October 2, 2022

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Forget Mediocre Fashion

Vuzix Enters into Agreements to Deliver the World’s First Fully Integrated Color MicroLED Microdisplay for AR Glasses

–     Exceptional license of key μLED technological know-how, design and style of a point out-of-the-artwork backplane, with the top aim of buying Atomistic

ROCHESTER, N.Y., Might 18, 2022 /PRNewswire/ — Vuzix® Company (NASDAQ: VUZI), (“Vuzix” or, the “Organization”), a main supplier of Good Glasses, waveguides and Augmented Fact (AR) technological know-how, currently declared it has signed a sequence of agreements with Atomistic SAS (“Atomistic”), a up coming technology micro gentle emitting diode (“μLED”) show remedies business based in France. These agreements supply for an unique license of vital μLED technological know-how, the design and style of a custom backplane and, dependent upon achievement of a variety of specialized phases, the potential to acquire the business.

(PRNewsfoto/Vuzix Corporation)

Atomistic’s technologies is based mostly on a novel elements science innovation with specific characteristics that are crucial enablers to solve the key issues for μLED devices for AR applications : emmitters for red, inexperienced and blue spectral wavelengths based on a solitary epitaxial framework transferred to a CMOS backplane superior brightness and larger efficiency at compact pixel pitches. The potential added benefits of this new solution would consequence in one particular of the smallest type components with the optimum overall performance and least expensive electrical power alternatives on the marketplace, and could provide a cornerstone piece of technological innovation concentrated on the AR marketplaces that are envisioned to demand hundreds of tens of millions of models yearly.

For the AR and heads-up display (HUD) markets, there is a obvious will need for self-emissive extremely-compact microdisplays that are high in brightness and effectiveness, complete colour, compact and scalable to assist lower-cost and higher-quantity manufacturing. For the wearable screen/AR glasses marketplaces specifically, μLED displays as contemplated by Atomistic combined with Vuzix’ see-as a result of waveguides provide the technological solution which is so pivotal to acquiring vogue forward, ergonomic AR glasses. This marketplace is predicted to eventually be as huge as the present smart phone market place with several expecting AR sensible eyeglasses to be the upcoming mobile computing system for shoppers and enterprises globally.

Atomistic History:

Atomistic was founded for the sole intent of providing upcoming-technology μLEDs primarily based on novel components science improvements and program degree integration on highly developed node CMOS backplanes of its own structure. Its principal founders, Jonathan Sachs, PhD and Jerry Woodall, PhD, are properly known gurus in the fields of elements science, the compound semiconductor heterojunction (alongside with other compound semiconductor devices), LEDs, lasers and micro-shows on silicon backplanes making use of numerous modulating strategies and have each efficiently produced and patented substantial and cornerstone breakthroughs in the technological innovation space.

Dr. Sachs has a wide knowledge of semiconductor resources and their purposes to higher temperature and superior-velocity electronics, optoelectronics, electrical and optical homes of materials (LEDs, lasers), gadget physics, and design of CMOS built-in circuits. In excess of the past 25 a long time, he established and has pushed quite a few semiconductor and show-primarily based technological know-how corporations whose technology these days is made use of by major companies in the industry.

Dr. Woodall has had a groundbreaking job on the investigate and advancement of compound semiconductor elements and devices about a profession spanning five decades. In 2001, Dr. Woodall obtained the Countrywide Medal of Technoloy and Innovation, the Nation’s optimum honor for technological achievement granted by the President of the United States. He has been cited for the invention and growth of technologically and commercially significant compound semiconductor heterojunction resources, procedures and linked devices, these types of as purple and infrared LEDs, lasers, extremely-quickly transistors and solar cells. He was a single of the pioneers of the liquid-stage epitaxial development of higher performance infrared LEDs, which led to his most critical investigate contribution so far: the initially working gallium aluminum arsenide/gallium arsenide heterojunction, the interface amongst two distinct semiconductor materials. This continues to be one of the world’s most critical compound semiconductor heterojunctions.

Technological innovation History

Atomistic has developed a novel solution to resolving essential difficulties linked with quite small pixel pitch, exceptionally vivid, complete shade uLED shows essential for the AR market and its closely affiliated markets.

The Atomistic staff, together with program level support from Vuzix, will be delivering a backplane on sophisticated node 300mm wafers intended to assistance μLEDs dependent on its revolutionary product science as perfectly as substitute LEDs from possible third celebration suppliers.

“Becoming in the semiconductor marketplace specializing on LEDs and microdisplays for all these several years, we have designed a great number of alternatives that have advanced the point out-of-the-art from the fundamentals of heterojunction physics to advanced shows in the LCoS and OLED fields. Functioning with Vuzix on advancing this major technological innovation exactly where we have lived for our entire qualified careers ought to final result in one particular of the most advanced displays we have developed still. Getting the insights of the Vuzix crew will be a must have to aid ensure the method stage answer hits the mark for merchandise. We are very energized to be part of this exertion with Vuzix as a spouse,” explained Drs. Sachs and Woodall.

“We are thrilled to be partnering with these two groundbreaking visionaries and their freshly fashioned entity Atomistic,” mentioned Paul Travers, President and CEO of Vuzix. “We search forward to supporting their initiatives to improve the globe with new microdisplays that will perform “hand-in-glove” with Vuzix’ market foremost waveguides. This offer has been structured to heavily align the two principals, and Atomistic as a business, to the accomplishment of the system and finally alongside with Vuzix. The produced methods will be utilized in Vuzix’ have items and, in the potential, μLED shows coupled with Vuzix highly developed large-quantity waveguides will be provided globally to 3rd celebration OEMs for use in their AR glasses.”

For even more facts on this transaction and its similar Agreements, fascinated get-togethers can appear at the 8-K the Enterprise submitted these days with the SEC, with hyperlinks from our IR web-site.

Conference Simply call Details

Date: Wednesday, Might 18, 2022
Time: 4:30 p.m. Japanese Time (ET)
Dial-in Amount for U.S. & Canadian Callers: 877-709-8150
Dial-in Selection for Worldwide Callers (Outdoors of the U.S. & Canada): 201-689-8354

A live and archived webcast of the meeting connect with will be out there on the trader relations web page of the Firm’s web site at: https://ir.vuzix.com/ or instantly at https://event.choruscall.com/mediaframe/webcast.html?webcastid=Sz8swsuw.

Presenting on the phone will be Vuzix’ Chief Executive Officer and President Paul Travers, who alongside with Chief Money Officer Grant Russell and Main Functioning Business Pete Jameson, will perform a Q&A session on the contact adhering to ready remarks.

To be a part of the are living convention simply call, you should dial into the previously mentioned referenced telephone numbers 5 to ten minutes prior to the scheduled conference contact time.

A telephonic replay will be offered for 30 days, commencing on May perhaps 18, 2022, at roughly 5:30 p.m. (ET). To accessibility this replay, make sure you dial 877-660-6853 within the U.S. or Canada, or 201-612-7415 for intercontinental callers. The meeting replay ID# is 13730166.

About Vuzix Company

Vuzix is a major provider of Wise Glasses and Augmented Reality (AR) systems and items for the purchaser and enterprise markets. The Company’s products and solutions include particular display and wearable computing units that offer consumers a portable large-high-quality viewing practical experience, present remedies for mobility, wearable displays and augmented fact. Vuzix retains 245 patents and patents pending and numerous IP licenses in the Video Eyewear discipline. The Company has received Consumer Electronics Exhibit (or CES) awards for innovation for the several years 2005 to 2022 and quite a few wi-fi technology innovation awards amongst many others. Established in 1997, Vuzix is a community company (NASDAQ: VUZI) with workplaces in Rochester, NY, Oxford, Uk, and Tokyo, Japan. For a lot more information and facts, go to the Vuzix web-siteTwitter and Fb pages.

Forward-On the lookout Statements Disclaimer

Certain statements contained in this information release are “forward-searching statements” inside of the this means of the Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Ahead searching statements contained in this release relate to our business enterprise partnership with Atomistic, the stage of achievement of the prepared μLED and linked backplane developments, greatest procedures and remedies for genuine commercialization within just the planned timeframe, and amongst other issues the Firm’s management in the Good Glasses and AR exhibit industry. They are frequently identified by text these types of as “believes,” “may,” “expects,” “anticipates,” “should” and similar expressions. Readers should really not spot undue reliance on such forward-looking statements, which are based on the Company’s beliefs and assumptions as of the date of this release. The Firm’s true benefits could vary materially due to threat variables and other merchandise explained in much more element in the “Threat Elements” section of the Company’s Yearly Studies and MD&A filed with the United States Securities and Exchange Commission and applicable Canadian securities regulators (copies of which might be received at www.sedar.com or www.sec.gov). Subsequent activities and developments could lead to these ahead-looking statements to change. The Enterprise precisely disclaims any obligation or intention to update or revise these forward-hunting statements as a result of modified gatherings or conditions that come about soon after the day of this release, apart from as required by relevant legislation.

Vuzix Media and Trader Relations Get hold of:

Ed McGregor, Director of Trader Relations,
Vuzix Company
[email protected]
Tel: (585) 359-5985

Vuzix Corporation, 25 Hendrix Street, West Henrietta, NY 14586 United states,
Trader Information – [email protected]  www.vuzix.com

 

 

 

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