ROCHESTER, N.Y., Oct. 17, 2018 /PRNewswire/ -- Vuzix®
Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading
supplier of Smart Glasses, Augmented Reality (AR)) technology and
products, is pleased to announce that the Company' has entered into
a multi-year strategic partnership with WakingApp Ltd.
("WakingApp") where WakingApp will support Vuzix Augmented Reality
(AR) Smart Glasses products with its ENTiTi AR Creator
content creation platform (the "Platform") and Vuzix will
distribute copies of limited term licenses of the ENTiTi AR Creator
platform to Vuzix developers and customers.
Under the agreement, WakingApp with its professional augmented
reality toolkit, ENTiTi AR Creator 3.0, developers and designers
have the power to rapidly produce outstanding AR experiences for
Vuzix AR Smart Glasses products as stand-alone apps or integrated
into existing mobile apps. ENTiTi AR Creator 3.0 is
an AR content creation platform that allows enterprises and
small businesses to create, distribute and view augmented reality
and 3D content with no coding skills required. Users can
drag-and-drop animations, live data feeds, social activities,
pictures, video, sound and 3D art and use
other personalization tools, which are updated to the
cloud in real-time.
The ENTiTi 3.0 AR Creator platform allows for rapid content
creation, simple integration with existing apps, on-the-fly content
updates, support multiple AR solutions including SLAM AR, QR
tracking or Image Target AR using JavaScript for its advanced
scripting capabilities. Vuzix will soon begin releasing model
environments to be used as demonstrations on its M300 and Blade
Smart Glasses and is also contracting with WakingApp to purchase
over the next two years up to 100,000 copies of limited term
licenses of the ENTiTi AR Creator platform that will be distributed
to developers and customers of Vuzix AR products to spur enterprise
and consumer app development, content creation and new interactive
experiences.
"We are extremely excited about this partnership, and of
becoming an integral part of one the fastest growing segments in
the AR space," said Matan Libis, CEO
of WakingApp. "By integrating our ENTiTi 3.0 creator with
Vuzix line of smart glasses we believe that there is great
potential to accelerate the growth in both of our companies."
"Our partnership with WakingApp will introduce a new community
of developers to the Vuzix Blade and Vuzix M300 Smart Glasses
opening the door for the creation of new applications and
experiences for enterprise and consumers," said Paul Travers, Vuzix President and Chief
Executive Officer. "WakingApp's ENTiTi AR Creator 3.0 levels
the playing field for developers by enabling individuals with zero
coding skills to create AR content for Vuzix smart glasses.
Vuzix is really excited to provide ENTiTi AR Creator 3.0 to its
customers and developers, which will help almost anyone develop and
leverage AR on Vuzix' smart glasses platform."
About Vuzix Corporation
Vuzix is a leading supplier of Smart-Glasses and Augmented
Reality (AR) technologies and products. 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 augmented reality. Vuzix holds
62 patents and 71 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 2018 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, Barcelona, Spain 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, our business relationship and opportunities with WakingApp and
among other things and the Company's leadership in the Smart
Glasses 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
Ed McGregor, Director of
Institutional Investor Relations, Vuzix Corporation
ed_mcgregor@vuzix.com Tel: (585) 359-5985
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