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Vuzix Corp
Symbol VZX
Shares Issued 263,600,274
Close 2011-04-11 C$ 0.085
Market Cap C$ 22,406,023
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Vuzix, metaio partner for software-eyewear product

2011-04-12 08:24 ET - News Release

Mr. Paul Travers reports

VUZIX AND METAIO PARTNER TO DELIVER AUGMENTED REALITY SOLUTIONS TO CUSTOMERS

Vuzix Corp. has formed a marketing and development partnership with metaio Inc., the leader in the field of professional augmented reality (AR) software systems, to deliver head-mounted-display (HMD) solutions for its customers. The two companies will work together to identify and deliver customer solutions that require both metaio's AR software capability and Vuzix's line of AR-enabled video eyewear.

Paul Travers, president of Vuzix, commented: "Both metaio and Vuzix are leaders in and at the forefront of AR markets with highly complementary offerings. With Vuzix providing its award-winning video eyewear products and engineering services and metaio providing its leading software platforms and software engineering capability, we believe that together we can better address this rapidly emerging market need."

Vuzix and metaio have identified a number of common customers that require integrated hands-free HMD solutions for applications such as marketing and advertising, assembly, maintenance, on-site and on-the-factory-floor problem solving, training and education, and entertainment. On a non-exclusive basis, the two companies will work with each other to assist customers in developing and delivering such solutions.

Added Roman Hasenbeck, director, business development, metaio: "Our company has provided AR software for over eight years and Vuzix is the first company to deliver a complete line of AR-enabled video eyewear, which includes both digital and optical see-through glasses that are high-resolution and easy to wear. These are essential features for our customers. We believe that with Vuzix, we will finally be able to satisfy the needs of our many customers and partners for a hands-free solution."

As part of the new relationship, each will become members of the respective company's premier developer partner network. The metaio Unifeye software suite is compatible with Vuzix's most recent software development kit (SDK) and being a part of each other's partner network will entitle each company to previews and advance-release product to ensure seamless integration on future releases. Vuzix will also attend metaio's InsideAR 2011 fair to be held Sept. 26 to Sept. 27, 2011, in Munich, Germany.

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