Business
Vuzix Commences Shipment of Smart Glasses to Fulfill Follow-on OEM Purchase Order
ROCHESTER, N.Y., May 29, 2019 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and
About this update from Vuzix Corporation
[{"type":"text","content":"ROCHESTER, N.Y., May 29, 2019 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), (\"Vuzix\" or, the \"Company\"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, announces that the Company has shipped 1,250 M300C Smart Glasses to partially fulfill a follow-on purchase totaling approximately $1 million received from its OEM partner and previously announced in March 2019. \n\n \nThe balance of product deliveries for this order are expected to be delivered in the second quarter of 2019. The shipment of smart glasses related to the fulfillment of this follow-on order falls under the 3-year supply agreement between the Company and its existing OEM partner.\nAbout Vuzix Corporation \nVuzix 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 153 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 2019 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.\nForward-Looking Statements Disclaimer\nCertain 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 our business relationship with our OEM partner, future business 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 ot...