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Turning Focus Towards Vuzix Corporation (VUZI)

Another contract for augmented reality (AR) glasses was awarded to Vuzix Corporation (NASDAQ: VUZI), which helped to boost stock prices this week. The value of a VUZI share at the July 13 trading was $7.07.

Last week, independent provider LogistiVIEW won a $350,000 contract on behalf of VUZI. Vuzix glasses were acquired by an unknown customer to handle logistics and inventories.

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Although the client’s identity is kept a secret, it is known that it is a significant American store with international operations. The client was searching for ways to streamline supply chains, including better warehouse inventory management.

In order to do this, the store selected a software and hardware complex for LogistiVIEW Vision Plus, which automates warehouse workers’ tasks and lessens the influence of the human component. This complex virtually eliminates the possibility of mistakes occurring during shipping assembly.

This is accomplished, among other things, by using the Vuzix M400 augmented reality glasses. In the warehouse, for instance, they may project the most strikingly restrictive or permissible signals straight onto a specific box.

In this approach, even a brand-new worker may do the task successfully on their first day in a warehouse or order pickup center. The management of LogistiVIEW believes that products based on Vuzix technology have enormous potential, and the business anticipates a rise in sales as a result.

Various Vuzix Corporation (VUZI) AR glasses versions are now utilized in industrial, remote maintenance, and logistics. Medical facilities are a significant consumer of Vuzix glasses; they are employed in waiting areas, first aid stations, and for performing difficult jobs like surgery.

Over the previous 12 months, the company’s share price dropped by -54.21 percent. The stock price increased 29.70 percent over the last 30 trades while falling -7.51 percent during the previous 5 deals. However, the share price dropped by -16.67% during the previous six months, while its price increased by 24.55% over the preceding three months.

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