Now in some cases, we have folks that we’re talking to right now that want their white label brand on what we’re doing. They love it just — they don’t even want changes to it, maybe just subtle things, like a nose bridge or something. And in those cases, we’re talking reasonably high numbers, but that’s something that is really a white label Vuzix product that has their name on it. And those numbers could be significant, but I don’t think they can be anything like it’s going to be when you’re in this supply chain for prescription glasses, and it’s just part of turning that crank. There are billions of glasses sold annually. And in order to be in the broad markets — and by the way, I didn’t mean to throw magic leap or — under the bus there.
It’s just kind of obvious, right? They’re great big, heavy things. People aren’t going to wear them to the beach and enjoy out and catching a suntan. You need glasses that fit the world today. And that’s what this platform is all about. And then one more — forward a little bit of comment is in the defense side of the business. In those cases, it’s going to be engines, waveguides and sometimes modules. I don’t think you’ll see Vuzix selling a full-up solution because it’s going to be part of what some of the large defense contractors part of their systems that they’re supplying into the U.S. defense markets. That’s a long-winded answer. There’s a lot of stuff going on around our OEM side of our business. Quite frankly, in the long run, this could be the tail wag in the dog at Vuzix.
I mean our product business is doing well. It’s growing, but you could really see some significant growth coming out of this side of our business in the comparison. I mean we see billions in the enterprise. So you get the point anyway.
Matt VanVliet: Yes. No, very helpful. And then, Grant, quickly one question on Moviynt. You talked about a 7-figure contribution in €˜23. What kind of growth does that represent? Or how much revenue was allocated to that pre acquisition? And just kind of making sure we understand what you guys are bringing to the table there.
Grant Russell: Just one sec. I mean, last year, they did 20,000. 70,000 of it is when they were part of Vuzix. Next year, we’re looking at a couple of million-dollar contribution from them. I mean, over the last several years, they’ve been in a developing mode, working with their customers, and they’re getting ready for some deployment. So it should be a nice contributing factor next year.
Paul Travers: Means 2023, by the way, for next year, we’re also doing that a little bit here.
Grant Russell: Sorry.
Paul Travers: That’s okay, Grant.
Operator: Next question is coming from Christian Schwab from Craig-Hallum.
Christian Schwab: So just I appreciate the color on the different product revenue opportunities, modules, just waveguides or product sales. Ex the acquisition, what type of product sales growth rate should we be thinking about? Is the target broad range in ’23?
Paul Travers: I think we’re going to see a fairly consistent move through 2023 where each quarter should be the previous quarter. And we’ll have, I think, a really nice 2023. In 2024, I think it’s going to start to kick in to overdrive because that’s where all these guys start rolling out on the OEM side of — that really starts rolling out into the market. But I will also say our expectations on the product side, we’ve been working for a long time with some of these folks in supply chain. And in that side of the business, I mean, we’re talking about many thousands of units worth of deployment. So I mean, ’23, 50%, I guess, would be an easy way to —
Christian Schwab: Okay. Okay, fabulous. And then as we begin to ramp and get ready for these other potential OEM type of ramp, should we expect engineering services to have a good year in ’23? Or am I thinking about that wrong?
