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Friday, December 2, 2022

Vuzix Receives $7.1 Million Order for Smart Glasses in Advance of Global Security Product Rollout

Supplier of smart glasses and augmented reality (AR) technology and products, Vuzix, has entered into a reseller agreement with SWORD. Vuzix also received a $7.1 million purchase order representing over 10,000 units of Vuzix Blade® Smart Glasses in advance of the global rollout of the SWORD™ Enterprise security product.

The SWORD Enterprise solution is a mobile-based threat detection system with multi-tier technologies for concealed weapons detection, facial recognition and gunshot detection. Vuzix Blade Smart Glasses will be included in each SWORD Enterprise system. The Blade’s see-through display enables security personnel to quickly and inconspicuously receive real time critical threat notifications through a hands-free scanning device while navigating various environments.

Volume deliveries under the purchase order are currently expected to begin in Q3-2020 and ramp throughout the year into the first half of 2021 as SWORD’s customer orders and product deployments are finalized.

Vuzix’s purchase commitment from SWORD requires payment to Vuzix in advance of Blade deliveries, and SWORD Enterprise orders are expected to be pre-funded by required customer deposits. In addition to the purchase order, SWORD also expects to purchase initial quantities of Blades in early 2020 for testing and customer evaluation.

Customers of the SWORD Enterprise solution include professional sporting arenas, public safety providers, security firms, banks, public schools, airports, federal agencies and telecommunications providers.

“The combination of technology offerings between Vuzix and SWORD has all the makings of a disruptive and game changing product offering for public safety and the security industry,” said Paul Travers, President and Chief Executive Officer at Vuzix. “We have been working closely with SWORD over the last several months and are excited to support this solution.”

In June, Vuzix teamed with NNTC, a Dubai-based software developer, to create iFalcon Face Control Mobile, a fully autonomous AI-powered face recognition system integrated with Vuzix Blade Smart Glasses. The combination of technologies enable security and law enforcement officer to discretely screen a crowd to match faces against a database of violators, missing people or suspects. The portable computer processes face images and compares them with faces from the database stored locally to find the match.  Once there is a match, the solution retrieves relevant information from the database and instantly sends an alert to the wearer via the Vuzix Blade AR Smart Glasses.

Read more at Vuzix

Homeland Security Todayhttp://www.hstoday.us
The Government Technology & Services Coalition's Homeland Security Today (HSToday) is the premier news and information resource for the homeland security community, dedicated to elevating the discussions and insights that can support a safe and secure nation. A non-profit magazine and media platform, HSToday provides readers with the whole story, placing facts and comments in context to inform debate and drive realistic solutions to some of the nation’s most vexing security challenges.

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