- Ophthalmologist Doctor Shabbir Khambati appointed as a
founding board member
ROCHESTER, N.Y., Jan. 29,
2024 /PRNewswire/ -- Vuzix®
Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a
leading supplier of smart glasses and Augmented Reality (AR)
technology and products, today announced that it has established an
Optometry Advisory Board (OAB), whose primary purpose will be
to provide strategic input, guidance, and recommendations to
Company management on vision correction issues and how to better
build products and services to meet Vuzix' customer vision
requirements. The Company also announces the appointment of Doctor
Shabbir Khambati to this board as
the chair and a founding board member. Vuzix intends to add
additional members to its OAB going forward, as well as potentially
expand the scope of this board to address additional enhancements
related to its products and technologies.
The business of near-eye displays, or Head Mounted Displays
(HUDs) requires close attention to human vision capabilities and
correction, with over half the world's population needing some
level of vision correction and this need will only grow as the
global population ages. Coming up with new and implementable
methods and techniques to compensate for human vision issues is
critical for the ultimate success of HUDs and AR glasses. Increased
knowledge and oversight in vision correction will allow Vuzix to
better serve its customers and offer vision correction solutions
that still allow the benefits of AR glasses and HUDs in as seamless
a way as possible, as most industry observers state that vision
correction solutions must be found for AR glasses to succeed.
Numerous technology and healthcare firms maintain medical and
scientific advisory boards to support various needs. For Vuzix,
specific OAB activities may include, among other things, serving as
a resource on technological and legal medical issues by filling any
knowledge gaps in the organization, writing and reviewing
educational reports and case studies, assisting in establishing
research funding by forging relationships and scripting grant
proposals, and identifying potential fundraising opportunities in
the medical space.
Dr. Khambati is a board-certified ophthalmologist with extensive
knowledge of human optics. He has performed over 20,000 eye-related
surgeries and with the highest success rate in his home state of
Michigan. Dr. Khambati has extensive training in LASIK
surgery, cataract surgery, glaucoma surgery, eyelid surgery, retina
and glaucoma lasers. He has also been involved in medical
missionary work, performing over 1000 cataract and glaucoma
surgeries free of charge. Dr. Khambati received his B.S. degree
from Kent State University and his M.D.
from Wayne State University, School of
Medicine.
"The design, manufacture and implementation of advanced optical
solutions are at the heart of what Vuzix does and requires broad
expertise across many disciplines," said Dr. Khambati. "As a
founding member of this new advisory board, one of my goals will be
to apply my knowledge and experience in vision correction to Vuzix'
waveguide processes and solutions, as well as ensure that finished
products adhere to FDA-certified standards and regulations."
"Establishment of this board and the appointment of Dr. Khambati
to it mark key milestones for Vuzix as we continue to evolve as a
company," said Paul Travers, President and CEO of Vuzix. "Our
leadership position in optical waveguides, one of the most
important components in all future see-through AR smart glasses and
related display devices, requires that we have experts in our
corner such as Dr. Khambati, who can support Vuzix' commitment to
producing the safest and most innovative near-eye displays in the
world."
Vuzix Corporation
Vuzix is a leading designer, manufacturer and marketer of Smart
Glasses and Augmented Reality (AR) technologies and products for
the enterprise, medical, defense and consumer markets. The
Company's products include head-mounted smart personal display and
wearable computing devices that offer users a portable high-quality
viewing experience, provide solutions for mobility, wearable
displays and augmented reality, as well OEM waveguide optical
components and display engines. Vuzix holds more than 350 patents
and patents pending and numerous IP licenses in the fields of
optics, head-mounted displays, and augmented reality Video Eyewear
field. Moviynt, an SAP Certified ERP SaaS logistics solution
provider, is a Vuzix wholly owned subsidiary. The Company has won
Consumer Electronics Show (or CES) awards for innovation for the
years 2005 to 2024 and several wireless technology innovation
awards among others. Founded in 1997, Vuzix is a public company
(NASDAQ: VUZI) with offices in: Rochester, NY; Oxford, UK; Munich,
Germany; and Kyoto and
Tokyo, Japan. For more
information, visit the Vuzix website, Twitter and Facebook
pages.
Forward-Looking Statements Disclaimer
Certain statements contained in this news 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 Vuzix Smart Glasses, its newly established Ophthalmic Advisory
Board, its future impact on Vuzix and its near-eye display
products, and among other things the Company's leadership in the
Smart Glasses and AR display 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.
Media and Investor Relations Contact:
Ed McGregor, Director of Investor
Relations,
Vuzix Corporation
ed_mcgregor@vuzix.com
Tel: (585) 359-5985
Vuzix Corporation, 25 Hendrix Road, West
Henrietta, NY 14586 USA,
Investor Information – IR@vuzix.com www.vuzix.com
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SOURCE Vuzix Corporation