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Major Takeaways:

  • Vuzix is seeing “growing commitments” for orders of M100 Smart Glasses from enterprise customers
  • Also seeing rising interest from leading technology companies in partnering with Vuzix on enhancements for the M100
  • The company’s order book is growing as customers convert these pilots to commercial commitments – in North America, Europe, and Asia

From the Vuzix press release:

ROCHESTER, N.Y., Oct. 28, 2015 /PRNewswire/ — Vuzix® Corporation VUZI, -7.84% (“Vuzix” or, the “Company”), a leading supplier of video eyewear and smart glasses products in the consumer, enterprise and entertainment markets, is pleased to announce that the company is seeing growing commitments for orders of M100 Smart Glasses from enterprise customers, as well as rising interest from leading technology companies in partnering with Vuzix on enhancements for the M100. Various customers have completed pilot adoptions of the Vuzix M100 Smart Glasses product in their work environments. As a result, the Company’s order book is growing, as customers convert these pilots to commercial commitments, not just in North America, but in Europe, Asia, and all over the globe.

“We are excited to see the momentum for Smart Glasses begin to build. We believe this trend will continue to grow and expect 2016 to be a much improved year for Vuzix as we see the benefits from our hard work laying the groundwork for successful smart glasses implementations.” said Paul Travers, President and Chief Executive Officer of Vuzix.

Some examples of this recent growth include XOEye Technologies of Nashville TN, who deliver custom applications via their proprietary cloud-based Vision platform to facilitate remote support, training, workflow enhancement, and more. As part of production deployments to their North American customers, XOEye has recently accelerated orders to Vuzix for hundreds of M100 Smart Glasses. XOEye is expecting growing demand this year and into the first quarter of 2016.

In another example, after extensive piloting, Bechtle is beginning to rollout vision picking into live production using Vuzix M100 Smart Glasses in their Neckarsulm, Germany distribution center. Bechtle, one of Europe’s largest e-commerce IT providers, is known for leveraging the latest technology to deliver over 56,000 IT products to their clients, with the industry’s highest service levels. Using the Vuzix M100 for vision picking drives labor savings and, more importantly, significant increases in accuracy. It is the first of many potential use cases for M100 Smart Glasses to go live within the Bechtle warehouse workflow systems.

Further information will be released at the Company’s upcoming financial review conference call to be held in the first half of November.