Vuzix Explained

Vuzix Corporation
Type:	Public
Traded As:	NASDAQ: Russell 2000 Component
Founder:	Paul Travers
Location City:	Rochester, New York
Location Country:	United States
Products:	M100 Smart Glasses, M300 Smart Glasses, M400 Smart Glasses, Blade Smart Glasses, iWear Video Headphones
Num Employees:	90^[1]
Owner:	Intel (10%) State Street KOMP ETF (12%)

Vuzix is an American multinational technology company headquartered in Rochester, New York and founded by Paul Travers in 1997. Vuzix is a supplier of wearable virtual reality and augmented reality display technology. Vuzix manufactures and sells computer display devices and software.^[2] Vuzix head-mounted displays are marketed towards mobile and immersive augmented reality^[3] applications, such as 3D gaming,^[4] manufacturing training,^[5] and military tactical equipment.^[6] On January 5, 2015, Intel acquired 30% of Vuzix's stock for $24.8 million.^[7]

The company has offices in New York, Japan, and the UK and is the current market leader for video eyewear. Forte was a pioneer during the mid-1990s developing immersive head mounted displays^[8] for virtual reality and video gaming applications.

Vuzix's displays are based on optical waveguides.^[9]

History

Paul Travers founded Vuzix in 1997 in Rochester, NY, under the name Interactive Imaging Systems, purchasing the assets of the virtual reality company Forte Technologies. The company started with products for the military and U.S. Defense, but then developed consumer virtual reality systems. In 1997, the company was hired as a subcontractor to Raytheon, designing display electronics for a digital night vision weapon sight.

In 2000, the VFX1 Headgear was featured in a commemorative US Postal Service stamp collection celebrating the 1990s.^[10] The VFX1 was replaced by a higher resolution system dubbed the VFX3D in mid 2000.^[11]

In 2001, Vuzix launched its first consumer electronics product, the iCOM personal internet browser.^[12]

In 2005, Vuzix provided a custom high resolution handheld display system that created the 3D imagery for Hitachi's pavilion at the 2005 World's Fair in Aichi, Japan. The Hitachi Pavilion allowed users to interact with computer generated models and dioramas of endangered species in a Mixed Reality ride.^[13]

In 2005, the company changed its name to Icuiti. Later that year, Icuiti launched its first product designed specifically for consumers, the V920 Video Eyewear.^[14]

Also in 2005, Icuiti was awarded its first military R&D contract to develop a high resolution monocular display device for viewing tactical maps and video. This development would lead to the Tac-Eye product line, which began rate production in 2009 and is currently used in many major military programs including the Battlefield Air Operations kit.^[15]

A re-branding in 2007 changed the company's name from Icuiti to Vuzix.^[16]

In 2010, Vuzix introduced the first production model see-through augmented reality glasses the STAR 1200.^[17] It was released in August 2011 for $4999.^[18]

Vuzix is currently under contract with DARPA to design and build a next generation heads up display for military ground personnel.^[19] The DARPA PCAS program is large R&D program with the goal of allowing the joint tactical air controller the ability to rapidly engage multiple, moving and simultaneous targets within his area of responsibility.^[20]

In January 2013, at CES, Vuzix Corporation demonstrated working models of its new M100 Smart Glasses, the official press event of CES. Rated as one of the five top gadgets expected at CES by CNBC^[21] and given the CES Innovations award,^[22] the Vuzix Smart Glasses M100, expected to ship in second half of 2013, will enable wearers to access data and content from an iOS or Android smart phone from the cloud and ‘hands free’. The m100 was officially released in December 2013 for $1000: double the original announced price.^[23]

In January 2015, Intel invested $25 million in the company, gaining 30% ownership of the company.^[24]

In August 2017, Vuzix and BlackBerry became partners to deliver smart glasses for the enterprise.^{[25] [26]}

Innovations

Video Eyeware

• Vuzix created the first video eyewear to support stereoscopic 3D for the PlayStation 3 and Xbox 360.^[27]

Augmented Reality Eyeware

• Vuzix created the first commercially produced pass-through augmented reality headset, the Wrap 920AR. The Wrap 920AR has two VGA video displays and two cameras that work together to provide the user a view of the world which blends real world inputs and computer generated data.^[28]
• During the Consumer Electronic Show in 2011, Vuzix announced the Raptyr. The Raptyr is a see-through augmented reality display prototype that will be the first consumer product of its kind when it reaches the market in 2011.^[29]
• The STAR 1200 is the first see-through augmented reality display to be mass-produced and was scheduled to be released in August 2011.^[30]
• The Vuzix Smart Glasses M100 are scheduled for commercial release in late 2013.^[31] Vuzix describes the M100 as the world's first, commercially available, hands free display and cloud connected communications system. The Vuzix M100 contains a virtual display with integrated camera and powerful processing engine, running the Android OS . Users will be able to connect wirelessly to their smartphone (Android-based) or other compatible devices. The M100 is also powerful enough to connect directly to the Internet, run applications and games itself. When connected to a smartphone, users will be able to engage with existing and future applications such as texts, video, email, mapping, and audio. As a hands free accessory with integrated camera/display functionality, Vuzi smart glasses will let users answer the phone with a visual address book and enable applications from text messaging and email to visual navigation (via an integrated GPS and head tracker) along with more advanced features like video recording. The interactive head tracking and integrated HD camera, combined with applications on the M100 and a smartphone linked to the Cloud, empower smartphone based augmented reality applications.^{[32] [33]}

See also

• MyVu

Notes and References

1. Web site: Corporate Presentation Jan 2021 .
2. Web site: About Vuzix Corporation . 2011-01-24 . https://web.archive.org/web/20130217095557/http://www.vuzix.com/corporate/index.html . 2013-02-17 . dead .
3. Web site: Augmented Reality edges closer to the mainstream - CNET News.
4. Web site: The Best New Technology - Oprah.com.
5. Web site: Vuzix and NS Solutions Corporation Partner to Deliver Augmented Reality Solutions for Manufacturing.
6. Web site: U.S. Navy buys into smart glasses trend in deal with Vuzix. VentureBeat. 27 February 2014. 2017-01-30.
7. Web site: Intel acquires 30% stake in Vuzix, a maker of smart eyewear KitGuru. www.kitguru.net. en-US. 2017-01-30.
8. Web site: FORTE VFX-1 HEADGEAR Virtual-Reality system.. Museum of Interesting Tech.
9. Web site: Vuzix to provide additional units for waveguide-based HMD system. 12 August 2022 .
10. Web site: Celebrate the Century - 1990s - No. 10 of 10 - U.S. Postal Service - 2000. Amazon .
11. Web site: Unofficial VFX3D page. Stereo3D.com.
12. News: Hendricks. Veronica. iCOM Personal Internet Browser. 2011-06-29. iApplianceWeb.com.
13. Web site: Nature Contact - Hitachi Group Pavilion's Ubiquitous Entertainment Ride. Expor2005.or.jp.
14. Web site: VR Interfaces: Icuiti V920. virtualworldlets.net.
15. News: NDIA Brief. 2011-06-29.
16. Web site: Icuiti Changes Name to Vuzix Corporation -- re> ROCHESTER, N.Y., Sept. 4 /PRNewswire/ --. dead. https://web.archive.org/web/20150402094900/http://www.prnewswire.com/news-releases/icuiti-changes-name-to-vuzix-corporation-57757517.html. 2015-04-02.
17. Web site: Vuzix Star 1200 headset augments your reality, not your bank account. Engadget.com. 11 June 2011 . AOL Tech..
18. Web site: 0Vuzix Star 1200: Price and Release Date for Augmented-Reality Glasses.
19. News: Darpa's Holograms Rain Hell. 29 June 2011. Wired.com - Danger Room. Noah. Shachtman. 2011-04-11.
20. Web site: Persistent Close Air Support. Defense Advanced Research Projects Agency. 29 June 2011. https://web.archive.org/web/20110821023328/http://www.darpa.mil/Our_Work/TTO/Programs/PCAS/Persistent_Close_Air_Support.aspx. 21 August 2011. dead. dmy-all.
21. Web site: Five Hot Gadgets Expected at CES 2013. January 2013. .
22. Web site: CES Innovation Awards. January 2013. 2013-01-20. https://web.archive.org/web/20130403142452/http://cesweb.org/Awards/CES-Innovations-Awards/2013.aspx. 2013-04-03. dead.
23. Web site: Vuzix's Android-powered M100 Smart Glasses now available to pre-order for $1,000. 3 December 2013 .
24. Web site: Intel Vuzix Investment. 3 January 2015 .
25. News: Vuzix teams up with BlackBerry to deliver M300 Smart Glasses to Enterprise customers - Grouvy Today. 2017-08-10. Grouvy Today. 2017-11-23. en-US.
26. News: Blackberry teams up with Vuzix to deliver smart glasses for the enterprise. TechSource International - Leaders in Technology News. 2017-11-23. en-us.
27. News: Take Control in New Ways - Forbes.com . https://web.archive.org/web/20081206182552/http://video.forbes.com/fvn/tech/km_techtake022508 . dead . December 6, 2008 . Kym . McNicholas.
28. Web site: The Big Idea - Augmented Reality - National Geographic Magazine. https://web.archive.org/web/20100829074037/http://ngm.nationalgeographic.com/big-idea/14/augmented-reality-pg2 . dead . August 29, 2010 .
29. Web site: CES:Clear Glasses to Augment Your Reality - MIT Technology Review.
30. Web site: Vuzix Star 1200 headset augments your reality, not your bank account . Engadget.com . 2011-06-11.
31. Web site: Future goggles: Eyes-on with Vuzix M100 Smart Glasses .
32. Web site: Vuzix Unveils its M100 Smart Glasses at International Consumer Electronics Show. January 2013. 2013-01-25. https://web.archive.org/web/20130124004711/http://www.vuzix.com/site/_news/2013/vuzix-unveils-M100-smart-glasses-at-CES.pdf. 2013-01-24. dead.
33. Web site: Our Wearable of the Week: Vuzix M100. July 2015.