- Quanta to utilize Vuzix'
advanced waveguides and display engines
to manufacture next generation lightweight smart
glasses
ROCHESTER, N.Y., Nov. 15,
2023 /PRNewswire/ -- Vuzix®
Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a
leading supplier of smart glasses and Augmented Reality (AR)
technology and products, and Quanta Computer ("Quanta"), a Global
Fortune 500 Company and worldwide leading Original Design
Manufacturer (ODM), today announced that the two firms have entered
into a partnership agreement which will support the manufacture of
next generation lightweight smart glasses for the broader
markets.
Vuzix is set to shortly deliver the first batch of its latest
advanced waveguide and optical display components for this project,
and a plan is being put in place for subsequent deliveries to be
made throughout 2024. Quanta and Vuzix are committed to presenting
innovative smart glasses solutions for the broader markets, making
it accessible to a wide range of interested market
participants.
"We are excited to join forces with Vuzix to revolutionize the
AR smart glasses industry," said C.C. Leung, Vice Chairman and
President of Quanta Computer. "The development and design efforts
are already underway at Quanta for such products, and our plan is
to deliver a suite of groundbreaking AR smart glasses products
during 2024 to our potential global customers, using waveguides and
components sourced from Vuzix."
"This partnership agreement between Vuzix and Quanta represents
an important step toward advancing the capabilities of AR smart
glasses and their associated accessories as it aims to address the
evolving needs of consumers and enterprises by delivering
state-of-the-art technology that seamlessly integrates into
everyday life," said Paul Travers, President and CEO of Vuzix.
"We look forward to working with such a leading product
manufacturer as Quanta."
About Quanta Computer
Quanta Computer is a Fortune Global 500 Company and a leader in
worldwide notebook manufacturing, as well as a leading solution
provider in cloud computing. Quanta provides innovative products
with superior technology in information and communications,
consumer electronics, cloud computing, smart home solutions, smart
automobile solutions, smart healthcare, and AIoT, etc. Founded in
1988 and listed in TWSE since 1999, Quanta Computer is
headquartered in Taiwan with
manufacturing and service locations across Asia, Americas, and Europe, etc. FY2022 consolidated revenues for
Quanta Computer amounted to US$43
billion with a total number of employees more than 65,000
worldwide. For further information, please visit Quanta Computer's
Website at http://www.quantatw.com/
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 business relationship and future
business opportunities with Quanta Computer and their 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.
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
