ROCHESTER, N.Y., Jan. 15, 2020 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, today announced that the Company has made available an ONVIF compatible security application on the Vuzix App Store along with drivers and source code access for third party integration for the Vuzix Blade® Smart Glasses with planned follow-on support for its full M-series line of Smart Glasses.
ONVIF (Open Network Video Interface Forum) is a global and open corporate forum that was founded to standardize the IP-based surveillance camera industry. The IP security camera market is projected to grow from its current market value of more than $8 billion to over $20 billion by 2025, according to a study by Global Market Insights.
The appearance of the Blade, which resembles ordinary glasses, makes it an ideal companion for security personnel that are utilizing ONVIF security cameras across a wireless network. With the Vuzix ONVIF application, security personnel can access multiple cameras on the wireless network and toggle between IP surveillance camera feeds and, with the available drivers and source code, third parties can easily integrate Vuzix Smart Glasses into their existing solutions.
"The introduction of the ONVIF security application for the Vuzix Blade provides a new use case for the Blade in enterprise and opens up new segments of the market related to security especially within big box retail stores, public safety, smart cities and others," said Paul Travers, Vuzix President and Chief Executive Officer.
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 150 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 2019 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 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 the Vuzix Smart Glasses and their use in the security camera markets 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.
Media and Investor Relations Contact:
Ed McGregor, Director of Investor Relations, Vuzix Corporation [email protected] Tel: (585) 359-5985