Vuzix Sells Out of Gold Software Developer Kits for New M100 Smart Glasses

NEW YORK, May 1, 2013 /PRNewswire/ -- Vuzix Corporation (TSX-V: VZX, OTC:BB: VUZI, FMB: V7X), the leading developer and supplier of smart glasses, announced that driven by strong demand, its initial run of Gold Edition M100 Smart Glasses Software Development Kits (SDK) have sold out with fulfillment expected over the coming several weeks. The Vuzix M100 Smart Glasses are a wearable display and computer for your smartphone. Vuzix is now shipping a limited number of M100 Gold SDKs to software, and augmented reality content developers and plans a wide-scale retail launch of the M100 this summer. Winner of the BEST OF INNOVATIONS in the Wireless Handset Accessory category at the 2013 Consumer Electronics Show (CES), the M100 continues to grow in popularity in the smartphone developer community.

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Since its launch, the Gold Edition of the Vuzix M100 Smart Glasses SDK has received overwhelming attention from developers with several ordering multiple development kits to help accelerate their development. The Vuzix M100 SDK Silver Edition continues to be available with emulation software shipping immediately and hardware scheduled to ship in early summer.

Vuzix President and CEO Paul Travers said, "It is great to see such overwhelming demand for our Smart Glasses, especially from the enterprise and prosumer sectors. Since Vuzix M100 Smart Glasses are very similar to an Android based smart phone, using the same general hardware and Android OS, developers are finding it easy to write and port applications for the M100. Many of the applications available today through popular Android app stores are already confirmed to work unmodified with the M100 and in other cases just a few simple modifications allow them to provide optimum performance. This native mode compatibility opens the door to thousands of existing and optimized applications being able to work with the M100 on the day it ships."

Technology opinion leaders and the press are writing about smart glasses becoming the next big wave in mobile technology. According to ABI Research, wearable computing devices will exceed 485 million annual device shipments by 2018. A recent article in Scientific American titled, "When Everybody Starts Wearing Smart glasses, Google Won't Be the Only Player," explains that sales of the devices will depend on the development of compelling apps and presents Vuzix' M100 as a player in the smart glasses space.   

About The Vuzix M100

The Vuzix M100 Smart Glasses are a wearable display and computer for your smartphone or direct network connection, they have a built in color display driven by a powerful processing engine running the Android OS, they also have built in head tracker and GPS for spatial and positional awareness. An integrated camera enables video recording, still image capture and opens the potential for powerful augmented reality applications. Having all this technology in a single wearable display and computer allows applications that are running in the glasses to perform required real-time processing for advanced applications like augmented reality and since it's all resident there is no requirement to connect to the internet to use them.

About Vuzix Corporation

Vuzix is a leading supplier of video and cloud connected video eyewear products in the consumer, industrial, media and entertainment markets. The company's personal display products offer users a portable high quality viewing experience for industrial wearable displays, consumer digital content viewing as well as 3D, virtual and augmented reality experiences. Vuzix also provides developer software and support to enable the growth and development of AR applications for its mobile devices. With its origins in defense research and development for next generation display solutions, Vuzix holds over 44 patents and patents pending in the video eyewear field. The company has won 14 Consumer Electronics Show Innovations Awards, the RetailVision Best New Product and several wireless technology innovation awards, among others. Founded in 1997, Vuzix is a public company (TSX-V:VZX - News, OTC:BB: VUZI, FMB: V7X) with offices in Rochester, NY , Oxford, UK and Tokyo , Japan . For more information visit www.vuzix.com.

Forward-Looking Statements Disclaimer

Certain statements contained in this 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, among other things, future product releases, including the M100 and its capabilities, new opportunities, the Company's ability to capitalize on new opportunities with developers, the Company's ability and costs to further develop, produce and manufacture the M100, and the Company's leadership in the Video Eyewear 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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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SOURCE Vuzix Corporation