This is good news for Vuzix for both brand recognition and sales, as its M100 and next generation M300 Smart Glasses are integral to the expansion program. Equipped with Ubimax's vision picking X-Pick software, Vuzix's M100 Smart Glasses delivered strong productivity results. The new M300 series features advanced technologies, leading Vuzix President and CEO Paul Travers to state today that he expects to see "even stronger ROIs and translate into productive implementation" for users of the technology.
Late in July, Ubimax received the first European shipment of the M300 Smart Glasses, providing Ubimax customers like DHL and Daimler an opportunity to preview the advanced features of the wearable devices. Ubimax is one of a select group of companies chosen as a Vuzix Industrial Partner (VIP), an invitation only group of Vuzix' most successful M100 software application developers.
Vuzix is emerging as a market leader in the rapidly growing fields of AR and VR (virtual reality). Pokémon Go has exemplified the explosive nature of AR, but games are only one component of the potential for an AR/VR market that Goldman Sachs estimates will reach at least $80 billion by 2025. Early investors are embracing the industry, as shown by $3.5 billion in investments by venture capital firms in the past two years.
Realistically, it is impossible to prognosticate just how large the nascent AR/VR market could become because of the countless potential applications. Signs are pointing to AR being a game changer in the logistics and transportation industry, an industry that accounted for $1.45 trillion in spending in 2014 in the U.S. alone (8.3% of annual GDP), according to the Commerce Department.
To learn more about Vuzix, its position in the space or to read the Vuzix press release on the DHL Supply Chain, interested parties are encouraged to visit: https://www.vuzix.com/News.
Investor and Media Relations Contact:
Andrew Haag Managing Partner IRTH Communications
Financial Press Media Group, Inc. is a leading publisher of market news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets, specific industries and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts interested in all segments, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications and market exposure.
Legal Disclaimer: Financial Press Media Group, Inc. is not registered with any financial or securities regulatory authority and does not provide, nor claims to provide, investment advice or recommendations to readers of this release to buy, sell or hold any securities. Investing intrinsically involves substantial risk and readers are reminded to consult an investment professional and complete their own due diligence, including SEC filings, when researching any companies mentioned in this release. This release is based upon publicly available information and, while vetted, is not considered to be all-inclusive or guaranteed to be free from errors. With respect to Section 17(B) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention to the fact that Financial Press Media Group, Inc. has received compensation from the companies mentioned in this release.