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Vuzix and Fraunhofer Announce Strategic Alliance for Display Technology Development

ROCHESTER, N.Y. July 14, 2011

http://photos.prnewswire.com/prnh/20110518/MM04932LOGO

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

Harald Schenk

About Vuzix Corporation

Rochester, NY Oxford, UK Tokyo, Japan www.vuzix.com

About Fraunhofer IPMS:

Dresden www.ipms.fraunhofer.de

Forward-Looking Statements Disclaimer

www.sedar.com www.sec.gov

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

[email protected]

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: [email protected]

SOURCE Vuzix Corporation

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