Business
Vuzix Will Provide Business Update, Discuss Revenue Growth Opportunities and Operational Focus at Annual Shareholder Meeting
ROCHESTER, N.Y., June 15, 2023 /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., June 15, 2023 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), (\"Vuzix\" or, the \"Company\"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, is re-announcing that the Company will be hosting its Annual Shareholder Meeting (ASM) today at 10:30 AM Eastern Time (ET). Shareholders and other interested parties are invited to participate in person or via webcast.\n\n \n \n \n \n \n \n\n \nFollowing the formal portion of the meeting, presentations will be given by Vuzix founder and CEO Paul Travers, COO Pete Jameson and Head of OEM Business Head Mike Lee. The speakers will discuss revenue growth opportunities across Enterprise, Defense and Military, and Consumer and Broader Markets, as well as provide insights into the operational scale of Vuzix' newest core technology manufacturing facilities to showcase the Company's ability to deliver innovative waveguide optics and related technology at scale. This event marks the first time Vuzix has opened its Rochester HQ doors to invited guests since June 2019. \nDuring the business update portion of the shareholder meeting, Vuzix will outline its path to leverage today's growth and interest in smart glasses, AR and AI technologies. The Company's ambition is to have the ability to produce millions of waveguides annually from its Rochester, NY manufacturing facilities to support expected growth and further adoption of enterprise smart glasses, OEM solutions in defense and military, and consumer and broader markets. \nMr. Travers will also provide select updates on the Company's progress in Q2 2023, including expectations of achieving record smart glasses revenue for the quarter. In-person guests will also have an opportunity to tour the Company's newest 12,000 square foot advanced waveguide manufacturing facility, sporting class 1000 cleanrooms and custom designed and built waveguide manufacturing equipment, which is currently under final construction adjacent to Vuzix' headquarters.\n\"We are building a vertically integrated enterprise smart glasses business with manufacturing in the USA that continues to gain traction in the global market,\" said Paul Travers, Vuzix CEO. \"Our commitment to investing in the future to build, sell and deploy wearable display products has positioned us as a leader in the enterprise smart glasses indust...