Virtual reality and augmented reality wearable devices: Vuzix Corporation (VUZI)

Vuzix Corporation (NASDAQ: VUZI) was founded in 1997, formerly known as Icuiti Corporation, and changed to its current name in 2007. It is headquartered in West Henrietta, New York, USA. It has 90 full-time employees. It designs, manufactures, markets, and Sells wearable display devices and is a leading developer of smart and augmented reality glasses.

Vuzix Corporation Logo

Vuzix Corporation (VUZI):

Vuzix was founded by Paul Travers in 1997 and is a leading supplier of wearable display technology, virtual reality (VR) and augmented reality (AR). The company’s products include personal displays and wearable computing devices, providing users with a portable high-quality viewing experience, and providing solutions for mobility, wearable displays, and virtual reality and augmented reality. Vuzix has 66 patents and 43 pending patents and numerous IP licenses in the field of near-eye display.

Vuzix has won the Consumer Electronics Show (CES) Award from 2005 to 2018 and a number of wireless technology innovation awards. Vuzix has offices in Rochester, New York, Oxford, UK and Tokyo, Japan.

Vuzix manufactures and sells computer display equipment and software. Vuzix personal display devices are used for mobile and immersive augmented reality applications, such as 3D games, manufacturing training and military tactical equipment. On January 5, 2015, Intel purchased 30% of Vuzix’s stock for US$24.8 million.

Vuzix products:

  • Wearable display products include augmented reality (AR) smart glasses suitable for various enterprise and commercial users and applications; and video viewing glasses for mobile users as mobile displays for entertainment and games.
  • The company’s products also include binocular wearable displays, which contain two micro-displays mounted on the frame and connected to glasses-style temples or stereo headsets; monocular smart glasses products, suitable for corporate, industrial and commercial markets, and video headsets ; AR wearable products provide users with actual, direct or indirect views of the physical real environment.
  • The product is worn as glasses, enabling users to watch video and digital content such as movies, computer data, the Internet or video games.
  • In addition, the company also provides an application store on its website, where users can download and purchase applications, including third-party applications; VUZIX Basics, an application that provides users with the basic advantages of smart glasses; and VUZIX Basics Video Provide remote telepresence function.
  • Furthermore, the company also provides waveguide optics and design reference kits, as well as custom and engineering solutions.

Vuzix Corporation designs, manufactures, markets and sells wearable display devices in the United States and internationally.

Stock price changes:

On June 10, 2019, Vuzix® Corporation, a leading supplier of smart glasses and augmented reality (AR) technologies and products, and Dubai (UAE) software developer and solution provider NNTC jointly announced iFalcon Face Control™ Mobile, this is the world The first fully automatic AI-based face recognition system integrated with Vuzix smart glasses, the company’s stock price soared by more than 50%.

Vuzix Corporation (VUZI) History:

  • In 1997, Paul Travers acquired the assets of virtual reality company Forte Technologies and founded Vuzix in Rochester, New York, which was then called Interactive Imaging Systems.
  • In 1997, the company was hired as a subcontractor of Raytheon to design display electronics for digital night vision weapon sights.
  • In 2000, VFX1 Headgear appeared in a series of commemorative US Postal stamps celebrating the 1990s. VFX1 was replaced by the higher resolution system VFX3D in mid-2000.
  • In 2001, Vuzix launched its first consumer electronic product iCOM personal Internet browser.
  • In 2005, Vuzix provided a customized high-resolution handheld display system that created 3D images for the Hitachi Pavilion at the 2005 World Expo in Aichi, Japan. The Hitachi Pavilion allows users to interact with computer-generated models and three-dimensional models of endangered species during mixed reality cycling.
  • In 2005, the company changed its name to Icuiti. Later in the same year, Icuiti launched the first product V920 Video Eyewear designed specifically for consumers.
  • Also in 2005, Icuiti won the first military R&D contract to develop a high-resolution monocular display device for viewing tactical maps and videos. This development directly led to the Tac-Eye product line starting production in 2009 and is currently used in many major military programs, including battlefield air combat kits.
  • The 2007 rebrand changed the company name from Icuiti to Vuzix.
  • In 2010, Vuzix launched the first production model of see-through augmented reality glasses STAR 1200. It was released in August 2011 at a price of $4,999.
  • Vuzix signed a contract with DARPA to design and manufacture next-generation head-up displays for military ground personnel. The DARPA PCAS program is a large-scale research and development program whose goal is to enable joint tactical air controllers to quickly participate in multiple, moving and synchronized targets in their area of ​​responsibility.
  • In January 2013, at the official CES press conference, Vuzix showed its new M100 smart glasses model. Recognized as one of the top five products expected by CNBC CES and won the CES Innovation Award, the Vuzix smart glasses M100, launched in the second half of 2013, enables wearers to access data and content from iOS or Android smartphones and the cloud.
  • In January 2015, Intel invested 25 million US dollars in the company and obtained 30% ownership of the company.
  • In August 2017, Vuzix and BlackBerry became partners in providing smart glasses to enterprises.
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