Vuzix VIP Partner Upskill Introduces Next Generation of Skylight Platform Optimized for the Vuzix M300 Smart Glasses

Next Generation of Skylight to Enable Faster and Broader Adoption of Augmented Reality Within Enterprises

Tailwinds’ Take: nice to see Vuzix and Upskill continuing to work together. Upskill has been a promoter of Google Glass, so we’re appreciative of them being more vocal with VUZI, the industry leader in our opinion. Perhaps their customers are demanding the M300 over the competition?

ROCHESTER, N.Y., Oct. 11, 2017 /PRNewswire/ — Vuzix® Corporation (NASDAQ: VUZI), (“Vuzix” or, the “Company”), a leading supplier of Smart Glasses, Augmented Reality (AR) and Virtual Reality (VR) technologies and products for the consumer and enterprise markets, is pleased to announce that the company’s VIP Partner Upskill has released the next generation of Skylight Platform on the Vuzix M300 to enable faster and broader adoption of augmented reality within enterprises.

The next generation of Skylight is the most significant product update in Upskill’s history, and applies the lessons learned over the last 5 years of Skylight being in the market. This new release offers an even more scalable AR platform to support mass deployment of smart glasses across a global workforce, improves user interface to ease adoption, and adds capabilities that allow rapid creation of new Skylight Applications for faster return on investment and a lower total cost of ownership for customers.

“Over the last four years, Upskill has worked closely with Vuzix to deliver the leading industrial smart glasses solution to enterprise customers around the world,” said Jay Kim, Chief Strategy Officer at Upskill. “Our latest Skylight release has been optimized for the M300, drastically shortening the time and money needed to operationalize augmented reality.”

“Upskill continues to be on the leading edge of solution providers for enterprise smart glasses,” said Paul Travers, President and CEO of Vuzix.  “The next generation of Skylight optimized for the Vuzix M300 has the ability to have an immediate impact on the pace of adoption in the enterprise industry.”

About Upskill

Upskill is the market leader in enterprise software for augmented reality devices in industrial settings. Trusted by the world’s greatest companies, such as GE and The Boeing Company, both also investors, Georgia Pacific, and many others, our technology enhances the capabilities of hands-on workers to measurably and immediately improve business operations from the factory to the warehouse to the jobsite. With our industrial platform, Skylight, workers can be connected to the information they need to do their jobs with greater efficiency and fewer errors, enabling businesses to become more agile and competitive. To learn more, visit upskill.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 virtual and augmented reality. Vuzix holds 58 patents and 37 additional 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 2017 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.

Forward-Looking Statements Disclaimer

Forward looking statements contained in this release relate to the success of our relationship with Upskill and among other things the company’s leadership in the Video Eyewear and AR display industry. 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 Company’s leadership in the Video Eyewear, VR 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:

Matt Margolis, Director of Corporate Communications and Investor Relations, Vuzix Corporation matt_margolis@vuzix.com Tel: (585) 359-5952

Andrew Haag, Managing Partner, IRTH Communications
vuzi@irthcommunications.com Tel: (866) 976-4784

Vuzix Corporation, 25 Hendrix Road, Suite A, West Henrietta, NY 14586 USA,
Investor Information – IR@vuzix.com www.vuzix.com

For further sales, and product information, please visit:

North America:
http://www.vuzix.com/contact/

Europe/UK:
https://www.vuzix.eu/contact/

Asia:
http://www.vuzix.jp/contact.html

Vuzix logo (PRNewsfoto/Vuzix Corporation)

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SOURCE Vuzix Corporation

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2 COMMENTS

  1. What are your thoughts on the next catalysts for VUZI? All the technology, 1st movers, partners, POCs, embeddedness in the market, patents, etc. in an upcoming explosive market are definitely worth substantially north of a 100 MM valuation. Is it a show me stock since we have been listening to PR and hype for months, and it has not shown any real visibility into revenue? Toshiba is in the wings and another large waveguide partner. Is it that the market is expecting another capital raise? We are sitting at the lows on the SP while the future story looks better than 2 years ago.

    • I think you hit the nail on the head when you said it’s a “show me stock”. They will put up good revenue growth this Q, but nowhere near to cash-flow positive. The question is not “can they grow and reach cash-flow positive?” More, it’s around their ability to hit a hockey-stick revenue inflection. They need to show a BIG order from a BIG customer. Until then, it is a neat gizmo that customers are experimenting with.

      With VUZI there’s always fear of another capital raise. If it’s to build out orders, that would be great. If it’s because they are burning it waiting for the industry to launch, not great.

      I agree the future looks very bright. Once the market gets visibility into the actual ramp in Augmented Reality, and Vuzix’s fit in the space, things will take off.

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