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SOURCE Vuzix Corporation
VUZIX/Uvex Safety Group GmbH & Co. KG, Germany Co-Developing Technology and Solutions for Smart Glasses
ROCHESTER, N.Y., Dec. 23, 2013 /PRNewswire/ -- Vuzix® Corporation (OTCQB: VUZI), a leading supplier of Video Eyewear and Smart Glasses products in the enterprise and consumer markets, today announced a joint collaboration agreement with Uvex Safety Group GmbH & Co. KG, Germany. Both companies will explore marketing and co-development efforts utilizing Vuzix experience and IP in optics and wearable technology and Uvex Safety Group GmbH & Co. KG's experience and IP for personal protective eyewear; with a goal to advance the current state of Smart Glasses technology and develop integrated innovative solutions for enterprise users. As a first effort, Vuzix M100 Smart Glasses will be bundled with a pair of Vuzix branded i3 safety glasses and custom mounting hardware for using the M100 on either the left or right eye which is designed and manufactured by Uvex Safety Group GmbH & Co KG, Germany.
"The current Smart Glasses revolution is bringing companies together that hold significant IP in their respective industries," said Vuzix President and CEO Paul Travers. "Uniquely in this case, many of the enterprise and medical market customers for Vuzix M100 Smart Glasses require safety glasses of some type. This makes the collaboration between Vuzix and Uvex Safety Group GmbH & Co. KG, Germany a perfect fit as the parties offer best in class solutions for personal protective eyewear, wearable displays and smart glasses."
Recently Vuzix announced availability of the Smart Glasses M100. The M100 contains a virtual display with integrated camera and powerful processing engine, running the Android® OS, to wirelessly connect via BT or WiFi to your smartphone (iOS® or Android) or other compatible device. Designed to run applications in standalone operation or connected to the internet, the M100 works in harmony with your smartphone to open a plethora of existing and future applications. These include enterprise applications where the M100 plays a practical role in a wide variety of situations, ranging from warehousing, airports, hospitals and more.
The M100 Smart Glasses are now available for order on the Vuzix website for $999.99 and includes an OEM version of Uvex Safety Group GmbH & Co. KG, Germany protective eyewear.
"Uvex Safety Group GmbH & Co. KG prides itself on providing the best in class products," said Stefan Bruck, CEO Uvex Safety Group GmbH & Co. KG, Germany. "Our motto, "protecting people" is what drives our innovation and technology partnerships. We believe that our developing relationship with Vuzix is in the best interest of our company and customers. We are excited by the possibilities of the new products that are being contemplated through this collaboration."
About Vuzix Corporation
Vuzix is a leading supplier of Video Eyewear and Smart Glasses products in the consumer, commercial and entertainment markets. The Company's products include personal displays, smart glasses and wearable computing devices that offer users a portable high quality viewing experience, provide solutions for mobility, wearable displays and virtual and augmented reality. Vuzix holds 36 patents and 12 additional patents pending and numerous IP licenses in the Video Eyewear field. The Company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2013 and several wireless technology innovation awards, among others. Founded in 1997, Vuzix is a public company (VUZI: QB) with offices in Rochester, NY, Oxford, UK and Tokyo, Japan.
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 potential outcome of the development partnership around the M100 Smart Glasses, future business, the value of the IP portfolio, among other things, and the Company's leadership in the Video Eyewear 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.
About The Uvex Safety Group GmbH & Co. KG, Germany
Uvex Safety Group GmbH & Co. KG having its seat in Fuerth, Germany is a 100 % subsidiary of the Uvex Winter Holding GmbH & Co. KG, Germany. The Uvex Winter Holding GmbH & Co. KG brings together three globally active companies under one roof: the Uvex Safety Group GmbH & Co.KG, the Uvex Sports Group GmbH & Co. KG and Filtral GmbH & Co. Vertriebs KG. The business of the Uvex Winter Holding GmbH & Co. KG is represented in 22 countries by 41 subsidiaries in Europe, Asia, Australia and Africa but chooses to do most of its manufacturing in Germany. Two thirds of the company's 2,075-strong workforce (as of 30 June 2012) is employed in Germany. Uvex Sports Group GmbH & Co. KG is a global partner to international elite sport and equips a host of top athletes. The motto "protecting people" is at the heart of the company's activities.
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