ROCHESTER, N.Y., May 22, 2023
/PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI),
("Vuzix" or, the "Company"), a leading supplier of Smart Glasses
and Augmented Reality (AR) technology and products, is pleased to
announce the receipt of new OEM purchase orders for engineering
services and products from two defense customers, one a follow-on
order and the other from a new customer. A brief description of
these firms, the names of which cannot be disclosed at this stage
of development, and their intended use cases are as follows.
The first customer is a US-based global leader in personal
protection and situational awareness solutions for defense forces,
emergency responders, and industrial personnel. They have placed an
order for Vuzix waveguides and projectors with the objective of
adding smart capabilities to their helmet solutions via inclusion
of a HUD.
The second customer is a US-based provider which specializes in
bridging human and animal communication has placed an order for
Vuzix waveguides with the objective of designing AR goggles that
would enable soldiers to remotely give orders to an animal.
"We continue to make great progress with both existing and new
defense OEM opportunities as more and more defense contractors turn
to Vuzix for our advanced waveguide and display solutions,
solutions that are designed and manufactured in the United States," said Paul Travers, President and Chief Executive
Officer at Vuzix. "We look forward to bringing many of these
engagements to the production stage over time."
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 300 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' business growth with these two customers, future orders,
including potential volume production and the ultimate success of
their respective 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