ROCHESTER, N.Y., Sept. 21, 2017 /PRNewswire/ -- Vuzix®
Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading
supplier of Smart Glasses and Augmented Reality (AR) technologies
and products for the consumer and enterprise markets, announced
today a strategic partnership with Modular Process Control,
LLC "MPC Energy"' to collaborate on the delivery of Vuzix
industrial smart glasses and MPC Energy's Aura application to
provide next-generation tools for the management of energy,
resource consumption and conservation to industrial
customers.
Vuzix' AR smart glasses will enable the delivery of real-time
insights from MPC Energy to operators on the consumption of their
energy for systems, machines and devices. The delivery of
real-time insights to the machines via Vuzix smart glasses and
Aura, MPC's smart manufacturing energy management system, will
ultimately allow operators to adjust machines and processes in a
way that optimizes production and resource consumption in concert
with the organization's goals.
MPC Energy has been optimizing energy consumption for aluminum,
gasoline, food, chemical, glass, electronics and textile
manufacturers. From potato chips to microchips, refineries to
foundries; MPC Energy has been shrinking the energy footprints of
its global customers and reducing the amount of energy required to
produce the products they consume.
Vuzix will be attending the World Engineering Energy Conference
(WEEC) with MPC Energy on September
27-29 in Atlanta, Georgia
at Booth #222 to showcase the Vuzix M300 and Aura, MPC's smart
manufacturing energy management system.
"The team at MPC Energy has established a legacy over the last
37 years in operational excellence and driving productivity and
cost savings in over 100 manufacturing plants for its industrial
customers," said Matt Ratteree,
President of MPC Energy. "We're excited to partner with Vuzix
to bring the value proposition of predictive maintenance to our end
customers through the use of Vuzix AR Smart Glasses and MPC
Aura."
"MPC Energy's next generation management tools paired up with
Vuzix M300 smart glasses will drive new business opportunities for
Vuzix with some world class customers in the industrial space,"
said Paul Travers, President and CEO
of Vuzix.
About Modular Process Control LLC "MPC Energy"
Modular Process Control LLC "MPC Energy"
http://www.mpcenergyllc.com/ provides energy management solutions.
The Company offers cloud-based energy management information
system, and energy monitoring services. Modular Process Control
operates in the United States.
About Vuzix Corporation
Vuzix is a leading supplier of Smart-Glasses and Augmented
Reality (AR) 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 58
patents and 37 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 success of our relationship with MPC 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
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