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Home » Vuzix Corporation Expands Manufacturing Facility  
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Fintech

Vuzix Corporation Expands Manufacturing Facility  

By Ivy WuSeptember 27, 2023Updated:November 28, 2023No Comments3 Mins Read
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Vuzix Corporation, a prominent manufacturer of Smart Glasses and Augmented Reality (AR) technology, is expanding its manufacturing facility by tens of thousands of square feet. The company is renowned for its innovative products catering to enterprise, medical, defense, and consumer markets. The expansion is a response to growing needs for production capacity and product development.

Pending Patents by the Hundreds  

Vuzix’s product lineup includes head-mounted smart personal displays and wearable computing devices. Their product offerings address mobility, wearable displays, augmented reality solutions, and Original Equipment Manufacturer (OEM) waveguide optical components and display engines.

The company’s portfolio boasts a remarkable portfolio of more than 325 patents and pending patents, coupled with numerous IP licenses in optics, head-mounted displays, and augmented reality video eyewear.

One noteworthy subsidiary under the Vuzix umbrella is Moviynt, a certified ERP SaaS logistics solution provider. The company has consistently demonstrated its ability to churn out new products by securing Consumer Electronics Show (CES) awards for innovation every year from 2005 to 2023, along with multiple accolades for wireless technology innovation.

Founded in 1997, Vuzix is a publicly traded company listed on NASDAQ under the ticker symbol VUZI. The company operates from offices in Rochester, NY; Oxford, UK; Munich, Germany; and Kyoto and Tokyo, Japan.

New Manufacturing Facility to Drive Innovation and Growth  

Vuzix recently announced a large-scale manufacturing plant has received certification approval and is already in operation. It focuses on producing waveguide samples for both in-house projects and OEM collaborations. The inaugural waveguides will serve products based on Vuzix’s Ultralite OEM Platform SM.

Situated adjacent to the company’s headquarters, the manufacturing facility currently occupies 12,000 square feet of space and is equipped with Class 1K and 10K clean workshops. Vuzix holds the option to lease an additional 27,000 square feet of open space within the building to accommodate future product demand. This expansion complements the existing 10,000 square feet production facility at the company’s headquarters.

The new manufacturing facility aims to enhance production capacity and reduce manufacturing costs significantly. It will also drive research and development efforts in higher index materials, advanced glass substrates, and unique formulation technologies. The facility boasts extensive in-house capabilities: rapid specification design, mold production, replication, testing, system integration, and waveguide fabrication. It will accommodate the production of both small and large waveguide designs, further strengthening Vuzix’s position in the AR technology market.

The official ribbon-cutting ceremony for this state-of-the-art plant is scheduled for early December this year.

Fintech Investment
Ivy Wu

Ivy Wu was a media reporter at btw media. She graduated from Korea University with a major in media and communication, and has rich experience in reporting and news writing.

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