ROCHESTER, NY, Sept. 1, 2016 /PRNewswire/ - In 2015, global
logistics giant DHL, in cooperation with DHL customer Ricoh,
successfully completed a pilot program utilizing Vuzix (NASDAQ:
VUZI) and Google augmented reality (AR) smart glasses with Ubimax
software in a warehouse in the Netherlands. Dubbed "vision
picking," the technology allows employees to use hands-free
scanning technology and information displayed on the smart glasses
to efficiently pick, scan and move orders. The results showed
strong approval amongst employees, while reducing error rates and
improving picking speed in warehouse operations, resulting in a 25
percent increase in efficiency, according to DHL. A video
showcasing the technology is available at:
https://www.youtube.com/watch?v=I8vYrAUb0BQ.
On Wednesday, DHL Supply Chain issued news stating that the
picking pilots are being expanded over the next six months across
different industries, including technology, retail, consumer and
automotive, to evaluate broader implementation of the
technology. Pilot sites will span the Netherlands, United States, Mainland Europe and the
United Kingdom.
This is good news for Vuzix for both brand recognition and
sales, as its M100 and next generation M300 Smart Glasses are
integral to the expansion program. Equipped with Ubimax's
vision picking X-Pick software, Vuzix's M100 Smart Glasses
delivered strong productivity results. The new M300 series
features advanced technologies, leading Vuzix President and CEO
Paul Travers to state today that he
expects to see "even stronger ROIs and translate into productive
implementation" for users of the technology.
Late in July, Ubimax received the first European shipment of the
M300 Smart Glasses, providing Ubimax customers like DHL and Daimler
an opportunity to preview the advanced features of the wearable
devices. Ubimax is one of a select group of companies chosen
as a Vuzix Industrial Partner (VIP), an invitation only group of
Vuzix' most successful M100 software application developers.
Vuzix is emerging as a market leader in the rapidly growing
fields of AR and VR (virtual reality). Pokémon Go has
exemplified the explosive nature of AR, but games are only one
component of the potential for an AR/VR market that Goldman Sachs
estimates will reach at least $80
billion by 2025. Early investors are embracing the
industry, as shown by $3.5 billion in
investments by venture capital firms in the past two years.
Realistically, it is impossible to prognosticate just how large
the nascent AR/VR market could become because of the countless
potential applications. Signs are pointing to AR being a game
changer in the logistics and transportation industry, an industry
that accounted for $1.45 trillion in
spending in 2014 in the U.S. alone (8.3% of annual GDP), according
to the Commerce Department.
To learn more about Vuzix, its position in the space or to read
the Vuzix press release on the DHL Supply Chain, interested parties
are encouraged to visit: https://www.vuzix.com/News.
Investor and Media Relations Contact:
Andrew Haag Managing Partner IRTH Communications
vuzi@irthcommunications.com
1-866-976-4784
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SOURCE Vuzix