CH Four Biogas Deploys Vuzix Smart Glasses to Reduce its Costs and Carbon Footprint for Remote Inspections

Rhea-AI Summary

On December 9, 2020, Vuzix Corporation (NASDAQ: VUZI) announced that CH Four Biogas has started using Vuzix M400 Smart Glasses for remote plant inspections. This innovation allows inspections to be conducted efficiently without the need for travel, supporting CH Four's commitment to sustainability by reducing carbon emissions. Vuzix's technology promises significant time and travel savings, enhancing operational efficiency for clients in renewable energy.

Positive

• Deployment of Vuzix M400 Smart Glasses enhances operational efficiency for CH Four Biogas.
• Remote inspections reduce the need for extensive travel, aiding in carbon footprint reduction.
• Significant time and travel cost savings for clients, offering a strong return on investment.

Negative

• None.

ROCHESTER, N.Y., Dec. 9, 2020 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, today announced that CH Four Biogas®, a leading producer of anaerobic digestion and alternative energy installations, has begun deploying Vuzix M400 Smart Glasses to assist field operators performing plant inspections remotely. This time and travel saving solution supports the renewable energy company's strategic commitment to scale their operations in North America, while eliminating the need to send inspectors to remote installations, thereby reducing overall carbon emissions in the process.   

CH Four Biogas's plant construction operations require frequent inspections to ensure contractual and building requirements are met.  Using Vuzix M400 Smart Glasses, these costly inspections can now be conducted remotely, enabling operators on site to use the smart glasses' see-what-I-see feature to allow an inspector hundreds of miles away to perform a precise, efficient inspection. Using Vuzix Smart Glasses, the company aims to reduce travel to rural installations by thousands of miles a year.

"Some of our engagements require three flights and a rental car for just a two-hour inspection. As a green energy company, we're motivated to adapt new ways to reduce our emissions footprint and provide our clients with the highest levels of service," said Dave Lapointe, Sr. Design Engineer for CH Four Biogas. "Vuzix Smart Glasses technology will enable us to manage more projects in more diverse locations, keeping our team safe and in compliance with pandemic restrictions without unnecessary delays. We're doubling down on our mission to create renewable energy solutions in a way that's sustainable long term for the environment, and most operationally effective for all."

"There's no question that Vuzix is changing the way that work happens across industries. We give our customers the means to virtually share their expertise, whether it's in the operating room, in the warehouse, or inspecting multi-million dollar renewable energy installations. Our products can provide a sizable return on investment in terms of time and travel savings and it's no wonder this technology is fast becoming a key competitive advantage for our customers," said Paul Travers, President and CEO of Vuzix.

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 179 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 2020 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.  For more information, visit 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' existing and future business growth and success with CH Four Biogas, expected cost savings being achievable, 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:

Ed McGregor, Director of 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

FAQ

What is the significance of CH Four Biogas using Vuzix M400 Smart Glasses?

The use of Vuzix M400 Smart Glasses by CH Four Biogas allows for efficient remote inspections, reducing travel and supporting sustainability efforts.

How is Vuzix technology impacting the renewable energy sector?

Vuzix technology provides a competitive advantage by enabling remote project management and inspections, thereby saving time and reducing emissions.

What are the expected benefits for CH Four Biogas from using Vuzix Smart Glasses?

Expected benefits include reduced travel costs, enhanced compliance with safety regulations, and improved operational efficiency in plant inspections.