Vuzix Corporation
TSX VENTURE : VZX

Vuzix Corporation

June 09, 2010 09:00 ET

Vuzix Receives $3.3 Million Follow-On Display Engine Electronics Order

ROCHESTER, NEW YORK--(Marketwire - June 9, 2010) - Vuzix Corporation (TSX VENTURE:VZX) announced today that it has received a $3.3M follow-on production order for display engine electronics for the U.S. Army's Thermal Weapon Sight (TWS) program. This order, to be fulfilled over the next 6- 8 months, supports continued production of Vuzix' low power display electronics for the Light, Medium, and Heavy Thermal Weapon Sights (LTWS, MTWS, HTWS).

"Vuzix is part of a three company subcontracting team to the US military delivering our proprietary, high reliability, low power electronics modules" said Paul Travers president of Vuzix Corporation. "We look forward to additional orders for our products used in thermal weapon sights, thermal night vision programs, and the upgrades to the low-light image intensifiers currently in the field."

Vuzix has a line of electronics and display engine modules used for both thermal night vision and image intensifier upgrades.

About Vuzix Corporation

Vuzix is a leading manufacturer of Video Eyewear; personal display devices that provide users with portable high quality viewing experiences. Vuzix started in the defense sector with a focus on R&D of next generation display solutions for the US DoD and the Special Operations community, and today is a leading supplier of display products for digital night vision systems, tactical wearable displays, consumer products. Vuzix has 51 patents in the Video Eyewear field and provides solutions for mobile computing, tactical information display, video, virtual and augmented reality, and 3D entertainment. The Company addresses the defense, industrial, consumer and medical markets and has shipped well over 200,000 display solutions since its inception. Vuzix has won multiple CES Innovations Awards, the RetailVision Best New Product award, several wireless technology innovation awards, 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.

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.

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

  • Corporate Contact:
    Vuzix Corporation
    Paul J Travers
    585 359-7562
    or
    Investor Relations Contact:
    Vuzix Corporation
    Grant Russell
    CFO
    585 359-7562
    IR@vuzix.com