In this episode of CEOLIVE.TV we are joined again by Paul Travers, CEO of Vuzix, a leader in the Augmented Reality and Virtual Reality market.
To recap, in early 2015 Vuzix receive a $25 million investment from Intel Corp. They launched their market leading smart-glasses, the M100, a few years ago. These smart-glasses proved to be superior to google glass and many other competitors on several fronts.
Vuzix has shipped Smartglasses to roughly 40% of the Fortune 100 companies. DHL, who used Vuzix’ products, published a white-paper on augmented reality which highlighted the M100 and how DHL achieved a 25% increase in efficiencies using smartglasses and Augmented Reality warehouse applications.
Since we last spoke with Vuzix CEO Paul Travers they have begun shipping the M300 – their Next Generation Smart-glasses – to VIP Relationships.
The latest product in the AR industry has been anticipated since Vuzix started taking pre-orders for the M300 Smart Glasses in February. In preparation for the launch, Vuzix in March released an app development kit for the M300 glasses, allowing programmers to create unique applications that can be run on the M300 platform to meet a user’s specific needs.
Vuzix also makes the iWear – VR computable video headphones – and recently launched an alliance with the International Drone Racing Association – which will be hosting an ESPN televised event later on this summer.
Researchers at Gartner estimate that 40 million VR headsets will be sold worldwide by 2020.
VUZIX is currently partnered with top wearable computing solutions companies that will enable them to develop software for multiple enterprise applications.
To find out more about them please visit www.vuzix.com.
Forward Looking Statements
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.