Vuzix Begins Shipping the First Ever Sunglass Form Augmented Reality Wrap 920AR Video Eyewear
ROCHESTER, NY -- (MARKET WIRE) -- 10/06/10 -- Vuzix Corporation (TSX-V: VZX) (OTCBB: VUZI), a leader in video eyewear, today announced that it is now shipping the PC version of its much-anticipated Augmented Reality Wrap 920AR sunglasses, which were recently featured in the September issue of National Geographic Magazine. Early shipments are being made available to research and industrial organizations and to universities. The company expects to ship to its retail partners in the first quarter of 2011. The glasses, which are the world's first augmented and mixed reality sunglasses, enable wearers to view the real-world environment and computer-generated imagery and data seamlessly, bringing mixed and augmented reality content to life.
Paul Travers, CEO Vuzix Corporation, said, "The Wrap 920AR breaks the barriers between real and virtual world consumer experiences and brings a world changing capability to the market in a state-of-the-art form factor."
Mr. Travers continued, "With the Wrap 920AR video game developers and other publishers can design characters to come to life in your living room. Magazines and books can have animated links back to the web in real time. Further, there is countless business, education and health care applications that we anticipate our product will be used for, such as assembly, maintenance, warehouse management and logistics, medical surgery, training and education. With our software development kit (SDK), which has now shipped to more than 2,700 application developers, we anticipate thousands of new, heretofore unachievable, applications to come to the market in the future."
Available only in limited quantity, early shipments of the Wrap 920AR retail for $1,995, bundled with Vuzix's MAXimum3D software, a plug-in for Autodesk® 3ds Max® Design software. MAXimum3D enables developers, designers, architects and animators to simply export their designs and characters, whether they be objects, structures, apartments, industrial designs or whole cities, so that they appear in the real world through the Wrap 920AR glasses.
About Vuzix Corporation
Vuzix is a leading manufacturer of Video Eyewear; personal display devices that provide users with portable high quality viewing experiences. Vuzix started in the defense sector with a focus on R&D of next generation display solutions for the US DoD and the Special Operations community, and today is a leading supplier of display products for thermal sighting systems, tactical wearable displays and consumer products. Vuzix has 51 patents in the Video Eyewear field and provides solutions for mobile computing, tactical information display, video, virtual and augmented reality, and 3D entertainment. The Company addresses the defence, industrial, consumer and medical markets and has shipped well over 200,000 display solutions since its inception. Vuzix has won multiple CES Innovations Awards, the RetailVision Best New Product award, and several wireless technology innovation awards, among others. Founded in 1997, Vuzix recently became a public company listed on the TSX Venture Exchange (TSX-V: VZX). Its stock is also listed in the U.S. (OTCBB: VUZI). The company has offices in Rochester, NY, London, UK and Tokyo, Japan. For more information please visit our website, www.vuzix.com.
Forward-Looking Statements Disclaimer
Certain statements contained in this 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 may relate to, among other things, future products, product features and applications. They are generally identified by words such as "plans," "seeks," "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 from those projected in the Company's forward-looking statements due to, among other things, our ability to raise necessary capital; government regulation of our technologies; our ability to enforce our intellectual property rights and protect our proprietary technologies; the timing of new product launches; delays in product development; and dependence on third parties for certain key components. These risk factors and others are described in the Company's reports filed with the United States Securities and Exchange Commission and applicable Canadian securities regulators. 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.
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<b>Press and Investor Relations Contact:</b> Charlotte J. Walker VP Corporation Communications 75 Town Centre Dr Rochester, NY 14623 Email Contact Tel: +1-585 359-5910
Released October 6, 2010