Vuzix and AmbiFi Join Forces to Provide Ambient Technology Solutions for Healthcare Practitioners

Rhea-AI Summary

On October 7, 2021, Vuzix Corporation (NASDAQ: VUZI) announced a partnership with AmbiFi to enhance Smart Glasses adoption in healthcare. The collaboration aims to facilitate hands-free access to clinical procedures and documentation through Vuzix Smart Glasses, including the M400 and M4000 models. AmbiFi's services promise improved efficiency, safety, and reduced costs for healthcare practitioners. The companies will host a webinar on October 12 and showcase their solution at the HLTH 2021 event in Boston from October 17-20.

Positive

• Partnership with AmbiFi enhances Smart Glasses adoption in healthcare.
• Vuzix Smart Glasses enable hands-free access to clinical procedures, improving efficiency.
• AmbiFi's solution potentially lowers costs and improves safety for healthcare professionals.

Negative

• None.

ROCHESTER, N.Y., Oct. 7, 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 it and AmbiFi, an advanced software as a service (SaaS) ambient computing company, are partnering to lower the barriers to adopting Smart Glasses for healthcare. The combined solution will similarly benefit the manufacturing and services industries.

Using AmbiFi's solution is like having experienced clinicians by your side providing a cognitive net - teaching, documenting EHRs, guiding users every step of the way, except it's done on a secure mobile device. AmbiFi provides healthcare professionals hands-free voice access to peer reviewed and approved procedures, protocols and pathways using Vuzix Smart Glasses including the Vuzix M400 and M4000 Smart Glasses, which carry IEC 60601-1-2:2014 certification as medical electrical equipment meeting EMC safety standards.

Customers can now use Vuzix Smart Glasses while AmbiFi manages all the interaction and rich media content such as video, voice, images and text. Other functionalities include no-code collaborative authoring, clinical peer review and approval workflows, automated procedure tracking and analytics, live collaboration, voice recognition & transcription, global multi-language deployment (online and offline players) and integration services including AmbiFi APIs, FHIR EHR integration, xAPI and SCORM for LMS tracking & reporting, medical devices, IoT and other systems to inform procedures, audits, decision support and BI integration services.

"Vuzix Smart Glasses provide the perfect form factor for our customers to directly close skill and experience gaps, improving performance, safety, efficiency, quality and engagement while lowering costs.  They can experience 5X improvements in investments they already must make in traditional documentation and training by empowering experts with AmbiFi's no-code creator platform, to capture, learn and share knowledge experiences - hands-free at the human moment of need - so everyone can focus on what is important, error free, anywhere and anytime for the best possible outcomes," stated James Sharpe, Chief Growth Manager at AmbiFi.

"Healthcare continues to be one of our most dynamically growing markets and our new partnership with AmbiFi certainly supports this momentum," said Paul Travers, President and CEO of Vuzix. "The healthcare industry is increasingly embracing remote support to boost productivity, procedure outcomes and worker safety among other things. Combined solutions such as what AmbiFi and Vuzix will now offer are becoming essential tools within the industry."

Vuzix and AmbiFi will be hosting a webinar to discuss their joint healthcare solution. Interested parties that would like to learn more can register for this webinar via the link below.

Date: October 12^th, 2021

Start Time: 2:00 PM Eastern Time (ET)

Webinar/Registration Link: https://vuzix.zoom.us/j/91989912717

Additionally, Vuzix and AmbiFi will be showcasing their combined solution at HLTH 2021 in Boston on October 17-20. More on this event can be found at https://www.hlth.com/event.

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 210 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 2021 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 AmbiFi 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 partnership between Vuzix and AmbiFi about?

The partnership aims to enhance the adoption of Smart Glasses in healthcare by providing hands-free access to clinical procedures and documentation.

When is the webinar hosted by Vuzix and AmbiFi?

The webinar is scheduled for October 12, 2021, at 2:00 PM Eastern Time.

Where will Vuzix showcase its solution?

Vuzix will showcase its solution at the HLTH 2021 event in Boston from October 17-20, 2021.

What models of Smart Glasses does Vuzix offer?

Vuzix offers the M400 and M4000 Smart Glasses that meet medical safety standards.

What benefits do Vuzix Smart Glasses provide in healthcare?

Vuzix Smart Glasses provide improved efficiency, safety, and cost reduction for healthcare practitioners.