ROCHESTER, N.Y., Dec. 18,
2024 /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 it has entered into an agreement with Augmex, a
one-stop-shop solutions provider for increasing productivity with
smart glasses. Vuzix has received and shipped against an initial
six-figure order from Augmex, who will bundle their software with
Vuzix products as a solution to its supply chain customers across
Europe.
Augmex solutions target the warehouse and logistics,
installation and service, and healthcare and hospital market
verticals. Their two main solutions offerings consist of:
- AUGPICK revolutionizes warehouse performance, enhancing
efficiency through visual data and full hands-free operation.
- AUGASSIST, a remote support solution with smart glasses,
complete with live annotations, artificial intelligence (AI) and
augmented reality (AR), is revolutionizing the way people can stay
connected and get expertise on any location without traveling.
"This partnership brings together our solutions-based approach
with Vuzix' highly capable hardware to deliver valuable wearables
solutions," said Lars Heemskerk,
Founder and CEO of Augmex. "We are thrilled to partner with them
and provide their family of smart glasses to our customers and
partners across the European marketplace."
"We are excited to be working with Augmex, an innovative
solutions provider that combines industry-leading hardware and
software to provide their customers with a single source for their
enterprise solution needs," said Paul
Travers, President and CEO of Vuzix. "This partnership will
facilitate increased market penetration for customers ready to
embrace AI and AR-based solutions to increase their productivity
and reduce their carbon footprint among other things."
About Augmex
Augmex is an award-winning and well-recognized provider with
years of dedicated experience of one-stop-shop solutions for
increasing productivity with smart glasses. Augmex specializes in
developing and deploying state-of-the-art smart glass solutions
tailored for diverse industries to optimize daily operations in
warehouses and remote locations. Augmex is known for their
user-friendly software, a hallmark that resonates across the entire
product line. They prioritize simplicity and ease of use, allowing
their clients to seamlessly integrate smart glass technology into
their operations.
About Vuzix Corporation
Vuzix is a leading designer, manufacturer and marketer of AI
driven 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 400
patents and patents pending and numerous IP licenses in the fields
of optics, head-mounted displays, and the augmented reality
wearables field. The Company has won Consumer Electronics Show (or
CES) awards for innovation for the years 2005 to 2024 and several
wireless technology innovation awards among others. Founded in
1997, Vuzix is a public company (NASDAQ: VUZI) with offices in:
Rochester, NY; and Kyoto and Okayama, 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 business relationship and future
opportunities with Augmex, its software and its customers, 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.
Vuzix 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
