Vuzix Corporation announced the establishment of an Integrated Solutions Business Unit within Vuzix and an inducement grant of restricted stock made to Pano Spiliotis in connection with his appointment as Managing Director of this newly created unit. As Managing Director of the newly created Integrated Solutions Business Unit, Mr. Spiliotis will oversee the acceleration of Vuzix' Smart Glasses in enterprise focused solutions including the company's ongoing software and service subscriptions. Mr. Spiliotis is a senior executive with strong experience in the high tech electro-optical field. His areas of expertise include business and software development and the development of strategic partnership alliances with Fortune 500 companies.