ROCHESTER, N.Y., March 9, 2021 /PRNewswire/ -- Vuzix®
Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a
leading supplier of Smart Glasses and Augmented Reality (AR)
technology and products, today announced that Rio Tinto, a leading
international metals and mining companies, has deployed Vuzix Smart
Glasses at its Oyu Tolgoi mine located in Mongolia, which has one of the world's largest
known deposits of copper and gold.
As discussed in Rio Tinto's 2020 Annual Report, Rio Tinto has
been focused on working safer and smarter and as part of that
effort they increased their use of drones and mine pit cameras and
introduced video headsets (including smart glasses) to conduct
visual inspections of tailings facilities and equipment while
complying with travel restrictions and physical distance
requirements. At the Oyu Tolgoi underground project, Rio Tinto
used Vuzix Smart Glasses to enable technical experts from all over
the world to work with local teams on the project site.
"Vuzix Smart Glasses usage continues to expand across an
ever-widening array of industry verticals," said Paul Travers, Vuzix President and Chief
Executive Officer. "Companies like Rio Tinto, which is a global
leader in its field, continue to provide validation of the value
and effectiveness of our products in real world situations."
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 augmented reality. Vuzix holds 184 patents
and 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 2021 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. For more information, visit
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 existing and future business opportunities with Rio Tinto,
further uses of Vuzix Smart Glasses in the mining industry, 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, Suite A, West Henrietta, NY 14586 USA,
Investor Information – IR@vuzix.com www.vuzix.com
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SOURCE Vuzix Corporation