ROCHESTER, N.Y., Nov. 3, 2023
/PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix"
or, the "Company"), a leading supplier of smart glasses and
Augmented Reality (AR) technology and products, today refers to its
press release dated November 2, 2023
(the "Press Release") announcing a partnership with and product
information about EDAP TMS SA ("EDAP"), which is a recognized
leader in the global therapeutic ultrasound market. Vuzix wishes to
state that the parties do not currently have any contractual
relationship or partnership. Statements made in the Press Release,
as well as the case study referenced therein, regarding EDAP's
Focal One Robotic High Intensity Focused Ultrasound (HIFU)
Platform, were published without EDAP's consent and inaccurately
described aspects of the Focal One system, its benefits and ease of
use.
The Company has accordingly deleted, and retracts, the Press
Release and case study, including all statements regarding EDAP and
the Focal One system.
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 325 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 2023 and several wireless technology innovation
awards among others. Founded in 1997, Vuzix is a public company
(NASDAQ: VUZI) with offices in: Rochester, NY; Oxford, UK; 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 relationship with EDAP TMS SA, 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-issues-a-retraction-of-its-november-2-2023-press-release-301977652.html
SOURCE Vuzix Corporation
