NEW YORK, Nov. 6, 2014 -- Analyst Report by Small Cap Traders. Vuzix Corporation (OTCQB: VUZI), is a leading developer and supplier of smart glasses and video eyewear products in the consumer, enterprise and industrial markets. With roots dating back over a decade this is a solidly established competitor that is acknowledged to be challenging for leadership in a number of important future technology niches. The Company's products - personal display and wearable computing devices offer users a portable high quality viewing experience that provide solutions for mobility, wearable computing displays and Virtual and Augmented Reality (AR).
VUZI has been able to accumulate an impressive intellectual property portfolio that now includes portfolio consisting of 39 patents issued and an additional 10 pending. Over $35 million has been invested in Vuzix' technologies through U.S. government and military research grants and Vuzix' R&D budget.
Vuzix has partnerships with dominant technology players that have already established incredible presence and marketing muscle in the target markets. The Company signed an exclusive strategic & marketing agreement in July with Lenovo New Business Development in China to sell its M100 Smart Glasses across China. Vuzix has positioned its technology to be implemented for both consumer use and enterprise solutions. First volume shipments to Lenovo began in early September 2014. Vuzix' enterprise opportunities are reinforced by development and marketing partnerships with Nokia and SAP. SAP recently launched two applications based around the M100 Smart Glasses. SAP a $90 billion dollar enterprise solutions leader will be selling Vuzix products to support their customer installations.
Vuzix is acknowledged as a leader in smart glasses and is at the forefront of the rapidly growing wearable technology market with opportunities in the billions of dollars. This emerging industry is already targeted by many leading Consumer Electronics firms as they seek to participate in the next wave of mega growth opportunities.
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