ROCHESTER, N.Y., Nov. 3, 2023
/PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI),
("Vuzix" or, the "Company"), a leading supplier of smart glasses
and Augmented Reality (AR) technology and products, announced it
has completed delivery against a follow-on order from a Tier-1
aerospace and defense contractors with which it has been working
with. The Company expects to receive additional orders in
subsequent phases with this partner.
Vuzix has delivered a customized waveguide-based optics engine
that is intended to be used in head worn systems designed for
aerospace applications. These customized waveguide-based engine
prototypes offer a high brightness, high index waveguide design
with a wide FOV (field-of-view) for a variety of field operational
conditions.
"We are working closely with many of the world's leading
aerospace and defense firms on projects that can provide
significant deployment and thus revenue opportunities for Vuzix,"
said Paul Travers, President and CEO of Vuzix. "We will
continue to develop and refine the waveguide and display engine
technologies that these contractors need for their next-generation
solutions as we move closer to final production rollouts."
About Vuzix Corporation
Vuzix is a leading designer, manufacturer and marketer of Smart
Glasses and Augmented Reality (AR) technologies and products for
the enterprise, medical, defense and consumer markets. The
Company's products include head-mounted smart personal display and
wearable computing devices that offer users a portable high-quality
viewing experience, provide solutions for mobility, wearable
displays and augmented reality, as well OEM waveguide optical
components and display engines. Vuzix holds more than 325 patents
and patents pending and numerous IP licenses in the fields of
optics, head-mounted displays, and augmented reality Video Eyewear
field. Moviynt, an SAP Certified ERP SaaS logistics solution
provider, is a Vuzix wholly owned subsidiary. The Company has won
Consumer Electronics Show (or CES) awards for innovation for the
years 2005 to 2023 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; Munich,
Germany; and Kyoto and
Tokyo, Japan. For more
information, visit the Vuzix website, Twitter and Facebook
pages.
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 Vuzix Smart Glasses, our relationship with the referenced
defense contractor, potential for further development phases and
ultimate volume production programs, and among other things 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:
Ed McGregor, Director of Investor
Relations,
Vuzix Corporation
ed_mcgregor@vuzix.com
Tel: (585) 359-5985
Vuzix Corporation, 25 Hendrix Road, West Henrietta, NY 14586 USA,
Investor Information – IR@vuzix.com www.vuzix.com
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SOURCE Vuzix Corporation