ROCHESTER, N.Y., Aug. 14, 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 Cyber Timez, a
Vuzix VIP partner has received a purchase authorization in
partnership with the Wounded Warrior Program to deliver Cyber Eyez,
a smart glasses based visual aid software to assist American
veterans with low vision and blindness, wounded warriors and
veterans. The Wounded Warrior Program, an approved Ability
One vendor, is an organization with the mission to assist our
nation's wounded warriors, both men and women who have sustained
permanent injury as a result of their tour in combat in their
recovery efforts, which often includes employment
assistance.
The project is expected to span 4 to 5 years and is targeted
towards 175,000 American veterans and wounded warriors with low
vision and blindness. All 42 Wounded Warrior Battalions and
40 Army Medical Centers will begin introducing Cyber Eyez on the
Vuzix M300 to American veterans and their families as well offering
assessment, training and technical support services.
Cyber Eyez leverages advanced AI engines to enable users with
low vision and blindness to be more independent in a sighted world.
Users can experience their world and get things done efficiently
and independently. By using a high definition camera and an optical
character recognition engine, Cyber Eyez provides highly accurate
text recognition and provides the ability for virtually any text or
signage read to the end-user in real time with no internet
connection while still maintaining privacy. Cyber Eyez on the
Vuzix M300 Smart Glasses enables many American veterans with low
vision and blindness to magnify anything in their environment up to
15 times, read any text in over 100 languages, identify over 16
billion objects, recognize over a thousand colors, scan barcodes to
identify products and even detect moods on faces.
"This is a tremendous opportunity for Vuzix to leverage our
smart glasses and augmented reality technology to help American
veterans, including our nation's veterans and wounded warriors
impacted by low vision and blindness improve their overall quality
of life," said Paul Travers, President and Chief Executive
Officer at Vuzix.
"We are very excited to help our nation's greatest warriors
impacted by low vision and blindness to maintain and regain their
independence," commented Sean Tibbetts, Chief Executive
Officer and Co-Founder of CyberTimez. "With Cyber Eyez, the
Vuzix M300 is enhancing our nation's American veterans and wounded
warriors lives and enabling them to resume their daily tasks, find
jobs and regain their independence."
"Our goal with this project at the Wounded Warrior Program is to
outfit thousands of American veterans and wounded warriors impacted
by low vision and blindness, both men and women with smart glasses
to help them find jobs, improve their quality of life and give them
financial independence," commented Dr. David Godbold, National Director of the Wounded
Warrior Program.
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.
About CyberTimez
CyberTimez (http://www.cybertimez.com/) is
an award-winning business focused on making a
difference in real people's lives through technology. We are
firm believers in and driven by our motto "Always in the
service of others." CyberTimez is focused on automating the
Internet of Things using wearable devices like smart glasses and
watches. Our driving force is to develop products that make a real
difference in real peoples' lives. Most of our products start their
life in the Accessibility space solving problems for those with the
most challenges in everyday life and quickly find other commercial
market verticals.
About Wounded Warrior Program
The Wounded Warrior Program
(https://www.wounded-warrior-programs.com/ ) is an organization
with a mission to generate revenue supporting those Veterans who
have sustained service-related injuries and/or health conditions,
whether physical, mental and/or emotional, that are registered with
the Wounded Warrior Program, by and through the distribution and
sale of a wide variety of office supplies and other office supply
related products. The primary goal and function of the
Wounded Warrior Program is to create meaningful employment
opportunities for our nation's veterans who have sustained
permanent injury as a result of their tour in combat.
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 the performance and value of the Vuzix M300 Smart Glasses and
their success with the Wounded Warrior Program, as well as 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
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