Vuzix Corporation · NASDAQ:VUZI
Vuzix — Investor Presentation (September 2014)
31 slides from Vuzix's investor presentation, Sep 10, 2014
Slide 1: Corporate Overview September 2014
Paul Travers President Vuzix Corp. ( OTCQB : VUZI) Corporate Overview September 2014
Slide 2: Cautionary Note Regarding Forward Looking Statements
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, uncertai
Slide 3: Vuzix Background
3 Vuzix Background • Founded 1997 - Worldwide Operations • Leading supplier of Wearable display technology • Cornerstone IP and Patent Portfolio - 39 patents and 10 patents pending • Employees - 30 total with 12 engineering staff • Award - winning Technology and Design - Immersive Viewing, Virtual R
Slide 4: Wearable Technology from Enterprise to Entertainment
4 Wearable Technology from Enterprise to Entertainment The Wearable Technology Revolution: • ABI Research forecasts the wearable computing device market will grow to 485 m illion annual device shipments by 2018 • More than 75 million of these will be wearable display, creating a >$15 billion product
Slide 5: Vuzix CEO Featured on Fox Business Opening Bell
5 Vuzix CEO Paul Travers Featured on Fox Business’ Opening Bell with Maria Bartiromo Recorded August 2014 – available at: http :// www.executiveinterviews.com/delivery/v1/mini/default.asp?order=U15738US
Slide 6: Why Wearable Displays?
6 Why Wearable Displays? The Solution ▪ Video glasses afford big screens in a compact, wearable package ▪ Wearable interactive displays can connect the cloud to the real world (AR) ▪ The perfect hands - free mobile phone display screen for private viewing anytime, anywhere The Challenges – But its n
Slide 7: Vuzix is an Industry Leader with Extensive Experience
7 Vuzix is a Industry Leader with Extensive Experience Current Line of Wide Screen Video Glasses ▪ 75 inch virtual screens ▪ All digital HDMI electronics ▪ Full 3D Blue - ray support ▪ Virtual Reality Glasses ▪ Includes head tracker ▪ Limited by technology to standard definition, today CES Industry
Slide 8: Vuzix M100 Smart Glasses Features – Focused on Enterprise
8 Vuzix M100 Smart Glasses Features – Focused on Enterprise • Hands - free wearable display, computing & communications platform • WQVGA digital see - through display • 1080p camera • Earbud & Microphone • Inertial Sensor • Compass & GPS • Voice Recognition • Gesture Recognition • WiFi & Bluetooth •
Slide 9: M100 Software Developer Community
9 M100 Software Developer Community:
Slide 10: …. And Growing
10 …. And Growing • Partnerships from streaming video to sales channels and the developer community
Slide 11: Applications For Smart Glasses And Augmented Reality
11 Applications For Smart Glasses And Augmented Reality Real Time, Hands Free, Info on Tap, Image/Video Capture, Scan Code Reading and More…
Slide 12: Smart Glasses for Warehouse and Inventory Management
12 Smart Glasses for Warehouse and Inventory Management SAP in action at Bosch AND Bechtle Installations As easy as 1 - 2 - 3 - 4 Done! 1 - Scan in 2 - Scan source 3 Scan product 4 Scan handler * Can be as much as 2 x faster and significantly more accurate 5 Done
Slide 13: SAP and Vuzix: The future of Field Service
13 SAP and Vuzix : The future of Field Service SAP has multiple applications in final test and about to release for the M100 Warehousing to Field Service http:// www.youtube.com/watch?v=UlpGDrSmg38
Slide 14: Building Eco-System and Taking Orders NOW!
14 Building Eco - System and Taking Orders NOW!
Slide 15: NTT Docomo Commercial Use
15 NTT Docomo Commercial Use Language Translation Visual and Voice Facial Recognition and Face Tracking Open Mobile Alliance
Slide 16: The Form Factor Needs Improvement for the Mass Markets
16 The F orm F actor Needs Improvement for the Mass Markets • One of the most frequent questions I get: When will Vuzix finally hire a fashion ID firm? Its not that easy • Conventional refractive and reflective optics simply have limits Conventional Optics for Video Viewers & Gaming First Cell Phone
Slide 17: But Smart Glasses are just getting started
17 But Smart Glasses are just getting started Mass Market
Slide 18: New Approaches are needed; Waveguide Optics
18 New Approaches are needed; Waveguide Optics • Waveguides are a revolutionary way of moving light Image is injected into a 1.4mm thin waveguide like a fiber optic Not bent through bulk material like conventional optics • Provides a significant improvement in Mass, cost, volume, simplicity and opti
Slide 19: Purpose built Waveguide Optics for fashionable Smart Glasses
19 Purpose built Waveguide Optics for fashionable Smart Glasses • New Rochester manufacturing facility operational 9/2/2014 • Proprietary Nano - Imprinting for Low Cost Manufacturing • HD very thin optics with large FOVs • Easily scalable to mass market levels
Slide 20: A Day in the Life of Cloud Connected You…
20 A Day in the Life of Cloud Connected You… http://sidv.co/author/sid/ Images: Siddharth Vanchinathan
Slide 21: Vuzix first waveguide solution M2000AR for enterprise
21 Vuzix first waveguide solution M2000AR for enterprise • First waveguide based solution • Ruggedized for industrial applications • 720p display and 1080p camera • M2000AR – currently HDMI connection • Programmable electronic shutter adjusts for indoor/outdoor use
Slide 22: Smart Glasses – B Series for Enterprise and Consumer
22 Smart Glasses – B Series for Enterprise and Consumer • Vuzix Waveguide based optics engine • First binocular fashion - wear smart glasses coming mid 2015 • Hands - free operation by voice and gesturing • Run apps onboard or on a paired Android or iOS device • qHD displays and 1080p camera • Wirel
Slide 23: Transition to Smart Glasses and HD
23 Smart Glasses – B Series HD Gaming/Viewing Smart Glasses – M Series 2000 – 2012 To Recap: 2015 will complete a transition to Smart Glasses and HD Bulky Legacy Solutions 2015 Forward A Step Change in Technology Going From Bulky Football Helmets to Fashionable Glasses
Slide 24: Going to Market Globally
24 Going to Market Globally • US – Multi - year history with Direct accounts and major national distributors • EMEA – Distributors and VARs in 30+ countries • Web store with fulfillment and warehouses in US, UK, EU, and Japan • Apple.com has offered in over 22 EU countries • Exploring new market sec
Slide 25: Interim Financial Data – months ended June
25 Interim Financial Data – 6 months ended June 30 *Numbers in thousands excluding EPS 6 Mths June 30, 2014 6 Mths June 30, 2013 Total Sales $ 1,522 $ 1,439 Cost of Sales 913 744 Gross Margin 609 695 Operating Expenses 2,527 2,509 Operating (Loss) (1,918) (1,814) Interest and Other - 155 - 485 Gain
Slide 26: Balance Sheet
26 Balance Sheet *Numbers in thousands June 30, 2014 Dec 31, 2013 ASSETS Cash $ 1,971 $ 310 Accounts Receivable 166 215 Inventory & Prepaids 978 1,155 Current Assets 3,115 1,680 Net Fixed Asset & Intangibles 1,726 1,182 TOTAL ASSETS 4,841 2,862 Current Liabilities 3,115 3,661 Long - term Debt 1,237
Slide 27: Capitalization Table
27 Capitalization Table Recent Events : • 705,196 warrants exercised from during first 6 months of 2014, with cash proceeds of $1,586,691 • Convertible debt of $3,000,000 issued on June 3, 2014 – 5% coupon, due June 2017 • Pricing resets features on remaining warrants and convertible debt driving de
Slide 28: Vuzix Objectives
28 Vuzix Objectives • Releasing new features for M100 industrial users that include Nuance based voice control local and 44 languages, touch - less 3D gesturing, line of fashion prescription eyewear and safety glass mounts • Opening App store for M100 Enterprise and Prosumer apps • Launch Gen 2 M100
Slide 29: Executive Management
29 Executive Management Paul J. Travers, Founder and President and Chief Executive Officer More than 25 years experience in the consumer electronics field, and 20 years experience in the virtual reality and virtual display fields with Vuzix being his third successful startup Grant Russell, EVP and C
Slide 30: Vuzix Investment Highlights
30 Vuzix Investment Highlights • Acknowledged as one the world leaders in Smart Glasses, established over the last 20 years, 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 • Strong R&D plan
Slide 31: www.vuzix.com
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