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ROCHESTER, N.Y. - TranscribeGlass, a Connecticut-based company specializing in real-time speech-to-text transcription solutions, has placed multiple follow-on orders for Vuzix Z100 smart glasses, according to a press release statement from Vuzix Corporation (NASDAQ:VUZI) on Monday. The company, currently valued at $234 million, has seen its stock surge over 108% in the past year, according to InvestingPro data.
The orders come in response to increasing demand for TranscribeGlass’s AI-powered real-time transcription service, which is designed to improve accessibility for individuals who are deaf or hard of hearing.
The transcription technology delivers speech-to-text conversion with latency under 300 milliseconds and operates via Bluetooth connection to a user’s smartphone or tablet. The system functions in both quiet and noisy environments and includes speaker identification features for group conversations.
"These follow-on orders reflect the strong market response we’ve received since our solution launch," said Madhav Lavakare, Founder and CEO of TranscribeGlass in the announcement.
Paul Travers, President and CEO of Vuzix, stated that the Z100 smart glasses provide "a perfect foundation for TranscribeGlass’s advanced AI transcription technology."
Vuzix Corporation, founded in 1997, designs and manufactures smart glasses and augmented reality technologies for enterprise, medical, defense, and consumer markets. The company holds more than 425 patents and patents pending in the fields of optics, head-mounted displays, and augmented reality wearables.
The financial terms of the orders were not disclosed in the announcement.
In other recent news, Vuzix Corporation has been added to the Russell 3000 Index, effective June 27, 2025. This inclusion will also place Vuzix in the small-cap Russell 2000 Index, enhancing its visibility among institutional investors. In another development, Vuzix announced a collaboration with Sphere Technology Holdings to integrate Sphere’s AI-powered mixed reality platform with Vuzix M400 and M4000 smart glasses. This integration aims to improve hands-free workflows and decision-making capabilities for frontline workers. Additionally, Vuzix has partnered with Wyr.ai to introduce an AI-driven quality assurance platform for Fortune 500 companies, enhancing inspection processes with Vuzix M400 smart glasses. Vuzix also teamed up with German startup Ramblr to enhance the functionality of its smart glasses with Ramblr’s video intelligence capabilities. These partnerships reflect Vuzix’s ongoing efforts to expand its technology offerings and strengthen its position in the smart glasses and augmented reality market.
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