ROCHESTER, N.Y., Sept. 26,
2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ:
VUZI), a leading supplier of smart glasses and Augmented Reality
(AR) technology, today announced an expanded focus on OEM
partnerships and waveguide manufacturing following its recent
strategic investment by Quanta Computer Inc., a global ODM leader.
With this partnership, Vuzix is now better positioned to
collaborate with new clients in developing and mass-producing
intelligent waveguide configurations, ranging from standalone
components to complete AR/AI smart glasses solutions.
Vuzix' OEM design approach is centered around a one-stop
solution for high-volume smart glasses waveguide manufacturing. By
leveraging in-house expertise across industrial design, mechanical
and electrical engineering, and a vast optics industry network,
Vuzix offers cost-efficient, cutting-edge solutions tailored to
each client's needs. This comprehensive capability has attracted
the interest of global technology leaders looking for innovative,
high-quality waveguide production.
Vuzix' State-of-the-Art Waveguide Production Facility
With over 25 years of optics experience, Vuzix leads the market
in advanced waveguide design and manufacturing. Housed in the
Company's New York-based
production and research facility, Vuzix' one-of-a-kind
manufacturing capabilities allow clients to accelerate time to
market and ensure consistent, quality-driven output at scale.
Through close collaboration with customers, Vuzix delivers
waveguides optimized for key performance attributes, including
efficiency, transmission, forward light reduction, rainbow
diffusion, and durability.
Unlike other firms that use standard semiconductor fabrication
techniques, Vuzix employs proprietary processes that enable
world-leading cost-competitive waveguide production.
Positioned for Growth in the Waveguide Market
"When it comes to waveguides, their design and cost-effective
production are among the most critical factors for the success of
AI-driven smart glasses across consumer, enterprise, and defense
sectors. Vuzix practically stands alone in this market with our
unparalleled expertise," said Paul
Travers, President and CEO of Vuzix. "We believe our
competitive technologies and capabilities will translate into
substantial business opportunities, driving revenue and profit
growth for Vuzix in the coming years."
For more information about Vuzix' OEM services and waveguide
production capabilities, please visit:
https://www.vuzix.com/pages/oem-solutions.
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 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 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 OEM solutions and waveguides, its new manufacturing
processes, their benefits, costing, and future production
capacities, future revenue opportunities, 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 lean 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