Vuzix Corporation

Vuzix Corporation

February 24, 2010 09:33 ET

Vuzix Corporation Receives $1 Million Initial Order for Rugged Display Modules

ROCHESTER, NEW YORK--(Marketwire - Feb. 24, 2010) - Vuzix Corporation (TSX VENTURE:VZX) announced today that it has received initial orders for a custom rugged display module to be delivered as part of a man portable thermal Imaging system.

This ruggedized display engine is part of a system that has been designed to clip on to existing military night-vision goggles. This upgrade adds thermal imaging capabilities to the image intensified low-light imagers currently in the field. Such dual capability has been long sought by the military and is intended to enhance imagery obtainable from the existing night vision goggles and provide images in circumstances where physical barriers, atmospheric conditions, or lack of light limit the effectiveness of the existing goggles. Vuzix will supply these ruggedized display modules, based on its proprietary technologies, as a subcontractor. This first order is slightly more than $1 million for Vuzix with deliveries scheduled over 12 months beginning late this March.

Vuzix CEO, Paul Travers, stated: "We have been working on this system for over a year and are excited to see the product going into full production to support our troops".

Forward-Looking Statements Disclaimer

Certain statements contained in this 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 may relate to, among other things, future products, product features and applications. They are generally identified by words such as "plans," "seeks," "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 from those projected in the Company's forward-looking statements due to, among other things, our ability to raise necessary capital; government regulation of our technologies; our ability to enforce our intellectual property rights and protect our proprietary technologies; the timing of new product launches; delays in product development; and dependence on third parties for certain key components. These risk factors and others are described in the Company's reports filed with the United States Securities and Exchange Commission and applicable Canadian securities regulators. 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.

About Vuzix Corporation

Vuzix Corporation manufactures personal display devices for the entertainment, defense, industrial and low vision medical markets. Vuzix products provide users with a portable and private big screen experience that delivers big screen mobile entertainment in the consumer markets, low vision assist in the medical markets and tactical information in the defense markets. The company is revolutionizing the mobile display industry and aims to continue to create products that enrich the lives of its customers. Vuzix has won six CES Innovations Awards since 2005, the 2008 RetailVision Best New Product - Hardware Award among others. Founded in 1997, Vuzix recently became a public company listed on the TSX Venture Exchange (TSX VENTURE:VZX) with offices in Rochester, NY, London, UK and Tokyo, Japan.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Vuzix Corporate Contact:
    Grant Russell
    (585) 359-7562