Latest news with #Quanta
Malaysian Reserve
5 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
6 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
Yahoo
05-06-2025
- Business
- Yahoo
Rigetti Rides Quantum Momentum: Will Strategic Deals Boost Growth?
Rigetti Computing RGTI marked a significant milestone in February by entering a strategic collaboration with Quanta Computer, a global leader in electronics manufacturing. This agreement reflects a long-term commitment to advancing quantum computing technologies through a combination of financial backing, technological integration, and strategic deployment. Quanta has committed to a $35 million equity investment in Rigetti as part of the deal, signaling strong confidence in the company's quantum roadmap. Over the next five years, both companies plan to contribute more than $100 million each toward joint development initiatives. The collaboration aims to accelerate the commercialization of superconducting quantum processors, with an emphasis on building scalable, fault-tolerant systems that can be deployed across academic, enterprise, and government sectors. Beyond financial support, this partnership opens the door for Rigetti to leverage Quanta's manufacturing scale, global reach, and operational infrastructure. For Rigetti, aligning with a hardware manufacturing powerhouse is critical to transitioning from research-stage prototypes to commercially viable quantum computing systems. The alliance is expected to focus on producing and distributing Rigetti's advanced quantum processing units, integrating them into broader computing frameworks, and advancing applications across logistics, pharmaceuticals, and machine learning. The timing of the partnership is strategic, coming on the heels of Rigetti's Ankaa-3 launch, an 84-qubit system boasting a 99.5% two-qubit gate fidelity. This positions the company to move quickly toward meaningful real-world deployment, solidifying its place in the emerging quantum computing economy. In February, IonQ IONQ, another leader in quantum computing, partnered with General Dynamics Information Technology (GDIT) to bring quantum computing solutions to the government and defense sectors. This collaboration aims to co-develop and market advanced quantum processing and networking applications, addressing high-impact use cases such as quantum AI extensions and resource optimization. Similarly, in January, D-Wave Quantum QBTS announced a partnership with Carahsoft Technology Corp., a prominent provider of IT solutions for government entities. This collaboration is intended to bring D-Wave's quantum computing technologies to public sector organizations through Carahsoft's reseller network and multiple procurement platforms. Shares of RGTI have lost 22.6% in the year-to-date period against the industry's growth of 10.5%. Image Source: Zacks Investment Research From a valuation standpoint, Rigetti trades at a price-to-book ratio of 16.38, above the industry average. RGTI carries a Value Score of F. Image Source: Zacks Investment Research The Zacks Consensus Estimate for Rigetti's 2025 earnings implies a significant 86.1% rise from the year-ago period. Image Source: Zacks Investment Research The stock currently carries a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report IonQ, Inc. (IONQ) : Free Stock Analysis Report Rigetti Computing, Inc. (RGTI) : Free Stock Analysis Report D-Wave Quantum Inc. (QBTS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-06-2025
- Business
- Yahoo
Power-Plant Builder Tops Buy Point, Earning Encore As Stock Of The Day
Heavy construction company Quanta Services broke out past a buy point Tuesday. Houston-based Quanta is one of the highest-rated stocks in IBD's heavy construction industry group, which has hoisted itself into the top 40 of IBD's 197 group rankings. The company specializes in construction services for utility companies.
Yahoo
30-05-2025
- Business
- Yahoo
2 Cash-Producing Stocks with Promising Prospects and 1 to Be Wary Of
While strong cash flow is a key indicator of stability, it doesn't always translate to superior returns. Some cash-heavy businesses struggle with inefficient spending, slowing demand, or weak competitive positioning. Cash flow is valuable, but it's not everything - StockStory helps you identify the companies that truly put it to work. That said, here are two cash-producing companies that reinvest wisely to drive long-term success and one that may face some trouble. Trailing 12-Month Free Cash Flow Margin: 5.1% Boasting partnerships with media franchises like Marvel and One Piece, Funko (NASDAQ:FNKO) is a company specializing in creating and distributing licensed pop culture collectibles. Why Should You Dump FNKO? Products and services have few die-hard fans as sales have declined by 10% annually over the last two years Earnings per share fell by 15% annually over the last five years while its revenue grew, showing its incremental sales were much less profitable Waning returns on capital from an already weak starting point displays the inefficacy of management's past and current investment decisions Funko is trading at $4.25 per share, or 20.2x forward P/E. If you're considering FNKO for your portfolio, see our FREE research report to learn more. Trailing 12-Month Free Cash Flow Margin: 6% A construction engineering services company, Quanta (NYSE:PWR) provides infrastructure solutions to a variety of sectors, including energy and communications. Why Should You Buy PWR? Backlog has averaged 23.1% growth over the past two years, showing it has a pipeline of unfulfilled orders that will support revenue in the future Forecasted revenue growth of 10.3% for the next 12 months indicates its momentum over the last two years is sustainable Earnings per share grew by 22.4% annually over the last two years and trumped its peers Quanta's stock price of $337.67 implies a valuation ratio of 32x forward P/E. Is now the right time to buy? See for yourself in our comprehensive research report, it's free. Trailing 12-Month Free Cash Flow Margin: 20.2% Started as a two-man shop dating back to the 1860s, Armstrong (NYSE:AWI) provides ceiling and wall products to commercial and residential spaces. Why Does AWI Stand Out? Solid 9.2% annual revenue growth over the last two years indicates its offering's solve complex business issues Highly efficient business model is illustrated by its impressive 24.6% operating margin Strong free cash flow margin of 19.6% enables it to reinvest or return capital consistently At $155.98 per share, Armstrong World trades at 21.8x forward P/E. Is now a good time to buy? Find out in our full research report, it's free. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today for free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
