Vuzix and Avegant Announce Strategic Partnership

Prototype units to be unveiled at this week's Augmented World Expo USA 2024

Vuzix® Corporation (NASDAQ: VUZI), (“Vuzix” or, the “Company”), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, is pleased to announce a strategic partnership with Avegant, a renowned leader in light engine technology, to develop optimized waveguide optical modules for use in future AI-enabled smart glasses.

This partnership’s objective is to integrate Avegant’s compact LCoS AG-30L2 30-degree light engine with a fully customized version of Vuzix’ next-generation full-color Incognito-enabled waveguide. Together, Vuzix and Avegant will be creating an optimized and complete AR display module that is intended to be used as an optical reference design for AI-enabled fashion-forward consumer smart glasses. This solution will be highly efficient, full color, mass manufacturable, and lightweight. Further customization of the waveguides provided from Vuzix will be available for OEMs including the outer shape, tilt/rake angles, input/output locations, virtual image location, and focus.

The first prototypes of this collaboration will be showcased privately this week at Augmented World Expo USA 2024 (AWE), being held June 18-20 at the Long Beach Convention & Entertainment Center in Long Beach, California. Attendees will have the opportunity to experience the solution’s cutting-edge optical performance firsthand and witness the future of AI-enabled smart glasses. Both Avegant and Vuzix will be showing the prototype demo.

Building on the momentum from AWE 2024, Vuzix and Avegant plan to unveil a fully optimized version for OEMs at the Consumer Electronics Show (CES) 2025 in Las Vegas, Nevada. This version will mark a significant milestone in the AR industry, showcasing a commercially ready reference design (employing Vuzix’ new integrated vision correction) that combines the most advanced optical technology stacks from both companies.

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