In this episode of CEOLIVE.TV we are joined again by Vuzix, a leader in the Augmented and Virtual Reality market which trades on the NASDAQ under ticker VUZI.
To recap, in early 2015 Vuzix receive a $25 million investment from Intel Corp.
They have shipped their Smartglasses to roughly 40% of Fortune 100 companies and DHL published a white-paper on augmented reality which highlighted the M100 and how it helped them achieve a 25% increase in efficiency.
Since we last spoke with Vuzix CEO Paul Travers they have announced a solid amount of VIP Relationships for the M300 and Rodman & Renshaw just published a report stating that they expect the company’s revenue to increase from an estimated $6.6M in 2016, to over $240M in 2023.
Vuxix CEO, Paul Travers tells us a little bit more about the significance of some of these developments, such as the 4 new partners that just joined their VIP Program for the M300 Smartglasses.
To learn more about Vuzix, visit their website at www.vuzix.com.
This CEOLIVE.TV video interview contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include failure to meet schedule or performance requirements of the Company’s contracts, the Company’s ability to raise sufficient development and working capital, the Company’s liquidity position, the Company’s ability to obtain new contracts, the emergence of competitors with greater financial resources, and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur as planned or at all.