ROCHESTER, N.Y. , Nov. 6, 2023
/PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI),
("Vuzix" or, the "Company"), a leading supplier of Smart Glasses
and Augmented Reality (AR) technology and products, today announced
a breakthrough in optical waveguide design and performance for
see-through AR smart glasses. Vuzix INCOGNITO technology virtually
eliminates the forward eye glow typically associated with
waveguide-based smart glasses. It is the first waveguide-based
technology in the world to achieve this level of performance. Light
leakage out the front surfaces of these AR smart glasses that are
found with current industry solutions, including any potential haze
and virtual images, virtually disappear with this advancement.
Based on Vuzix intellectual property, which now exceeds 325
patents and patents pending focused on displays and waveguides,
Vuzix INCOGNITO technology manages internal light reflection and
thus minimizes and manages forward light leakage within a
waveguide, enhancing low light optical performance and
significantly advancing Vuzix' already industry-leading forward
light ratio of 1:8. Vuzix INCOGNITO technology thereby improves the
contrast of virtual images in the AR glasses and interaction with
the external environment. These refinements have been accomplished
with no increases in Vuzix' manufacturing cost per waveguide. This
new game-changing waveguide functionality will be targeted for
introduction into certain of the Company's defense, industrial,
enterprise and ultimately broader consumer applications.
"Vuzix INCOGNITO technology makes the tech in a pair of AR smart
glasses, or any other waveguide-based head-mounted display,
virtually disappear. User privacy is greatly increased as this
technology practically eliminates the ability for any other
observer to know that you're viewing displayed content on your
device," said Paul Travers,
President and CEO of Vuzix. "While this is a highly desirable
feature for consumer use, it represents critical functionality for
certain military applications, where forward light in defense
situations can quickly compromise the safety of ground troops and
military personnel. We look forward to incorporating Vuzix
INCOGNITO technology into both our standard and customized
waveguide solutions as we concurrently begin to ramp waveguide
production at our new high-volume, state-of-the-art manufacturing
facility in the Rochester NY
area."
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 the Company's waveguide products and INCOGNITO technologies,
improvements they offer and their potential market applications for
both Vuzix Smart Glasses and its OEM customers. 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.
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
