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The Founder and CEO of Vuzix Discusses Some Developments and Trends in Wearable Technology


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(OPEN):
WEDNESDAY-MORNING [JANUARY 28TH], NASDAQ'S "OPENING BELL" WAS RUNG BY PAUL TRAVERS--THE FOUNDER AND C-E-O OF VUZIX CORPORATION [AS IN "VIEW" AND "MUSIC"]--WHICH MAKES "SMART GLASSES" AND VIDEO-EYEWEAR PRODUCTS.  HE SAYS THAT THE COMPANY'S MOVE TO NASDAQ HELPS TO ILLUSTRATE BOTH RECENT DEVELOPMENTS AND LIKELY TRENDS IN WEARABLE TECHNOLOGY...

(TRAVERS):
"
IT'S PROJECTED THAT 'SMART GLASSES' WILL SOON REPRESENT A 15-BILLION-DOLLAR-A-YEAR MARKET.  AT VUZIX, WE BELIEVE THAT THE ENTERPRISE-MARKET FOR WEARABLES WILL LEAD THE WAY, INITIALLY--MUCH LIKE IT DID FOR TABLETS AND SMARTPHONES.  THAT'S BECAUSE, RIGHT NOW, THIS IS A BETTER FIT FOR BUSINESS THAN [FOR] THE AVERAGE CONSUMER.  ULTIMATELY, A TRUE EYEGLASS-FORM WILL BE NEEDED, TO GAIN GENERAL CONSUMER-ACCEPTANCE OF 'SMART GLASSES'.  AND, THAT'S SOMETHING THAT WE HOPE TO COME OUT WITH, AS WELL:  OUR PROPRIETARY TECHNOLOGY WILL ALLOW VUZIX TO INTRODUCE--LATER THIS YEAR--THE FIRST 'SMART GLASSES' THAT LOOK AND FEEL LIKE REGULAR FASHION-SUNGLASSES.  WHAT'S MORE, INTEL CORPORATION'S RECENT STRATEGIC-INVESTMENT IN VUZIX IS HELPING TO MAKE ALL OF THIS HAPPEN."

(CLOSE):
TO LEARN MORE, VISIT "VUZIX"-DOT-COM; THAT'S "V-U-Z-I-X"-DOT-COM.



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