Vuzix Corporation (NASDAQ:VUZI) said it has received and begun delivering a follow-on smart glasses order valued at over $350,000 for a large US multinational retailer to support their warehousing and logistics needs.
Sizable further follow-on orders are anticipated as rollouts successfully continue, according to the customer, which represents the company's latest of four Fortune 100 retailers that are using Vuzix smart glasses.
"Vuzix and LogistiVIEW have spent years of time and resources honing this technology and software solution and we are now seeing a growing market adoption that is allowing companies to operate with greater productivity. LogistiVIEW's Vision+ solution running on the M400 delivers the efficiencies these companies need in today's challenging environments, and we expect warehousing and logistics to remain one of our most exciting market verticals," said Paul Travers, president and chief executive officer at Vuzix in a statement.
READ: Vuzix says it and TeamViewer support the broadening use of smart glasses at Ricoh
The company noted that global supply uncertainties, disruptions, and inflationary forces are forcing companies of all sizes to better manage supply chains. Attaining new productivity levels for inventory management and order fulfillment is a distinct competitive advantage. Smart glasses are becoming a cost-effective tool to facilitate these objectives and an increasing number of the world's largest firms are moving to deploying them.
"LogistiVIEW Vision+ picking software running on the M400 delivers all day support for the user and significant ROIs while practically eliminating picking errors. The combined solution is one of the best, if not the best, augmented reality vision picking solution on the market," said Seth Patin, CEO & founder, LogistiVIEW Inc.
LogistiVIEW's cloud-based software automation platform orchestrates frontline work execution and leverages the power of modern industrial mobile computers to connect people with augmented reality, artificial intelligence, existing information systems, connected sensors, and collaborative robots.
Vuzix is a leading supplier of Smart Glasses and Augmented Reality (AR) technologies and products for the consumer and enterprise markets. The company's products include personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality.
Vuzix holds 246 patents and patents pending and numerous IP licenses in the Video Eyewear field. The company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2022 and several wireless technology innovation awards among others. Founded in 1997, Vuzix has offices in Rochester, NY, Oxford, UK, and Tokyo, Japan.
Contact the author at jon.hopkins@proactiveinvestors.com