Latest news with #PaulTravers
Yahoo
2 days ago
- Business
- Yahoo
TranscribeGlass Places Multiple Follow-on Orders for Vuzix Z100 Smart Glasses
– AI-driven speech to text wearable transcription enhances accessibility for the deaf or hard of hearing, delivering real-time closed captions in nearly any environment ROCHESTER, N.Y., June 30, 2025 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI) ("Vuzix" or the "Company"), a leading supplier of smart glasses, waveguides and augmented reality (AR) technology today announced that TranscribeGlass, a Connecticut-based company specializing in real-time speech-to-text transcription solutions, is continuing to place follow-on orders for Vuzix Z100 smart glasses to support increasing demand for its AI-powered real-time transcription service. TranscribeGlass is built to improve accessibility for individuals who are deaf or hard of hearing by using AI to deliver real-time speech-to-text transcription with latency under 300 milliseconds, ensuring rapid and reliable captioning. The device connects via Bluetooth to a user's existing smartphone or tablet and performs effectively in both quiet and noisy environments. Advanced speaker identification further enhances usability, making it easier to follow conversations in group settings. "These follow-on orders reflect the strong market response we've received since our solution launch," said Madhav Lavakare, Founder and CEO of TranscribeGlass. "TranscribeGlass empowers individuals with hearing impairments by delivering real-time closed captions directly into their field of view, fundamentally improving accessibility and communication. With growing demand for our solution, the Vuzix Z100 enables us to offer a seamless, all-day wearable experience that's accelerating adoption and expanding our impact." "Vuzix Z100 smart glasses offer a perfect foundation for TranscribeGlass's advanced AI transcription technology," said Paul Travers, President and CEO of Vuzix. "By working together, we aim to accelerate the use and development of smart eyewear, further solidifying Vuzix' position at the forefront of AI-driven wearable tech." About Vuzix Corporation Vuzix is a leading designer, manufacturer and marketer of AI driven Smart Glasses and Augmented Reality (AR) technologies, components and products for the enterprise, medical, defense and consumer markets. The Company's products include head-mounted smart personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality, as well OEM waveguide optical components and display engines. Vuzix holds more than 425 patents and patents pending and numerous IP licenses in the fields of optics, head-mounted displays, and the augmented reality wearables field. The Company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2024 and several wireless technology innovation awards among others. Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in: Rochester, NY; and Kyoto and Okayama, Japan. For more information, visit the Vuzix website, X and Facebook pages. Forward-Looking Statements Disclaimer Certain statements contained in this news release are "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Forward-looking statements contained in this release relate to Vuzix Smart Glasses, our business relationship. expectations of continuing further product orders, and other future business opportunities with TranscribeGlass and among other things the Company's leadership in the Smart Glasses and AR display industry. They are generally identified by words such as "believes," "may," "expects," "anticipates," "should" and similar expressions. Readers should not place undue reliance on such forward-looking statements, which are based upon the Company's beliefs and assumptions as of the date of this release. The Company's actual results could differ materially due to risk factors and other items described in more detail in the "Risk Factors" section of the Company's Annual Reports and MD&A filed with the United States Securities and Exchange Commission and applicable Canadian securities regulators (copies of which may be obtained at or Subsequent events and developments may cause these forward-looking statements to change. The Company specifically disclaims any obligation or intention to update or revise these forward-looking statements as a result of changed events or circumstances that occur after the date of this release, except as required by applicable law. Vuzix Media and Investor Relations Contact: Ed McGregor, Director of Investor Relations,Vuzix Corporationed_mcgregor@ Tel: (585) 359-5985 Vuzix Corporation, 25 Hendrix Road, West Henrietta, NY 14586 USA,Investor Information – IR@ View original content to download multimedia: SOURCE Vuzix Corporation
Yahoo
24-06-2025
- Business
- Yahoo
Sphere Brings Its AI-Powered Mixed Reality to Vuzix Smart Glasses
ROCHESTER, N.Y., June 24, 2025 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of AI-powered smart glasses, waveguides and Augmented Reality (AR) technologies, today announced that the Company and Sphere Technology Holdings ("Sphere"), a leading spatial intelligence company, have collaborated to make Sphere's platform available on Vuzix M400 and M4000 AR smart glasses. This collaboration brings Sphere's advanced combination of Mixed Reality (MR) and Artificial Intelligence (AI) to digitally connected frontline workers, enabling hands-free workflows, real-time decision-making, and immersive, context-rich experiences. Sphere Technology's mixed-reality (MR) platform is a cutting-edge spatial computing solution designed to merge the digital and physical worlds in real-time. By leveraging advanced capabilities such as spatial mapping, multi-user collaboration, real-world occlusion, voice and gesture recognition, and holographic rendering, Sphere delivers immersive experiences that are intuitive, scalable, and highly interactive. The platform supports both standalone and networked environments, enabling users to engage with virtual content overlaid in real-world settings — all without disrupting natural workflows. Sphere's platform is built for enterprise-scale deployment and supports integration with existing enterprise systems (e.g., PLM, ERP, CAD, and IoT platforms), making it particularly powerful for industry applications that require high levels of precision, collaboration, and context-aware computing. "With Sphere now accessible on Vuzix' rugged, lightweight, hands-free devices, businesses can leverage powerful tools such as Microsoft Teams integration, workflow automation, and content management," said Sven Brunner, Co-founder and CEO of Sphere. "By combining Sphere's AI-driven mixed reality technology with the durability and portability of Vuzix smart glasses, the two companies are addressing critical challenges in industries such as manufacturing, healthcare, automotive, and defense. This collaboration is designed to help businesses improve operational efficiency, reduce downtime, and enhance worker safety, even in the most demanding environments." "Vuzix M-Series smart glasses continue to strengthen their position as a leading solution across multiple enterprise verticals, and the integration of Sphere's platform further enhances their capabilities and value," said Paul Travers, President and CEO of Vuzix. "We look forward to expanding our relationship with them and bringing enterprise users new levels of functionality and productivity improvement." About Sphere Sphere is a leading provider of spatial intelligence solutions, leveraging Mixed Reality (MR) and Artificial Intelligence (AI) to transform how businesses operate. Sphere empowers frontline teams and beyond with faster, more effective ways to collaborate, train employees, and streamline operations, making organizations more efficient and cost-effective. Trusted by industry leaders, Sphere drives innovation and operational excellence across manufacturing, healthcare, automotive, and defense industries. Headquartered in San Jose, California, Sphere helps businesses maximize productivity, enhance performance, and stay ahead of the competition. For more information, visit the Sphere website. About Vuzix Corporation Vuzix is a leading designer, manufacturer and marketer of AI-powered Smart Glasses, Waveguides and Augmented Reality (AR) technologies, components and products for the enterprise, medical, defense and consumer markets. The Company's products include head-mounted smart personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality, as well OEM waveguide optical components and display engines. Vuzix holds more than 425 patents and patents pending and numerous IP licenses in the fields of optics, head-mounted displays, and the augmented reality wearables field. The Company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2024 and several wireless technology innovation awards among others. Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in: Rochester, NY; and Kyoto and Okayama, Japan. For more information, visit the Vuzix website, X and Facebook pages. Forward-Looking Statements Disclaimer Certain statements contained in this news release are "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Forward looking statements contained in this release relate to Vuzix Smart Glasses, our business relationship and future opportunities with Sphere and its customers, capabilities and features of the Sphere solution and among other things the Company's leadership in the Smart Glasses and AR display industry. They are generally identified by words such as "believes," "may," "expects," "anticipates," "should" and similar expressions. Readers should not place undue reliance on such forward-looking statements, which are based upon the Company's beliefs and assumptions as of the date of this release. The Company's actual results could differ materially due to risk factors and other items described in more detail in the "Risk Factors" section of the Company's Annual Reports and MD&A filed with the United States Securities and Exchange Commission and applicable Canadian securities regulators (copies of which may be obtained at or Subsequent events and developments may cause these forward-looking statements to change. The Company specifically disclaims any obligation or intention to update or revise these forward-looking statements as a result of changed events or circumstances that occur after the date of this release, except as required by applicable law. Vuzix Media and Investor Relations Contact: Ed McGregor, Director of Investor Relations,Vuzix Corporationed_mcgregor@ Tel: (585) 359-5985 Vuzix Corporation, 25 Hendrix Road, West Henrietta, NY 14586 USA,Investor Information – IR@ View original content to download multimedia: SOURCE Vuzix Corporation Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
19-06-2025
- Business
- Forbes
Veo's AI Video Memes, Vuzix Raises $5 Million, And More On AWE 2025
First there was the Talking Baby Podcast and its thousands of descendants on social media, all created using AI apps like Hedra and Hey Gen. Now Google's Veo 3 AI image generator, released at Google I/O three weeks ago, is hyperscaling meme vlogs that feature Star Wars Storm Troopers, Bigfoot, and Jesus. It's like group development of intellectual property. Who owns Bigfoot, or Jesus? Map of the Generative Video apps. Andreessen Horowitz a16z ventures released a new market map for text-to-video and image-to-video companies. With Paul Travers, founder and CEO of Vuzix, in 2018. He has been at this since 2008. Vuzix Secures $5M Investment as Veteran Smart Glasses Maker Sets Sights on Consumers. Vuzix secured a $5 million investment from Quanta Computer, a major Taiwanese ODM and Apple assembler. This marks the second tranche following a $10 million investment from Quanta in September 2024, with Vuzix aiming for a total of $20 million. CEO Paul Travers says the new funding will be used to enhance Vuzix's waveguide manufacturing, supporting the company's goal to deliver affordable, lightweight, high-performance AI smart glasses for mass-market adoption. The deal also strengthens Vuzix's partnership with Quanta and boosts its advanced waveguide production capabilities, positioning the company to better compete as the consumer smart glasses market heats up. Midjourney launches its first AI video generation model. The move into video generation is a significant expansion for the company, previously known for its popular image generator. With V1, users can upload a single image and prompt the AI to create short video clips that bring the image to life, adding motion, effects, and cinematic transitions. The service is available to Midjourney's paid subscribers. brain and chip World first: brain implant lets man speak with expression — and sing. A groundbreaking medical achievement has enabled a man who could not speak intelligibly to communicate with expressive speech and even sing, thanks to a brain implant. Electrodes were implanted in the motor cortex, the brain region responsible for speech, allowing researchers to decode his intended speech from neural activity. This technology not only restored his ability to speak with natural prosody and emotional nuance but also enabled him to sing, a world first. The 13th Augmented World Expo and Conference took place June 1 -3, 2022, in Santa Clara, CA AR/VR Market Rebounds with 18.1% Growth in Latest Quarter; Mixed and Extended Reality to Drive Long-Term Expansion, says IDC. The global AR/VR market surged by 18.1% in the latest quarter, signaling a robust rebound after a challenging period. This growth is fueled by new device launches, increased enterprise adoption, and more compelling consumer content. IDC highlights that mixed reality (MR) and extended reality (XR) devices are driving long-term expansion, as they offer more versatile applications across industries like healthcare, design, and education. The report predicts continued double-digit growth, with hardware improvements and AI-powered features accelerating adoption. As XR ecosystems mature, IDC expects broader mainstream acceptance, especially as price points decrease and content libraries expand. The market's momentum suggests immersive tech is becoming a core part of digital transformation strategies worldwide. Meow Wolf's parody grocery store anchors Area 15 in Las Vegas. Meow Wolf and Niantic Spatial explore expansion of multimedia art with AR. Known for its immersive art entertainment venues, Meow Wolf is partnering with Niantic Spatial to collaborate on location-based AR. By leveraging Niantic's location-based AR platform, Meow Wolf can extend its signature surreal storytelling beyond physical spaces. Presets can apply a 'vintage comic book style' to a video, change the lighting in a clip to a rainy ... More day, or swap out a subject's clothing to a space cadet suit. You can share edited videos directly to Facebook and Instagram. Meta AI gains video editing capabilities. This update allows creators to perform tasks like trimming, color correction, adding effects, and even generating new video content through conversational commands. Penrose founder and CEO, director Eugene Y.K. Chung Penrose Studio Calls It Quits. Eugene YK Chung, founder, CEO and director of the multi-award winning spatial 3D animation house announced the news himself in a social media post. 'After an unforgettable decade, we have decided - together with our board and shareholders - to close Penrose Studios. In the early days a handful of believers crowded my SoMa apartment, convinced that stories could surround us. Over time we pushed technical boundaries and crafted experiences that shaped that endured was commitment: teammates who burned midnight oil, investors who backed uncharted frontiers, partners who opened doors, and explorers who slipped on headsets to enter our worlds. My heartfelt thanks go out to all of you. Wired Magazine called Penrose's VR film "the first VR Film masterpiece!" In 2017, I wrote a Forbes column titled 'Meet the D.W. Griffith of VR', praising Chung's pioneering work in immersive storytelling. Penrose's 'Arden's Wake' won Best VR at the Venice Film Festival in 2018. Unfortunately, being the best isn't always enough. AR In VR: 15 Years Of Augmented World Expo With Ori Inbar Augmented World Expo (AWE) started in 2010 with 300 attendees and has grown into a major XR event with thousands of participants and hundreds of exhibitors. Ori Inbar, co-founder and CEO, explains that AR and VR were once separate but now share the stage because they serve complementary roles. Inbar notes that while mobile AR is widely used for things like social media and shopping, the best immersive experiences still happen in VR headsets. He believes we'll eventually see a single device that merges AR and VR capabilities. For now, each device has its strengths, and the field continues to advance with better hardware, wider fields of view, and more practical applications The Coolest VR Gear and Games I Saw at Augmented World Expo 2025 Last week, AWE in Long Beach showcased the latest in AR, VR, and MR technology. Highlights included the unveiling of Qualcomm's Snapdragon AR1+ Gen 1 chip, set to power next-generation smart glasses. The expo, running since 2010, provided a platform for attendees to experience cutting-edge devices, applications, and immersive content. From e-bikes to advanced headsets and productivity apps, the event emphasized the rapid evolution of XR technology and its growing impact on work, entertainment, and social interaction. A look into Google's Android XR strategy and its big gaming push At Augmented World Expo 2025, Google executives outlined their vision for Android XR as the unifying platform for XR smart glasses. Panels covered the Android XR roadmap, emphasizing support for headsets and smart glasses, and highlighted partnerships with Samsung, Qualcomm, and Unity. Google was in full developer romance mode, promising robust tools and monetization opportunities. Google is betting on cross-device compatibility and developer buy-in to drive the next wave of immersive experiences, positioning Android XR as a cornerstone for future spatial computing innovation. VR Bungee Jumping Simulation Tips You Over In Real Life At AWE, the Anywhere Bungee VR simulation offered attendees a uniquely intense experience. Using a Quest 3 headset and a see-saw, users were strapped in and suspended to simulate a bungee jump off a Tokyo skyscraper. In case you're wondering, while I was a witness, I was not a participant. This column is also a podcast hosted by its author, Charlie Fink, Ted Schilowitz, former studio executive and co-founder of Red Camera, and Rony Abovitz, founder of Magic Leap. This week our guest is Cnet reporter Scott Stein. We can be found on Spotify, iTunes, and YouTube. What We're Reading Tony Vitillo Interview Second Life Founder Philip Rosedale on the Metaverse (Skarred Ghost blog)
Malaysian Reserve
17-06-2025
- Business
- Malaysian Reserve
Vuzix Achieves Waveguide Production and Yield Targets and Receives $5 Million Second Tranche Investment from Quanta Computer
ROCHESTER, N.Y., June 16, 2025 /PRNewswire/ — Vuzix® Corporation (NASDAQ: VUZI), ('Vuzix' or the 'Company'), a leading supplier of AI-powered smart glasses, advanced waveguides, and augmented reality (AR) technologies, today announced the receipt of a $5 million second tranche investment from Quanta Computer (TWSE: 2382), a premier global ODM and strategic partner. This latest investment brings Quanta's total investment in Vuzix to $15 million out of an anticipated total of $20 million, as previously announced on September 3, 2024. 'The completion of this second tranche investment marks another important milestone in strengthening our partnership with Quanta and expanding the capabilities of our cutting-edge waveguide production facility,' said Paul Travers, President and CEO of Vuzix. 'With this funding, we are further enhancing our state-of-the-art waveguide manufacturing capabilities, positioning Vuzix to deliver the world's most affordable, lightweight, and performance-driven AI smart glasses for mass-market adoption. We are excited about the continued collaboration and innovation ahead with a partner as respected as Quanta.' The foregoing description of Quanta's investment is qualified in its entirety by reference to the Current Report on Form 8-K, filed with the Securities and Exchange Commission on June 16, 2025. About Vuzix Corporation Vuzix is a leading designer, manufacturer and marketer of AI-powered Smart Glasses, Waveguides and Augmented Reality (AR) technologies, components and products for the enterprise, medical, defense and consumer markets. The Company's products include head-mounted smart personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality, as well OEM waveguide optical components and display engines. Vuzix holds more than 425 patents and patents pending and numerous IP licenses in the fields of optics, head-mounted displays, and the augmented reality wearables field. The Company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2024 and several wireless technology innovation awards among others. Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in: Rochester, NY; and Kyoto and Okayama, Japan. For more information, visit the Vuzix website, X and Facebook pages. Forward-Looking Statements Disclaimer Certain statements contained in this news release are 'forward-looking statements' within the meaning of the Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Forward-looking statements contained in this release include, without limitation, statements that relate to potential impact of investments, the completion of the third investment tranche, Vuzix Smart Glasses, our business relationship and future business opportunities with Quanta Computer and their customers and the Company's leadership in the Smart Glasses and AR display industry. They are generally identified by words such as 'believes,' 'may,' 'expects,' 'anticipates,' 'should' and similar expressions. Readers should not place undue reliance on such forward-looking statements, which are based upon the Company's beliefs and assumptions as of the date of this release. The Company's actual results could differ materially due to risk factors and other items described in more detail in the 'Risk Factors' and MD&A sections of the Company's Annual Reports and other filings with the United States Securities and Exchange Commission and applicable Canadian securities regulators (copies of which may be obtained at or Subsequent events and developments may cause these forward-looking statements to change. The Company specifically disclaims any obligation or intention to update or revise these forward-looking statements as a result of changed events or circumstances that occur after the date of this release, except as required by applicable law. Vuzix Media and Investor Relations Contact: Ed McGregor, Director of Investor Relations,Vuzix Corporationed_mcgregor@ Tel: (585) 359-5985 Vuzix Corporation, 25 Hendrix Road, West Henrietta, NY 14586 USA,Investor Information – IR@
Yahoo
16-06-2025
- Business
- Yahoo
Vuzix Achieves Waveguide Production and Yield Targets and Receives $5 Million Second Tranche Investment from Quanta Computer
ROCHESTER, N.Y., June 16, 2025 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or the "Company"), a leading supplier of AI-powered smart glasses, advanced waveguides, and augmented reality (AR) technologies, today announced the receipt of a $5 million second tranche investment from Quanta Computer (TWSE: 2382), a premier global ODM and strategic partner. This latest investment brings Quanta's total investment in Vuzix to $15 million out of an anticipated total of $20 million, as previously announced on September 3, 2024. "The completion of this second tranche investment marks another important milestone in strengthening our partnership with Quanta and expanding the capabilities of our cutting-edge waveguide production facility," said Paul Travers, President and CEO of Vuzix. "With this funding, we are further enhancing our state-of-the-art waveguide manufacturing capabilities, positioning Vuzix to deliver the world's most affordable, lightweight, and performance-driven AI smart glasses for mass-market adoption. We are excited about the continued collaboration and innovation ahead with a partner as respected as Quanta." The foregoing description of Quanta's investment is qualified in its entirety by reference to the Current Report on Form 8-K, filed with the Securities and Exchange Commission on June 16, 2025. About Vuzix Corporation Vuzix is a leading designer, manufacturer and marketer of AI-powered Smart Glasses, Waveguides and Augmented Reality (AR) technologies, components and products for the enterprise, medical, defense and consumer markets. The Company's products include head-mounted smart personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality, as well OEM waveguide optical components and display engines. Vuzix holds more than 425 patents and patents pending and numerous IP licenses in the fields of optics, head-mounted displays, and the augmented reality wearables field. The Company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2024 and several wireless technology innovation awards among others. Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in: Rochester, NY; and Kyoto and Okayama, Japan. For more information, visit the Vuzix website, X and Facebook pages. Forward-Looking Statements Disclaimer Certain statements contained in this news release are "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Forward-looking statements contained in this release include, without limitation, statements that relate to potential impact of investments, the completion of the third investment tranche, Vuzix Smart Glasses, our business relationship and future business opportunities with Quanta Computer and their customers and the Company's leadership in the Smart Glasses and AR display industry. They are generally identified by words such as "believes," "may," "expects," "anticipates," "should" and similar expressions. Readers should not place undue reliance on such forward-looking statements, which are based upon the Company's beliefs and assumptions as of the date of this release. The Company's actual results could differ materially due to risk factors and other items described in more detail in the "Risk Factors" and MD&A sections of the Company's Annual Reports and other filings with the United States Securities and Exchange Commission and applicable Canadian securities regulators (copies of which may be obtained at or Subsequent events and developments may cause these forward-looking statements to change. The Company specifically disclaims any obligation or intention to update or revise these forward-looking statements as a result of changed events or circumstances that occur after the date of this release, except as required by applicable law. Vuzix Media and Investor Relations Contact: Ed McGregor, Director of Investor Relations,Vuzix Corporationed_mcgregor@ Tel: (585) 359-5985 Vuzix Corporation, 25 Hendrix Road, West Henrietta, NY 14586 USA,Investor Information – IR@ View original content to download multimedia: SOURCE Vuzix Corporation
