- Nadro sees 30% improved
picking time and 93% decline in onboarding and training
time
ROCHESTER, N.Y., April 24,
2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ:
VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart
glasses and Augmented Reality (AR) technology and products, today
announced that its partner TeamViewer, a global leader in remote
connectivity and workplace digitalization solutions, recently
published a customer success story regarding Nadro S.A. de C.V., Mexico's premier pharmaceutical wholesale
distributor. Using Vuzix M400™ smart glasses, TeamViewer Frontline
and Acuraflow's local support, Nadro has been able to improve
picking time by 30% while significantly decreasing training time
for its employees. The time for onboarding and training was reduced
by 93%, accelerating the time usually needed for employees to work
more autonomously.
The success story can be viewed directly at
https://www.teamviewer.com/en-us/success-stories/nadro/
With a fleet of 1,250 vehicles across 15 distribution centers,
Nadro distributes 51 million medical and personal care products per
month to pharmacies across Mexico,
as well as provides training and specialized services to pharmacies
to help manage their operations and inventories. Facing global
supply chain disruptions, skills shortages and economic volatility,
and with sales volumes increasing 20% to 25% annually, Nadro needed
to modernize its warehouse strategy to stay ahead of these
challenges and increased demand.
Nadro selected TeamViewer Frontline's vision picking solution
running on Vuzix M400 smart glasses to help it manage a high volume
of goods using digitalized cloud-based warehousing and picking
processes. Nadro currently has 400 pairs of Vuzix smart glasses
being rolled out to all 14 of their warehouse locations. With
improving picking and reduced onboarding and training times, Nadro
has been able to eliminate overtime and improve its employees'
work-life balance despite increasing orders.
During 2024, Nadro plans to expand its augmented reality
footprint, tripling the number of vision picking users with
AR-powered smart glasses in its warehouses, and consider use cases
beyond picking that can be digitalized and streamlined using
augmented reality.
"Vuzix smart glasses are designed for ease-of-use and all-day
wear so organizations can see maximum productivity gains as Nadro
has. Working hand-to-glove with leading partners like TeamViewer
Frontline and our local partner Acuraflow, we are committed to
delivering the hardware that makes these solutions possible," said
Paul Travers, President and CEO of
Vuzix. "We are pleased to play a role in helping global customers
such as Nadro drive competitive value and realize significant ROI
through their augmented workforce."
About Vuzix Corporation
Vuzix is a leading designer, manufacturer and marketer of Smart
Glasses and Augmented Reality (AR) technologies and products for
the enterprise, medical, defense and consumer markets. The
Company's products include head-mounted smart personal display and
wearable computing devices that offer users a portable high-quality
viewing experience, provide solutions for mobility, wearable
displays and augmented reality, as well OEM waveguide optical
components and display engines. Vuzix holds more than 375 patents
and patents pending and numerous IP licenses in the fields of
optics, head-mounted displays, and augmented reality Video Eyewear
field. Moviynt, an SAP Certified ERP SaaS logistics solution
provider, is a Vuzix wholly owned subsidiary. The Company has won
Consumer Electronics Show (or CES) awards for innovation for the
years 2005 to 2024 and several wireless technology innovation
awards among others. Founded in 1997, Vuzix is a public company
(NASDAQ: VUZI) with offices in: Rochester, NY; Munich, Germany; and Kyoto and Tokyo, Japan. For more information,
visit the Vuzix website, Twitter and Facebook pages.
Forward-Looking Statements Disclaimer
Certain statements contained in this news release are
"forward-looking statements" within the meaning of the Securities
Litigation Reform Act of 1995 and applicable Canadian securities
laws. Forward-looking statements contained in this release relate
to Vuzix Smart Glasses, TeamViewer and Acuraflow and our joint
customer Nadro, future business opportunities, productivity
improvement rates and ROI, and among other things the
Company's leadership in the Smart Glasses and AR display industry.
They are generally identified by words such as "believes," "may,"
"expects," "anticipates," "should" and similar expressions. Readers
should not place undue reliance on such forward-looking statements,
which are based upon the Company's beliefs and assumptions as of
the date of this release. The Company's actual results could differ
materially due to risk factors and other items described in more
detail in the "Risk Factors" section of the Company's Annual
Reports and MD&A filed with the United States Securities and
Exchange Commission and applicable Canadian securities regulators
(copies of which may be obtained at www.sedar.com or www.sec.gov).
Subsequent events and developments may cause these forward-looking
statements to change. The Company specifically disclaims any
obligation or intention to update or revise these forward-looking
statements as a result of changed events or circumstances that
occur after the date of this release, except as required by
applicable law.
Vuzix Media and Investor Relations Contact:
Ed McGregor, Director of Investor
Relations,
Vuzix Corporation
ed_mcgregor@vuzix.com
Tel: (585) 359-5985
Vuzix Corporation, 25 Hendrix Road, West Henrietta, NY 14586 USA,
Investor Information – IR@vuzix.com www.vuzix.com
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SOURCE Vuzix Corporation