ROCHESTER, N.Y., Jan. 4, 2018 /PRNewswire/ -- Vuzix® Corporation -- Vuzix® Corporation (VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technologies for the consumer and enterprise markets, is pleased to announce that the Company will showcase its next-generation wearable technology smart glasses and augmented reality products at CES 2018, including the Vuzix Blade™, which was awarded four International CES Innovation 2018 awards.
Vuzix to unveil first Alexa-enabled smart glasses next week — and the company's stock is popping
- The $1,000 glasses are aimed at a "prosumer" market, such as golfers or business customers, the company said, but will eventually come down in price and incorporate new features.
- Vuzix has a long-standing presence as a wearables maker in the enterprise technology market but is now looking toward consumers.
- Vuzix's is one of many augmented-reality products expected out of CES, a consumer electronics trade show taking place in Las Vegas next week.
From Vuzix 10K
We currently purchase almost all of the microdisplays used in our products from Kopin and Microvision. Our relationship with these microdisplay suppliers is generally on a purchase order basis and neither firm has a contractual obligation to provide adequate supply or acceptable pricing to us on a long-term basis. We procure a small percentage of our microdisplays from other sources such as Syndiant and Texas Instruments. While we do not manufacture our components, we own the tooling that is used to make our custom components with the exception of certain authentication chips and connectors that may be required to support industry standard device connectivity. We believe that we are not dependent on our relationships with any supplier other than Kopin or Microvision. Kopin before we sold the defense divisions had also been a significant customer of our night vision display electronics modules and owns just under 3% of our common stock. Some of our accessory products are sourced from third parties as finished goods. We typically have them print our Vuzix brand name on these products of they are co-branded. Such third party products represented less than 5% of our sales in 2015.
We currently purchase almost all of the microdisplays used in our products from Kopin and Microvision. Our relationship with these microdisplay suppliers is generally on a purchase order basis and neither firm has a contractual obligation to provide adequate supply or acceptable pricing to us on a long-term basis. We procure a small percentage of our microdisplays from other sources such as Syndiant and Texas Instruments. While we do not manufacture our components, we own the tooling that is used to make our custom components with the exception of certain authentication chips and connectors that may be required to support industry standard device connectivity. We believe that we are not dependent on our relationships with any supplier other than Kopin or Microvision. Kopin before we sold the defense divisions had also been a significant customer of our night vision display electronics modules and owns just under 3% of our common stock. Some of our accessory products are sourced from third parties as finished goods. We typically have them print our Vuzix brand name on these products of they are co-branded. Such third party products represented less than 5% of our sales in 2015.
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