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Vuzix

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Vuzix Corporation
Company typePublic
Nasdaq: VUZI
FounderPaul Travers
Headquarters
Rochester, New York
,
United States
ProductsM100 Smart Glasses, M300 Smart Glasses, iWear Video Headphones
OwnerIntel (30%)
Number of employees
45 total, 22 engineering staff
Websitewww.vuzix.com

Vuzix is an American multinational technology firm headquartered in Rochester, New York. Founded in 1997 by Paul Travers, Vuzix is now a leading supplier of wearable display technology, Virtual Reality and Augmented Reality. Vuzix manufactures and sells computer display devices and software.[1] Vuzix personal display devices are used for mobile and immersive Augmented Reality[2] applications, such as 3D Gaming,[3] Manufacturing training,[4] and Military tactical equipment.[5]

History

Paul Travers founded Vuzix in 1997 in Rochester, NY, under the name Interactive Imaging Systems, purchasing the assets of the Virtual Reality company Forte Technologies. The company started with products for the military and US Defense, but then developed consumer virtual reality systems and was the first company to deliver consumer virtual reality. The Company has offices in New York, Japan, and the UK and is the current market leader for video eyewear[citation needed]. Forte was a pioneer during the mid-1990s developing immersive head mounted displays[6] for Virtual Reality and video gaming applications.

In 1997, the Company was hired as a subcontractor to Raytheon, designing display electronics for a digital night vision weapon sight. The development done on this project led to a very small, low power set of display drive electronics that the Company would later build into other products.

In 2000, the VFX1 Headgear was featured in a commemorative US Postal Service stamp collection celebrating the 1990s.[7] The VFX1 was replaced by a higher resolution system dubbed the VFX3D in mid 2000.[8]

In 2001, Vuzix launched its first consumer electronics product, the iCOM personal internet browser.[9] The device was a small handheld PDA with an integrated high resolution microdisplay with Internet access. At the time, the vast majority of Internet-capable devices had small text only screens; the iCOM allowed for full resolution access to the web just as would be seen on a laptop.

For the next few years the company focused its efforts on next generation technologies and building custom display solutions for a variety of customers around the world. In 2005, Vuzix provided a custom high resolution handheld display system that created the 3D imagery for Hitachi's pavilion at the 2005 World’s Fair in Aichi, Japan. The Hitachi Pavilion allowed users to interact with computer generated models and dioramas of endangered species in a "First-of-its-kind" Mixed Reality ride.[10]

In 2005, the company changed its name to Icuiti, in an effort to reflect its new focus on consumer electronics devices. Later that year, Icuiti launched its first product designed specifically for consumers, the V920 Video Eyewear.[11] Designed to plug into portable video devices (DVD players and Archos media player) the V920 was the lightest and smallest wearable display system ever built at the time[citation needed]. The V920 would lead to a line of Video Eyewear products that continue today.

Also in 2005, Icuiti was awarded its first military R&D contract to develop a high resolution monocular display device for viewing tactical maps and video. This development would lead to the Tac-Eye product line, which began rate production in 2009 and is currently used in many major military programs including the Battlefield Air Operations kit.[12]

A re-branding in 2007 changed the Company's name from Icuiti to Vuzix.[13]

In 2010, Vuzix introduced the first production model see-through augmented reality glasses the STAR 1200.[14] It was released in August 2011 for $4999.[15]

Vuzix is currently[when?] under contract with DARPA to design and build a next generation heads up display for military ground personnel.[16] The DARPA PCAS program is large R&D program with the goal of allowing the joint tactical air controller the ability to rapidly engage multiple, moving and simultaneous targets within his area of responsibility.[17]

In January 2013, at CES, Vuzix Corporation demonstrated working models of its new M100 Smart Glasses, the official press event of CES. Rated as one of the five top gadgets expected at CES by CNBC[18] and given the CES Innovations award,[19] the Vuzix Smart Glasses M100, expected to ship in second half of 2013, will enable wearers to access data and content from an iOS or Android smart phone from the cloud and ‘hands free’. The m100 was officially released in December 2013 for $1000: double the original announced price.[20]

In January 2015, Intel invested $25 million in the company, gaining 30% ownership of the company. [21]

Innovations

Video Eyeware

Augmented Reality Eyeware

  • Vuzix created the first commercially produced pass-through augmented reality headset, the Wrap 920AR. The Wrap 920AR has two VGA video displays and two cameras that work together to provide the user a view of the world which blends real world inputs and computer generated data.[23]
  • During the Consumer Electronic Show in 2011, Vuzix announced the Raptyr. The Raptyr is a see-through augmented reality display prototype that will be the first consumer product of its kind when it reaches the market in 2011[needs update].[24]
  • The STAR 1200 is the first See-Through Augmented Reality display to be mass-produced and is scheduled to be released in August 2011.[needs update][25]
  • The Vuzix Smart Glasses M100 are scheduled for commercial release in late 2013. SWEET![26] Vuzix describes the M100 as the world’s first, commercially available, hands free display and cloud connected communications system. The Vuzix M100 contains a virtual display with integrated camera and powerful processing engine, running the Android OS . Users will be able to connect wirelessly to their smartphone (Android-based) or other compatible devices. The M100 is also powerful enough to connect directly to the Internet, run applications and games itself. When connected to a smartphone, users will be able to engage with existing and future applications such texts, video, email, mapping, and audio. As a hands free accessory with integrated camera/display functionality, Vuzi smart glasses will let users answer the phone with a visual address book and enable applications from text messaging and email to visual navigation (via an integrated GPS and head tracker) along with more advanced features like video recording. The interactive head tracking and integrated HD camera, combined with applications on the M100 and a smartphone linked to the Cloud, empower smartphone based augmented reality applications.[27][28]

Awards

The company has won 20 Consumer Electronics Show Innovations awards with select products being the world’s best-innovations in their category. [29]

  • 2005 Innovation International CES Design and Engineering Showcase Award, Personal Electronics, Video Eyewear, V920
  • 2006 Innovation International CES Design and Engineering Showcase Award, Personal Electronics, MP920
  • 2007 Innovation International CES Design and Engineering Showcase Award, Portable Electronics: Audio/Video iWear
  • 2007 Innovation International CES Design and Engineering Showcase Award, Electronic Gaming, VR920
  • 2008 Innovation International CES Design and Engineering Showcase Award, Electronic Gaming, VR920-X
  • 2008 Innovation International CES Design and Engineering Showcase Award, Healthcare, LV920-1
  • 2009 Innovation International CES Design and Engineering Showcase Award, Computer Accessories, VR1440
  • 2009 Innovation International CES Design and Engineering Showcase Award, Personal Electronics, AV310 Widescreen
  • 2010 Innovation International CES Design and Engineering Showcase Award, Computer Accessories, Wrap 920AR
  • 2011 Innovation International CES Design and Engineering Showcase Award, Computer Accessories, Raptyr
  • 2012 Innovation International CES Design and Engineering Showcase Award, Portable Multimedia Accessories, Wrap 720p
  • 2012 Innovation International CES Design and Engineering Showcase Award, Portable Multimedia Accessories, Cyclops
  • 2013 Innovation International CES Design and Engineering Showcase Award, Wireless Handset Accessories, Vuzix Smart Glasses
  • 2013 Innovation International CES Design and Engineering Showcase Award, Personal Electronics, Vuzix Smart Glasses
  • 2014 Innovation International CES Design and Engineering Award, Wireless Handset Accessories, Vidphones
  • 2014 Innovation International CES Design and Engineering Award, Headphones, Vidphones
  • 2015 CES Innovation Awards, Gaming Hardware and Accessories, V-720
  • 2015 CES Innovation Awards, Wireless Handset Accessories, V-720
  • 2015 CES Innovation Awards, Computer Accessories, V-720
  • 2015 CES Innovation Awards, Headphones, V-720
  • 2016 CES Innovation Awards, Wireless Handset Accessories, Vidwear
  • 2016 CES Innovation Awards, Wireless Handset Accessories, M3000 Smart Glasses
  • 2016 CES Innovation Awards, Wearable Technologies, M3000 Smart Glasses
  • 2016 CES Innovation Awards, Wearable Technologies, Vidwear
  • 2016 CES Innovation Awards, Wireless Handset Accessories, iWearWireless
  • 2016 CES Innovation Awards, Headphones, iWearWireless
  • 2016 CES Innovation Awards, Computer Accessories, iWearWireless
  • 2016 CES Innovation Awards, Gaming and Virtual Reality, iWearWireless

References

  1. ^ "About Vuzix Corporation".
  2. ^ "Augmented Reality edges closer to the mainstream - CNET News".
  3. ^ "The Best New Technology - Oprah.com".
  4. ^ "Vuzix and NS Solutions Corporation Partner to Deliver Augmented Reality Solutions for Manufacturing".
  5. ^ "Vuzix to Begin Volume Deliveries for Air Force Battlefield Airman Head Mounted Display Program".
  6. ^ "FORTE VFX-1 HEADGEAR Virtual-Reality system". Museum of Interesting Tech.
  7. ^ "Celebrate the Century - 1990s - No. 10 of 10 - U.S. Postal Service - 2000".
  8. ^ "Unofficial VFX3D page". Stereo3D.com.
  9. ^ Hendricks, Veronica. "iCOM Personal Internet Browser". iApplianceWeb.com. Retrieved 2011-06-29.
  10. ^ "Nature Contact - Hitachi Group Pavilion's Ubiquitous Entertainment Ride". Expor2005.or.jp.
  11. ^ "VR Interfaces: Icuiti V920". virtualworldlets.net.
  12. ^ NDIA Brief.pdf "NDIA Brief" (PDF). Retrieved 2011-06-29. {{cite news}}: Check |url= value (help)
  13. ^ http://www.prnewswire.com/news-releases/icuiti-changes-name-to-vuzix-corporation-57757517.html
  14. ^ "Vuzix Star 1200 headset augments your reality, not your bank account". Engadget.com. AOL Tech.
  15. ^ "0Vuzix Star 1200: Price and Release Date for Augmented-Reality Glasses".
  16. ^ Shachtman, Noah (2011-04-11). "Darpa's Holograms Rain Hell". Wired.com - Danger Room. Retrieved 29 June 2011.
  17. ^ "Persistent Close Air Support". Defense Advanced Research Projects Agency. Retrieved 29 June 2011.
  18. ^ "Five Hot Gadgets Expected at CES 2013". January 2013.
  19. ^ "CES Innovation Awards". January 2013.
  20. ^ "Vuzix's Android-powered M100 Smart Glasses now available to pre-order for $1,000".
  21. ^ Template:Https://www.engadget.com/2015/01/03/intel-vuzix-investment/
  22. ^ McNicholas, Kym. "Take Control in New Ways - Forbes.com".
  23. ^ "The Big Idea - Augmented Reality - National Geographic Magazine".
  24. ^ "CES:Clear Glasses to Augment Your Reality - MIT Technology Review".
  25. ^ "Vuzix Star 1200 headset augments your reality, not your bank account". Engadget.com. 2011-06-11.
  26. ^ "Future goggles: Eyes-on with Vuzix M100 Smart Glasses".
  27. ^ "Vuzix Unveils its M100 Smart Glasses at International Consumer Electronics Show" (PDF). January 2013.
  28. ^ "Our Wearable of the Week: Vuzix M100". July 2015.
  29. ^ "Vuzix Is a Leading Developer of Smart Glasses and Video Eyewear".


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