ROCHESTER, NY, December 28, 2021 / PRNewswire / – Vuzix® Corporation (NASDAQ: VUZI), (“Vuzix” or the “Company”), a leading provider of smart glasses and augmented reality (AR) technologies and products, announced today ‘hui that the Company received and delivered an order for smart glasses valued at more than $ 400,000 to a large global retailer to support the full deployment of the solution in its first facility to meet the warehousing and logistics needs of this customer.
COVID-19 has continued to create global supply uncertainties, disruption and inflationary forces that are forcing businesses of all sizes to better manage their supply chains. Combined with the continued growth in online shopping, achieving new levels of productivity for product transportation, inventory management and order fulfillment will become a distinct competitive advantage. Smart glasses are becoming a cost-effective tool to facilitate these goals, and a growing number of the world’s largest companies are starting to move from trial to deployment.
“Vuzix has spent a lot of time and resources perfecting this technology and we are now seeing increased market adoption of our products, allowing businesses to operate with greater productivity. We are delighted to be working with this client, who is just one of several large retailers implementing or testing our technology for logistics and warehouse use, ”said Paul Travers, President and CEO of Vuzix.
About Vuzix Corporation
Vuzix is a leading provider of smart glasses and augmented reality (AR) technologies and products for the consumer and enterprise markets. The Company’s products include personal displays and portable computing devices that provide users with a high-quality portable viewing experience, provide solutions for mobility, portable displays and augmented reality. Vuzix holds 243 patents and pending patents and numerous IP licenses in the field of video eyewear. The company has won innovation awards at the Consumer Electronics Show (or CES) for the years 2005 to 2022 and several innovation awards in wireless technology, among others. Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in Rochester, New York, Oxford, United Kingdom, and Tokyo, Japan. For more information, visit the Vuzix website, Twitter and Facebook pages.
Disclaimer Regarding Forward-Looking Statements
Certain statements in this press release are “forward-looking statements” within the meaning of the Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Forward-looking statements in this release relate to Vuzix smart glasses, our business relationship with our customer Fortune 50, the potential for future orders and broader deployments and, among other things, the company’s leadership in the smart glasses industry and the AR display. They are usually identified by words such as “believes”, “may”, “expects”, “anticipates”, “should” and similar expressions. Readers should not place undue reliance on these forward-looking statements, which are based on the Company’s beliefs and assumptions as of the date of this release. The actual results of the Company 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 Securities and Exchange. Commission of applicable United States and Canadian securities regulatory authorities (copies of which can 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 changes in events or circumstances occurring after the date of this press release, except as required by applicable law.
Vuzix media and investor relations contact:
Ed McGregor, director of investor relations,
Phone. : (585) 359-5985
Vuzix Corporation, 25 Hendrix Road, West Henrietta, NY 14586 United States,
Investor information – [email protected] www.vuzix.com
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SOURCE Vuzix Corporation