Fortune 50 Online Retailer Places Follow-Up Order for Vuzix Smart Glasses to Support Expanded Warehouse Utilization | News

ROCHESTER, NY, March 4, 2022 /PRNewswire/ — Vuzix® Corporation (NASDAQ: VUZI), (“Vuzix” or the “Company”), a leading provider of smart eyewear and augmented reality (AR) technologies and products, today announced today a Fortune 50 online retailer placed a $200,000 Vuzix smart glasses tracking order to support the growing use of these glasses for training and remote maintenance in its warehouses. This order follows a successful proof of concept (POC) at one warehouse early last year and the initial rollout of Vuzix smart glasses to 40 warehouses several months ago. This follow-up order will support the subsequent deployment of glasses in these 40 warehouses as well as the initial deployment in additional locations.

“We are delighted to see a customer of this caliber, not only a leader in distribution but also an innovative user of new technologies, continue to deploy and actively use Vuzix smart glasses, a proven productivity tool,” said Paul Travers, President and CEO of Vuzix. “This Fortune 50 client represents just one of many exciting opportunities within this vertical, and we look forward to working with them, as well as others, to extend both the depth and breadth of the use of Vuzix smart glasses this year and beyond.”

About Vuzix Corporation

Vuzix is ​​a leading provider of smart eyewear and augmented reality (AR) technologies and products for the consumer and enterprise markets. The Company’s products include personal displays and portable computing devices that provide users with a high-quality portable viewing experience, provide solutions for mobility, portable displays and augmented reality. Vuzix holds 241 patents and patents pending and numerous IP licenses in the field of video eyewear. The company has won innovation awards at the Consumer Electronics Show (or CES) for the years 2005 to 2022 and several wireless technology innovation awards, among others. Founded in 1997, Vuzix is ​​a public company (NASDAQ: VUZI) with offices in Rochester, NY, Oxford, United Kingdomand Tokyo, Japan. For more information, visit the Vuzix website, Twitter and Facebook pages.

Disclaimer of Forward-Looking Statements

Certain statements contained in this press release are “forward-looking statements” within the meaning of the Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. The forward-looking statements contained in this release relate to Vuzix smart glasses, our business relationship, the potential for new orders and other future opportunities with this customer, and among other things the company’s leadership in the smart glasses and displays industry. AR. They are usually identified by words such as “believes”, “may”, “expects”, “anticipates”, “should” and similar expressions. Readers should not place undue reliance on these forward-looking statements, which are based on 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 matters described in more detail in the “Risk Factors” section of the Company’s annual reports and MD&A filed with the Securities and Exchange. US 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 changes in events or circumstances after the date of this release, except as required by applicable law.

Vuzix Media Contact and Investor Relations:

Ed McGregorDirector of Investor Relations,

Vuzix Company

[email protected]

Tel: (585) 359-5985

Vuzix Corporation, 25 Hendrix Road, West Henrietta, NY 14586 United States,

Investor Information – [email protected] www.vuzix.com

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SOURCEVuzix Corporation

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