Company Announcements

ROCHESTER, N.Y. , June 3, 2025 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of AI-powered smart glasses, waveguides and Augmented Reality (AR) technologies, today announced that the Company and Wyr.ai Private Limited ("Wyr.ai"), a trailblazing XR and AI product company that revolutionizes industries through cutting-edge technology, have partnered to launch a new AI-driven quality assurance inspection platform that uses Vuzix M400™ smart glasses. The platform will largely target U.S. Fortune 500 firms.

Wyr.ai's platform utilizes extended reality algorithms and artificial intelligence for visual quality assurance. The company's technology enables automated quality control processes, streamlining product testing and inspection for various industries. The features include automated carton count, defect detection, bar code scanning, color matching, pattern matching, productivity monitoring, OCR enabled PO module, reports generation, and more.  Suppliers, manufacturers, and exporters can live stream quality inspections to buyers and keep recorded proof for future reference, ensuring transparency, avoiding disputes, and keeping shipments moving smoothly. Wyr.ai's solution works well for, among other product categories, toys, textiles, apparel, handicrafts, jewelry and hard goods. A video illustrating Vuzix smart glasses running Wyr.ai's platform for product inspection can be seen here.

"Vuzix M400 smart glasses are a powerful hands-free device that fits hand to glove with our new platform," said Dicky Massey, CEO of Wyr.ai. "One of the key features of our solution is its ability to perform color and pattern matching to approved lots in real-time, ensuring inspections are more accurate and streamlined. Our software generates instant reports, saving hours of manual work and boosting productivity for quality inspectors. This leads to significant revenue savings and more efficient quality control."

"Wyr.ai is launching a very competitive productivity tool that should be able to generate broad interest and demand within their target markets," said Paul Travers, President and CEO of Vuzix. "We are excited to have our M400 smart glasses at the core of their solution and we look forward to expanding our relationship with them."  

About Wyr.ai

We are a trailblazing XR and AI product company that revolutionizes industries through cutting-edge technology. At Wyr.AI, we unleash the full potential of Extended Reality (XR) and Artificial Intelligence (AI) to deliver unparalleled solutions for visual quality inspection, warehouse management, virtual showrooms, and beyond. Our vision at Wyr.AI is to bridge the gap between imagination and practicality. By harnessing the potential of XR and AI, we strive to create transformative solutions that optimize industries, simplify complex tasks, and enable companies to unlock their fullest potential. Our pursuit of excellence fuels a world where businesses thrive, and the human experience is enriched through immersive digital experiences. For more information, visit the Wyr.ai website.

About Vuzix Corporation

Vuzix is a leading designer, manufacturer and marketer of AI-powered Smart Glasses, Waveguides and Augmented Reality (AR) technologies, components and products for the enterprise, medical, defense and consumer markets. The Company's products include head-mounted smart personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality, as well OEM waveguide optical components and display engines. Vuzix holds more than 425 patents and patents pending and numerous IP licenses in the fields of optics, head-mounted displays, and the augmented reality wearables field. The Company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2024 and several wireless technology innovation awards among others. Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in: Rochester, NY; and Kyoto and Okayama, Japan.  For more information, visit the Vuzixwebsite, X 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 Vuzix Smart Glasses, our business relationship and future opportunities with Wyr.ai and its customers, 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.

Vuzix Media and Investor Relations Contact:

Ed McGregor, Director of Investor Relations,
Vuzix Corporation
ed_mcgregor@vuzix.com  
Tel: (585) 359-5985

Vuzix Corporation, 25 Hendrix Road, West Henrietta, NY 14586 USA,
Investor Information – IR@vuzix.com  www.vuzix.com

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SOURCE Vuzix Corporation