Robotiques Broadens its Portfolio with Vuzix Smart Glasses – TipRanks

Vuzix Company (NASDAQ: VUZI) has bagged an preliminary order worth $300,000 for its smart glasses from Robotiques Cyborg, a France-based mostly multi-nationwide distributor of extreme-know-how options.

Vuzix engages Inside the design, manufacture, advertising, sale And current of augm…….

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Vuzix Company (NASDAQ: VUZI) has bagged an preliminary order worth $300,000 for its smart glasses from Robotiques Cyborg, a France-based mostly multi-nationwide distributor of extreme-know-how options.

Vuzix engages Inside the design, manufacture, advertising, sale And current of augmented actuality wearable current models. Shares of Vizix have misplaced 27.2% So far this yr.

By including Vuzix’s smart glasses to its portfolio of distributed options, Robotiques Cyborg believes that its consumers can decrease CO2 emissions by conducting conferences remotely, eradicating the language barrier and enabling administration of sure robots with the glasses.

Vuzix’s President and CEO, Paul Travers, said, “We’re thrilled to be partnering with Robotiques Cyborg, who Can’t solely current us with new and numerous distribution alternatives, However in addition combine our smart glasses into the set up and servicing course of for numerous robotic options. We look forward to supporting their efforts To assist their buyers obtain aggressive advantages withInside their respective enterprise verticals.”

Inventory Rating

Final month, Dawson James analyst James McIlree primarytained a Buy rating on Vuzix with a worth goal of $15 (128.7% upside potential from current ranges).

“Our $20.4 million income estimate for 2022 assumes the core Vuzix smart glasses enterprise can develop about 20% and An further $5 million Shall be generated from logistics buyer(s) deploying the Vuzix smart glasses reply in a quantity of warehouses this yr,” Mcllree said.

The analyst believes that the introduced orders “from primary buyer(s) Shall be An monumental catalyst for the shares.”

The Reprimaryder of The road is cautiously optimistic Regarding the stock and has a Common Buy consensus rating based mostly on two Buys and one Maintain. Vuzix’s average worth goal of $13 implies 98.2% upside potential to current ranges.

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Source: https://www.tipranks.com/news/robotiques-broadens-its-portfolio-with-vuzix-smart-glasses/

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