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­­­­SHL Group Deploys Vuzix Smart Glasses for Business Continuity, Training and Remote Inspection

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Vuzix Corporation (NASDAQ: VUZI) announced the deployment of its M400 Smart Glasses by SHL Group for remote support, starting with its Taiwan locations. The glasses help overcome COVID-19-related travel restrictions, enabling remote audits, engineering training, and vendor inspections. This initiative reflects Vuzix's commitment to maintaining business continuity during the pandemic. The company has a robust patent portfolio and has won multiple CES awards. Vuzix aims to solidify its position in the Smart Glasses and AR technology market.

Positive
  • Deployment of M400 Smart Glasses by SHL Group enhances remote support capabilities.
  • Enables efficient remote audits and training amid COVID-19 restrictions.
  • Positions Vuzix as a key player in the Smart Glasses and AR technology market.
Negative
  • None.

ROCHESTER, N.Y., Oct. 12, 2020 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, announced that SHL Group (Scandinavian Health Ltd) has commenced deployment of Vuzix M400 Smart Glasses to provide remote support, beginning with its Taiwan locations. 

SHL Group is a world-leading solution provider in the design, development and manufacture of advanced drug delivery devices such as auto injectors, pen injectors and advanced inhaler systems.  SHL Group consists of several group companies including SHL Medical, which designs, develops and manufactures advanced drug delivery devices, as well as provides final assembly, labeling and packaging services for leading pharmaceutical and biotech companies across the globe, SHL Healthcare, which develops and manufactures equipment solutions for home, hospital and long-term care use and SHL Technologies, a contract manufacturing and engineering services provider for the production of complex medtech and industrial products.

The COVID-19 pandemic requires SHL auditors to quarantine for two weeks, which makes it difficult and expensive to perform audits.  With hands-free smart glasses from Vuzix, operational staff are now able to support audits remotely through peer-to-peer video calling over the M400 Smart Glasses.  The COVID-19 pandemic has also made it very difficult for SHL to travel and gather for engineering training.  With the Vuzix M400 Smart Glasses, engineering staff can now be trained remotely and provided hands-free setup and guidance for new equipment activations in the field.  Finally, on-site visits by vendors located overseas used to require travel to and from foreign sites. With the Vuzix M400 Smart Glasses, vendors now can connect with technical experts to perform troubleshooting and remote inspection without having to be on premise.

"Vuzix Smart Glasses are being used all over the world to support business continuity during the COVID-19 pandemic," said Paul Travers, President and CEO of Vuzix.  "The team at SHL is deploying Vuzix Smart Glasses into operations to combat travel restrictions and physical social distancing restrictions put in place by the global pandemic." 

SHL's implementation of the Vuzix M400 to provide remote support for quality control and quality assurance for internal use, customers and third parties can be viewed through the following link: http://experience.shl-medical.com/quality.html#QualityControl_QualityAssurance.

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' business growth with SHL Group 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 recent partnership between Vuzix and SHL Group?

Vuzix's M400 Smart Glasses are being deployed by SHL Group to enhance remote support for audits and training due to COVID-19.

How are Vuzix Smart Glasses being used during the pandemic?

They are facilitating remote audits, engineering training, and vendor inspections, reducing the need for physical presence.

What is Vuzix's stock symbol?

Vuzix trades on NASDAQ under the symbol VUZI.

Where is Vuzix Corporation based?

Vuzix Corporation is based in Rochester, New York.

What technologies does Vuzix specialize in?

Vuzix specializes in Smart Glasses and Augmented Reality (AR) technologies.

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