FAMUR Group Adopts Vuzix M400 Smart Glasses for its Field Service Solution for the FAMUR SIGMA Room

ROCHESTER, NY, February 25, 2022 – Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, today announced that FAMUR Group, a global machinery and equipment provider to the energy, mining and bulk material handling industries, has adopted Vuzix M400™ smart glasses as its remote support wearable of choice for its SIGMA (Service in Grid Monitoring Area) room. Following Industry 4.0 trends, FAMUR is systematically developing training tools using virtual reality, remote diagnostics and field service smart glasses technology to operate equipment for various industry sectors. As part of this activity, FAMUR developed and implemented a concept to create an innovative SIGMA room for hosting foreign customers. The solutions used in the SIGMA room enable FAMUR to meet with service departments and customers from all over the world.

A video showing the SIGMA room in operation, along with the use of Vuzix smart glasses is available at https://youtu.be/wPnnfavIiho

One of the key features of the SIGMA room is the ability to communicate with Vuzix M400 smart glasses (for field service), allowing service technicians and customers equipped with these glasses to receive remote support while working on the machine – for troubleshooting or during routine operations. The glasses feature a built-in OLED display, a high-end 4K camera with image stabilization and autofocus for faster scanning and wider viewing angles, triple microphone noise cancellation, and high-volume speakers for use in spaces with high noise levels.

In case there is a need for supporting the service staff working on equipment, the service technician can use the glasses to connect with engineers who, by viewing the situation from their perspective, can provide full technical support in real time. By seeing the machine through the eyes of the user, an expert can determine what service work is required. Recognizing the potential of Vuzix smart glasses to improve the quality of service its field technicians, FAMUR plans to expand this solution in the future.

"The use of Vuzix Smart Glasses continues to expand around the world and across an increasing breadth of industry verticals, commensurate with the growing awareness and acceptance of the many benefits our glasses bring to their users,” said Paul Travers, President and CEO of Vuzix. “We look forward to growing our business with FAMUR as they expand this support solution.”

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 241 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 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, UK, and Tokyo, Japan.  For more information, visit the 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 Vuzix Smart Glasses and its relationship with FAMUR Group 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.

Vuzix 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, West Henrietta, NY 14586 USA,