Vuzix Files Patent on Next Generation Waveguide-Based AR Smart Glasses

News provided by

Jun 28, 2019, 13:30 ET

ROCHESTER, N.Y., June 28, 2019 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, announced it has filed a patent with the U.S. Patent & Trademark Office on next generation waveguide-based augmented reality smart glasses that are currently in development.

These next generation smart glasses would incorporate multiple components of Vuzix IP and technology/ecosystem it has built around smart glasses including:

Advanced ultra-thin waveguides
Custom large field of view (FOV) display engine
Next generation processor
Designed around latest eyeglasses materials and industrial design
Flexible for multiple sizes and fashion forward models
Supporting both monocular and binocular viewing systems
Built around Vuzix smart glasses ecosystem platform supporting development tools, cloud APIs and Vuzix App Store
Other advanced sensors for AR and UI applications

"The team at Vuzix continues to push the envelope of what is possible for smart glasses in terms of form factor and functionality without losing line of sight of consumer mass market requirements. Our most recent patent pending application related to the advanced industrial design of our next generation waveguide-based AR smart glasses currently in development will reset the bar for the entire industry," said Paul Travers, President and CEO of Vuzix.

About Vuzix Corporation

Vuzix is a leading supplier of Smart-Glasses and Augmented Reality (AR) technologies and products for the consumer and enterprise 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 augmented reality. Vuzix holds 153 patents and 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 2019 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, and Tokyo, Japan. For more information, visit 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 business growth, whether the filed patent will be successfully defended and issued, the ultimate value of the patent and the sales of products utilizing its claims, 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 [email protected] Tel: (585) 359-5985

Vuzix Corporation, 25 Hendrix Road, Suite A, West Henrietta, NY 14586 USA,
Investor Information – [email protected] www.vuzix.com

SOURCE Vuzix Corporation