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ISIN: US92921W3007 · WKN: A1KCVK · Symbol: V7XN
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Vuzix Announces Voluntary Dismissal of Shareholder Derivative Actions by Plaintiffs and their Counsel
[PR Newswire]
PR Newswire•December 16, 2019
ROCHESTER, N.Y., Dec. 16, 2019 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, today announced the voluntary dismissal by plaintiffs and their counsel of the consolidated shareholder derivative actions before the New York State Supreme Court for Monroe County (In Re Vuzix Corp. Derivative Litigation, Index No. E2018008765).
(PRNewsfoto/Vuzix Corporation)
(PRNewsfoto/Vuzix Corporation)
Vuzix had vigorously denied the allegations in the derivative actions as meritless and is pleased that the plaintiffs and their counsel voluntarily dismissed the case. This follows on the voluntary dismissal of the consolidated class action lawsuits by plaintiffs and their counsel last year on December 14, 2018 (announced on December 17, 2018).
"Vuzix will continue to defend the interests of the Company and all of the Company's shareholders, customers and business partners against false, misleading and defamatory statements made about Vuzix, its board and management, including those made in connection with meritless lawsuits," commented Vuzix CEO and President Paul Travers. "Vuzix is pleased to have this litigation behind us so we can continue to focus our efforts on delivering the products and technology that create real value for our customers, the Company and its shareholders."
About Vuzix Corporation
Vuzix is a leading supplier of Smart-Glasses and Augmented Reality (AR) technologies and products for the consumer and enterprise markets. The Company's products include personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality. Vuzix holds 147 patents and patents pending and numerous IP licenses in the Video Eyewear field. The Company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2019 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, and Tokyo, Japan. For more information, visit Vuzix website, Twitter and Facebook pages.
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, Suite A, West Henrietta, NY 14586 USA,
Investor Information – IR@vuzix.com www.vuzix.com
Cision
Cision
View original content to download multimedia:http://www.prnewswire.com/news-releases/vuzix-announces-volu…
SOURCE Vuzix Corporation
Vuzix Announces Voluntary Dismissal of Shareholder Derivative Actions by Plaintiffs and their Counsel
[PR Newswire]
PR Newswire•December 16, 2019
ROCHESTER, N.Y., Dec. 16, 2019 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, today announced the voluntary dismissal by plaintiffs and their counsel of the consolidated shareholder derivative actions before the New York State Supreme Court for Monroe County (In Re Vuzix Corp. Derivative Litigation, Index No. E2018008765).
(PRNewsfoto/Vuzix Corporation)
(PRNewsfoto/Vuzix Corporation)
Vuzix had vigorously denied the allegations in the derivative actions as meritless and is pleased that the plaintiffs and their counsel voluntarily dismissed the case. This follows on the voluntary dismissal of the consolidated class action lawsuits by plaintiffs and their counsel last year on December 14, 2018 (announced on December 17, 2018).
"Vuzix will continue to defend the interests of the Company and all of the Company's shareholders, customers and business partners against false, misleading and defamatory statements made about Vuzix, its board and management, including those made in connection with meritless lawsuits," commented Vuzix CEO and President Paul Travers. "Vuzix is pleased to have this litigation behind us so we can continue to focus our efforts on delivering the products and technology that create real value for our customers, the Company and its shareholders."
About Vuzix Corporation
Vuzix is a leading supplier of Smart-Glasses and Augmented Reality (AR) technologies and products for the consumer and enterprise markets. The Company's products include personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality. Vuzix holds 147 patents and patents pending and numerous IP licenses in the Video Eyewear field. The Company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2019 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, and Tokyo, Japan. For more information, visit Vuzix website, Twitter and Facebook pages.
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, Suite A, West Henrietta, NY 14586 USA,
Investor Information – IR@vuzix.com www.vuzix.com
Cision
Cision
View original content to download multimedia:http://www.prnewswire.com/news-releases/vuzix-announces-volu…
SOURCE Vuzix Corporation
https://www.rcrwireless.com/20191212/5g/verizon-5g-service-n…
Arbeitet NNS mit Hololens oder gibt es nun durch Verizon eine reale Chance auf Vuzix Produkte?
Arbeitet NNS mit Hololens oder gibt es nun durch Verizon eine reale Chance auf Vuzix Produkte?
Wobei ich das mit der Retina noch nicht ganz einordnen kann. Hab es die Versuche nicht schon früher, Dinge auf die Nezthaut zu projizieren? Und ich bin mir nicht sich wie „genau“ die Brille da sitzen muss...
Paule sagt:
„ I know this tech yes. Have you seen it work. And all the rest of the tech needed to make it useful? I don’t think this is the silver bullet frankly.“
Paule sagt:
„ I know this tech yes. Have you seen it work. And all the rest of the tech needed to make it useful? I don’t think this is the silver bullet frankly.“
Antwort auf Beitrag Nr.: 62.138.942 von grayWOLF am 12.12.19 08:45:30Nicht gut für unsere Pommesbude glaube ich
Trading Spotlight
Bosch kann auch bei Waveguides-Brillen eingesetzt werden! 🎅. https://next.reality.news/news/bosch-designs-easy-deploy-opt…
Wahnsinn wie unsere Pommessbude wieder am performen ist...
Ich kann kaum soviel nachkaufen (Achtung Ironie) wie sich hier die Kurse bewegen.
Ich kann kaum soviel nachkaufen (Achtung Ironie) wie sich hier die Kurse bewegen.
Paul kennt das Boschsystem wohl schon, hält aber nicht viel von...klar
Die Bosch-News sind bitter. Damit kannste aus jeder Brille Smart Glasses machen und die Blade sieht dagegen aus wie aus der Steinzeit...🤔😕
Damit kann auch jeder dahergelaufene Würstchenverkäufer Smart Glases auf den Markt bringen....
Einzig das Thema mit der Projektion auf die Netzhaut gibt mir zu denken?!?!
Damit kann auch jeder dahergelaufene Würstchenverkäufer Smart Glases auf den Markt bringen....
Einzig das Thema mit der Projektion auf die Netzhaut gibt mir zu denken?!?!
Alleine heute wurde 6 Brillen der Vuzix Blade über Amazon verkauft. Das Interesse an AR Brillen steigt von Monat zu Monat und Vuzix hat hier ein sehr gutes Portfolio und ist einer der ersten am Markt. Auch das nun Bosch an einer AR Brille arbeitet sind klasse News und wird die Aufmerksamkeit der AR-Brillen nach oben treiben und dadurch Vuzix bekannter machen.
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