Augmented Reality (AR) technologies
Search documents
Vuzix and Collins Aerospace Announce Strategic Collaboration to Scale Augmented Reality Defense Solutions
Prnewswire· 2025-12-19 15:00
Core Insights - Vuzix Corporation continues its multi-year collaboration with Collins Aerospace, resulting in the production approval and delivery of advanced waveguide-based AR display systems for U.S. Department of Defense programs [1][2] Group 1: Collaboration and Development - The development program has led to the completion of a waveguide-based display engine for a next-generation wearable display system, aimed at supporting dismounted soldier operations and drone control [2] - This partnership positions both companies for low-rate initial production (LRIP) and full-rate production needs starting in 2026, utilizing Vuzix's custom waveguide manufacturing capabilities [2][3] - Joint process validation is nearing completion, with final hardware deliveries to government customers expected to begin in Q1 2026 [2] Group 2: Strategic Importance - The collaboration is seen as a significant step in supporting U.S.-based defense manufacturing and establishing Vuzix as a key component in Collins Aerospace's advanced vision systems [2][3] - Vuzix's President and CEO highlighted the importance of working with trusted integrators in the aerospace and defense industry to deliver high-performance waveguide systems at scale [3] Group 3: Company Overview - Vuzix is a leading designer and manufacturer of AI-powered smart glasses and AR technologies, holding over 450 patents and numerous IP licenses in optics and augmented reality [4] - The company has received multiple awards for innovation, including recognition at the Consumer Electronics Show from 2005 to 2024 [4]
The AR Alliance Welcomes Vuzix as a New Member
Businesswire· 2025-11-25 14:05
Core Insights - The AR Alliance has welcomed Vuzix Corporation as a new member, highlighting a significant moment for the augmented reality (AR) industry [1][4] - The AR Alliance aims to accelerate innovation and unify the AR industry through collaboration among diverse organizations [2][3] Company Overview - Vuzix Corporation specializes in AI-powered smart glasses, waveguides, and AR technologies for various markets including enterprise, medical, defense, and consumer [5] - The company holds over 450 patents and has received multiple awards for innovation from 2005 to 2024 [5] Industry Context - The AR Alliance consists of a diverse membership that includes major players like STMicroelectronics, META, and Qualcomm, fostering a collaborative environment for AR hardware development [7][10] - The establishment of the AR Alliance as a division of SPIE emphasizes its commitment to advancing an open and interoperable AR ecosystem [10][11]
Vuzix Reports Third Quarter 2025 Results
Prnewswire· 2025-11-13 21:01
Core Insights - Vuzix Corporation reported a total investment of $20 million from Quanta Computer, with a recent tranche of $5 million received in Q3 2025 to support smart glasses initiatives [1][2] - The company ended Q3 2025 with $22.6 million in cash and achieved a 22% reduction in operating expenses year-over-year [1][3] Financial Performance - Total revenues for Q3 2025 decreased by 16% to $1.2 million compared to $1.4 million in Q3 2024, driven by a 9% decline in smart glasses product sales and a 33% drop in engineering services revenues [5] - The gross loss for Q3 2025 was $0.4 million, an increase from a gross loss of $0.3 million in Q3 2024, primarily due to lower revenues [6] - Operating expenses decreased by 22% year-over-year, with significant reductions in selling and marketing expenses (down 35%) and general and administrative expenses (down 41%) [9][10] Strategic Developments - Dr. Chris Parkinson was appointed as President of Vuzix Enterprise Solutions to enhance enterprise deployments and capitalize on customer demand [2][11] - The company received initial purchase orders from a major global online retailer for smart glasses to support maintenance programs, with significant deliveries expected in Q4 2025 [2][11] - Vuzix was awarded a six-figure development order for customized waveguides for military applications from a leading U.S. defense contractor [2][11] Future Outlook - The company anticipates robust growth in Q4 2025 across product revenue and engineering services, driven by ongoing OEM programs and a backlog of smart glasses orders [12] - Vuzix aims to advance its OEM-driven model while scaling direct enterprise deployments, with plans to showcase new concepts at CES 2026 [12]
Vuzix to Participate in the 16th Annual Craig-Hallum Alpha Select Conference on November 18th 2025
Prnewswire· 2025-11-12 17:30
Core Insights - Vuzix Corporation will participate in the 16th Annual Craig-Hallum Alpha Select Conference on November 18, 2025, in New York City, allowing institutional investors to request one-on-one meetings with company management [1]. Company Overview - Vuzix is a prominent designer, manufacturer, and marketer of AI-powered smart glasses, waveguides, and augmented reality (AR) technologies, catering to enterprise, medical, defense, and consumer markets [2]. - The company offers head-mounted smart personal display devices and wearable computing solutions, focusing on mobility and augmented reality applications, along with OEM waveguide optical components and display engines [2]. - Vuzix holds over 450 patents and patents pending, along with numerous IP licenses in optics and augmented reality wearables [2]. - The company has received multiple awards for innovation at the Consumer Electronics Show (CES) from 2005 to 2024, as well as several wireless technology innovation awards [2]. - Founded in 1997, Vuzix is publicly traded on NASDAQ under the ticker VUZI, with offices located in Rochester, NY, and Kyoto and Okayama, Japan [2].
Vuzix Schedules Conference Call to Discuss Third Quarter 2025 Financial Results and Business Update
Prnewswire· 2025-10-30 13:00
Core Points - Vuzix Corporation will host a conference call to discuss its third quarter 2025 operating results on November 13, 2025, at 4:30 PM ET [1] - The call will feature Vuzix's CEO Paul Travers and CFO Grant Russell, who will provide operational and financial highlights for the quarter ending September 30, 2025 [3] - A live and archived webcast of the conference call will be available on the company's investor relations page [3] Company Overview - Vuzix is a leading designer, manufacturer, and marketer of AI-powered smart glasses, waveguides, and augmented reality technologies for various markets including enterprise, medical, defense, and consumer [5] - The company holds over 450 patents and has received numerous awards for innovation, including recognition at the Consumer Electronics Show from 2005 to 2024 [5] - Vuzix was founded in 1997 and is publicly traded on NASDAQ under the ticker VUZI, with offices in Rochester, NY, and Japan [5]
Vuzix Expands OEM Defense Program Base with New Six-Figure Waveguide Development Order from a Leading U.S. Defense Contractor
Prnewswire· 2025-09-29 13:01
Core Insights - Vuzix Corporation has received a six-figure development order for customized waveguides from a leading defense contractor, aimed at creating a lightweight heads-up display for military personnel [1][2]. Company Overview - Vuzix is a prominent designer, manufacturer, and marketer of AI-powered smart glasses, waveguides, and augmented reality technologies, serving various markets including enterprise, medical, defense, and consumer [3]. - The company holds over 450 patents and has received multiple awards for innovation, including recognition at the Consumer Electronics Show from 2005 to 2024 [3]. Industry Position - Vuzix's advanced display technologies and U.S.-based manufacturing capabilities are enhancing its reputation as a key supplier for next-generation wearable display solutions in the defense sector [2]. - The company is experiencing a steady expansion in the number of defense programs it is involved with, indicating growth potential in this market [2].
Saphlux and Vuzix Collaborate to Advance AR Display and Glasses Solutions
Prnewswire· 2025-09-19 17:03
Core Insights - Saphlux, Inc. and Vuzix Corporation have announced a strategic collaboration aimed at delivering high-performance optical solutions for next-generation AI/AR glasses [1] Company Overview - Saphlux is recognized as a leader in quantum dot MicroLED displays, indicating a strong position in advanced display technologies [1] - Vuzix Corporation is a prominent supplier of AI-powered smart glasses and Augmented Reality technologies, showcasing its expertise in the AR sector [1] Industry Implications - The collaboration is expected to accelerate the adoption of next-generation AI/AR glasses, highlighting a growing trend in the integration of advanced optical solutions within the augmented reality market [1]
Vuzix to Highlight Key OEM & Waveguide Manufacturing Capabilities at Vision Expo West 2025
Prnewswire· 2025-09-15 17:00
Core Insights - Vuzix Corporation is participating in Vision Expo West 2025, showcasing its AI-powered smart glasses and AR technologies [1][5] - The company has over 25 years of experience in augmented reality and has shipped multiple generations of waveguide-enabled AR eyewear since 2018 [1][3] - Vuzix is collaborating with industry leaders to integrate design, lens integration, and processing requirements for mass adoption of smart glasses [1] Company Overview - Vuzix is a designer, manufacturer, and marketer of AI-powered smart glasses, waveguides, and AR technologies for various markets including enterprise, medical, defense, and consumer [3] - The company holds more than 450 patents and has received numerous awards for innovation, including CES awards from 2005 to 2024 [3] - Founded in 1997, Vuzix is publicly traded on NASDAQ under the ticker VUZI, with offices in Rochester, NY, and Japan [3]
Vuzix Achieves Waveguide Production and Yield Targets and Receives $5 Million Second Tranche Investment from Quanta Computer
Prnewswire· 2025-06-16 12:30
Core Insights - Vuzix Corporation has received a $5 million second tranche investment from Quanta Computer, increasing Quanta's total investment in Vuzix to $15 million out of an anticipated total of $20 million [1][2]. Company Overview - Vuzix is a leading designer, manufacturer, and marketer of AI-powered smart glasses, waveguides, and augmented reality technologies for various markets including enterprise, medical, defense, and consumer [3]. - The company holds over 425 patents and has received multiple awards for innovation at the Consumer Electronics Show from 2005 to 2024 [3]. - Vuzix was founded in 1997 and is publicly traded on NASDAQ under the ticker VUZI, with offices in Rochester, NY, and Japan [3]. Investment Impact - The recent investment is seen as a significant milestone in strengthening the partnership with Quanta and enhancing Vuzix's waveguide production capabilities [2]. - The funding aims to position Vuzix to deliver affordable, lightweight, and high-performance AI smart glasses for mass-market adoption [2].
Vuzix to Be Added to Russell 3000 and Russell 2000 Indexes
Prnewswire· 2025-05-27 12:30
Core Points - Vuzix Corporation is set to join the Russell 3000® Index effective June 27, 2025, following the annual reconstitution of the Russell indexes [1][2] - The inclusion in the Russell 3000® Index will also lead to automatic inclusion in either the large-cap Russell 1000® Index or the small-cap Russell 2000® Index [2] - Vuzix's President and CEO, Paul Travers, expressed that this addition will enhance awareness and ownership of Vuzix among institutional investors [3] - Approximately $10.6 trillion in assets are benchmarked against Russell's US indexes, indicating the significance of this inclusion for Vuzix [3] Company Overview - Vuzix is a leading designer and manufacturer of AI-powered smart glasses, waveguides, and augmented reality technologies for various markets including enterprise, medical, defense, and consumer [5] - The company holds over 425 patents and has received multiple awards for innovation, including recognition at the Consumer Electronics Show from 2005 to 2024 [5] - Founded in 1997, Vuzix is publicly traded on NASDAQ under the ticker VUZI and has offices in Rochester, NY, and Japan [5] Industry Context - FTSE Russell is a global leader in index provision, calculating thousands of indexes that cover 98% of the investable market globally [6][7] - Approximately $18.1 trillion is benchmarked to FTSE Russell indexes, highlighting their importance in investment management [7] - Russell indexes are widely utilized by investment managers and institutional investors for index funds and as benchmarks for active investment strategies [3][7]