ROCHESTER, N.Y., Jan. 21,
2025 /PRNewswire/ -- Vuzix® Corporation (NASDAQ:
VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart
glasses, waveguides, and Augmented Reality (AR) technology, today
announced that it has entered into a distribution agreement with
Evantek Pte Ltd ("Evantek"), a diversified system integrator
providing state-of-the-art solutions and technology. Vuzix has
received and shipped against an initial stocking order for its
Vuzix M400® smart glasses from Evantek, who will distribute Vuzix
products to its customers across the Asia
Pacific region.
Since 1995, Evantek has built a strong reputation as a premier
solutions provider deploying advanced and cutting-edge technology
solutions to support its commercial and public institution clients
in the Asia Pacific region. Its
extensive involvement in several types of business span industrial
product design and development, commercial display systems,
transportation system solution development and engineering,
telecommunication solutions focusing on man-machine interactivity
and lifecycle management maintenance programs to ensure equipment
lasts. Industry verticals that Evantek with target with Vuzix M400
smart glasses include healthcare, field services and
manufacturing.
"We are very pleased to partner with Vuzix, a leader in smart
glasses and optical technology, and offer the new emerging smart
glasses technology to our enterprise clients and help them gain a
competitive edge in their digital transformation journey," said SJ
Ngiam, Managing Director at Evantek. "As an appointed partner and
distributor for Vuzix in the Asia
region, Evantek is confident to ride the emerging AI and AR
technology wave and grow the business successfully together with
Vuzix and our enterprise customers and partners."
"We are excited to be working with Evantek, who has built a
strong reputation as a premier solutions provider in its
marketplace," said Paul Travers,
President and CEO of Vuzix. "Our two firms target many of the same
market verticals and this distribution partnership will facilitate
increased market penetration for customers ready to embrace
AR-based solutions to increase their productivity and reduce their
carbon footprint among other things."
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 425
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 Evantek 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
