ROCHESTER, N.Y., Feb. 18, 2021 /PRNewswire/ -- Vuzix®
Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a
leading supplier of Smart Glasses and Augmented Reality (AR)
technology and products, today announced an exciting new
development with Signify (Euronext: LIGHT), the world leader in
lighting, to further reduce latency for Vuzix Smart Glasses in
areas where radio-based devices might have poor to limited
connectivity. Supporting the fourth industrial revolution in
enterprise including smart factories of the future, Vuzix Smart
Glasses are now compatible with Signify's Trulifi, which provides
wireless broadband connection and uses infrared and visible light
to provide two-way wireless connectivity to IoT devices
including smart glasses. Trulifi provides a major benefit in areas
where radio-based connectivity is poor or limited, such as inside
factories and buildings.
The partnership between Vuzix and Signify will bring together
Vuzix' industry leading smart glasses alongside Signify's Trulifi
to support business continuity for enterprise customers across
manufacturing, aerospace, hospitality and digital industries.
Trulifi by Signify provides Vuzix enterprise Smart Glasses
customers across manufacturing, aerospace, hospitality, and digital
industries with a secure, reliable and fast wireless broadband
connection that is ideal for places where radio-based wireless
connectivity is poor or restricted. This results in very low
latency, which is key to the user friendliness of smart glasses and
AR devices. Trulifi's always-on, dedicated connection also ensures
seamless handover throughout facilities, as well as high-level
security and up to 220Mbps connectivity.
To support the introduction of the Trulifi-enabled Vuzix smart
glasses, Vuzix is teaming up with Gemvision, a private cloud-based
platform that is being used today by enterprise customers to
provide remote support to reduce onboarding burdens in field
service, improve equipment uptimes in manufacturing and enable
medical professionals to see more patients in less time. The
Gemvision platform is equipped with a call center dashboard for
external users and allows remote experts to collaborate and
illustrate during live video sessions.
"We are excited to deliver Gemvision with LiFi connectivity on
Vuzix Smart Glasses to healthcare organizations and industrial
enterprise customers. We look forward to empowering as many
customers as possible with this fast and secure internet network
solution," said Rene Verspuij, Co-founder and CCO of Gemvision.
"We are delighted to announce the support of Vuzix Smart Glasses
with our Trulifi solution and the implementation of Vuzix Smart
Glasses equipped with Gemvision software in our facilities in
Poland. We look forward to
continued collaboration with Vuzix," commented Olivia Qiu, Chief Innovation Officer for
Signify.
"This partnership with Signify, a world leader in lighting for
professionals, further expands the accessibility of our enterprise
smart glasses and we look forward to continued collaboration with
both Signify and Gemvision as we roll out this solution to
enterprise and healthcare customers," said Paul Travers,
President and CEO of Vuzix.
About Signify
Signify (Euronext: LIGHT) is the
world leader in lighting for professionals and consumers and
lighting for the Internet of Things.
Our Philips products, Interact connected
lighting systems and data-enabled services deliver business
value and transform life in homes, buildings and public
spaces. With 2019 sales of EUR 6.2
billion, we have approximately 37,000 employees and are
present in over 70 countries. We unlock the extraordinary potential
of light for brighter lives and a better
world. We achieved carbon neutrality in 2020,
have been in the Dow Jones Sustainability World Index
since our IPO for four consecutive years and were
named Industry
Leader in 2017, 2018 and 2019. News from
Signify is located at
the Newsroom, Twitter, LinkedIn and Instagram.
Information for investors can be found on the Investor
Relations page.
About Gemvision
Gemvision is an innovative software
company from Rotterdam, the
Netherlands, that differentiates itself by offering a
cloud-based, off the shelve Communication Platform as a Service
(CPAAS). The platform's communication features are enhanced with
augmented reality technology that allow the user to deliver
next-level remote support. Next to that, the backoffice management
solutions and the powerful integration possibilities allow a
company to really build upon this platform and optimize
communication in the field. Gemvision supports all mobile and
desktop devices and uses smart glasses to make hands-on workers
hands-free. For more information, visit
https://www.gemvision.io/.
About Vuzix Corporation
Vuzix is a leading supplier
of Smart-Glasses and Augmented Reality (AR) technologies and
products for the consumer and enterprise markets. The Company's
products include personal display and wearable computing devices
that offer users a portable high-quality viewing experience,
provide solutions for mobility, wearable displays and augmented
reality. Vuzix holds 184 patents and 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 2021 and several wireless technology innovation
awards among others. Founded in 1997, Vuzix is a public company
(NASDAQ: VUZI) with offices in Rochester,
NY, Oxford, UK, and
Tokyo, Japan. For more
information, visit
Vuzix website, Twitter and Facebook pages.
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 the Vuzix
Smart Glasses, our relationship and potential business
opportunities with Signify, Gemvision and among other things the
Company's leadership in the Smart Glasses 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.
Media and Investor Relations Contact:
Ed McGregor, Director of Investor
Relations
Vuzix Corporation
ed_mcgregor@vuzix.com
Tel: (585) 359-5985
Vuzix Corporation, 25 Hendrix Road, Suite A, West Henrietta, NY 14586 USA,
Investor Information – IR@vuzix.com www.vuzix.com
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SOURCE Vuzix Corporation