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Vuzix Announces Significant Cost Cutting Aligned With Tighter Focus On Select Smart Glasses And OEM AR Technologies; Anticipates Proactive Actions Will Result In A Reduction Of Our Cash Annual Operating Expenses Of ~$8M Or 25%, Fully Implemented

 Vuzix® Corporation (NASDAQ:VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, today announced the immediate commencement of an expansive

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