ROCHESTER, N.Y., April 16, 2019 /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 several positive
developments for its Vuzix Blade® AR Smart Glasses. Most
importantly, production yields and rates have been increasing and
the Company can now offer near immediate delivery on new orders on
its website.
Production yields for optical waveguides, an internally
manufactured product in the company's Rochester-based headquarters and a key
component in the Vuzix Blade, have continued to improve. As a
result, the Company's manufacturing floor has been able to
accelerate and expand production of Blade Smart Glasses, as
evidenced by the recent decrease in shipping time from 3-4 weeks to
"in stock" as indicated of the Company's website. Further plans
remain in place to realize additional production increases and cost
reductions over the balance of 2019.
Additionally, several popular apps for the Vuzix Blade are now
available for consumer use at the Vuzix App Store. The Vuzix Blade
Yelp app helps users look for a new pizzeria, a great coffee shop
nearby or the best fine dining establishment in town. With
the Vuzix Blade AccuWeather Globe 3D app, live and accurate local
weather reports can be accessed by users right before their eyes.
The Vuzix Blade News app allows users to stay up to date on the
latest headlines and news stories from CNN, NPR, Google News, and
Reuters. For sports fans, whether it's the NFL, NHL, MLB, NBA, or
all four, users can now follow every touchdown, goal, run, and
point with the Vuzix Blade Sports app which pushes your desired
game statistics to your AR glasses.
"We continue to make great progress with Vuzix Blade Smart
Glasses, both in terms of our production capacity and device
functionality, and we expect to achieve much more in both of these
regards over the balance of this year," said Paul Travers, Vuzix President and Chief
Executive Officer. "We are truly at the point where a growing
number of consumers can start leaving their phone in their pockets
and experience new levels of convenience and functionality that
others can only dream of providing at this point. At the same
time, the Blade Smart Glasses is gaining steady interest on the
enterprise side for use as a B2B or B2C productivity tool. And we
are just getting started."
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 153 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 2019 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 Blade and waveguide production capabilities, business
relationships and opportunities with AccuWeather, Yelp and Vuzix
Blade Smart Glasses, Companion App, their features and performance
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