Vuzix Begins Shipments of its Lenovo Co-Branded M100 Smart Glasses into China and Announces SAP's Release of AR Applications for Vuzix Hardware

ROCHESTER, N.Y., Sept. 10, 2014 /PRNewswire/ -- Vuzix® Corporation (OTCQB: VUZI), a leading supplier of Video Eyewear and Smart Glasses products in the consumer, commercial and entertainment markets, is pleased to announce that it has commenced first volume shipments of its M100 Smart Glasses to Lenovo China. Vuzix has worked closely with Lenovo to develop the award-winning Vuzix M100 Smart Glasses, co-branded with Lenovo NBD (New Business Development) Group, for the Chinese marketplace to create an optimized Smart Glasses experience with enhanced operating systems for a growing ecosystem and application base. This version will be sold and marketed by Lenovo across China with further shipments expected to take place this fall.

Continuing the expansion of available M100 Smart Glass applications, this week SAP announced that it will be showcasing two forthcoming augmented reality (AR) apps at the CTIA 2014, held on September 9^th-11^th in Las Vegas. The SAP^® AR Warehouse Picker mobile app and SAP AR Service Technician mobile app are designed to help simplify and improve the user experience and work processes by offering a hands-free working experience and streamlined process that, for example, allow warehouse picking as much as 2 times faster than current methods.

Vuzix CEO and President Paul J. Travers said, "We are excited with the progress we have been making with industry leading companies like Lenovo, SAP and others.  In July we announced our agreement with Lenovo to market and ship our award-winning M100 Smart Glasses throughout China, which has generated an immediate positive impact on the business to further expand our revenue base. In addition, we have been working closely with SAP to develop Smart Glasses based productivity applications for the industrial user base and look forward to assisting them with many successful implementations of their software around the M100." Travers added, "It is great to see these industry leaders adopt and support Vuzix technology.  It's a vote of confidence in wearable technology and more specifically in Vuzix and our offerings."

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 display 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 39 patents and 10 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 2014 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 and include the sales and success of the Lenovo sales program of the M100 Smart Glasses in China, the success of the new SAP AR applications and its impact on our M100 business, and 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.

For further information:

Investor Relations Contact:

Andrew Haag  
Managing Partner  
IRTH Communications   
[email protected] 
877-368-3566

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SOURCE Vuzix Corporation

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