ROCHESTER, N.Y., Jan. 12, 2016 — (NASDAQ: VUZI), (“Vuzix” or, the “Company”), a leading supplier of video eyewear and smart glasses products in the consumer, enterprise and entertainment markets, is pleased to announce that on Feb. 1, 2016, the Company will begin to take pre-orders for the new Vuzix M300 Smart Glasses, scheduled to start shipping commercially in Summer 2016. The new M300 represents the next evolution of Vuzix Smart Glasses design, born from real world user feedback and industry requirements culminating from over two years productive use of Vuzix’ M100 Smart Glasses predecessor. The technological advances and ergonomic flexibility of the new M300 have evolved to meet the needs of the enterprise client, and will foster large-scale adoption in a wide variety of industrial applications. Further product details and a comparison video are available at Vuzix M300 Smart Glasses.
Clients will be able to purchase an M100/M300 Migration Package on the Vuzix website or directly through their Vuzix Account Manager for an effectively discounted price, subject to product availability. Clients who have pre-ordered will receive a new M100 immediately and then upon commercial shipment of the M300 in Summer 2016, will be able to exchange their M100 for the M300 at no additional cost. Clients who desire to keep the original M100 upon receipt of the M300 will be given the option to do so at a nominal additional cost.
“By taking advantage of this offer, enterprise users will be able to start earning ROI immediately with the M100, and maintain their competitive advantage over rival companies who delay,” said Paul Travers, President and Chief Executive Officer of Vuzix. “Those who roll-out the M100 into production now will be able to optimize work flows, gain user acclimation and capture unanticipated gains. Then, without losing any of the current benefits of the Vuzix Smart Glasses, they will be able to add or transition to the M300, with all of its ergonomic and performance upgrades for the long term.”
To aid in a seamless integration of the M300 into new client systems, as well as those currently deployed with M100s, Vuzix’ certified software application partners will be invited to receive beta M300s and associated SDK (software development kit) to ensure that their software platforms will support both the M100 and M300 concurrently.
“The new Vuzix M300 is not a departure from the M100 product, but rather a migration with significantly improved ergonomics and technical features, such as hot swappable batteries, Intel Atom processor running Android 6.0, and much more, all in a ruggedized form designed specifically for industrial use,” Mr. Travers continued. “Our strategy is to ensure that once the M300s arrive in production volumes, our software application partners are ready to integrate them seamlessly into our clients’ systems without delay.”
Pricing and associated commercial details will be available on the Vuzix website beginning Feb 1, 2016. For those clients who miss the M100/M300 Migration Package, or prefer to order only the M300, a separate Pre-Order program will be available. Pre-Orders will receive second shipment priority to the M100/M300 Migration Package clients when the M300s begin shipping in Summer 2016. Note that to support current and future M100 deployments, the commercially successful Vuzix M100 Smart Glasses will continue to be stocked and immediately deliverable beyond the release of the M300.