SOURCE: Vuzix Corporation

Vuzix Corporation

February 25, 2011 12:35 ET

Vuzix Grants Incentive Stock Options

ROCHESTER, NY--(Marketwire - February 25, 2011) - Vuzix Corporation (TSX-V: VZX) (OTCBB: VUZI) ("Vuzix" or the "Company") announced today it has granted stock options to its external directors and two new officers of the Company to purchase up to an aggregate of 2,600,000 common shares of the Company, exercisable at the price of $0.15 per share, subject to regulatory approval. The option agreements to be issued will be subject to the Toronto Stock Exchange four (4) month hold period and are granted in accordance with the Company's Stock Option Plan.

About Vuzix Corporation

Vuzix is a leading supplier of Video Eyewear products in the defense, consumer and media & entertainment markets. The Company's products, personal display devices that offer users a portable high quality viewing experience, provide solutions for mobility, thermal sighting systems, tactical wearable displays and virtual and augmented reality. With its origins in defense research and development for next generation display solutions, Vuzix holds over 51 patents in the Video Eyewear field. The company has won 9 Consumer Electronics Show Innovations Awards, the RetailVision Best New Product and several wireless technology innovation awards, among others. Founded in 1997, Vuzix is a public company (TSX-V: VZX) (OTCBB: VUZI) with offices in Rochester, NY, Oxford, UK and Tokyo, Japan. For more information visit www.vuzix.com.

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

  • For further press and product information, please contact:

    Charlotte Walker
    VP Corporate Communications
    Email Contact
    75 Town Centre Drive, Rochester, NY USA
    Tel: (585) 359-5910