NES Specifies Vuzix M400 Smart Glasses for its NeoFace KAOATO Facial Recognition System

Rhea-AI Summary

Vuzix Corporation (NASDAQ: VUZI) announced a collaboration with NEC Solution Innovators Ltd. (NES), which selected Vuzix M400 Smart Glasses for its NeoFace KAOATO Facial Recognition System. This system, acclaimed by the U.S. National Institute of Standards and Technology, enhances recognition capabilities in locations unsuitable for fixed cameras, improving visitor tracking in commercial and public facilities. Paul Travers, CEO of Vuzix, expressed confidence in the partnership and the M400's capabilities, which feature 4K HD camera technology for high-quality image capture.

Positive

• Collaboration with NEC Solution Innovators to enhance facial recognition technology.
• NEC's NeoFace KAOATO system recognized as the best by the U.S. National Institute of Standards and Technology.
• Vuzix M400 Smart Glasses features 4K HD camera, aiding in real-time facial recognition.

Negative

• None.

ROCHESTER, N.Y., Dec. 29, 2021 /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 NEC Solution Innovators Ltd. ("NES"), a multinational information technology and electronics company and leading system integrator in Japan, has specified the use of Vuzix M400™ Smart Glasses for its NeoFace KAOATO Facial Recognition System.

NES's facial recognition technology has been rated the best in the world by the globally authoritative U.S. National Institute of Standards and Technology. The NeoFace KAOATO facial recognition system, designed for use in commercial facilities and public facilities including department stores, supermarkets, schools and hospitals, utilizes the M400's 4K HD camera to perform facial recognition in real time. This enables recognition in certain locations where fixed cameras cannot be installed and allows detection of visitors' entries more effectively.

"We are pleased to be specified as the smart glasses solution within such a comprehensive identification system by a recognized leader in the space," said Paul Travers, President and CEO of Vuzix. "Vuzix M400 Smart Glasses provides studio quality picture and video capture with auto-focus and image stabilization, making it an ideal device for facial recognition applications. We look forward to working with NES and supporting the successful deployment of its NeoFace KAOATO Facial Recognition System."

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 243 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 2022 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 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 opportunities with NES and its customers, 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

 

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SOURCE Vuzix Corporation

FAQ

What is the collaboration between Vuzix and NEC about?

Vuzix partnered with NEC Solution Innovators to provide M400 Smart Glasses for the NeoFace KAOATO Facial Recognition System.

What technology does the Vuzix M400 Smart Glasses utilize?

The Vuzix M400 Smart Glasses feature a 4K HD camera for high-quality image capture and real-time facial recognition.

How was the NeoFace KAOATO Facial Recognition System rated?

The NeoFace KAOATO system was rated the best in the world by the U.S. National Institute of Standards and Technology.

What markets does Vuzix primarily serve?

Vuzix supplies Smart Glasses and Augmented Reality technology for consumer and enterprise markets.

What is the stock symbol for Vuzix Corporation?

The stock symbol for Vuzix Corporation is VUZI.