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INSIDER BUYING: Vuzix (NASDAQ: VUZI) Executives Including CEO Snap Up Shares

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–News Direct–

By Meg Flippin, Benzinga

Vuzix Corp. (NASDAQ: VUZI), the maker of smart glasses and augmented reality (AR) products, seems to be off to a good start in 2024 with several potential big deals in the works for both its enterprise products and original equipment manufacturing projects. At the same time, the Rochester, New York-based smart glasses maker with more than 375 patents is in a judicious cost-cutting mode, reducing expenses, improving margins and extending its operational runway.

"In 2023, Vuzix made important advancements in our product development, core optics technologies and manufacturing, all of which uniquely position Vuzix to play an important role in the expected to become multibillion-dollar AR smart glasses market," said Paul Travers, President and CEO of Vuzix, when reporting full-year 2023 results. We have a good book of business with identified opportunities, representing large potential deals and cornerstone customers for our enterprise products. And on the OEM side of our business, we expect to enter into several new projects with new and existing defense and consumer product-focused customers over the course of the year.

Insider Buying Signals Confidence

Travers and other executives at Vuzix believe in the company not just as employees but also as investors. They have been showing their confidence in the companys prospects by buying up stock during the past month. When insiders, namely CEOs, buy shares of their company, it signals executives have confidence in the business and/or think the stock is undervalued. Its something investors pay close attention to. If insiders were selling shares rather than purchasing them, it could be a red flag that something is amiss.

Based on Travers recent share purchases, hes confident of the value Vuzix offers. On April 18, the CEO purchased 7,500 shares at $1.34 per share for $10,062. Days later, Travers was buying more, purchasing 14,500 shares at $1.25 each, for a cost of $18, 163. All told the CEO spent $28,225 to buy 22,000 shares over a few days. Meanwhile, director Timothy Heydenreich Harned purchased 20,000 shares on April 22 at $1.31 per share, totaling $26,188.

The moves on the part of the executives demonstrate leaderships strong confidence in the companys future. After all, if they werent so upbeat about the company and thus its stocks prospects, they wouldnt spend thousands of dollars to increase their holdings. It's worth noting that Vuzixs executives arent deterred by volatility in the stock either. Travers spent $1.34 per share one day and when he saw an opportunity to acquire more again when the stock fell to $1.25 per share, he pounced on the opportunity.

Winning Deals, Making Tech Inroads

There seem to be many reasons for executives expressing confidence in Vuzix, given its 20-plus-year leadership position in the smart glasses market and the growth potential of that industry. Vuzix reports that it pioneered workforce AR and still continues to have the industrys most diverse portfolio of enterprise smart glasses, with form factors ranging from lifestyle (Vuzix Z100), to sporty (Blade 2), to safety (Shield), to industrial and medical (M series). All of their AR products offer users a portable, high-quality viewing experience, and they expect their product portfolio, OEM and display system offerings to continue to diversify. They are also operating in an industry poised for more growth. The global smart glasses market is forecast to reach $13.68 billion by 2031, growing at a CAGR of 10.3% from 2024 through 2031.

Vuzixs success with customers for its existing and future technology is another reason Travers and other executives are so optimistic. Consider its Incognito Waveguide Technology, which effectively conceals any forward-facing content displayed on smart glasses. Vuzix waveguides are renowned for their exceptional brightness, clarity and performance. They can accommodate larger fields of view (FOVs) and are adaptable to a diverse range of form factors. These waveguides necessitate a robust display engine specifically designed for this purpose. Consequently, has engineered and introduced the world's smallest and most advanced display engine, which is about the size of a pencil eraser and has been recognized in the media as the tiniest microLED projector available.

Vuzix reports it is engaged with potential customers and development partners ranging from U.S. and international defense organizations to a number of well-known brands and OEM supply companies.

Orders Continue to Flow

Then there are its Vuzix M400 smart glasses. The company just received additional orders for the smart glasses from a Fortune 100 global retailer that is using the glasses to support its warehousing and logistic needs. The smart glasses are being used in multiple locations globally including the U.S., Canada, Mexico and throughout Europe, the Middle East and Africa (EMEA). Vuzix reports that customers have continued to expand across an increasing number of their company locations since the start of 2024.

This year is shaping up to be a busy one for Vuzix both on the enterprise and OEM fronts. So much so that executives, including CEO Travers, are buying up shares, signaling their confidence. With more news expected in the months to come, investors may want to pay close attention to what insiders do next.

Featured photo by Sabri Tuzcu on Unsplash.

Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders.

This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice.

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View source version on newsdirect.com: https://newsdirect.com/news/insider-buying-vuzix-nasdaq-vuzi-executives-including-ceo-snap-up-shares-510830373

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BYDFi to List GOAT Token, Exclusive Rewards for New Traders

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BYDFi, one of Forbes’ top 10 Crypto Exchanges, has announced the listing of Goatseus Maximus (GOAT) .

Celebrating this new listing, BYDFi is offering exclusive, limited-time rewards to both new and existing traders: share 2,000 USDT bonus + 1,000 GOAT!

Full details about these rewards and how to qualify are available on [official announcement].

What is Goatseus Maximus (GOAT)?

Goatseus Maximus (GOAT), the first meme coin on the Solana blockchain managed by an artificial intelligence known as “Truth of Terminal,” is breaking new ground in the world of digital assets. With a significant investment from Marc Andreessen(co-founder of a16z), GOAT has gained notable backing that highlights its potential to reshape the digital economy. The token is currently trading at $0.4316/ token with an impressive market capitalization of $432,79M. Despite its recent launch in the crypto market just a few days ago, Goatseus Maximus has quickly become the talk of the crypto town. One reason is that its coin price has surged 10,000 times in the past five days.

About BYDFi

Established in 2020, BYDFi is a top-tier crypto exchange recognized by Forbes and trusted by millions of users worldwide. Endorsed by CoinMarketCap and CoinGecko, it is known for its professionalism, innovation, and exceptional security. The platform offers more than 600 cryptocurrencies for spot trading and advanced options like 200x leverage on perpetual contracts. BYDFi prioritizes user security, provides 0% trading fees, and facilitates easy crypto purchases in partnership with Banxa, Transak, and Mercury. Its wide range of trading tools enhances the trading experience and makes BYDFi an ideal choice for crypto traders worldwide.

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BYDFi Media Manager

Chloe@bydfi.com

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Protecting the Green and Beautiful Homeland to Make for Biodiversity

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Wenshan Prefecture is recognized as a treasure trove of species and genetic resources, both in China and globally. The academic community regards it as the “center of ancient plant distribution,” and it is the origin and modern distribution center for the Magnoliaceae family. This region is also known as the “Hometown of Magnolias in China.” Wenshan is home to extensive subtropical evergreen broad-leaved forests, karst forests, and unique cave ecosystems. It has been hailed as “An Oasis on the Karst Landform,”and “A Paradise of Biodiversity,”making it one of the most bio-diverse areas in Yunnan Province. In recent years, Wenshan Prefecture has been accelerating efforts to enhance its biodiversity protection capabilities, strengthening ecological space management, and effectively safeguarded the key ecosystems, habitats of rare and endangered wildlife, scenic areas, and biodiversity-rich regions.

Practicing the Green Development Concept to Achieve Significant Ecological Protection Results

Since 2011, Wenshan Prefecture has completed afforestation efforts covering 8.776 million mu (approximately 5.85 million hectares). Compared to 2016, the area of rocky desertification land has decreased by 226,800 hectares, with a forest coverage rate of 36.71% and the grassland vegetation coverage reaching 87.3%. Across the region, 27 nature reserves have been established, covering an area of 184,100 hectares, accounting for 5.86% of the total land area. Among these, there are 12 national-level reserves, 14 of provincial-level, and 1 of prefectural-level.

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Wenshan Prefecture currently has 416 recorded terrestrial wild animal species, of which 116 are listed under national key protection. There are 22 species of wild animals under first-class national protection, such as the slow loris, pangolin, and forest musk deer. Additionally, there are 94 species under second-class national protection, including the short-tailed monkey, Chinese goral, and silver pheasant. The region also boasts 7,907 species of wild vascular plants, with 224 species included in the national key protection list, representing 20.34% of the country’s total. There are 24 species of first-class nationally protected wild plants, such as Parashorea chinensis and Wenshan Red Orchid, and 186 species of second-class nationally protected plants, such as Aristolochia delavayi and Bole Tree. Wenshan has 57 plants species of extremely small populations, accounting for 47.5% of the national total and 56.44% of the provincial total respectively. The region also boasts 265 endemic plants, such as Manglietiastrum sinicum, Chinese Swamp Cypress, Michelia chapensis, Phoebe puwenensis, and Camellia reticulata. Moreover, Wenshan has 24 tea plant germplasm resource populations, covering an area of approximately 12,000 hectares with about 460,000 individual plants.

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Leading in Biodiversity Protection to Cement Ecological Security

Efforts have been made to enhance the monitoring and surveying of wild animal resources. In 2023, through sample line surveys, the Wenshan National Nature Reserve monitored 24 wild animal species, including the slow loris, pygmy loris, pangolin, masked palm civet, leopard cat, silver pheasant, golden pheasant, Yunnan Warty Newt, and Starry Torrent Frog. The monitoring recorded 61 bird species with 147 individuals, and 41 amphibian and reptile species with 341 individuals. Infrared cameras captured images of 20 species of ground-dwelling mammals from 9 families across 4 orders, and 58 bird species from 19 families across 5 orders. Among these, there were 2 species of second-class nationally protected wild mammals and 12 species of second-class nationally protected birds.

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In addition, rare and endangered plants such as Manglietiastrum sinicum, Acer yangbiense, and Cycas debaoensis have been introduced through experimental planting, with over 167 Manglietiastrum sinicum saplings, over 100 Acer yangbiense saplings, and over 30 Cycas debaoensis saplings planted. In collaboration with the Kunming Institute of Botany, Chinese Academy of Sciences, a baseline survey was completed for one hectare of mossy dwarf forest vegetation in the reserve. This survey provides a solid foundation for future re-evaluation and the assessment of ecosystem changes. Surveys were also conducted on 11 vegetation community sample plots and 13 key protected species plots, resulting in the collection of over 1,000 samples.

Utilizing Scientific Protection Achievements to Promote Harmonious Coexistence Between Man and Nature

Wenshan Prefecture has been actively working to shape a demonstration base for modern plateau agriculture focusing on the traditional Sanqi (Panax notoginseng) Chinese herbal medicine industry and the integrated development of grain, fruit, vegetable, and livestock farming. These efforts aim to promote sustainable and healthy agricultural development. Additionally, the region is fostering new integrated development models that combine culture, sports, tourism, and wellness, creating new scenarios, industries, and brands that inject fresh vitality into the tourism industry.

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The modern agricultural development represented by green food achieved vigorous growth. Wenshan has completed the construction of 117 demonstration areas of the “Six One-Hundred Bases” and 93 newly certified agricultural products under the “Three Products and One Standard” system. 14 provincial-level industrial bases have received recognition of  “Green Food Brand” standards.

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Focusing on the goal of becoming the global “City of Sanqi(Panax notoginseng),” Wenshan is advancing the entire Sanqi industrial chain, including planting, processing, trading, branding, and the listing of companies. The goal is to develop the Sanqi industry into a 100-Billion-Yuan industry. In 2023, the Sanqi planting area in Wenshan Prefecture reached 2.295 million mu, generating a comprehensive total output value of 17.895 billion yuan for Sanqi industry .

Wenshan Prefecture firmly upholds the development concept that “lucid waters and lush mountains and are invaluable assets.” With a deep-rooted foundation of green development, a beautiful landscape of ecological prosperity, thriving forestry, and prosperous livelihoods is gradually unfolding across the land of Yunnan.

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Crypto Forensics Company Launches “The Ultimate Guide to Recovering Stolen Cryptocurrency”

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Crypto Forensics Company, a leader in blockchain analysis and cryptocurrency investigations, is excited to announce the release of its comprehensive guide, “The Ultimate Guide to Recovering Stolen Cryptocurrency: Strategies and Tools Using Crypto Crime Investigations.” This essential resource is designed for victims of cryptocurrency theft, law enforcement agencies, and financial institutions looking to navigate the complex world of crypto forensics.

 

As the cryptocurrency market continues to grow, so does the prevalence of cybercrime targeting digital assets. According to recent reports, billions of dollars worth of cryptocurrency are stolen each year, leaving victims feeling hopeless and vulnerable. In response to this growing issue, Crypto Forensics Company has compiled a detailed guide that equips readers with the knowledge and tools necessary to recover stolen assets.

 

Key Features of the Guide:

 

1. In-Depth Analysis of Crypto Crime Trends: Understand the latest methods employed by cybercriminals to steal cryptocurrency, providing readers with insights into how to protect their assets.

 

2. Step-by-Step Recovery Strategies: Detailed, actionable strategies for victims to follow immediately after a theft occurs, increasing the chances of recovery.

3. Tools and Technologies: An overview of cutting-edge tools and technologies used in crypto forensics, including blockchain analysis software and tracking techniques.

 

4. Case Studies: Real-world examples of successful recoveries, showcasing the effectiveness of the strategies outlined in the guide.

 

5. Expert Insights: Contributions from leading experts in the field of crypto forensics, offering their perspectives on prevention and recovery.

 

 

“Our guide is a pioneering effort to provide individuals and organizations with the tools they need to combat cryptocurrency theft,” said Mr Mark, CEO of Crypto Forensics Company. “We understand the complexities of the blockchain and the emotional toll that losing digital assets can take. Our goal is to empower victims with knowledge and effective strategies for recovery.”

 

The guide is available for download on the Crypto Forensics Company website www.cryptocrimeinvestigation.com , along with additional resources and support for those affected by crypto crimes.

 

Victims of cryptocurrency theft often experience a range of profound emotional impacts, including:

 

1. Shock and Disbelief: Initially, victims may find it hard to accept that they have been targeted and that their assets have been stolen. This disbelief can lead to confusion and a sense of helplessness.

 

2. Anger and Frustration: Many victims feel intense anger towards the perpetrators, the cryptocurrency system, or themselves for falling victim to a scam. This frustration can manifest in various ways, including aggressive behavior or withdrawal from social interactions.

 

3. Anxiety and Fear: The fear of further financial loss or being targeted again can lead to chronic anxiety. Victims may worry about their financial future, potential identity theft, or the security of their remaining assets.

 

4. Depression: The loss of significant funds can lead to feelings of hopelessness and despair. Victims might experience a decline in self-esteem and a sense of failure, especially if they invested their savings or retirement funds.

 

5. Isolation: Victims may feel alone in their experience, especially if they believe others won’t understand or relate to their situation. This can lead to social withdrawal and a reluctance to discuss their experience with friends or family.

 

6. Distrust: Following a theft, victims often become wary of the cryptocurrency market and technology in general. This distrust can extend to financial institutions and online transactions, impacting their willingness to engage in future investments.

 

7. Guilt and Shame: Many victims grapple with feelings of guilt for not having taken better precautions or for trusting the wrong sources. This can lead to a cycle of self-blame that exacerbates their emotional distress.

 

8. Hope and Resilience: While the emotional impacts can be overwhelmingly negative, some victims may also experience a sense of hope and determination to recover their losses. This resilience can drive them to seek help, learn more about security measures, and take proactive steps to prevent future theft.

 

Overall, the emotional toll of cryptocurrency theft is significant, highlighting the need for support systems and resources for victims to cope with their experiences.

 

About Crypto Forensics Company:

 

Crypto Forensics Company is a pioneering organization dedicated to combating cryptocurrency crime through innovative forensic analysis and dedicated support. With a team of experts in blockchain technology and cyber investigations, the company is committed to helping victims recover their stolen assets and promoting a safer digital currency landscape.

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