ROCHESTER, N.Y., Oct. 10, 2016 /PRNewswire/ -- Vuzix®
Corporation (NASDAQ: VUZI), a leading supplier of Smart Glasses,
Augmented Reality (AR) and Virtual Reality (VR) technologies and
products for the consumer and enterprise markets, is pleased to
announce that the M300 Smart Glasses has won Compass Intelligence's
Enterprise Wearable Device of the Year award. Compass
Intelligence is a market analytics and consulting firm that
specializes in metrics-driven market intelligence, advisory,
marketing support, and insights for the mobile, IoT, and high-tech
industries. Vuzix was selected from a list of nominees that
included other best in class technology firms, with the winner
determined by an expert panel of judges from the industry. Another
product that won was the Samsung Gear S2, for the Consumer Wearable
Device of the year.
The Vuzix M300 represents the next generation of smart glasses,
designed to address customer feedback from more than two years of
productive use of the earlier M100 Smart Glasses. The advanced
ergonomic design and features of the new Vuzix M300 enables
enterprise users to operate in an increasing number of situations
and accomplish even more complex use cases. According to Compass
Intelligence, LLC (www.compassintelligence.com), the U.S.
Enterprise Wearables market reached $405
million by the end of 2015 and will reach $10.4 billion by 2020, with an estimated 84.5%
compound annual growth rate from 2015 to 2020. Market research firm
Gartner, Inc. expects global unit sales of head-mounted wearable
display devices to more than quadruple in 2017.
"We are honored that the M300 has been designated as top
Enterprise Wearable Device of the Year. It validates the years of
work we have spent developing and perfecting our smart glasses to
enhance productivity for the enterprise customer," said
Paul Travers, President and Chief
Executive Officer of Vuzix. "We are proud of the strides we have
made and believe users in a broad variety of sectors will obtain
even greater gains with the M300."
"We are pleased to recognize Vuzix as a leader in the field of
wearable technology," stated Stephanie
Atkinson, CEO and Founder of Compass Intelligence. "The
company has been an innovator in an emerging space that we believe
will become one of the most important areas of technology for the
workplace."
About Compass Intelligence
Compass Intelligence, a
market analytics and consulting firm, specializes in metrics-driven
market intelligence, advisory, marketing support, and insights for
the mobile, IoT, and high-tech industries. Compass Intelligence
provides executive insights, market sizing/modeling, competitive
analysis, strategic consulting, and expert recommendations on
multiple markets. Visit us at
http://www.compassintelligence.com.
About Vuzix Corporation
Vuzix is a leading supplier of
Smart-Glasses, Augmented Reality (AR) and Virtual Reality (VR)
technologies and products for the consumer and enterprise markets.
The Company's products include personal display and wearable
computing devices that offer users a portable high quality viewing
experience, provide solutions for mobility, wearable displays and
virtual and augmented reality. Vuzix holds 43 patents and 23
additional patents pending and numerous IP licenses in the Video
Eyewear field. The Company has won Consumer Electronics Show (or
CES) awards for innovation for the years 2005 to 2016 and several
wireless technology innovation awards among others. Founded in
1997, Vuzix is a public company (NASDAQ: VUZI) with offices in
Rochester, NY, Oxford, UK and Tokyo, Japan.
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, among other
things, the Company's leadership in the Smart Glasses, VR and AR
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.
Investor and Media Relations Contact:
Andrew Haag
Managing Partner
IRTH Communications
vuzi@irthcommunications.com
1-866-976-4784
Vuzix Corporation
25 Hendrix Road, Suite A West
Henrietta, NY 14586 USA
Investor Information – Grant
Russell
IR@Vuzix.com
Tel: (585) 359-7562
www.vuzix.com
For further sales, and product information, please
visit:
North
America:
http://www.vuzix.com/contact/
Europe/UK:
https://www.vuzix.eu/contact/
Asia:
http://www.vuzix.jp/contact.html
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SOURCE Vuzix Corporation