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Malaysian Reserve
4 days ago
- Business
- Malaysian Reserve
Vuzix Achieves Waveguide Production and Yield Targets and Receives $5 Million Second Tranche Investment from Quanta Computer
ROCHESTER, N.Y., June 16, 2025 /PRNewswire/ — Vuzix® Corporation (NASDAQ: VUZI), ('Vuzix' or the 'Company'), a leading supplier of AI-powered smart glasses, advanced waveguides, and augmented reality (AR) technologies, today announced the receipt of a $5 million second tranche investment from Quanta Computer (TWSE: 2382), a premier global ODM and strategic partner. This latest investment brings Quanta's total investment in Vuzix to $15 million out of an anticipated total of $20 million, as previously announced on September 3, 2024. 'The completion of this second tranche investment marks another important milestone in strengthening our partnership with Quanta and expanding the capabilities of our cutting-edge waveguide production facility,' said Paul Travers, President and CEO of Vuzix. 'With this funding, we are further enhancing our state-of-the-art waveguide manufacturing capabilities, positioning Vuzix to deliver the world's most affordable, lightweight, and performance-driven AI smart glasses for mass-market adoption. We are excited about the continued collaboration and innovation ahead with a partner as respected as Quanta.' The foregoing description of Quanta's investment is qualified in its entirety by reference to the Current Report on Form 8-K, filed with the Securities and Exchange Commission on June 16, 2025. About Vuzix Corporation Vuzix is a leading designer, manufacturer and marketer of AI-powered Smart Glasses, Waveguides and Augmented Reality (AR) technologies, components and products for the enterprise, medical, defense and consumer markets. The Company's products include head-mounted smart personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality, as well OEM waveguide optical components and display engines. Vuzix holds more than 425 patents and patents pending and numerous IP licenses in the fields of optics, head-mounted displays, and the augmented reality wearables field. The Company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2024 and several wireless technology innovation awards among others. Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in: Rochester, NY; and Kyoto and Okayama, Japan. For more information, visit the Vuzix website, X and Facebook pages. Forward-Looking Statements Disclaimer Certain statements contained in this news release are 'forward-looking statements' within the meaning of the Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Forward-looking statements contained in this release include, without limitation, statements that relate to potential impact of investments, the completion of the third investment tranche, Vuzix Smart Glasses, our business relationship and future business opportunities with Quanta Computer and their customers and the Company's leadership in the Smart Glasses and AR display industry. They are generally identified by words such as 'believes,' 'may,' 'expects,' 'anticipates,' 'should' and similar expressions. Readers should not place undue reliance on such forward-looking statements, which are based upon the Company's beliefs and assumptions as of the date of this release. The Company's actual results could differ materially due to risk factors and other items described in more detail in the 'Risk Factors' and MD&A sections of the Company's Annual Reports and other filings with the United States Securities and Exchange Commission and applicable Canadian securities regulators (copies of which may be obtained at or Subsequent events and developments may cause these forward-looking statements to change. The Company specifically disclaims any obligation or intention to update or revise these forward-looking statements as a result of changed events or circumstances that occur after the date of this release, except as required by applicable law. Vuzix Media and Investor Relations Contact: Ed McGregor, Director of Investor Relations,Vuzix Corporationed_mcgregor@ Tel: (585) 359-5985 Vuzix Corporation, 25 Hendrix Road, West Henrietta, NY 14586 USA,Investor Information – IR@
Yahoo
5 days ago
- Business
- Yahoo
Vuzix Achieves Waveguide Production and Yield Targets and Receives $5 Million Second Tranche Investment from Quanta Computer
ROCHESTER, N.Y., June 16, 2025 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or the "Company"), a leading supplier of AI-powered smart glasses, advanced waveguides, and augmented reality (AR) technologies, today announced the receipt of a $5 million second tranche investment from Quanta Computer (TWSE: 2382), a premier global ODM and strategic partner. This latest investment brings Quanta's total investment in Vuzix to $15 million out of an anticipated total of $20 million, as previously announced on September 3, 2024. "The completion of this second tranche investment marks another important milestone in strengthening our partnership with Quanta and expanding the capabilities of our cutting-edge waveguide production facility," said Paul Travers, President and CEO of Vuzix. "With this funding, we are further enhancing our state-of-the-art waveguide manufacturing capabilities, positioning Vuzix to deliver the world's most affordable, lightweight, and performance-driven AI smart glasses for mass-market adoption. We are excited about the continued collaboration and innovation ahead with a partner as respected as Quanta." The foregoing description of Quanta's investment is qualified in its entirety by reference to the Current Report on Form 8-K, filed with the Securities and Exchange Commission on June 16, 2025. About Vuzix Corporation Vuzix is a leading designer, manufacturer and marketer of AI-powered Smart Glasses, Waveguides and Augmented Reality (AR) technologies, components and products for the enterprise, medical, defense and consumer markets. The Company's products include head-mounted smart personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality, as well OEM waveguide optical components and display engines. Vuzix holds more than 425 patents and patents pending and numerous IP licenses in the fields of optics, head-mounted displays, and the augmented reality wearables field. The Company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2024 and several wireless technology innovation awards among others. Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in: Rochester, NY; and Kyoto and Okayama, Japan. For more information, visit the Vuzix website, X and Facebook pages. Forward-Looking Statements Disclaimer Certain statements contained in this news release are "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Forward-looking statements contained in this release include, without limitation, statements that relate to potential impact of investments, the completion of the third investment tranche, Vuzix Smart Glasses, our business relationship and future business opportunities with Quanta Computer and their customers and the Company's leadership in the Smart Glasses and AR display industry. They are generally identified by words such as "believes," "may," "expects," "anticipates," "should" and similar expressions. Readers should not place undue reliance on such forward-looking statements, which are based upon the Company's beliefs and assumptions as of the date of this release. The Company's actual results could differ materially due to risk factors and other items described in more detail in the "Risk Factors" and MD&A sections of the Company's Annual Reports and other filings with the United States Securities and Exchange Commission and applicable Canadian securities regulators (copies of which may be obtained at or Subsequent events and developments may cause these forward-looking statements to change. The Company specifically disclaims any obligation or intention to update or revise these forward-looking statements as a result of changed events or circumstances that occur after the date of this release, except as required by applicable law. Vuzix Media and Investor Relations Contact: Ed McGregor, Director of Investor Relations,Vuzix Corporationed_mcgregor@ Tel: (585) 359-5985 Vuzix Corporation, 25 Hendrix Road, West Henrietta, NY 14586 USA,Investor Information – IR@ View original content to download multimedia: SOURCE Vuzix Corporation
West Australian
13-06-2025
- Business
- West Australian
Trade tensions aren't stopping Chinese companies from pushing into the US
Chinese companies are so intent on global expansion that even the biggest stock offering to date on Shanghai's tech-heavy STAR board counts the US as one of its biggest markets, on par with China. Shenzhen-based camera company Insta360, a rival to GoPro, raised 1.938 billion yuan ($417 million) in a Shanghai listing Wednesday under the name Arashi Vision. Shares soared by 274 per cent, giving the company a market value of 71 billion yuan ($15.3 billion). The US, Europe and mainland China each accounted for just over 23 per cent of revenue last year, according to Insta360, whose 360-degree cameras officially started Apple Store sales in 2018. The company sells a variety of cameras — priced at several hundred dollars — coupled with video-editing software. Co-founder Max Richter said in an interview Tuesday that he expects US demand to remain strong and dismissed concerns about geopolitical risks. 'We are staying ahead just by investing into user-centric research and development, and monitoring market trends that ultimately meet the consumer['s] needs,' he said ahead of the STAR board listing. China launched the Shanghai STAR Market in July 2019 just months after Chinese President Xi Jinping announced plans for the board. The Nasdaq-style tech board was established to support high-growth tech companies while raising requirements for the investor base to limit speculative activity. In 2019, only 12 per cent of companies on the STAR board said at least half of their revenue came from outside China, according to CNBC analysis of data accessed via Wind Information. In 2024, with hundreds more companies listed, that share had climbed to more than 14 per cent, the data showed. 'We are just seeing the tip of the iceberg. More and more capable Chinese firms are going global,' said King Leung, global head of financial services, fintech and sustainability at InvestHK. Leung pointed to the growing global business of Chinese companies such as battery giant CATL, which listed in Hong Kong last month. 'There are a lot of more tier-two and tier-three companies that are equally capable,' he said. InvestHK is a Hong Kong government department that promotes investment in the region. It has organised trips to help connect mainland Chinese businesses with overseas opportunities, including one to the Middle East last month. Roborock, a robotic vacuum cleaner company also listed on the STAR board, announced this month it plans to list in Hong Kong. More than half of the company's revenue last year came from overseas markets. At the Consumer Electronics Show in Las Vegas this year, Roborock showed off a vacuum with a robotic arm for automatically removing obstacles while cleaning floors. The device was subsequently launched in the US for $US2600 ($4020). Other consumer-focused Chinese companies also remain unfazed by heightened tensions between China and the US. In November, Chinese home appliance company Hisense said it aimed to become the top seller of television sets in the US in two years. And last month, China-based Bc Babycare announced its official expansion into the US and touted its global supply chain as a way to offset tariff risks. Chinese companies have been pushing overseas in the last several years, partly because growth at home has slowed. Consumer demand has remained lackluster since the COVID-19 pandemic. But the expansion trend is now evolving into a third stage in which the businesses look to build international brands on their own with offices in different regions hiring local employees, said Charlie Chen, managing director and head of Asia research at China Renaissance Securities. He said that's a change from the earliest years when Chinese companies primarily manufactured products for foreign brands to sell, and a subsequent phase in which Chinese companies had joint ventures with foreign companies. Insta360 primarily manufactures out of Shenzhen, but has offices in Berlin, Tokyo and Los Angeles, Richter said. He said the Los Angeles office focuses on services and marketing — the company held its first big offline product launch in New York's Grand Central Terminal in April. Chen also expects the next phase of Chinese companies going global will sell different kinds of products. He pointed out that those that had gone global primarily sold home appliances and electronics, but are now likely to expand significantly into toys. Already, Beijing-based Pop Mart has become a global toy player, with its Labubu figurine series gaining popularity worldwide. Pop Mart's total sales, primarily domestic, were 4.49 billion yuan in 2021. In 2024, overseas sales alone surpassed that to hit 5.1 billion yuan, up 373 per cent from a year ago, while mainland China sales climbed to 7.97 billion yuan. 'It established another Pop Mart versus domestic sales in 2021,' said Chris Gao, head of China discretionary consumer at CLSA. The Hong Kong-listed retailer doesn't publicly share much about its global store expansion plans or existing locations, but an independent blogger compiled a list of at least 17 US store locations as of mid-May, most of which opened in the last two years. The toy company has been 'very good' at developing or acquiring the rights to characters, Gao said. She expects its global growth to continue as Pop Mart plans to open more stores worldwide, and as consumers turn more to such character-driven products during times of stress and macroeconomic uncertainty. CNBC
Euronews
12-06-2025
- Business
- Euronews
This is the country most worried about digital privacy in Europe
Almost nine out of 10 Europeans are concerned about their privacy and would be more willing to embrace technology with artificial intelligence (AI) if they knew their data was secure, a new survey has found. Research from Samsung Electronics showed that as well as privacy concerns, more Europeans (62 per cent) would be willing to use AI if they understood the benefits to their lifestyles. The data comes as tech companies race to integrate AI into their gadgets, such as Apple which this week announced several updates, including AI in its smartwatch to give users better health data. Internet data scraping is one of the biggest debates in AI, with tech companies such as OpenAI saying all content online should be used to train AI models, which has led to lawsuits over copyright and data practices. However, the survey also showed that privacy concerns are wide-ranging, such as fraud and metadata being used to identify humans. The data also showed that 75 per cent of respondents felt managing data was stressful. The country in Europe where people were the most stressed was Spain (88 per cent), followed by Greece (87 per cent), and France and Italy (both 75 per cent). However, the survey also showed that privacy concerns are wide-ranging, such as fraud and metadata being used to identify humans. While most consumers were worried about privacy on their smartphones, with almost 50 per cent thinking about the privacy of their phones every day, more than a third of them had never thought about the security of their smart appliances at home, such as robot vacuum cleaners or smart fridges. Fears around security are preventing some consumers (18 per cent) from sharing data between their smart devices. This, in turn, holds consumers back from getting the most out of their tech, the survey said. At the Consumer Electronics Show (CES) in January, Samsung Electronics said it wanted its home devices to be connected, so that a robot vacuum would automatically clean up after a hairdryer was used. 'This research highlights a growing trend: while consumers are proactive about managing privacy on their smartphones, they're often overlooking the broader ecosystem of connected devices,' Dr Seungwon Shin, corporate EVP and head of security team, at Samsung Electronics, said in a statement. 'It also reflects a hesitation to fully embrace AI-powered experiences, largely driven by uncertainty around data use'. More than 8,000 people were surveyed across the UK, France, Germany, Italy, Spain, the Netherlands, Croatia, and Greece in April. At just 26, Filipino aeronautical engineer Mark Kennedy Bantugon is already changing how we think about aviation maintenance. With his invention Pili Seal®, a sustainable aircraft sealant made from agricultural waste, he's offering a safer, biodegradable alternative to conventional adhesives used in the aerospace industry – many of which contain hazardous petrochemical ingredients. His innovation has earned him a spot among the top 10 global winners of the Young Inventors Prize 2025, awarded by the European Patent Office (EPO). For over half a century, polysulfide-based sealants have been standard in aircraft manufacturing and repair, particularly for sealing fuel tanks. But these products often pose serious health and environmental risks. They can cause skin and respiratory irritation, and their disposal requires special handling due to their chemical composition. Pili Seal® challenges this norm by using the resin of the Pili tree, a substance that is normally discarded as waste by the food and perfume industries in the Philippines. "I am addressing two different pain points," Bantugon explains. "The first one is the drawbacks of commercial sealants and adhesives. The second one is the 155 million kilograms of annual Pili resin waste. With my Pili Seal, it tackles two different problems with one solution." Made from this naturally sticky resin, combined with a solvent and hardening agent, Pili Seal® performs under extreme conditions – withstanding fuel exposure, heat, and pressure. It has already passed multiple industry-standard flammability tests, proving its potential for aviation use. But Bantugon sees far wider applications. 'This product is effective in various material applications – metals, wood, glass, ceramic. For example, if you have roof holes, you can use it to prevent leakages,' he says. Raised in Batangas, a rural province in the Philippines, Bantugon grew up watching his father work the land and his mother teach in the local school. Early memories of patching leaky roofs with chewing gum sparked his fascination with adhesives. That curiosity followed him into his studies in aeronautical engineering and later during an internship at Lufthansa Technik Philippines, where he encountered firsthand the health risks posed by traditional aircraft sealants. Determined to find a safer, greener alternative, Bantugon spent years experimenting with six types of tree resin before selecting Pili. He refined 84 different formulations before landing on the one that worked. The result: a bio-based sealant that supports a circular economy and could offer a new revenue stream for Philippine farmers. In 2024, Bantugon founded Pili AdheSeal Inc. to bring the product to market. His work directly contributes to UN Sustainable Development Goal 9 (Industry, Innovation & Infrastructure) – but it's also deeply personal. 'Success,' he says, 'is best experienced when shared.' Bantugon hopes that Pili Seal® will soon achieve international certification, opening doors for global aviation partnerships. He's also exploring collaborations with construction and automotive industries, aiming to scale production and create sustainable jobs in rural Filipino communities.
CNBC
12-06-2025
- Business
- CNBC
Trade tensions aren't stopping Chinese companies from pushing into the U.S.
BEIJING — Chinese companies are so intent on global expansion that even the biggest stock offering to date on Shanghai's tech-heavy STAR board counts the U.S. as one of its biggest markets, on par with China. Shenzhen-based camera company Insta360, a rival to GoPro, raised 1.938 billion yuan ($270 million) in a Shanghai listing Wednesday under the name Arashi Vision. Shares soared by 274%, giving the company a market value of 71 billion yuan ($9.88 billion). The United States, Europe and mainland China each accounted for just over 23% of revenue last year, according to Insta360, whose 360-degree cameras officially started Apple Store sales in 2018. The company sells a variety of cameras — priced at several hundred dollars — coupled with video-editing software. Co-founder Max Richter said in an interview Tuesday that he expects U.S. demand to remain strong and dismissed concerns about geopolitical risks. "We are staying ahead just by investing into user-centric research and development, and monitoring market trends that ultimately meet the consumer['s] needs," he told CNBC ahead of the STAR board listing. China launched the Shanghai STAR Market in July 2019 just months after Chinese President Xi Jinping announced plans for the board. The Nasdaq-style tech board was established to support high-growth tech companies while raising requirements for the investor base to limit speculative activity. In 2019, only 12% of companies on the STAR board said at least half of their revenue came from outside China, according to CNBC analysis of data accessed via Wind Information. In 2024, with hundreds more companies listed, that share had climbed to more than 14%, the data showed. "We are just seeing the tip of the iceberg. More and more capable Chinese firms are going global," said King Leung, global head of financial services, fintech and sustainability at InvestHK. Leung pointed to the growing global business of Chinese companies such as battery giant CATL, which listed in Hong Kong last month. "There are a lot of more tier-two and tier-three companies that are equally capable," he said. InvestHK is a Hong Kong government department that promotes investment in the region. It has organized trips to help connect mainland Chinese businesses with overseas opportunities, including one to the Middle East last month. Roborock, a robotic vacuum cleaner company also listed on the STAR board, announced this month it plans to list in Hong Kong. More than half of the company's revenue last year came from overseas markets. At the Consumer Electronics Show in Las Vegas this year, Roborock showed off a vacuum with a robotic arm for automatically removing obstacles while cleaning floors. The device was subsequently launched in the U.S. for $2,600. Other consumer-focused Chinese companies also remain unfazed by heighted tensions between China and the U.S. In November, Chinese home appliance company Hisense said it aimed to become the top seller of television sets in the U.S. in two years. And last month, China-based Bc Babycare announced its official expansion into the U.S. and touted its global supply chain as a way to offset tariff risks. Chinese companies have been pushing overseas in the last several years, partly because growth at home has slowed. Consumer demand has remained lackluster since the Covid-19 pandemic. But the expansion trend is now evolving into a third stage in which the businesses look to build international brands on their own with offices in different regions hiring local employees, said Charlie Chen, managing director and head of Asia research at China Renaissance Securities. He said that's a change from the earliest years when Chinese companies primarily manufactured products for foreign brands to sell, and a subsequent phase in which Chinese companies had joint ventures with foreign companies. Insta360 primarily manufactures out of Shenzhen, but has offices in Berlin, Tokyo and Los Angeles, Richter said. He said the Los Angeles office focuses on services and marketing — the company held its first big offline product launch in New York's Grand Central Terminal in April. Chen also expects the next phase of Chinese companies going global will sell different kinds of products. He pointed out that those that had gone global primarily sold home appliances and electronics, but are now likely to expand significantly into toys. Already, Beijing-based Pop Mart has become a global toy player, with its Labubu figurine series gaining popularity worldwide. Pop Mart's total sales, primarily domestic, were 4.49 billion yuan in 2021. In 2024, overseas sales alone surpassed that to hit 5.1 billion yuan, up 373% from a year ago, while mainland China sales climbed to 7.97 billion yuan. "It established another Pop Mart versus domestic sales in 2021," said Chris Gao, head of China discretionary consumer at CLSA. The Hong Kong-listed retailer doesn't publicly share much about its global store expansion plans or existing locations, but an independent blogger compiled a list of at least 17 U.S. store locations as of mid-May, most of which opened in the last two years. The toy company has been "very good" at developing or acquiring the rights to characters, Gao said. She expects its global growth to continue as Pop Mart plans to open more stores worldwide, and as consumers turn more to such character-driven products during times of stress and macroeconomic uncertainty.
