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Vuzix CEO Provides Virtual Investor Presentation Update on Business and Smart Glasses Trends

Sees the COVID-19 Pandemic Continuing to Drive Broad User Demand for Smart Glasses

Vuzix Corporation, a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, continues to in its current operating quarter see expanding adoption of smart glasses as more and more corporations, medical facilities and universities turn to them to meet the logistical challenges resulting from the coronavirus pandemic. Vuzix CEO Paul Travers recently discussed this trend during a virtual investor presentation at the Money Show virtual event yesterday which can be accessed here.

Travel restrictions are fueling demand for remote support and reports of notable use cases continue to drive expanding industry awareness. An article that recently appeared in the Wall Street Journal, available here, discussed how Intel faced a chip production slowdown just as demand was surging, but was unable to fly their expert in to solve the problem due to global travel restrictions. With the use of smart glasses, the expert was able to remotely walk his on-site counterparts through the repair process and get production up and running.  Vuzix remains well positioned to address remote support demand with competitive solutions and broad application platform support.

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Vuzix’ Smart Glasses technology is already being used worldwide for telemedicine applications, including remote healthcare support and training, by leading medical institutions such as John Hopkins Medicine and the University of Louisville School of Medicine. Leading universities, such as UCLA, have also started using Vuzix smart glasses as an excellent additive tool to leverage education, training, and participation from students attending classes remotely.

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“The innovation smart glasses bring lies in putting information in the users’ line of vision—hands-free, when and as they need it. These functions, including the depth and scope of knowledge, can be included with the right software infrastructure with already existing applications like Zoom or WebEx teams using Vuzix connectors or with custom applications that Vuzix also supplies like Vuzix Remote Assist.  These SaaS based solutions make Vuzix Smart Glasses an indispensable tool,” commented Paul Travers, Chief Executive Officer of Vuzix. “We have already announced numerous customer engagements for our smart glasses across remote support, telemedicine and education and expect many more announcements will be forthcoming over the balance of this year.”

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