ROCHESTER, N.Y., Nov. 25,
2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ:
VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart
glasses and Augmented Reality (AR) technology and products, is
pleased to announce the receipt of a six-figure revenue production
order for customized waveguides to enable a lightweight heads-up
display (HUD). This order was received from a US-based company that
is a leader in technologically advanced and intelligent solutions
for the global aerospace and defense industry. This customer is the
incumbent supplier for several existing programs and has turned to
Vuzix as a US-based manufacturer of waveguide and display
technologies.
"Our development efforts with some of the country's largest
defense contractors continue to progress at a steady pace," said
Paul Travers, President and Chief
Executive Officer at Vuzix. "There is a significant need for
advanced see-through display technologies that Vuzix remains in a
unique position to deliver as a leading-edge US-based designer and
manufacturer of waveguides and related technologies. We look
forward to working with this customer as they move to volume
production of their HUD solution for their customers."
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' business growth with this defense customer, future
orders, including potential volume production and the ultimate
success of their respective programs 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.
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-receives-production-order-for-customized-waveguides-from-a-major-defense-customer-302315096.html
SOURCE Vuzix Corporation