-
Vuzix CEO Paul Travers to Present
at SPIE Photonics West today
ROCHESTER, N.Y., Jan. 30,
2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ:
VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart
glasses and Augmented Reality (AR) technology and products,
announced it now has the ability to supply optical waveguides with
integrated vision correction prescriptions, further expanding the
applicability for real world ease of use for individuals requiring
vision correction when wearing AR smart glasses and HMD
solutions. The Company has already begun demonstrating this
capability to its potential OEM customers. This solution can be
produced in high volume at a competitive cost and is in addition to
the elimination of external eye glow via its recently introduced
Incognito waveguide technology, two critical advancements to the
ultimate success and acceptance of AR smart glasses.
Vuzix is currently in the process of establishing the
infrastructure to support the production of prescription-based
integrated waveguide lens assemblies with a roadmap set to scale
production substantially thereafter. Multiple patents and
patents pending are in place related to system processes and
integrating scripts or optical power for smart glasses eyewear. The
prescription lenses need to be finished, trimmed, and mounted to
the waveguides, all of which must be conducted in a controlled
dust-free environment and utilize the existing industry methods for
high volume capacity waveguide prescription glasses. Vision
correction will initially support a range of +2D to -8D diopters
but will ultimately support any prescription. Vuzix' recently
announced Ophthalmic Advisory Board will help ensure that the
Company's processes and finished products adhere to FDA-certified
standards and regulations.
Relatedly, Vuzix CEO Paul Travers
will be giving a presentation today at SPIE Photonics West at the
Moscone Center in San Francisco,
California, titled "Critical considerations for smart
glasses to support broader market demand: from prescriptions and
privacy to weight and wearability". Mr. Travers will discuss
the considerations needed to support the successful adoption of
this technology, including the technical tradeoffs underpinning
critical features like size, weight, battery longevity, usability
and style, as well as more advanced topics such as scalability
factors, how different waveguide options like forward light
management (eye glow) can impact design, and how to navigate supply
chain issues for a successful prescription solution.
"Our ability to design and fabricate waveguides with leading
edge functionality such as integrated prescriptions and no external
eye glow when operating and, just as importantly, in volume at a
competitive cost, is unparalleled in the industry today," said
Paul Travers, President and CEO of
Vuzix. "We expect the addition of integrated waveguide
prescriptions to be scalable and aligned with existing industry
equipment and practices, allowing us to address a critical need for
AR smart glasses target applications in every market. Given that
64% of the global population requires some level of vision
correction, we believe the opportunity is significant."
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 350 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 2024 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 waveguides, the integration of prescription correction
optics, future capabilities, adaptability with existing industry
manufacturing techniques, 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
View original content to download
multimedia:https://www.prnewswire.com/news-releases/vuzix-expands-its-market-leadership-in-optical-waveguides-with-the-addition-of-integrated-vision-correction-prescriptions-302048350.html
SOURCE Vuzix Corporation