Vuzix Says It Completed FCC Emissions Requirements for Smart Glasses
Vuzix said it completed, passed and filed with the FCC all emissions requirements for its next-generation Vuzix Blade smart glasses and completed the European Union CE emissions certification process. Volume manufacturing has begun at the company's West Henrietta, New York,…
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facility, and Vuzix CEO Paul Travers expects "broad shipping" to begin in the U.S., Canada and Europe. In a shareholder letter, Travers outlined factors expected to boost 2018 revenue: more than 750 M300 smart glasses pilots and new ones launching; existing customers placing follow-on orders to pilots; "dozens" of customers and partners surpassing 2017 order totals: and an expanding sales footprint based on regulatory agency certifications in new regions, including Eastern Europe, South America and Asia. The company expects new revenue streams from the Toshiba AR100 and Vuzix Blade, plus more OEM engagements and provision of engineering services, said the executive. Vuzix virtual imaging products integrate microdisplay technology with advanced optics to produce high-resolution display engines measuring less than half an inch diagonally. When viewed through smart glasses, the products create virtual images that "appear comparable in size to that of a computer monitor or a large-screen television," it said. The smart glasses are designed to be used as a stand-alone product or as a smartphone peripheral and can be used as a "wearable substitute" for TVs, desktop PC monitors or tablets, it said. For the quarter ended March 31, Vuzix had product sales of $1.4 million vs. $959,383 in the year-ago quarter and engineering sales of $180,516 vs. $251,280 in the 2017 quarter. Net loss widened to $5.4 million from $4.2 million. Shares closed up 2.7 percent at $7.60.