ROCHESTER, N.Y., March 6,
2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ:
VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart
glasses and Augmented Reality (AR) technology and products, today
announced that Moviynt, its wholly owned subsidiary and SAP
Certified ERP SaaS logistics solution provider, will be showcasing
AI and machine learning on Vuzix AR smart glasses in booth B7454 at
Modex 2024, being held in the Georgia World Congress Center on
March 11-14 in Atlanta, Georgia.
MODEX 2024 will bring together the entire supply chain
ecosystem, over 1,175 of the leading manufacturing and supply chain
providers, to showcase end-to-end solutions. MODEX is owned and
produced by MHI, the nation's largest material handling, logistics
and supply chain association. MHI members include material handling
and logistics equipment and systems manufacturers, integrators,
consultants, publishers, and third-party logistics providers.
Moviynt is pioneering the integration of wearable technology
solutions, like Mobilium Edge, its mobile workforce application for
smart devices, and Vuzix AR smart glasses, to bring hands-free
efficiency to warehousing and logistics. At Modex 2024, Moviynt
will demonstrate the AI and machine learning capabilities of its
solution with an SAP backend materials handling demo that utilizes
the Vuzix smart glasses to capture images that are processed
real-time locally using AI and machine learning algorithms to
provide near instantaneous feedback and intelligence to the
individual package handler in less than a one second response time.
This solution is ideal for individuals involved in high throughput
facilities such as postal and third-party logistics to remove the
guessing game from the individual sorting packages in real-time by
providing them information in the heads-up display of Vuzix smart
glasses, resulting in a reduction of costly errors without
disrupting the user since they can perform their work completely
hands-free.
"Designed for the digital age, our solutions help accelerate
business transformation by giving frontline staff the tools that
connect them to SAP and other ERP systems without getting in the
way of what they need to do," states Philip
Matkovsky, CEO of Moviynt. "They are tailor made to run on
Vuzix smart glasses, among other wearable and handheld devices, to
provide AI and machine learning capabilities to the user. The dawn
of the augmented worker is upon us."
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; 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, Moviynt SaaS solutions 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
