philip lelyveld The world of entertainment technology

Commercial Augmented Reality Is Where Vuzix Should Reward Shareholders

Before I go any further, I recommend readers take a look at this video.

It is a YouTube video uploaded by user LeeCompany, which is the account of US-based residential and commercial contractor company Lee Company. The video feels a little staged and production isn’t great but it serves to visually illustrate the kind of application that augmented reality smart glasses have in the commercial world. In this instance, an on-location contractor calls into a central location and uses smart glasses he is wearing to get help from a centrally located operator with the job in hand.

The operator makes a couple of recommendations and the contractor highlights the fact that he initially needed somebody to support him in the field, but no longer requires physical assistance because of help the operator was able to give him remotely. Staged or not, the takeaway here is that this sort of technology can save a company money.

As the company in question, Lee Company, points out here, the ROI on its smart glasses outlay (which came in at 500 pairs purchased as of January this year) amounts to $20.11 for every $1 invested in the technology.

This is relevant from an industry perspective and in terms of how Vuzix can expand into this commercial side of the wearables space. But the relevance doesn’t end there – the glasses that the Lee Company is using are Vuzix models.

Specifically, they are the M100 model.

See the full story here: https://seekingalpha.com/article/4086739-commercial-augmented-reality-vuzix-reward-shareholders