Vuzix Establishes New Offices, Corporate Entities In Germany & Japan To Cut Costs

• Vuzix Corporation (NASDAQ: VUZI) has established new offices and corporate entities in Germany and Japan.

• The new international infrastructure developments will allow VUZI to better serve existing partners and customers and develop and support new relationships.

• Germany and Japan are geographically positioned to take advantage of considerable local and regional market prospects.

• The move also helps reduce overall costs for the company due to the elimination of capital taxes based on the Vuzix parent corporate entity.

• Vuzix opened an EU-based office in Munich, Germany, serving the EU, the Middle East, and Africa.

• In Japan, Vuzix has converted its legal designation from a branch to a corporate entity and has opened a new office in Kyoto.

• Price Action: VUZI shares are trading lower by 1.82% at $3.77 on the last check Monday.

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