Vuzix Issues Letter to Shareholders
ROCHESTER, N.Y., Oct. 17, 2013 /PRNewswire/ -- Vuzix Corporation (OTC:QB: VUZI), a leading supplier of Video Eyewear and Smart Glasses products in the consumer, commercial and entertainment markets, announced today that it has issued a Letter to Shareholders.
(Logo: http://photos.prnewswire.com/prnh/20130516/NY15123LOGO )
Highlights of the letter include:
| · | Upcoming product releases including Vuzix' highly-anticipated, award winning smart glasses Vuzix M100, the M2000AR monocular for industrial applications, and new Wrap Video Eyewear products |
| · | Recap of media coverage featuring Vuzix in Forbes, Wired, Scientific American, and USA Today and favorable industry trends in wearable tech including market opportunity |
| · | Enthusiastic reception of M100 in Japan at NTT Docomo CEATEC where people waited as long as 90 minutes to experience the M100 |
| · | Improved distribution and sales channels expanded into 50 countries |
| · | Growing patent portfolio now includes 48 patents issued and pending worldwide |
| · | Recent capital raise of $8 million and strengthened balance sheet |
To read the Letter to Shareholders in full, please visit: http://www.vuzix.com/corporate/presentations.html
About Vuzix Corporation
Vuzix is a leading supplier of Video Eyewear products in the consumer, commercial and entertainment markets. The Company's products
include personal displays and wearable computing devices that offer users a portable high quality viewing experience, provide solutions
for mobility, wearable displays and virtual and augmented reality. Vuzix holds 33 patents and 15 additional 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 2013 and several wireless technology innovation awards, among others. Founded in 1997, Vuzix is a public company
(VUZI) with offices in Rochester, NY, Oxford, UK and Tokyo, Japan.
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 and include the completion of the M100 Smart Glasses, M2000AR and Wrap Video Eyewear for volume manufacturing, distribution
channel product demand, future business and development work, the value of the IP portfolio, among other things, and the Company's
leadership in the Video Eyewear 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.
For further investor and media information contact:
Andrew Haag
Managing Partner
IRTH Communications
vuzi@irthcommunications.com
1-866-976-IRTH (4784)
or IR@Vuzix.com or 585-359-7562