Vuzix Receives Two New Notices of Patent Allowance for its Advanced
Optics in Smart Glasses
ROCHESTER, N.Y., Jan. 31, 2013 /CNW/ - Vuzix Corporation (TSX-V:
VZX, OTC:BB: VUZI, FMB: V7X) has received a patent grant and a
notice of allowance from the United States Patent Office for
United States Patent Application # 13/195,539 Title: Agile
Optical Phased Array Device and Applications and for US
Patent Application # 12/887,572 Title: Near-Eye Display with
On-Axis Symmetry.
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"These new additions to Vuzix IP portfolio make claims in
connection with our advanced optics technology that include a
single electro-dynamic waveguide to operate as both a thin
waveguide to relay images to the eye and the optics to create the
virtual image, all in a package size that would fit snuggly into
standard eyeglasses" said Paul
Travers, President and CEO, Vuzix Corporation. "It also will
grow the number of our patents and patents pending to 47, which
adds confirmation to Vuzix leadership in the developing optics
technology around Augmented Reality Smart Glasses," he said.
Vuzix Corporation also owns and or licenses a variety of patents
and intellectual property that applies to advanced optics and
displays for the design of smart glasses with displays built into
them. Vuzix IP should ultimately allow it to create a line of
fashionable see through eyeglasses, with hi resolution displays in
them, for uses in the mobile smart phone markets from gaming to
augmented reality. As mobile users adopt advanced augmented reality
applications and people expand the use of geospatially connected
information, the demand for smart glasses and smart phone
accessories is expected to grow. The latest patent allowances come
coincident with Vuzix BEST OF INNOVATIONS award win at the 2013 CES
and the announcement of their first smart glasses, the M100.
About Vuzix Corporation
Vuzix is a leading supplier
of Video Eyewear products in the consumer, commercial and
entertainment markets. The Company's products, personal display
devices that offer users a portable high quality viewing
experience; provide solutions for mobility, wearable displays and
virtual and augmented reality. Vuzix holds over 47 patents and
patents pending and numerous IP licenses in the Video Eyewear
field. The company has won 14 Consumer Electronics Show Innovations
Awards and several wireless technology innovation awards, among
others. Founded in 1997, Vuzix is a public company (TSX-V:VZX -
News, OTC:BB: VUZI, FMB: V7X) with offices in Rochester, NY, Oxford, UK and Tokyo, Japan. For more information visit
www.vuzix.com.
Forward-Looking Statements Disclaimer
Certain
statements contained in this 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, among other
things, its new and existing intellectual property, future product
releases, including the M100 and smart glasses and their
capabilities, new opportunities, the Company's ability to
capitalize on new opportunities, the Company's ability and costs to
further develop, produce and manufacture the products based on the
new technology, and the Company's leadership in the Video Eyewear
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.
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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.
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Provider (as that term is defined in the policies of the TSX
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accuracy of this release.
For further Investor Information, please contact:
Vuzix Corporation
2166 Brighton Henrietta Townline Road,
Rochester, NY 14623 USA
Investor Information – Grant
Russell
IR@Vuzix.com
Tel: +1 (585) 359-7562
Vuzix.com
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SOURCE Vuzix Corporation