On December 18, 2018, the presentation ceremony of VMF, the first local watch brand, was held. Prof. Hamlet Isakhanli, the Founder of Khazar University and the Chairman of the Board of Directors and Trustees, was awarded with the National Hero Chingiz Mustafayev Foundation Diploma in the ceremony. Prof. Isakhanli was honoured with this diploma "for his significant activities and unprecedented services in the name of the development of the country".