Vuzix Announces Follow-on OEM Enterprise Smart Glasses Order

Source:  Vuzix Corporation 3/11/19

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 has received a follow-on OEM purchase order.  This order is for approximately $1 million in M300C smart glasses. The follow-on smart glasses order falls under the 3-year supply agreement between the Company and its existing OEM partner.

"We are excited to see this relationship move forward and develop as originally expected," said Paul Travers, President and Chief Executive Officer at Vuzix. "The enterprise smart glasses market continues to move towards large scale adoption as smart glasses become a mainstream device helping to increase employee productivity. The global smart glasses market is expected to grow by 43% annually through 2022 (Research and Markets), reaching about $20 billion (ReportLinker), and this order represents one of what we expect to be many more proof points seen over the balance of this year."

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 website,  Twitter and Facebook pages.