In recent news the Company said it has acquired for an undisclosed cash payment two patents, one covering gesture controls of 3D virtual objects, including within augmented reality applications and the other ambient light management in see through wearable displays; US Patent number 6243054 and US Patent number 6559813 respectively. These patents add to the 50 patent and patents pending already part of Vuzix’ patent portfolio and further strengthens the Company’s Intellectual Property (IP) position in the wearable technology space. Vuzix places a strong emphasis on IP, and as a result has developed a relevant and constantly expanding portfolio of owned and licensed IP.
VUZI has two big releases planned for this year. The first is the second release of the M100 with an improved software package and user interface. ... The 2nd is what some are already calling the best augmented reality product to hit the market ever utilizing wearable displays for augmented reality. Instead of having to stare up at a tiny screen, imagine smart glasses which project the image into the space in front of the user by use of holographic optical technology.
See the full press release here: http://www.microcapdaily.com/vuzix-corporation-nasdaqvuzi-stock-in-focus/110727/