Vuzix Receives Follow-on Volume Order for Smart Glasses to Further Support Logistics Operations at a Fortune 100 Retailer
LogistiVIEW’s Vision+ selecting Allows M400 for Superior Warehouse Operations
ROCHESTER, N.Y., July 5, 2022 /PRNewswire/ — Vuzix® Corporation (NASDAQ: VUZI), (“Vuzix” or, the “Business”), a foremost supplier of Wise Eyeglasses and Augmented Actuality (AR) technologies and products and solutions, with their ISV (Unbiased Software program Vendor) LogistiVIEW Inc, currently introduced that they have obtained and started offering a comply with-on clever glasses get valued at around $350,000 for a large US multinational retailer to assistance their warehousing and logistics wants. Sizable further adhere to-on orders are predicted as rollouts correctly keep on, in accordance to the customer. This client signifies the Firm’s latest of 4 Fortune 100 stores that are working with Vuzix good glasses.
Worldwide provide uncertainties, disruptions, and inflationary forces are forcing firms of all dimensions to superior take care of their supply chains. Attaining new productivity ranges for inventory administration and order achievement is a distinct aggressive edge. Smart eyeglasses are getting a price tag-powerful device to aid these aims and an increasing amount of the world’s biggest firms are transferring to deploying them.
“Vuzix and LogistiVIEW have used a long time of time and assets honing this engineering and software package solution and we are now seeing a growing industry adoption that is making it possible for corporations to function with bigger efficiency. LogistiVIEW’s Eyesight+ resolution jogging on the M400 delivers the efficiencies these organizations require in present-day challenging environments, and we anticipate warehousing and logistics to continue to be 1 of our most enjoyable market place verticals,” reported Paul Travers, President and Chief Govt Officer at Vuzix.
“LogistiVIEW Eyesight+ choosing software package operating on the M400 provides all day guidance for the person and major ROIs when basically reducing finding faults. The mixed remedy is a single of the best, if not the very best, augmented truth eyesight selecting remedy on the industry,” reported Seth Patin, CEO & Founder, LogistiVIEW Inc.
LogistiVIEW believes in the untapped electricity of the connected workforceand generates technologies that increases operational efficiency and career fulfillment for workers in producing, logistics, and retail. Our cloud-based software package automation platform orchestrates frontline operate execution and leverages the electricity of fashionable industrial cellular pcs to join individuals with augmented reality, synthetic intelligence, existing info programs, related sensors, and collaborative robots. For a lot more facts, remember to take a look at logistiview.com.
About Vuzix Corporation
Vuzix is a primary provider of Wise Eyeglasses and Augmented Actuality (AR) systems and solutions for the buyer and company marketplaces. The Company’s items consist of particular screen and wearable computing gadgets that supply buyers a portable higher-quality viewing encounter, give methods for mobility, wearable shows and augmented fact. Vuzix retains 246 patents and patents pending and several IP licenses in the Movie Eyewear subject. The Company has won Purchaser Electronics Display (or CES) awards for innovation for the years 2005 to 2022 and several wi-fi technologies innovation awards amongst other people. Launched in 1997, Vuzix is a community business (NASDAQ: VUZI) with workplaces in Rochester, NY, Oxford, United kingdom, and Tokyo, Japan. For extra info, pay a visit to the Vuzix web-site, Twitter and Fb pages.
Forward-Seeking Statements Disclaimer
Sure statements contained in this information release are “forward-wanting statements” inside of the which means of the Securities Litigation Reform Act of 1995 and relevant Canadian securities rules. Forward looking statements contained in this release relate to Vuzix Wise Eyeglasses, our organization marriage with our Fortune 100 consumer, possible for long term orders and broader deployments, and amongst other items the Firm’s management in the Good Eyeglasses and AR exhibit industry. They are usually determined by text these kinds of as “thinks,” “may possibly,” “expects,” “anticipates,” “really should” and related expressions. Audience must not place undue reliance on these forward-seeking statements, which are based upon the Firm’s beliefs and assumptions as of the date of this launch. The Firm’s true benefits could vary materially because of to danger variables and other products explained in extra element in the “Chance Aspects” portion of the Company’s Annual Stories and MD&A submitted with the United States Securities and Trade Fee and applicable Canadian securities regulators (copies of which may perhaps be attained at www.sedar.com or www.sec.gov). Subsequent situations and developments may well result in these ahead-wanting statements to change. The Organization specially disclaims any obligation or intention to update or revise these forward-hunting statements as a outcome of transformed occasions or conditions that occur just after the date of this release, except as essential by applicable law.
Vuzix Media and Investor Relations Make contact with:
Ed McGregor, Director of Investor Relations,
Tel: (585) 359-5985
Vuzix Company, 25 Hendrix Highway, West Henrietta, NY 14586 United states,
Investor Information – [email protected] www.vuzix.com
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