In this episode of CEOLIVE.TV we are joined again by Vuzix (NASDAQ: VUZI), a leader in the Augmented Reality and Virtual Reality market. To recap, in early 2015 Vuzix receive a $25 million investment from Intel Corp. and since then they have shipped their 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. and just last week announced a worldwide expansion of this program involving the Vuzix Smartglasses.
Since we last spoke with Vuzix CEO Paul Travers they have announced a solid amount of VIP Relationships for the M300 plus this recent development last week with DHL.
Vuxix CEO, Paul Travers is here with us to tell us a little bit more about the significance of some of these developments, such as the one involving DHL and their recent announcement regarding expansion of augmented reality solutions worldwide after a successful pilot program using Vuzix smart glasses.
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.