Vuzix Acquires Two New Patents in Wearable Display Space

Vuzix® Corporation

("Vuzix" or, the "Company"), a leading supplier of video eyewear and smart glasses products in the consumer, commercial and entertainment markets, today announced that it has acquired for an undisclosed cash payment two patents, one covering gesture controls of 3D virtual objects, including within augmented reality applications and the other ambient light management in see through wearable displays; US Patent number 6243054 and US Patent number 6559813 respectively. These patents add to the 50 patent and patents pending already part of Vuzix' patent portfolio and further strengthens the Company's Intellectual Property (IP) position in the wearable technology space. Vuzix places a strong emphasis on IP, and as a result has developed a relevant and constantly expanding portfolio of owned and licensed IP. Vuzix CEO and President Paul J. Travers said, "As wearable tech, and more specifically the smart glasses market, continues to develop we expect more and more value placed on relevant IP. Gesture control with augmented reality applications and managing the ambient light, especially in optical see through glasses, is critical in the operation of wearable display technology and especially augmented reality in smart glasses. Vuzix acquired these additional patents to secure a stronger IP position for its current and soon to be released products including, but not limited to, smart glasses based on our proprietary waveguide technology. This is just one element of our long-term approach to staying ahead of the curve in this dynamic sector."