ROCHESTER, NY, July 15, 2022 /PRNewswire/ — Vuzix® Corporation (NASDAQ: VUZI), (“Vuzix” or the “Company”), a leading provider of smart eyewear and augmented reality (AR) technologies and products, is pleased to to announce that the company has received a volume OEM purchase order for custom-designed waveguides from a US-based Fortune 50 software and hardware technology customer, who plans to use them in their own program head-mounted display (HMD) product development. These waveguides are built by Vuzix to meet specific customer needs and specifications. This initial volume order is from one of many companies joining Vuzix’s growing OEM business.
“This custom waveguide order represents the tip of the iceberg for Vuzix’s OEM sourcing efforts in terms of expected long-term industry demand,” said Paul Travers, President and CEO of Vuzix. “Vuzix has already demonstrated to key customers its ability to design and supply a variety of state-of-the-art custom waveguides and manufacture them in volume at competitive costs. To meet the growing business of OEM sourcing, Vuzix also has plans in place to significantly increase its waveguide production capacity over the next year and even further into the future.”
About Vuzix Corporation
Vuzix is a leading provider of smart eyewear and augmented reality (AR) technologies and products for the consumer and enterprise markets. The Company’s products include personal displays and portable computing devices that provide users with a high-quality portable viewing experience, provide solutions for mobility, portable displays and augmented reality. Vuzix holds 246 patents and patents pending and numerous IP licenses in the field of video eyewear. The company has won innovation awards at the Consumer Electronics Show (or CES) for the years 2005 to 2022 and several wireless technology innovation awards, among others. Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in Rochester, NY, Oxford, United Kingdomand Tokyo, Japan. For more information, visit the Vuzix website, Twitter and Facebook pages.
Disclaimer of Forward-Looking Statements
Certain statements contained in this press release are “forward-looking statements” within the meaning of the Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. The forward-looking statements in this release relate to Vuzix smart glasses, our business relationship and potential future opportunities and waveguide orders with this Fortune 50 customer, and among other things the company’s leadership in the smart glasses industry. and AR screens. They are usually identified by words such as “believes”, “may”, “expects”, “anticipates”, “should” and similar expressions. Readers should not place undue reliance on these forward-looking statements, which are based on 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 matters described in more detail in the “Risk Factors” section of the Company’s annual reports and MD&A filed with the Securities and Exchange. US 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 changes in events or circumstances after the date of this release, except as required by applicable law.
Media Contact and Investor Relations:
Ed McGregorDirector of Investor Relations,
Tel: (585) 359-5985
Vuzix Corporation, 25 Hendrix Road, Suite A, West Henrietta, NY 14586 United States,
Investor information – [email protected] www.vuzix.com