Com­bined solu­tion addresses growth needs as busi­nesses posi­tion for expan­sion in the wake of reopenings

ROCHESTER, NY, March 10, 2021 – Vuzix® Cor­po­ra­tion (NASDAQ: VUZI), (“Vuzix” or, the “Com­pany”), a lead­ing sup­plier of Smart Glasses and Aug­mented Real­ity (AR) tech­nol­ogy and prod­ucts, today announced a part­ner­ship with rooom AG, a mar­ket­ing tech startup based in Ger­many that offers an inno­v­a­tive all-in-one solu­tion for 3D and AR to sup­port inter­est from cus­tomers in health­care, edu­ca­tion, field ser­vice, con­struc­tion, man­u­fac­tur­ing and training.

The future of mobile work­ers across man­u­fac­tur­ing, field ser­vice and health­care has begun to shift from in-per­son sup­port towards a hybrid model of in-per­son and remote sup­port. Part­ner­ing with rooom AG, which offers a cloud-based plat­form that allows cus­tomers to dig­i­tize assets and prod­ucts into CAD data, will help Vuzix enter­prise cus­tomers across mul­ti­ple mar­ket ver­ti­cals expand the usage of Vuzix Smart Glasses and begin to build and offer new AR dig­i­tal­ized assets to their employ­ees and staff to assist with train­ing and knowl­edge transfer.

“We are excited to work with Vuzix, an indus­try leader in smart glasses, to expand our pres­ence across enter­prise and pro­vide new inno­v­a­tive expe­ri­ences and 3D aug­mented real­ity dig­i­tal­ized assets for train­ing and knowl­edge trans­fer,” said Hans Elst­ner, CEO and co-founder of rooom AG. “We wel­come rooom AG as a Vuzix Smart Glasses plat­form part­ner. Our com­bined solu­tion will sup­port the cre­ation of advanced 3D aug­mented real­ity con­tent for both new and exist­ing enter­prise cus­tomers at both com­pa­nies, while con­cur­rently dri­ving increased demand for our Smart Glasses,” said Paul Tra­vers, Pres­i­dent and CEO of Vuzix.

About rooom

AG rooom AG is a mar­ket­ing tech startup that offers an inno­v­a­tive all-in-one solu­tion for 3D, vir­tual real­ity (VR) and aug­mented real­ity (AR). With the plat­form, vir­tual show­rooms as well as hybrid and dig­i­tal events can be imple­mented eas­ily and quickly. rooom’s por­tal enables com­pa­nies of all indus­tries to cre­ate, edit and present their own 3D con­tent online in a sim­ple and cost-effec­tive way. Since its mar­ket launch in 2018, rooom has won numer­ous well-known cus­tomers such as Deutsche Telekom and var­i­ous trade fair com­pa­nies and received 18 dif­fer­ent awards, includ­ing the Ger­man Inno­va­tion Award and the Thuringian Inno­va­tion Award.

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.

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 future busi­ness oppor­tu­ni­ties with rooom AG 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.