- 48 million people in the US struggle with
hearing loss
ROCHESTER, N.Y., June 10,
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 Xander™, a
Boston-based early-stage startup,
has placed multiple follow-up orders for Vuzix Shield™ smart
glasses as it increases customer shipments of its XanderGlasses™, a
smart glasses solution that utilizes Xander's embedded
software that displays real-time captions of in-person
conversations to help people with hearing loss.
XanderGlasses are designed to be used like a simple "on" and
"off" device. They work anywhere people need them, whether they are
at home, at work, or in a loud public setting. As XanderGlasses
don't rely on smartphones or cloud connectivity, they are
remarkably reliable and perfectly private. In this augmented
reality experience, captions are displayed seamlessly right in the
field of view of the wearer.
Xander has received awards and recognition for its accessibility
tech solution, including the CES 2024 Innovation Award in
Accessibility & Aging Tech, winner of the CTA Foundation Eureka
Park Accessibility Contest, AARP AgeTech After Dark Finalist and
CES 2023 Eureka Park Pitch Competition Finalist.
"48 million people in the U.S. struggle with hearing loss and
that will increase as the population ages. If you can't hear what
others are saying, XanderGlasses can help you see what others are
saying," explains Alex Westner,
Co-Founder and CEO at Xander. "Our team has spent countless hours
with people of all stages of hearing loss, and XanderGlasses is the
result of our customer-driven approach."
"XanderGlasses, which are based on Vuzix Shield smart glasses,
are designed to improve people's lives," said Paul Travers, President and CEO of Vuzix.
"Hearing loss is a challenge for a growing percentage of the
world's population, including veterans and others with prolonged
noise exposure, as well as a huge number of people in their 40s and
beyond. The need for innovative product solutions that combine our
Shield smart glasses with powerful embedded voice captioning
software, like the XanderGlasses solution, is obvious and
significant. We look forward to supporting their efforts to roll
out their solution this year and beyond."
About Xander
Xander is a Boston-based
startup that uses augmented reality to enhance in-person
conversations and strengthen human connections. Xander's first
product is the XanderGlasses solution, which turns the Vuzix Shield
into captioning glasses for the millions of people with hearing
challenges seeking alternatives to hearing aids. XanderGlasses are
lightweight, comfortable smart glasses that accurately translate
speech to text in real-time, displaying captions of in-person
conversations. In addition to receiving a Catalyst Award from the
National Academy of Medicine, Xander's captioning glasses were a
CES 2024 Innovation Award Honoree in the category of Accessibility
& Aging Tech. XanderGlasses are now available in the U.S. as a
direct pre-order from Xander. U.S. Veterans can connect with their
local V.A. audiology team to learn more about availability. For
general inquiries about Xander, visit http://xander.tech.
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 375 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 2024 and several wireless technology innovation
awards among others. Founded in 1997, Vuzix is a public company
(NASDAQ: VUZI) with offices in: Rochester, NY; 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 Smart Glasses, our business relationship, future business
orders and opportunities with Xander 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
View original content to download
multimedia:https://www.prnewswire.com/news-releases/vuzix-nasdaq-vuzi-continues-to-receive-smart-glasses-reorders-from-xander-to-meet-rising-demand-for-their-award-winning-captioning-glasses-for-the-hard-of-hearing-302167783.html
SOURCE Vuzix Corporation