Breaking News
Usage of Vuzix M400 Smart Glasses to Remotely Monitor COVID-19 Patients and Collaborate with Medical Staff Continues to Expand
Vuzix glasses are now being used by doctors in the Johns Hopkins Hospital ICU for training and conducting remote virtual patient rounds in response to COVID-19
ROCHESTER, N.Y., May 8, 2020 /PRNewswire/ — Vuzix® Corporation (NASDAQ: VUZI), (“Vuzix” or, the “Company”), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, today announced that another leading hospital’s team of doctors is successfully using the Vuzix M400 Smart Glasses to facilitate patient care.
Full News Release- https://finance.yahoo.com/news/usage-vuzix-m400-smart-glasses-131600803.html
Vuzix Tele-Medicine and Their Role in the COVID 19 Battle
VUZIX issued a press release yesteray May 7th, 2020.
Zoom for Healthcare Now Supported on Vuzix Smart Glasses for HIPAA-Compliant Telemedicine Videoconferencing
Good day everyone,
We are continuing our coverage of Vuzix Corporation (NASDAQ: VUZI), a company that designs, manufactures, markets and sells augmented reality (AR) wearable display and computing devices.
Opening price at the time of our report $1.90/share
Current price $2.25 per share
High of the day (HOD) $2.78 per share
VUZI shares have seen nice gains today (high of $2.78 +50%) in heavy trade volumes, as investors react to the news of support from ZOOM in the use of Vuzix smartglasses in the treatment of COVID 19 cases. It has been a good day for our members.
Vuzix just announced support of Zoom Healthcare, a HIPAA/PIPEDA-compliant conferencing application, for Vuzix M-Series and Vuzix Blade® Smart Glasses. Vuzix has received numerous requests from hospitals and healthcare organizations interested in leveraging Zoom for Healthcare in their day-to-day business operations with smart glasses.
The Zoom connector application from Vuzix provides Zoom for Healthcare customers with the ability to connect to the service through an interface developed specifically for Vuzix smart glasses that allows them to login, connect and share point-of-view, fed real-time from the camera of Vuzix smart glasses.
The Vuzix connector app is not only optimized for one-to-one support calls but also one-to-many, which allows remote medical professionals to share what they are seeing with all the users that have joined the meeting simultaneously.
Think of the implications. A Covid 19 patient could be seen by one healthcare professional and the encounter could be viewed by the facility’s complete staff without the risk of infection. That is the obvious benefit.
Beyond reducing infection levels to healthcare professionals, this new dynamic could allow the scientists in the biopharma sector, working on a treatment or vaccine for Covid 19, to view patients in clinical trials in real time.
This support from Zoom Healthcare may act as a catalyst for VUZI shares as well as creating a new potential standard for Covid 19 patient care.
Vuzix smartglasses are currently being used in Thailand specifically in the care of COVID-19 patients. Thailand-based Tely360, a software integration partner of Vuzix, presented their solution to Chakri Naruebodindra Medical Institute at the Faculty of Medicine Ramathibodi Hospital, Mahidol University, one of the main sites in Thailand used for the quarantine of COVID-19 patients. Tely360’s Ambulance 3rd Eye module, used with the Vuzix Blade, aids in the communication between healthcare personnel working in a negative pressure room and physicians outside the room.
Vuzix has won Consumer Electronics Show awards for innovation for the years 2005 to 2020 and several wireless technology innovation awards, among others.
Covid 19 has been with us for about 10 weeks now and has been devastating as the world healthcare system was unprepared for it. As the number of new cases is going down in certain areas, the world is relaxing social distancing and other preventative restrictions. If we believe the scientists, the potential for a second, stronger wave of Covid 19 may come in the fall. Our ability to mitigate the impact of that scenario will depend on the treatments and technologies we develop in the interim. We believe VUZI could play a positive role in that endeavor.
Sizable Short Interest
VUZI has a significant level of short interest (12.04% of the float). As the company’s share price gains, the short interest may have to scramble to buy shares (short squeeze) to cover those short positions. This could have the impact of driving a company’s shares to new heights.
The Traders News Group
original report below
VUZI Has Tools for the Future of Healthcare
Golden cross formation on the chart, Oversold, Low float, Tele-medicine & wearable tech are both HOT sectors
Good day everyone,
We are initiating coverage of Vuzix Corporation (NASDAQ: VUZI), a company that designs, manufactures, markets, and sells augmented reality (AR) wearable display and computing devices.
Current price $1.75 per share
Outstanding (est.) 33.1 million shares
Float (est.) 27.4 million shares
% Held by Insiders and Institutions approx. 28%
Cash on hand most recent quarter $10.61M
52-week range $.86 to $5.00
We have been watching VUZI shares for a while and feel like right now could be the time to talk about the shares given the current price. After bottoming out in mid-March, VUZI shares have gained some traction, eclipsing their 50 DMA of $1.41 and closing in on their 200 DMA of $1.95. A break past $1.95 may create a catalyst for the company shares to seek a new, higher resistance level.
Trading volumes were strong through April and the shares are leading their SMA 20, both potential indicators of trending shares.
VUZI shares are trading 65% off their 52-week high.
11.9% of the outstanding shares are held by insiders and 15.3% are held by institutions. Insiders with a vested interest in the company and institutions with professionals in tech investments.
Recent analysts target:
3/19/2020 Maxim Group Reiterated Rating Buy $3.50
Vuzix AR wearable display devices are worn like eyeglasses or attach to a head worn mount to view, record, and interact with video and digital content, such as computer data, the Internet, social media, and entertainment applications.
On May 5th, the company announced it has received a replenishment order for M400 Smart Glasses orders from Gemvision to support their efforts to meet COVID-19 remote healthcare needs in the Netherlands.
Two weeks ago, VUZI announced the commercial availability of a turnkey M400 Smart Glasses Remote Worker Connectivity Bundle powered by Sprint Curiosity™ IoT. The new connectivity bundle can offer COVID-19 tele-medicine support in rural hospitals, nursing homes and other remote medical facilities.
Remote healthcare and tele-medicine are the wave of the future. Many of us have already experienced tele-medicine during the Covid 19 pandemic as clinics and doctor’s offices remain somewhat closed.
By utilizing smart-glasses, nurses, EMTs and other front line healthcare providers could call and consult with a doctor while keeping their hands free to perform any treatment.
Wounds can be verbally described, but that is difficult. When a physician can view a wound, it helps greatly. The view of a patient seen by a medical professional wearing smart-glasses could be immediately shared with other members of the care team.
Patients with transmissible diseases, such as Covid 19, could be physically seen by fewer medical professionals, reducing the incidence of transmission, and reducing costs at the same time.
As we all begin to visualize what the world may look like after the Covid 19 pandemic, tele-medicine could play a regular role in healthcare. We believe VUZI could be at the forefront of that new paradigm and we believe the investment community may be evaluating that inevitability as the trend in VUZI shares indicates.
As part of your due diligence you should read this press release: https://finance.yahoo.com/news/telemedicine-usage-vuzix-m400-smart-151100219.html
VUZI offers extraordinary technology, offering benefit to the way we work and live. It is within our nature to resist wearing any kind of extraneous product on our heads (think of face masks). That aversion may be going by the wayside as we realize the benefits of minimal contact in today’s world.
In March, while addressing the current health crisis, the company stated, “there has never been a better time to work hands-free and remotely with AR smart glasses than today.”
The displays (glasses) VUZI sells can be engineered for the industries they partner with. Some partners VUZI has worked with include:
US Department of Defense
Verizon
Qualcomm
Tellus
Sprint
The VUZI intellectual property portfolio consists of over 150 patents.
VUZIX utilizes Waveguide technology. Waveguides are thin (about 1 mm), transparent, optical elements that take a projected virtual image and relay it to the eye while expanding the exit pupil (viewing window) at the same time. Waveguides are transparent, so the smart glasses do not need to be removed to complete other tasks. This is the technology that sets VUZI apart from the competition.
In a significant development, the company recently announced that their M400 Smart Glasses are now supported by Bitnamic, a German-based software company that develops smart services for remote service, inspection, and maintenance of highly complex machines. If the technician wears Vuzix M400 Smart Glasses during the live broadcast, there is no need to look at a smartphone or tablet.
Products
Vuzix Blade Smart-glasses – Blade is a new way to use smart glasses. Waveguide optics project a see-through image to the user. These advanced optics do not obstruct regular vision and allow the user to perfectly switch between the digital world and reality. Sold in two models.
M-Series Smart-glasses – The Vuzix M-Series boasts the new M400 and cost-effective M300XL. Both models are rich in features, including nHD color displays, voice control, touchpad navigation, three axis gyroscope integrated head-tracking, 64GB internal flash memory, and left or right eye use.
Vuzix Labs Smart Swim – Smart Swim™ is a head-up display for swimmers, providing workout status and information about their swim. This enables users to continue uninterrupted and reach optimum performance.
Vuzix Remote Assist – Vuzix Remote Assist (VRA) is a streaming video app optimized for the growing lineup of Vuzix Smart Glasses. VRA increases productivity and customer satisfaction by sharing information between field technicians and remote support experts.
VUZIX also sells a complete line of accessories, apps, and merchandise.
VUZI shares are closing in on their 200-day moving average of $1.95 per share after crossing their 50 DMA last month. A break past these moving averages can mean the shares are ready to find a new, higher resistance level. Recent gains have caused VUZI shares to lead their SMA 20 by 10.9%.
VUZI Chart – https://stockcharts.com/h-sc/ui?s=vuzi
VUZI, as a leader in smart-glasses technology, could be at the forefront of a worldwide trend. Their continuing improvement in their products may expand the markets available to them. We believe their shares may reflect that status in the near term.
The Traders News Group
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