Vuzix Corp. (VUZI) Announces Strategic Investment in Supply Chain and Order Fulfillment Software Provider Ox Fulfillment Solutions

Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, today announced that the Company has participated in a private seed investment round announced today by Ox Fulfillment Solutions (formerly Oculogx). The investment round in Ox was led by MaC Venture Capital and Cortado Ventures and included a minority investment from Vuzix. Ox intends to use the funding to invest in partnerships and help expand its operations to assist more large retail firms in supply chain optimization using machine learning.

"Ox has assembled a very impressive team and built an innovative hands-free smart glasses-based augmented reality order management system that enables retailers to pick orders faster and more accurately than any incumbent technology. Vuzix is excited to be one of the new strategic investors in Ox and we look forward to partnering and supporting their smart glasses hardware business needs as they begin to scale their solution into brick-and-mortar stores in the coming quarters," said Paul Travers, Vuzix President and Chief Executive Officer.

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