Vuzix Enters Into Strategic Partnership with MPC Energy to Deliver M300 Smart Glasses and Next-Generation Energy Management Tools to Industrial Customers
ROCHESTER, N.Y., Sept. 21, 2017 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technologies and products for the consumer and enterprise markets, announced today a strategic partnership with Modular Process Control, LLC "MPC Energy"' to collaborate on the delivery of Vuzix industrial smart glasses and MPC Energy's Aura application to provide next-generation tools for the management of energy, resource consumption and conservation to industrial customers.
Vuzix' AR smart glasses will enable the delivery of real-time insights from MPC Energy to operators on the consumption of their energy for systems, machines and devices. The delivery of real-time insights to the machines via Vuzix smart glasses and Aura, MPC's smart manufacturing energy management system, will ultimately allow operators to adjust machines and processes in a way that optimizes production and resource consumption in concert with the organization's goals.
MPC Energy has been optimizing energy consumption for aluminum, gasoline, food, chemical, glass, electronics and textile manufacturers. From potato chips to microchips, refineries to foundries; MPC Energy has been shrinking the energy footprints of its global customers and reducing the amount of energy required to produce the products they consume.
Vuzix will be attending the World Engineering Energy Conference (WEEC) with MPC Energy on September 27-29 in Atlanta, Georgia at Booth #222 to showcase the Vuzix M300 and Aura, MPC's smart manufacturing energy management system.
"The team at MPC Energy has established a legacy over the last 37 years in operational excellence and driving productivity and cost savings in over 100 manufacturing plants for its industrial customers," said Matt Ratteree, President of MPC Energy. "We're excited to partner with Vuzix to bring the value proposition of predictive maintenance to our end customers through the use of Vuzix AR Smart Glasses and MPC Aura."
"MPC Energy's next generation management tools paired up with Vuzix M300 smart glasses will drive new business opportunities for Vuzix with some world class customers in the industrial space," said Paul Travers, President and CEO of Vuzix.
About Modular Process Control LLC "MPC Energy"
Modular Process Control LLC "MPC Energy" http://www.mpcenergyllc.com/ provides energy management solutions. The Company offers cloud-based energy management information system, and energy monitoring services. Modular Process Control operates in the United States.
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 virtual and augmented reality. Vuzix holds 58 patents and 37 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 2017 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.
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 success of our relationship with MPC and among other things the Company's leadership in the Video Eyewear, VR 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:
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SOURCE Vuzix Corporation
Released September 21, 2017