DGAP-News: Vuzix and Fraunhofer Announce Strategic Alliance for Display Technology Development
(firmenpresse) - DGAP-News: VUZIX Corporation / Key word(s): Miscellaneous
Vuzix and Fraunhofer Announce Strategic Alliance for Display
Technology Development
14.07.2011 / 17:10
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Vuzix and Fraunhofer Announce Strategic Alliance for Display Technology
Development
ROCHESTER, NY -- (July X, 2011) - Vuzix Corporation (TSX-V: VZX, OTC:BB:
VUZI, FMB: V7X) ('Vuzix' or the 'Company') formally announced today a
strategic technology development partnership with the Fraunhofer Institute
for Photonic Microsystems (IPMS). Vuzix and Fraunhofer IPMS have been
engaged in the development of MEMS devices optimized for augmented and
virtual wearable display solutions. This partnership will produce a key
component that integrates both the display and optics into a monolithic
display engine, with a goal of finally enabling sunglass styled video
glasses.
The relationship with Fraunhofer IPMS supports Vuzix world-leading
expertise in the design of Video Eyewear and HMDs for the global mobile
smart phone, console gaming, and defense markets. Fraunhofer's unique MEMS
devices are a key component for creating a single electro-optic device for
Vuzix' next generation HD Video Eyewear displays. Fraunhofer is part of a
team of technology partners working with Vuzix to create a monolithic
display engine, integrating the display and optics into as a single device.
This effort will better meet user's high expectations for sunglass styled
video eyewear over existing technologies; for both Vuzix' and its OEM
product lines. Fraunhofer IPMS is an internationally recognized research
and development institute for MEMS.
Paul Travers, Vuzix President and CEO said 'We are very pleased to formally
announce that Vuzix and Fraunhofer have initiated this development
partnership. We have already seen results that we feel will provide a
paradigm shift in the style, performance and cost of wearable displays'
'The relationship with Vuzix is a perfect fit for Fraunhofer IPMS. Our
MEMS technology integrated with Vuzix new electro-optic device has the
potential to be ground breaking for near eye display solutions. We are
excited about the opportunity to provide IPMS' technology for this
innovative display application.' said Harald Schenk, deputy director of
Fraunhofer IPMS.
About Vuzix Corporation
Vuzix is a leading supplier of Video Eyewear products in the defense,
consumer and media&entertainment markets. The Company's products,
personal display devices that offer users a portable high quality viewing
experience, provide solutions for mobility, thermal sighting systems,
tactical wearable displays and virtual and augmented reality. With its
origins in defense research and development for next generation display
solutions, Vuzix holds over 51 patents in the Video Eyewear field. The
company has won 9 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.
About Fraunhofer IPMS:
Fraunhofer IPMS, Dresden as an institute of Europes largest organisation
for applied research and development, Fraunhofer-Gesellschaft, carries out
customer specificdevelopments in fields of microelectronic and micro
systems technology serving as a business partner that supports the
transition of innovative ideas into new products. Fraunhofer IPMS develops
and fabricates modern MEMS and OLEDdevices in its own clean room
facilities. In addition to R&D services it offers ramp-up within a pilot
production. With modern equipment and about 200 scientists and engineers,
the range of projects and expertise covers sensor and actuator systems,
microscanner, spatial light modulators, wireless microsystems. as well as
organic materials and systems. For more information visit:
www.ipms.fraunhofer.de
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, new opportunities, the Company's ability to capitalize on new
opportunities 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.
For further press and product information, please contact:
Vuzix Corporation
75 Town Centre Drive
Rochester, NY 14623 USA
Investor Information
IR(at)Vuzix.com
Tel: +1 (585) 359-7562
Vuzix.com
Facebook.com/Vuzix
Twitter.com/Vuzix
Fraunhofer IPMS
Dr. Michael Scholles
Head of Business Development&Strategy
Maria-Reiche-Str. 2
01109 Dresden
Germany
www.ipms.fraunhofer.de
Phone: +49 (0) 351 88 23-201
Email: Michael.Scholles(at)ipms.fraunhofer.de
End of Corporate News
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132118 14.07.2011
Datum: 14.07.2011 - 17:10 Uhr
Sprache: Deutsch
News-ID 34615
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