Vuzix Corp. (VUZI) Releases New Waveguide AR Tech Video
- Noble Energy (NBL) to Acquire Clayton Williams Energy (CWEI) for $2.7B in Cash and Stock
- Nasdaq hits record; bank earnings validate Wall St. rally
- Intrawest Resorts (SNOW) Exploring a Possible Sale - Reuters
- Alibaba (BABA) Has No Plans to Acquire Rest of Groupon (GRPN) - Source
- Time (TIME) Said to Soon Begin Discussions with Interested Buyers - Bloomberg
Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.
Vuzix Corporation (Nasdaq: VUZI) announced that the Company has released a short video demonstrating its new waveguide augmented reality (AR) technology at the following link:
This clip shows actual footage of images looking into our latest proprietary waveguide see-through optics to be used in upcoming Vuzix products. Interest in AR for both commercial and consumer uses is beginning to build. Bloomberg and other trade publications are reporting that many technology giants, such as Apple are "in an exploration phase" of considering how to perhaps prepare to support or enter the AR smart glasses market. Importantly, Vuzix has been a pioneer and leader in both the smart glasses and AR spaces and has built and sold these products for over a decade.
Acceptance of AR in enterprise is already leading to significant cost efficiencies and production advances in the workplace, with many large global companies using and testing AR on Vuzix Smart Glasses in industrial settings providing hands free access to digital information directly connected to the real world.
According to market research firm Markets and Markets, by 2020, the smart glasses market is projected to reach $5.8 billion.
Vuzix recently received four International CES Innovation 2017 awards, for its upcoming Blade 3000 Smart Sunglasses. A video overview video of the Blade 3000 is available at https://youtu.be/jgMw9tR8xmQ.
Vuzix' award winning Blade 3000 and its other existing and new products will be displayed at CES 2017 in the Las Vegas Convention Center, Central Hall Booth # 13246, from January 5-8, 2017. Further information on the product, its pricing, and ultimate availability will be unveiled at CES in January 2017.
"We strive to be at the forefront of the adoption of this unique technology and are proud of our latest waveguides and Cobra II projection engines used in this video," said Paul Travers, President and Chief Executive Officer at Vuzix. "As great as this video looks, the cellphone's camera that shot this does not do justice to the vibrant imagery the viewer sees when looking directly into the waveguides. We envision many uses for AR both for enterprise, as well as for gamers and consumers generally. We at Vuzix have long believed that AR is the future and that it will have a tremendous impact on corporations and consumers."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Norwood Financial Corp (NWFL) Names William Davis, Jr. as Chairman of the Board
- Vail Resorts (MTN) Reports Season-to-Date Ski Season Metrics
- VisionChina (VISN) Names BDO China as Independent Auditors
Create E-mail Alert Related CategoriesCorporate News, Management Comments, Momentum Movers
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!