VUZI is bringing it this morning. On big breaking news today, VUZI has hit a new 52-week high of $6.19 so

SmallCapFirm

Major Breaking News Has All Eyes On Past Champ VUZI This Morning, Read The Press Release Now

Craig Hallum $8 Price Target Found On MarketBeat

Augmented Reality: The Future Is Here...

December 16th

SCF Readers,

VUZI is bringing it this morning.

On big breaking news today, VUZI has hit a new 52-week high of $6.19 so far and could be gaining steam towards an even bigger push.

Here's why:

Vuzix Smart Glasses Provide Major Productivity Boost to Construction Sites Across Europe

Vuzix Smart Glasses work in conjunction with Topcon Positioning's MAGNET software suite to deliver precision layouts alongside substantial cost and time-saving benefits

ROCHESTER, N.Y., Dec. 16, 2020 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), a leading supplier of Smart Glasses and Augmented Reality (AR) technology, has announced an exciting new development for the construction surveying process. Available in the European market, the Vuzix Smart Glasses are now compatible with Topcon Positioning Group's MAGNET software suite, which brings new efficiencies and hands-free usage to those working on-site and embraces the very latest developments in AR technology.

Read the full article here.

Additionally, VUZI dropped 2 huge press releases yesterday that are still on beginning to make the rounds:

Plug Power Develops Vuzix Smart Glasses-Based Remote Training and Onboarding Program to Support its Hydrogen Fuel Cells

Vuzix Completes the Development and Delivery of a Customized Waveguide Solution for a Major International Defense Contractor

If you haven't read your full VUZI report or this recent news, do so now and get it on your radar before it's too late.

-----

Augmented reality (AR) is the blending of interactive digital elements – like dazzling visual overlays, buzzy haptic feedback, or other sensory projections – into our real-world environments.

Google SkyMap is a well-known AR app. It overlays information about constellations, planets and more as you point the camera of your smartphone or tablet toward the heavens.

Wikitude is an app that looks up information about a landmark or object by your simply pointing at it using your smartphone's camera.

Need help visualizing new furniture in your living room? The IKEA Place app will provide an overlay of a new couch for that space before you buy it so that you can make sure it fits.

Augment reality is a technology that is here to stay and the potential growth of this industry could soon shoot through the roof. Several researchers agree:

  • The AR market is set to exceed $50Bn by 2024 – CueReport, August 2020
  • The global AR and mixed reality market is estimated to reach $95Bn by 2025 – ResearchAndMarkets, August 2020
  • Augmented reality is set to be a $50Bn industry by 2024 – MarketWatch, June 2020

Previously, I've brought this profile to your attention only to watch it run from an approximately alerted $2.59 on May 8th to a $4.32 July 9th high of $4.32 for roughly 66%.

Then I reminded you of this profile again on July 17th at approximate $4.29 before it ran to a then 52-week high of $4.93 on July 20th for another 14% move.

After that I followed up by bringing VUZI to your attention on September 2nd. That day it opened at $3.89 and hit a high of $5.10 one day later for an approximate run of 31%.

Once again, I suggest getting this Nasdaq tech profile pulled up quickly:

> Vuzix Corporation (VUZI) <

Vuzix is a leading supplier of Smart-Glasses and Augmented Reality (AR) technologies and products for the consumer and enterprise markets. The Company's products include personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality.

Not only do you need to pay attention to the potential AR landscape, but the Smart-Glasses industry could also see significant growth in the years to come. See here:

  • The global market for smart AR glasses will grow to 20Mn units annually by 2025 – Tractica, August 2020
  • The global market for AR smart glasses market is projected to reach 31Mn units by 2027 – Global Industry Analysts, July 2020
  • 52Mn smart glasses will be active by 2024 – ABI Research, July 2020

Those figures are nothing to shake a stick at. They are huge and could grow even bigger over time.

Factoring in the potential for the AR market with several potential catalysts, and VUZI becomes a Nasdaq profile you need on your radar now.

Here are the key factors that could lead to a major VUZI breakout:

#1 Potential VUZI Driver Indicator - Tuesday's Big News

Plug Power Develops Vuzix Smart Glasses-Based Remote Training and Onboarding Program to Support its Hydrogen Fuel Cells

ROCHESTER, N.Y., Dec. 15, 2020 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, today announced that Plug Power (NASDAQ: PLUG), a leading provider of hydrogen engines and fueling solutions for enabling e-mobility, has developed and successfully deployed an AR smart glasses-based remote training and onboarding program utilizing Vuzix M400 Smart Glasses powered by Ubimax Frontline, a fully integrated productivity solution platform.

The arrival of CV-19 presented new challenges for Plug Power operations to train and support their field technicians and their growing customer footprint. In a matter of weeks, Plug Power was able to adapt their in-person training and onboarding programs into AR virtual smart glasses-based training programs. The AR support program provides Plug Power technicians with a kit consisting of Vuzix Smart Glasses preloaded with Ubimax Frontline software, which not only enabled technicians to capture and review on-the-job processes hands-free with a trainer remotely, but also replaced the need for more expensive in-person training events and gatherings.

Read the full article here.

#2 Potential VUZI Driver Indicator - Chart Plus Technicals

Right now, VUZI's chart looks like a 6-month behemoth ready to cut loose. Take a look for yourself:

image

This killer has seen its valuation more than double since the end of June and this vertical growth may not be slowing down anytime soon. Here's why...

According to Barchart, VUZI is displaying several technical indicators that are triggered as bullish. This is a quick list:

Short Term Indicators

  • 20 Day Moving Average
  • 20 - 50 Day MACD Oscillator
  • 20 - 100 Day MACD Oscillator
  • 20 - 200 Day MACD Oscillator

Medium Term Indicators

  • 50 Day Moving Average
  • 50 - 100 Day MACD Oscillator
  • 50 - 150 Day MACD Oscillator
  • 50 - 200 Day MACD Oscillator

Long Term Indicators

  • 100 Day Moving Average
  • 150 Day Moving Average
  • 200 Day Moving Average
  • 100 - 200 Day MACD Oscillator

Based on indicator averages, Barchart reports VUZI to be a "100% BUY" overall and it also has a triggered composite "TrendSpotter" indicator.

With the consistent vertical growth we've seen out of VUZI in recent weeks plus its bullish triggered technicals, another potential surge could be in the cards moving forward.

#3 Potential VUZI Driver Indicator - Big Price Target

According to MarketBeat's website, there is currently a $8.00 target coming from Craig Hallum.

Take into account where VUZI closed on Tuesday at $5.74 and this profile has approximately 39% in upside potential.

Now, I'm not saying that VUZI is going to make a big double-digit move today, but if Tuesday's major news brings buzz to this company's stock, you'll want to know its potential upside.

-----

#4 Potential VUZI Driver Indicator - Additional Orders

Vuzix Continues to Receive Multiple Follow-On M400 Smart Glasses Orders from Both Resellers and End Customers to Support Business Operations Amid CV-19 Pandemic

- A Fortune 500 engine manufacturer and a pharmaceutical air transportation solution provider place follow-on orders

- Brochesia places a follow-on order to support industrial production, construction, transportation and marine customers

ROCHESTER, N.Y., Nov. 12, 2020 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, today announced that the Company has received initial follow-on orders and delivered M400 Smart Glasses kits to support remote support and training after rapid and successful proof of concept evaluations were performed by two new customers. The C-19 global pandemic continues to be an accelerant for the adoption within the enterprise smart glasses.

The first customer is a Fortune 500 engine manufacturer and distributor and after a rapid and successful proof of concept evaluation was completed this summer using a hand full of M400 Smart Glasses to support technicians with remote guidance and training, the customer placed a follow-on order that was recently delivered for broader deployment of M400 Smart Glasses.

The second company is a leading global provider of pharmaceutical air transportation solutions and after a rapid and successful proof of concept evaluation using one M400 Smart Glasses to support technicians with remote guidance and training, the company placed a follow-on order for many more M400 Smart Glasses that was recently delivered.

"Over the last few quarters, we have witnessed many customers both large and small within the enterprise smart glasses industry moving faster between pilot evaluation and volume deployments into their operations. These two customers are proof points and prime examples of how Vuzix Smart Glasses are being effective out of the box to deliver remote guidance and training to provide sizable benefits for our customers," said Paul Travers, Vuzix President and Chief Executive Officer. "We look forward to supporting these customers as they continue to deploy Vuzix Smart Glasses across their operations."

In addition to these two direct customers, Vuzix also received a follow-on M400 Smart Glasses order (unit total not disclosed due to competitive reasons) from Brochesia, a software solution provider based in Italy that sells smart glasses based solution into enterprise to support manufacturing, healthcare, field service and logistics.

Read the full article here.

-----

#5 Potential VUZI Driver Indicator - Record Revenues

Vuzix Reports Record Smart Glasses Revenues and Provides Business Outlook

Vuzix Smart Glasses revenues for the second quarter increased 183% year-over-year

Overall revenues for the second quarter increased 98% sequentially compared to the first quarter

ROCHESTER, N.Y., Aug. 10, 2020 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI) ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technologies and products, today reported its second quarter results for the period ended June 30, 2020.

"Our second quarter revenue grew 39% over the comparable 2019 period and 98% sequentially from our first quarter to $3.0Mn as our enterprise business continued to expand at an accelerated pace and engineering services sales doubled to $0.7Mn versus the comparable 2019 period. The worldwide c-virus outbreak has impacted the day-to-day operations of our enterprise customers across numerous market verticals and this has accelerated the enterprise adoption of our smart glasses. We delivered a record $2.3Mn of Vuzix smart glasses in the quarter, an increase of 183% year-over-year and 70% sequentially from our first quarter of 2020, primarily driven by interest from new customers and follow-on orders from existing customers whose business operations have been impacted by CV-19. Healthcare has emerged as an important business segment for Vuzix, including telemedicine and telehealth solutions related to patient care, training and surgery, as well as supporting healthcare companies like medical device manufacturers that have active equipment installations in hospitals and medical facilities," said Paul Travers, President and CEO of Vuzix.

"The second quarter was also a good one for our OEM business group. We advanced the existing programs we have with two major global defense companies and achieved meaningful milestones on their respective product development initiatives that should accelerate the transition of these programs from engineering services concepts to volume production in the near future," continued Mr. Travers.

Read the full article here.

-----

More From The VUZI Company Website

Vuzix Waveguides, Optics and Display Engines

Industry-leading technology

Vuzix is a leader in Optics technology for near eye displays and one of the largest suppliers of smart glasses in the world. We have a reputation across the smart glasses industry for creating market-leading technology and high-quality products that is protected by 146 patents and patents pending.

Our smart glasses and component technologies are the result of extensive research, design, and development, which we then supplement through OEM partnerships with major tech companies. Our light thin and ergonomic Waveguide designs coupled with our innovative optics for display engines create some of the most desirable and adaptable products.

We provide full customer ready solutions, modular sub-systems, or even full custom Waveguide with display engine designs.

WAVEGUIDES, OPTICS & DISPLAY ENGINES

Our world-class research and development have resulted in market-leading Waveguide optic technology. Our world class optics team specializes in custom solutions from full system designs to basic Waveguides for use in third party solutions. We are experts at directing the light where it needs to be in a compact, efficient package.

Vuzix is at the forefront of the smart glasses industry, providing smaller, lighter and more efficient display engines to the market. We provide high-resolution displays without obstruction.

SMART GLASSES

Smart glasses employing Waveguide-based optics have many enterprise and commercial uses such as warehousing, remote support, manufacturing, navigation, entertainment, gaming and learning. The possibilities for this technology are constantly growing and evolving with the changing demands of industry.

www.vuzix.com/

-----

VUZI Potential Driver Indicator Recap

1. Tuesday's Big News

2. Bullish Technicals + Chart

3. $8.00 Analyst Price Target

4. Additional Orders From Resellers And End Customers

5. Record Revenues

-----

image

If there are any more updates today, I'll get them out to you quickly.

Sincerely,

Axel Adams

Editor, SCF


(Always Remember The Stock Prices Could Be Significantly Lower Now From The Dates I Provided.)​

Disclosure: Make sure to always do your own research and due diligence on any day and swing trade profile I bring to your attention. I am not a license d finan.cial advise r. All potential percentage gains are based on from the low to the high of day. SmallCapFirm's full disclosure is to be read and fully understood before using SmallCapFirm's website, or joining SmallCapFirm's email or text list. By viewing SmallCapFirm's website and/or reading SmallCapFirm's email or text newsletter you are agreeing to SmallCapFirm's full disclosure which can be read at: smallcapfirm.com/disclosure Stock Wire News (stock wire news . com) is owned by Stock News Wire LLC, a limited liability company. An owner of Stock News Wire, LLC owns an interest in the limited liability company that owns and operates small cap firm . com (“SCF”), an interest in the limited liability company that owns and operates fierce investor . com (“FI”), an interest in the limited liability company that owns and operates stock street wire . com (SSW), and an interest in the limited liability company that owns and operates nasdaq wire news . com (NWN) . From time to time, Stock Wire News, SCF, FI, SSW, and/or NWN will publicly disseminate information about a company via website, email, SMS and other points of media. Pursuant to an agreement between SmallCapFirm and StockWireNews LLC, SmallCapFirm has been hired for a one day period on 5/8/20 to publicly disseminate information about (VUZI) via Website, Email and SMS. We have been paid five thousand USD via bank wire transfer. We own zero shares of (VUZI). An owner of StockWireNews LLC owns an interest in SmallCapFirm. Pursuant to an agreement between StockWireNews LLC and Venado Media, LLC, StockWireNews has been hired for a one day period on 5/8/20 to publicly disseminate information about (VUZI) via Website, Email and SMS. We have been paid twenty-seven thousand five hundred USD via bank wire transfer. We own zero shares of (VUZI). Pursuant to an agreement between SmallCapFirm and StockWireNews LLC, SmallCapFirm has been hired for a period beginning on 7/16/20 and ending on 7/17/20 to publicly disseminate information about (VUZI) via Website, Email and SMS. We have been paid ten thousand USD via bank wire transfer. We own zero shares of (VUZI). To date, we have been compensated a total of fifteen thousand USD via bank wire transfer to disseminate information about (VUZI). An owner of StockWireNews LLC owns an interest in SmallCapFirm (SCF). Pursuant to an agreement between StockWireNews LLC and Venado Media, LLC, StockWireNews has been hired for a period beginning on 7/16/20 and ending on 7/17/20 to publicly disseminate information about (VUZI) via Website, Email and SMS. We have been paid forty thousand USD via bank wire transfer. We own zero shares of (VUZI). An owner of StockNewsWire LLC owns an interest in SmallCapFirm (SCF). Pursuant to an agreement between StockWireNews LLC and Venado Media, LLC, StockWireNews has been hired for a period beginning on 9/3/20 and ending on 9/4/20 to publicly disseminate information about (VUZI) via Website, Email and SMS. We have been paid fifteen thousand USD via bank wire transfer. We own zero shares of (VUZI). Pursuant to an agreement between SmallCapFirm and StockWireNews LLC, SmallCapFirm has been hired for a period beginning on 12/16/20 and ending on 12/17/20 to publicly disseminate information about (VUZI) via Website, Email and SMS. We have been paid ten thousand USD via bank wire transfer. We own zero shares of (VUZI). To date, we have been compensated a total of twenty-five thousand USD via bank wire transfer to disseminate information about (VUZI). An owner of StockNewsWire LLC owns an interest in SmallCapFirm (SCF). Pursuant to an agreement between Stock News Wire LLC and Legends Media, LLC, StockWireNews has been hired for a period beginning on 12/16/20 and ending on 12/17/20 to publicly disseminate information about (VUZI) via Website, Email and SMS. We have been paid sixty-seven thousand five hundred USD via bank wire transfer. We own zero shares of (VUZI). To date, we have been compensated a total of one hundred and fifty thousand USD via bank wire transfer to disseminate information about (VUZI).