Vuzix Selected by Verizon for Integration with its 5G-enabled EMS Solution to Deliver Enhanced Medical Augmented Reality for First Responders

Rhea-AI Summary

Vuzix Corporation (NASDAQ: VUZI) has partnered with Verizon to co-develop a 5G-enabled Smart Glasses EMS solution for first responders. This collaboration will allow Vuzix access to Verizon's 5G Ultra-Wideband network for six months to enhance their Smart Glasses technology. The goal is to provide real-time medical information and telehealth solutions for frontline workers. The new Smart Glasses will be showcased by Verizon in January 2021. Vuzix continues to demonstrate its commitment to innovation in Augmented Reality and holds 166 patents in the field.

Positive

• Partnership with Verizon enhances development of 5G-enabled Smart Glasses.
• Access to Verizon's 5G Ultra-Wideband network for six months supports innovation.
• New Smart Glasses technology aims to improve efficiency for first responders.

Negative

• None.

ROCHESTER, N.Y., July 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 the Company has been selected by Verizon to co-develop a 5G-enabled Smart Glasses EMS solution for first responders and public safety.  As part of the EMS Solutions Bundle Powered by Verizon 5G, Vuzix will have access to Verizon 5G specialists, engineers and Verizon's 5G Ultra-Wideband network over the next six months to  further develop, test and refine its 5G EMS Smart Glasses solution for first responders and public safety, which will be unveiled and showcased by Verizon in January 2021 in front of a community of leaders in the Emergency Management fields and Verizon leadership.

The Vuzix M400 and soon-to-be-launched waveguide-based M4000 Smart Glasses will help provide critical information en route to an emergency event or utilized on-scene to provide 911 call data to prep for treatment.  The heads-up display of the Vuzix Smart Glasses can provide equipment locations and treatment options and also overlay patient medical history, medications or alerts. For more information about Verizon's continued commitment to invest in public safety and support first responders, please visit 5G First Responder Lab.

"The COVID-19 global pandemic has created new challenges for EMS workers on the frontline and Vuzix Smart Glasses technology, in combination with Verizon's 5G Ultra-Wideband network, can help deliver hands-free critical patient information, telehealth and remote diagnostics solutions to assist frontline workers," said Paul Travers, Vuzix President and Chief Executive Officer. "We're excited to expand our relationship with Verizon and work together with them and their partners to offer a 5G EMS Vuzix Smart Glasses solution to the market for first responders and public safety."

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 166 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 the Vuzix Smart Glasses, our business opportunities with Verizon and with the 5G First Responder Lab program, the ultimate success of our participation in this program, 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 Vuzix doing with Verizon?

Vuzix has partnered with Verizon to co-develop a 5G-enabled Smart Glasses EMS solution for first responders.

When will the Vuzix Smart Glasses be showcased?

The Vuzix Smart Glasses are set to be unveiled in January 2021.

What technology will Vuzix Smart Glasses utilize?

The Vuzix Smart Glasses will utilize Verizon's 5G Ultra-Wideband network.

What are the benefits of the new Vuzix Smart Glasses solution?

The new Smart Glasses will provide real-time medical information and telehealth solutions to assist frontline workers.

How many patents does Vuzix hold?

Vuzix holds 166 patents and patents pending in the field of Smart Glasses and Augmented Reality.