Paul Travers is the Founder and CEO of Vuzix, a Rochester-based company and the leading supplier of Smart-Glasses, Augmented Reality (AR) and Virtual Reality (VR) technologies and products for the consumer and enterprise markets. Paul was one of the top Upstate NY entrepreneurs who spoke at the 2016 Upstate Unleashed Conference. In case you missed it, here's his presentation. The next Upstate Unleashed & 2017 Venture Ecosystem Awards will be held on September 19 at the Marriott Syracuse. For tickets, agenda and awards nominations, go to UVC.org.
2. Cautionary Note Regarding Forward Looking Statements
Certain statements included in this presentation may be considered forward-looking. All statements in this presentation that are not historical
facts are forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual
results, performance or achievements to be materially different from those implied by such statements, and therefore these statements should not
be taken as guarantees of future performance or results. We may use words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “could,”
“seeks,” “estimates,” and variations of such words and similar expressions in identifying forward-looking statements. The forward-looking
statements herein include, but not limited to, statements concerning: our possible or assumed future results of operations; our business strategies;
our ability to attract and retain customers; our ability to sell additional products and services to customers; our cash needs and financing plans; our
competitive position; our industry environment; our potential growth opportunities; expected technological advances by us or by third parties and
our ability to leverage them; the effects of future regulation; and the effects of competition. These statements are based on our management’s
beliefs and assumptions and on information currently available to our management. It is important to note that forward-looking statements are
not guarantees of future performance, and that our actual results could differ materially from those set forth in any forward-looking statements.
Due to risks and uncertainties, actual events may differ materially from current expectations. For a more in-depth discussion of these and other
factors that could cause actual results to differ from those contained in forward-looking statements, see the discussions under the heading "Risk
Factors" in the Company’s most recent annual report on Form 10-K and other documents that the Company has subsequently filed with the SEC.
Vuzix disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by law.
NASDAQ: VUZI2
3. Vuzix Background
● Founded in 1997
● Leading supplier of wearable display technology
- Initially focused on US defense markets (division
sold in 2012)
● 43 patents and 23 patents pending or in process
● 45 total employees with 22 engineering staff
● Revolutionary wearable display products for
enterprise and consumer
● Major Shareholders
- Intel Corporation – 23.5%
- CEO & CFO – 22%
NASDAQ: VUZI3
4. Wearable Technology – The Revolution is Just Beginning
The market opportunity is expected to be huge:
● The AR/VR market could hit $120B revenue by 2020, with AR taking the lion’s share at approximately
$90 billion and VR at approximately $30 billion.
For AR in the form of Smart Glasses - Enterprise will Adopt First
● Industry research predicts that enterprises will outpace consumer adoption
- The number of US workers that use smart glasses will grow from 400k in 2017 to 14.4M in 2025
- With Enterprises spending $30B+ on smart glasses hardware
● The reason: Good ROIs are being demonstrated in enterprise (productivity of hands free info access)
- Millions of field service, warehouse, maintenance, inspection, and other enterprise users can benefit
from hands free smart glass solutions
● Users can benefit from all day wear-ability; lightweight and hands-free
NASDAQ: VUZI4
5. Vuzix M100 Smart Glasses – Focused on Enterprise
● Hands-free wearable display, computing, and communications platform
● Digital see-through display with 1080p camera
● Earbud & microphone
● Inertial sensors, compass & GPS
● Voice recognition, gesture recognition
● Wi-Fi & Bluetooth
● Based on Android and now Running OS 2.0
with iOS and Android compatibility
● Runs thousands of Android apps
● Thousands of M100s sold to enterprise
customers
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6. Enterprise Applications for Smart Glasses
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Real Time, Hands-free, Info on Tap, Image/Video Capture, Scan Code Reading and More…
7. Moving from Initial Trials to Rolling out Programs
NASDAQ: VUZI7
● Examples in field service, warehousing, telemedicine, manufacturing QA and more….
● The bigger the partner the longer it takes
8. ● Vision picking enables hands-free order picking and greatly
increases productivity
● 25% improvement in efficiency over alternative picking methods
● Improved picking accuracy
● Satisfied and engaged employees
● Reduced training time and language dependency
NASDAQ: VUZI8
LOGISTICS - DHL Warehouse Vision Picking
10. ● DHL is now expanding with top branded partners around the world going live over the next 4 months
● Since announcing the expansion DHL has a large pile of customers wanting to deploy….
NASDAQ: VUZI10
The tip of the Iceberg
11. Vuzix Partners are Some of the Largest Companies in the World
● Intel $25M investment, SAP for Enterprise, DHL, Airbus, Lee…..
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Tool ProvidersSystem IntegratorsCustomersVARs
12. Next Generation Enterprise Smart Glasses - M300
● M300 – Non see thru using conventional prism
● Being manufactured for us by new tier 1 partner
● Highlights:
- Intel Inside: 4X the speed of current Smart Glasses
- Ruggedized and designed for 24/7 operation
- Hot swap batteries
- 4X the image resolution of current Smart Glasses
- Dual Band Radios 2.4 and 5 GHz
- Significant reduction in power consumption
- Newest version of Android 6.0
- Available with a full suite of mounts
NASDAQ: VUZI12
M300
14. CONSUMER: Vuzix iWear Video Headphones
NASDAQ: VUZI14
WINNER OF 4 CES 2015 AWARDS
● Next-gen video headphones
- Beats-style headphones with a 125” hi-def video experience
- More powerful than mobile video/VR solutions without complex
requirements (i.e. Oculus Rift)
● No need for custom content and 100% HDMI 3D compliant
● Works with most HDMI source including:
- Consoles, smartphones, drones, Blu-ray, PC, and Mac
● VR capable with tracking, audio, and microphone
● High precision patent pending optics for gaming to work
15. Drones
Markets
Drones are being used in many diverse areas like boosting crop yields,
verifying insurance claims, inspecting powerlines and assisting in future
Hollywood blockbusters in a business that’s due to boom by more than
6,000 percent by the end of the decade.
The global market for commercial applications of drone technology,
currently estimated at about $2 billion, will balloon to as much as $127
billion by 2020, consulting group PricewaterhouseCoopers LLP said in a
report published in May of this year.
Drone Racing
“There are now more than 100K registered drone racers compared to only
about 10K just a few short months ago.
“The clearest and biggest field of view I have ever seen in an FPV goggle,
breathtaking Flying experience especially when flown with Connex HD
FPV system"
"The Vuzix iWear is a game changer in drone racing. Combined with
Amimon Connex's ProSight 720p HD camera and transmitter, the iWear
erases the latency and IPD issues that many goggles experience. With 5-7
milliseconds of latency and crystal clear vision, iWear will make pilots
faster, races quicker, and a more immersive experience for online viewers."
NASDAQ: VUZI15
16. It’s a Good Start but…
NASDAQ: VUZI16
Carl Zeiss
Cinemizer
Sony
HMZ
Epson
Moverio
Google
Glass
Kopin
Golden-I
Oculus
Rift
● Technological innovation focuses on functionality before form
- Mass adoption, especially among consumers, will require both
- First commercially available cellphones lacked any aesthetic appeal
- For the Mass Market the technology needs to improve (disappear)
First Cell Phone
Conventional
Optics for Video
Viewers & Gaming
Conventional
Options for Smart
Glasses
17. Vuzix Technology and IP
Waveguides (patented) that allow true eyeglass form factors
● Revolutionary way to move light and magnify
● 1.4mm thin and shrinks display engine, so not bulky like
conventional optics
● Significant improvements in weight, size, cost, and optical
performance
Purpose Built Waveguide Optics for Fashionable Smart
Glasses
● New Rochester manufacturing facility operational Spring 2016
● Proprietary nano-imprinting for low cost manufacturing
● Thin HD optics with large FOVs
● Scalable to mass market levels
● Patented technology within our portfolio consists of 40 patents
and 23 pending
NASDAQ: VUZI17
Conventional Optics
Waveguides
18. Smart Glasses – AR 3000 for Enterprise and Consumer
NASDAQ: VUZI18
● Vuzix waveguide-based optics
● First binocular fashion-wear smart glasses
● Hands-free operation by voice and gesturing
● High resolution displays and 1080p camera
● Designed to support Augmented Reality applications
● True eyeglass styling to “cross the chasm” to the mass market
● Plan to introduce in early 2017
19. Technology Evolves: Day in the Life of Cloud Connected You…
http://sidv.co/author/sid/
Images: Siddharth Vanchinathan
19
21. Put together to create amazing experiences
like Infinity AR’s vision of the future
22. Vuzix Highlights
● Strategic investment and partner with Intel Corporation (23.5% owner)
● Acknowledged as one the world’s leaders in Smart Glasses, and at the
front-end of market opportunities in the billions of dollars
● Extensive cornerstone IP and technology base in wearable displays and
smart glasses
● Evolution to waveguides has started at Vuzix:
- Optics are critical and Vuzix believes that it has a leading position over
even the largest players
● Strong R&D plan and product roadmap to commercialize
next generation technology for both Vuzix and potential
third party OEMs and licensees
● Experienced team with a clear vision of the important
role that wearable displays will play in the future
● Partnerships with leading technology companies
NASDAQ: VUZI22
23. THANK YOU
Investor Relations:
IRTH Communications
Andrew Haag
866-976-4784
vuzix@irthcommunications.com
Contact:
Vuzix Corporation
585-359-5000
http://www.vuzix.com/
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