- Prototype units unveiled at this week's Augmented World Expo
USA 2024
ROCHESTER, N.Y., June 20,
2024 /PRNewswire/ -- 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 a strategic partnership with Avegant, a
renowned leader in light engine technology, to develop optimized
waveguide optical modules for use in future AI-enabled smart
glasses.
This partnership's objective is to integrate Avegant's compact
LCoS AG-30L2 30-degree light engine with a fully customized version
of Vuzix' next-generation full-color Incognito-enabled waveguide.
Together, Vuzix and Avegant will be creating an optimized and
complete AR display module that is intended to be used as an
optical reference design for AI-enabled fashion-forward consumer
smart glasses. This solution will be highly efficient, full color,
mass manufacturable, and lightweight. Further customization of the
waveguides provided from Vuzix will be available for OEMs including
the outer shape, tilt/rake angles, input/output locations, virtual
image location, and focus.
The first prototypes of this collaboration are being showcased
privately this week at Augmented World Expo USA 2024 (AWE), held June 18-20 at the Long Beach Convention &
Entertainment Center in Long Beach,
California. Attendees will have the opportunity to
experience the solution's cutting-edge optical performance
firsthand and witness the future of AI-enabled smart glasses. Both
Avegant and Vuzix will be showing the prototype demo.
Building on the momentum from AWE 2024, Vuzix and Avegant plan
to unveil a fully optimized version for OEMs at the Consumer
Electronics Show (CES) 2025 in Las Vegas,
Nevada. This version will mark a significant milestone in
the AR industry, showcasing a commercially ready reference design
(employing Vuzix' new integrated vision correction) that combines
the most advanced optical technology stacks from both
companies.
For more information or to schedule a meeting at AWE 2024,
please contact warren_russell@vuzix.com or
remi.lacombe@avegant.com.
"This partnership promises to advance the design and
introduction of full-color consumer smart glasses that people will
actually want to buy and wear. We look forward to working closely
with Avegant to further develop and finalize the combined solutions
on which we are currently working," said Paul Travers, President and Chief Executive
Officer at Vuzix. "Avegant's AG-30L2 LCoS light engine is a
compact full color device that pairs very well with our
industry-leading waveguides to deliver a color rich display
experience that the consumer market is craving."
About Avegant
Avegant is a well-funded, venture-backed technology company
developing next-generation display technology to enable previously
impossible augmented reality experiences. The company uses its deep
scientific understanding of human sight and head-mounted display
technologies together with its consumer electronics manufacturing
experience to develop displays that enable realistic AR experiences
for consumers. Since its inception, Avegant has developed numerous
technologies ranging from the first consumer wearable high-quality
head-mounted display, to lightfield and foveated displays and, more
recently, the smallest LCoS light engine in production, the
AG-30L2. For more information, visit avegant.com.
About Vuzix Corporation
Vuzix is a leading designer, manufacturer and marketer of Smart
Glasses and Augmented Reality (AR) technologies and products for
the enterprise, medical, defense and consumer markets. The
Company's products include head-mounted smart personal display and
wearable computing devices that offer users a portable high-quality
viewing experience, provide solutions for mobility, wearable
displays and augmented reality, as well OEM waveguide optical
components and display engines. Vuzix holds more than 375 patents
and patents pending and numerous IP licenses in the fields of
optics, head-mounted displays, and augmented reality Video Eyewear
field. Moviynt, an SAP Certified ERP SaaS logistics solution
provider, is a Vuzix wholly owned subsidiary. The Company has won
Consumer Electronics Show (or CES) awards for innovation for the
years 2005 to 2024 and several wireless technology innovation
awards among others. Founded in 1997, Vuzix is a public company
(NASDAQ: VUZI) with offices in: Rochester, NY; Munich, Germany; and Kyoto and Tokyo, Japan. For more information,
visit the 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 Smart Glasses, our business relationship and future
business opportunities with Avegant, the competitiveness and
performance of the demonstrator units, any future OEM sales of the
developed AR display modules, 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.
Vuzix Media and Investor Relations Contact:
Ed McGregor, Director of Investor
Relations,
Vuzix Corporation
ed_mcgregor@vuzix.com
Tel: (585) 359-5985
Vuzix Corporation, 25 Hendrix Road, West Henrietta, NY 14586 USA,
Investor Information – IR@vuzix.com www.vuzix.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/vuzix-nasdaqvuzi-and-avegant-announce-strategic-partnership-to-develop-full-color-optical-reference-design-for-ai-enabled-consumer-smart-glasses-302178108.html
SOURCE Vuzix Corporation