Vuzix (VUZI) Receives Follow-On Orders for Z100 Smart Glasses from TranscribeGlass

Vuzix Corporation (NASDAQ:VUZI) is one of the most popular AI penny stocks to buy according to billionaires. On June 30, the company announced that TranscribeGlass has placed follow-on orders for Vuzix Z100 smart glasses. TranscribeGlass is a startup that specializes in providing real-time transcription and captioning services for wearable devices.

According to Vuzix, the Vuzix Z100 is designed to be a “lightweight, fashion-forward prescription-ready smart glasses platform.” It features “Vuzix Waveguide Optics and micro-LED displays,” which are integrated into the lenses. The smart glasses are tailored for consumer applications and connectivity to a smartphone.

TranscribeGlass integrates its proprietary software with the smart glasses to offer “real-time transcription and captioning, bringing greater inclusivity to the hearing-impaired community.” This allows users to see live captions of conversations directly on the smart glass display. The TranscribeGlass solution features advanced speaker identification, enhancing usability in group conversations, such as lecture halls, meetings, or social gatherings. It eliminates the need for lip-reading or external transcription apps. Potential buyers will purchase the solution at an MSRP of $377, with a required $20 monthly subscription for the AI-powered transcription service. Prescription lens inserts are available for $110 through Lensology, and clip-on sunglasses cost $20.

Vuzix Corporation (NASDAQ:VUZI) designs and manufactures AI-powered smart glasses and augmented reality (AR) components for the enterprise, medical, defense, and consumer markets. Its wearable devices integrate waveguide optics and display engines to deliver hands-free, context-aware computing.

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Disclosure: None. This article is originally published at Insider Monkey.