Vuzix Corporation (NASDAQ: VUZI)

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Vuzix Announces Qualcomm Snapdragon XR1 Based Enterprise Smart Glasses

Rochester, NY – February 25, 2019 – Vuzix® Corporation (NASDAQ: VUZI), (“Vuzix” or, the “Company”), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products is pleased to announce the debut of Vuzix’ next generation enterprise smart glasses, the M400, one of the first products made commercially available using the Qualcomm® Snapdragon™ XR1 platform.

 

Since the Company’s collaboration with Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, was announced in May 2018, the teams have been actively engaged to develop the first Snapdragon XR1-based enterprise smart glasses.  The Vuzix M400 enterprise smart glasses will be unveiled at Mobile World Congress (MWC) taking place February 25-28, 2019 at the Fria Gran Via in Barcelona, Spain.

 

“Snapdragon XR1 is the first dedicated XR platform from Qualcomm Technologies targeted to the class of devices that Vuzix has mastered. Vuzix’ focus on wearability, experience, and form factor combined with XR1 will drive smart glasses to the next level,” said Hugo Swart, head of XR, Qualcomm Technologies, Inc. “Qualcomm Technologies is a strong believer in the smart glasses segment for the enterprise. We look forward to seeing our collaboration with Vuzix help scale adoption in enterprises and become a mainstream device to help increase employee productivity in the new era of AI and immersive computing.”

 

The Snapdragon XR1 platform integrates Qualcomm Technologies’ heterogeneous computing architecture including an ARM-based multicore Central Processing Unit (CPU), vector processor, Graphics Processing Unit (GPU) and Qualcomm® AI Engine. The Snapdragon XR1 allows for power efficient on-device processing of vision-based machine learning algorithms that can help with key Augmented Reality (AR) use cases like superior pose prediction, object classification, etc.  The Snapdragon XR1 platform was also designed to deliver an immersive User Interface (UI) experience, with features such as native voice processing, motion tracking, head tracking and more.

 

The new product, currently referred to as the Vuzix M400 Smart Glasses, is expected to enter volume production in summer 2019. Further details and pricing will be announced this spring as well as the commencement of an early engagement program for select developers and customers. Even with all its new capabilities and features, the product will be physically, mechanically and for most software 100% compatible with Vuzix’ existing M-Series products.

 

The new system will run the latest version of Android, offer USB-C connectivity, and have a host of hardware improvements covering near every major feature that should make it by far the most innovative and powerful set of enterprise smart glasses on the market.

 

“The Qualcomm Snapdragon XR1 platform with built-in Artificial Intelligence (AI) capabilities offers a platform of improved interactivity, power consumption, and thermal efficiency,” said Paul Travers, President and Chief Executive Officer at Vuzix.  “The Vuzix M400 Smart Glasses were designed to be best in class in enterprise and come equipped with Qualcomm’s XR1 processor; larger memory profile; better noise cancelling; a multifinger supported touchpad, built-in GPS and more. The M400 with the XR1 processor is, by almost every measure, an order of magnitude faster than current solutions on the market. The performance improvements also mean that for less processor intensive applications power consumption is expected to also be much less.  Qualcomm Technologies has been a great partner for Vuzix and we look forward to expanding our relationship to support the burgeoning AR smart glasses market.”

 

Qualcomm and Snapdragon are trademarks of Qualcomm Incorporated, registered in the United States and other countries.

 

Qualcomm Snapdragon and Qualcomm AI Engine are products Qualcomm Technologies, Inc., and/or its subsidiaries.

 

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 144 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, Barcelona, Spain and Tokyo, Japan.  For more information, visit Vuzix websiteTwitter 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 our business relationship with Qualcomm, the ultimate success and date of availability of Vuzix products based on the XR1 platform, 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:

Matt Margolis, Director of Corporate Communications and Investor Relations, Vuzix Corporation matt_margolis@vuzix.com Tel: (585) 359-5952

 

Ed McGregor, Director of Institutional Investor Relations, Vuzix Corporation ed_mcgregor@vuzix.com Tel: (585) 359-5985

 

Vuzix Corporation, 25 Hendrix Road, Suite A, West Henrietta, NY 14586 USA,

Investor Information – IR@vuzix.com www.vuzix.com

 

Source:  Vuzix® Corporation

Vuzix Exhibiting Industry Leading Smart Glasses Technology at Mobile World Congress 2019 in Barcelona

Rochester, NY – February 21, 2019 – Vuzix® Corporation (NASDAQ: VUZI), (“Vuzix” or, the “Company”), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, is pleased to announce that the Company will be attending Showstoppers on Sunday February 24th in Barcelona, Spain.  Vuzix will be demonstrating to media the latest features of Vuzix Blade® AR Smart Glasses that deliver increased functionality and new user experiences at Mobile World Congress (MWC), which will take place February 25-28 at Fira Gran Via in Barcelona, Spain.

 

Vuzix will be exhibiting at its main booth located at CS136 Congress Square.  Vuzix will be demonstrating the “Day in the Life with Blade” experience at MWC along with showing some new innovative products at the booth.  The Vuzix M300XL Smart Glasses built for enterprise will be featured alongside Vuzix enterprise software partners demonstrating their applications running at the Vuzix booth which includes AMA, Re’Flekt, Zerintia and Ubimax.

 

The Blade will also be demonstrated at the SK Telecom booth as part of MobiledgeX and SK Telecom’s demonstration of next generation connected devices and edge-enabled application experiences featuring 1000 Realities Mobile Edge Computing application running on the Vuzix Blade and at the Qualcomm booth as part of their advanced products showcase.

 

With the latest release of Blade OS 2.1 (available early March), Vuzix will be demonstrating several new features including:

 

  • Incoming phone call notifications for Android and iOS Blade users, including the option to answer, ignore or decline the phone call.
  • Navigation push instructions that include turn by turn driving notifications pushed from an Android phone directly into the display of the Blade.
  • Voice assistant support now includes a new single gesture control “shortcut” that will activate voice from any app or widget location.
  • GPS APIs that are now available from the phone through the Blade, which will open up a series of location-aware and location-based applications for the Blade, including the public release of the AccuWeather and Yelp applications.
  • The enablement of wireless photo and video sharing directly between the Blade and the smart phone for sharing video or pictures taken on the Blade with friends and family via email, messenger platforms and social media outlets.  

 

“The latest Blade OS and Vuzix Blade Companion apps provide Blade users with a powerful set of new capabilities and features that mark a significant step forward for the Vuzix Blade Smart Glasses,” said Paul Travers, Vuzix President and Chief Executive Officer.  “As exciting as these new features are, Vuzix is just getting started.   Throughout the year, Vuzix will be refining and adding new capabilities to the device. In the coming weeks, Blade users can expect the release of GPS-based applications including weather from AccuWeather and connections to local businesses via Yelp, as well as other Blade applications that include news, sports, entertainment and utility apps via the Vuzix App Store. In addition to these Blade enhancements we are very excited about our upcoming new enterprise products that are being demonstrated at MWC, all representing a significant leap ahead in smart glasses technologies and performance.

 

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 144 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, Barcelona, Spain 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 the Vuzix Blade Smart Glasses, Companion App, their features and performance 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:

Matt Margolis, Director of Corporate Communications and Investor Relations, Vuzix Corporation matt_margolis@vuzix.com Tel: (585) 359-5952

Ed McGregor, Director of Institutional Investor Relations, Vuzix Corporation ed_mcgregor@vuzix.com Tel: (585) 359-5985

Vuzix Corporation, 25 Hendrix Road, Suite A, West Henrietta, NY 14586 USA,
Investor Information – IR@vuzix.com www.vuzix.com

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SOURCE Vuzix Corporation

About Vuzix Corporation

 

Vuzix Is a Leading Developer of Smart and Augmented Reality Glasses

 

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 virtual and augmented reality. Vuzix holds 66 patents and 43 additional patents pending and numerous IP licenses in the near-eye display field.

 

The Company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2018 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.

 

 

Vuzix Designs and Manufactures Wearable Display Devices

 

The company is engaged in the design, manufacture, marketing and sale of wearable display devices. These devices are worn like eyeglasses and feature built-in video screens that enable the user to view and interact with video and digital content, including movies, video games, computer data and the Internet.

 

Our wearable display products are known commercially as Smart and Augmented Reality Glasses, Video iWear (Eyewear), head mounted displays or HMDs. These products are capable of providing virtual, large high-resolution screens and yet they can fit in a user’s pocket or purse and can be viewed practically anywhere, anytime. Vuzix devices can also be used for augmented reality applications, in which the wearer has their real world view augmented with computer generated information. Our products are designed to work with mobile electronic devices, including cell phones, laptop computers, tablets, and portable media players and gaming systems.

 

We produce and sell two main types of wearable display products: Smart Glasses for a variety of enterprise and commercial users and applications, including AR; and Video Viewing glasses, for on-the-go users as mobile displays for entertainment and gaming. Our products are available with varying features, including with and without application running computer processors, and are offered as either monocular or binocular display systems. With its origins in defense R&D for next-generation military display solutions, Vuzix is now just focused on pursuing the enterprise and consumer markets for wearable computing and personal AR display devices.

 

Extensive IP Covering Smart Glasses & Key Optics Technologies

 

As a respected industry pioneer, Vuzix maintains a strong intellectual property portfolio consisting of 66 patents issued and an additional 43 pending. Some of its competitive technology differentiators include Passive and Dynamic Holographic waveguide optics for existing 2D displays, reality gesture control and ambient light transmission control, LED micro scanning display engine, large field of view HD optics, full color waveguide optics and development plans for curved see-through optical surfaces.

 

Vuzix founders and management own 17% of its outstanding shares. Intel Corporation owns 49,626 Series A Convertible Preferred shares, which if converted represent an 18% ownership stake based on current number of outstanding common shares.

 

PRODUCTS

 

 

ADVANCED WAVEGUIDE OPTICS

Vuzix Blade® AR Smart Glasses

 

World’s FIRST AR Smart Glasses with Wave-Guide Technology

 

Perfect for any user, Vuzix Blade® delivers enhanced functionality for your on-the-go, hands-free, mobile computing requirements. Now you can stay connected and navigate without taking your phone out your pocket. Ideal for mobile applications – from social media such as Facebook to navigation, light augmented reality, HD photography and video recording.

 

 

ENHANCED FOR ENTERPRISE

M300XL Smart Glasses

 

The Vuzix M3OOXL is the New and Improved Smart Glasses for Hands-free Mobile Computing

 

Allowing unique efficient and accurate access to information, data collection, and communication, the M300XL is a complete tool. It provides the same hands-free experience as the M300 with new design and feedback systems that bring even more efficiency to the workplace. It supports a series of accessories enabling operations on the plant floor, construction site or warehouse.

 

 

FIELD PROVEN AND RELIABLE

M300 Smart Glasses

 

The Vuzix M3OO is the Next Generation of Smart Glasses for Hands-free Mobile Computing

 

Perfect for Enterprise, the Vuzix M300 Smart Glasses deliver enhanced functionality for commercial applications varying from field service to logistics to manufacturing and more. The M300 Smart Glasses provide a hands-free platform for access to digital information and collaborative tools. Now you can improve existing workflows and open new opportunities in industrial, medical, retail, supply chain, remote help desk, and other aspects of your business.

 

 

VIDEO & M300 Smart Glasses Kit

VUZIX Basics™

 

VUZIX Basics™ is the essential out-of-the-box applications optimized for Vuzix smart glasses.

 

Standard applications, simple to get started, simple to use, that immediately provide the fundamental benefits of Vuzix Smart Glasses to novice and expert users alike. Whether you are seeking a simple standard solution to immediately deploy to your workforce, or a fast, low cost proof of concept for smart glasses, the VUZIX Basics™ Apps is the solution.

 


 

Company Overview

 

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 66 patents and 43 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 2018 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.

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