In this Investor Update from CEOLIVE.TV we take a look at Vuzix Corp. (VUZI).
VUZIX is a leading innovator and supplier of video eyewear and smart glasses for the consumer, enterprise and entertainment markets operating in the Virtual Reality and Augmented Reality Space.
In January 2015 the company received a $24.8 million equity investment from Intel Corporation .
Their flagship smart glasses are already in use at over 40 Fortune 100 companies making it one of the best products available in today’s market.
VUZIX is heading into the Consumer Electronics Show this week with a solid balance sheet and great product lineup according to a report just released by Chardan Capital Markets.
In this report Chardan analysts state that Volume production of the M300 as well as the sale of the iWear consumer product should drive revenue growth in 2017. This year the company will also introduce the M3000, and Blade (which was recently mentioned in Wired magazine) and sales of waveguide products to OEMs should begin.
Based on the explosive growth in the AR and VR wearables market and the fact that the company’s superior AR headsets are already being widely used by some of the world’s leading manufacturing companies, we believe VUZIX is definitely worth keeping on your radar.
This has been an Investor Update featuring Vuzix Corp., a leading supplier of video eyewear and smart glasses products in the consumer, enterprise and entertainment markets.
Vuzix trades under ticker VUZI and you can find out more about them by visiting 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.
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