $200 to $400, while Oakley smart glasses can cost up to $500, positioning Hypernova at a premium price point [2] - The price reduction for Hypernova suggests a strategic move to capture a larger market share in the smart glasses segment [2] Technological Features - Hypernova is rumored to include a smartphone-quality camera and a voice-activated AI tool, reflecting advancements in wearable technology [4] - The glasses are designed to work in conjunction with mobile phones, hinting at a future where they may serve as standalone devices [3][4] Industry Trends - EssilorLuxottica reported a more than 200% increase in sales of Ray-Ban Meta glasses in the first half of the year, indicating strong market demand for smart eyewear [5] - The convergence of AI, sensory technology, and healthcare data is seen as a transformative trend in the eyewear industry, as stated by EssilorLuxottica's leadership [5] Competitive Landscape - Google is also entering the smart glasses market with its Android XR operating system, partnering with eyewear brands to create AI-equipped glasses, which may intensify competition in the sector [6][7] - The vision of AI assistants integrated into eyewear is a common theme among tech companies, suggesting a growing trend towards augmented reality and smart devices [7]

Company Overview - Wearable Devices Ltd. is a technology growth company specializing in AI-powered touchless sensing wearable devices [6] - The company offers products for both consumer and business markets, including the Mudra Link and Mudra Band for B2C consumers, and the Mudra Development Kit for B2B enterprises [4][6] - The flagship product, Mudra Link, is a neural input wristband that enables hands-free, gesture-based control of digital devices using neural signals [3][6] Product Highlights - Mudra Link began shipping earlier this year and is compatible with multiple platforms including Android, iOS, Windows, and macOS, as well as leading AR glasses [3] - The product has received a CES 2025 Innovation Award and has been praised for its intuitive interface and low-latency performance [3] - The Mudra Band integrates stylish design with advanced AI to empower consumers, while the enterprise solutions provide tools for immersive experiences [6] Industry Context - XR Fair Tokyo is a leading B2B exhibition focused on virtual reality, augmented reality, mixed reality, and the broader metaverse ecosystem [2] - The event serves as a platform for companies to showcase innovations across various industries, including entertainment, manufacturing, and education [2] - The growing adoption of gesture-based controls in smart glasses and face-worn devices is highlighted as a trend in the industry [5] Upcoming Events - Wearable Devices will exhibit at the Fifth XR Fair Tokyo from July 2 to July 4, 2025, at the Tokyo Big Sight convention center [1] - The company aims to showcase how Mudra enables seamless, hands-free interaction across AR use cases during this event [5]

Core Insights - Vuzix Corporation is recognized as a finalist for the "Best Headworn Device" category at the AWE Auggie Awards and has won the Most Innovative XR Product award from XR Today [1][3][4] - The company will showcase its smart glasses, including the Ultralite Pro, at the Augmented World Expo USA 2025, which is the largest conference for AR, VR, and wearable technology [2][3] - Vuzix is a leading designer and manufacturer of AI-powered smart glasses and AR technologies, holding over 425 patents and numerous IP licenses [6] Company Participation and Recognition - Vuzix will participate in the Augmented World Expo USA 2025 from June 10 to June 12, 2025, at the Santa Clara Convention Center [1][2] - The Ultralite Pro Smart Glasses are highlighted as a lightweight 3-D binocular display platform for both enterprise and consumer applications [2] - The XR Awards 2025 celebrates excellence in XR technologies across various sectors, including healthcare and logistics [3] Leadership and Innovation - Paul Travers, President and CEO of Vuzix, emphasized the company's commitment to innovation and its role in enhancing user experiences and operational efficiency [4] - Vuzix continues to solidify its position as a key player in the AR industry through its innovative products and solutions [4][6]

Core Viewpoint - Alphabet Inc. has faced challenges in 2025, with shares down nearly 11% year-to-date, underperforming both the broader market and the technology sector [1][2] Company Developments - Despite competitive pressures and regulatory concerns, Alphabet is positioning itself for a significant comeback, particularly in artificial intelligence [2][13] - At the Google I/O 2025 conference, Alphabet showcased its AI capabilities, particularly through its Gemini platform, which now serves over 400 million monthly users and has attracted over 7 million developers [4][3] AI Innovations - Major updates included the launch of Gemini 2.5 models with enhanced reasoning capabilities and new features aimed at enterprise users [5][6] - Google introduced a suite of AI-powered tools across its ecosystem, including a conversational AI mode in Google Search and an all-purpose AI assistant named "Project Astra" [6][7] Market Sentiment - Analysts remain optimistic, with JPMorgan reiterating an Overweight rating and maintaining a price target of $195 following the Google I/O event [3][10] - Of 40 analysts covering GOOGL, 30 rate the stock as a Buy, with an average 12-month price target of $199.75, indicating a potential upside of nearly 19% from current levels [10][11] Institutional Support - Over the past 12 months, GOOGL has seen $95.7 billion in institutional inflows, significantly outweighing $52.4 billion in outflows, indicating strong institutional confidence [11][12] - Bill Ackman's Pershing Square increased its GOOGL position by 11.33% last quarter, further reflecting positive sentiment towards Alphabet's future [12]

Core Insights - Samsung's Project Moohan aims to compete with Apple's Vision Pro by being the first device to run on Android XR, set for launch this year [1] - Xreal's Project Aura, backed by Alibaba, is a lightweight XR product that also operates on Android XR, marking Google's entry into the XR operating system market [2][3] - The competition in the XR space is intensifying, with Xreal and Samsung positioning themselves against Meta and Apple [7] Company Developments - Samsung's Project Moohan is designed to rival Apple's $3,500 Vision Pro and will utilize Google's Android XR, which incorporates the AI assistant Gemini [1] - Xreal's Project Aura is the first glasses format device to run on Android XR, featuring Qualcomm's Snapdragon XR chips and requiring tethering to another device [3][4] - Xreal's previous products relied on its in-house operating system, but Project Aura will leverage Google's software and Qualcomm's technology [5][6] Industry Trends - The launch of Android XR is a strategic move by Google to establish itself as a major player in the XR operating system market, similar to its success with Android for smartphones [2][6] - The competition is heating up as tech giants like Meta and Apple view extended reality as a new computing paradigm, with Xreal's glasses providing a lighter alternative to traditional headsets [7]

Core Insights - BILT Incorporated's case study demonstrates the effectiveness of spatial computing and extended reality (XR) in enhancing trade school education, particularly in a 12-week electrical contracting certification program [1][2] Group 1: Study Findings - The integration of BILT's immersive training modules resulted in students completing the course nearly 24% faster than those using traditional methods [4] - 76% of students were tracked to be at least 3 weeks ahead of schedule, while 88% were 2.5 weeks ahead [4] - Errors related to reverse polarity and sheathing were completely eliminated, dropping from 18% and 20% to 0% [4] - Errors in connecting traveler wires to 4-way switches decreased by 90%, from 50% to 5% [4] - 93% of students reported feeling ready to apply their new skills in real-world scenarios [4] - Student engagement increased by 50%, facilitated by early access to immersive content that allowed hands-on practice without risks [4] Group 2: Company Overview - BILT provides 3D Intelligent Instructions for a wide range of products, enhancing professional training and user experience in assembly, installation, maintenance, and repair [3] - The platform is recognized for its efficiency and sustainability, offering interactive instructions across various operating systems, including immersive instructions for Apple Vision Pro [3]

Core Insights - Ohio University, HTC VIVE, and Virtualware have partnered to launch the Digital Enterprise Collaboratory (DEC) to support advanced manufacturing in Ohio [1][2] - The DEC will enhance Ohio University's engineering education and workforce development through real-time collaboration using XR technologies [2][4] - The program aims to address the demand for new factory workers and prepare the local workforce for advanced manufacturing jobs [3][4] Partnership Details - The collaboration combines Ohio University's engineering expertise, HTC VIVE's XR technologies, and Virtualware's VIROO platform [2] - The DEC will facilitate product development and research by connecting university, industry, government, and Department of Air Force Research Laboratories members [2][4] Infrastructure and Facilities - The DEC will consist of two laboratories located at Ohio University's Athens Campus and the OHIO facility in Dayton [5] - These labs will be equipped with virtual reality tools and connected through the VIROO platform, enabling real-time collaboration and project sharing [5] Workforce Development - The initiative is expected to help meet the estimated demand for 7,000 new workers in advanced technology factories being established by companies like Intel and Anduril [4][5] - Ohio University will expand its existing manufacturing training and certification programs to support this workforce demand [3] Event and Launch - The DEC will officially open on May 5 at the Athens Campus and on May 7 in Dayton, coinciding with the Dayton Digital Transformation Summit [6]

Financial Data and Key Metrics Changes - Total revenue for Q4 2024 was $5.4 million, down from $10.9 million in the prior year period, reflecting federal budget delays and grant distribution pauses [21][22] - Full year 2024 revenue totaled $26.4 million, compared to $38.8 million in 2023, indicating a significant decline due to a constrained booking environment [24][25] - Bookings for Q4 2024 grew to $12.2 million, a 37% sequential increase from Q3 2024, although many orders came late in the quarter [22] - Full year 2024 bookings totaled $29.6 million, down $4.2 million year-over-year, but excluding 2023 design and prototype contracts, bookings for federal services and STEP contracts increased by 24% [23] Business Line Data and Key Metrics Changes - Government revenue for 2024 was $22.9 million, down from $31 million in the prior year, impacted by the funding environment [25] - International revenue for 2024 was $3.1 million, compared to $6.5 million in the prior year, although bookings in the international market increased by 68% [25][26] - Gross profit for Q4 was $3.7 million (69% of total revenue), down from $9.2 million (84% in the prior year), primarily due to lower revenue [26] Market Data and Key Metrics Changes - The company secured contracts with government and law enforcement agencies in Europe and Latin America, expanding its training solutions to 44 countries [11] - The backlog as of December 31, 2024, totaled $22 million, including $10.6 million in capital, $6.6 million in service and warranties, and $4.8 million in STEP contracts [31] Company Strategy and Development Direction - The rollout of the V-XR platform is a strategic priority, with early customer reception being strong [12] - The company is focused on enhancing its sales pipeline and securing funding for law enforcement agencies [8][19] - Investments in manufacturing capabilities and operational infrastructure are aimed at handling large-scale contracts effectively [16] Management's Comments on Operating Environment and Future Outlook - Management noted that the funding environment remains unpredictable but believes that the long-term need for advanced training solutions continues to grow [34] - The company is optimistic about converting backlog into revenue as market conditions stabilize [34] - Management is closely monitoring macroeconomic factors impacting government funding cycles [17] Other Important Information - The company recorded a $750,000 revenue adjustment related to a prior international sale from 2021, affecting reported revenues for 2024 and 2023 [24] - Cash and cash equivalents as of December 31, 2024, were $18 million, down from $18.8 million in December 2023 [31] Q&A Session Summary Question: How long will the current funding softness last? - Management indicated that the funding environment may stabilize in a couple of quarters after the current assessments are completed [40][41] Question: What initiatives are being undertaken to weather the uncertainty? - The company has created a grant program to assist customers in navigating the funding process and has engaged with policymakers to advocate for clearer funding processes [44][45] Question: What is the outlook for the IVAS opportunity following the handoff to Anduril? - Management believes the transition to Anduril is a net positive, as Anduril has a strong history with government contracts and understands the requirements better than Microsoft [48][51] Question: How much of the $22 million in bookings should be recognized in 2025? - Management confirmed that if a booking is recorded, it means funding is secured, and the majority is expected to convert to revenue in 2025 [58] Question: Can you discuss the V-XR pricing and market opportunity? - The price point for V-XR ranges from $35,000 to $100,000, and the company sees significant opportunities in smaller, budget-constrained agencies [71][75]