ROCHESTER,
N.Y., June 19, 2017
/PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the
"Company"), 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
Timothy Harned has joined its Board
of Directors and Paul Boris, who
resigned from the Board on May 8,
2017 when he joined the Company as its Chief Operating
Officer, has been re-appointed to the Board of
Directors.
Mr. Tim Harned is an
investment banking, corporate development, and financial advisory
veteran with more than 30 years of experience in mergers &
acquisitions and related activities. Mr. Harned is also a
technology specialist with more than twenty years of experience in
various technology fields and another ten years working with
consumer and industrial companies. Mr. Harned is currently
the Founder and Managing Partner of 8Nineteen Advisory, LLC
(www.8nineteen.com) where he serves as a
strategic consultant and provides financial advisory services, with
a specialty in mergers and acquisitions and corporate and business
development. He began his career at Lehman Brothers within
the mergers and acquisitions group and later joined Banc of America
Securities where he became a Managing Director. Mr.
Harned subsequently joined Morgan Stanley & Co., where he
served as an Executive Director focused on merger and acquisition
advisory for technology companies. Mr. Harned also spent more
than five years with Capstone Partners LLC as a Managing Director
before joining AGC Partners, where he was a Partner for more than
six years.
"As Vuzix business relationships continue to expand, the
importance of adding a trusted advisor with experience in strategy,
M&A, and general business transactions to our Board is very
valuable, and we are delighted to have identified such an
outstanding individual to help serve our stockholders. We are
confident that Tim will have a positive impact on our Company,"
said Paul Travers, President and CEO
of Vuzix.
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 51 patents and 39 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 2017 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 applicability and benefits of Mr. Harned's prior experience to
Vuzix, and among other things, the Company's leadership in the
Video Eyewear, VR 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.
Media and Investor Relations Contact:
Matt Margolis, Director of
Corporate Communications and Investor Relations, Vuzix Corporation
matt_margolis@vuzix.com Tel: (585) 359-5952
Andrew Haag, Managing
Partner, IRTH Communications
vuzi@irthcommunications.com Tel: (866) 976-4784
Vuzix Corporation, 25 Hendrix Road, Suite A, West Henrietta, NY 14586 USA,
Investor Information – IR@vuzix.com www.vuzix.com
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SOURCE Vuzix Corporation