– Vuzix® Corporation (NASDAQ:VUZI), (“Vuzix” or, the “Company”), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, announced it has received a low six figure dollar follow-on order for additional customized waveguide-based head-worn AR display engines from a major US defense contractor. The Company expects further NREs in subsequent phases before a customer accepted final product design would lead to an eventual production program order.
“We are very pleased with the progress we continue to make with this major US defense contractor as we pursue an ultimate production opportunity with them,” said Paul Travers, President and CEO of Vuzix. “OEM custom waveguide-based projects such as this represent a profitable vehicle for leveraging our extensive optical expertise and IP and we look forward to announcing further developments with this firm as this project proceeds.”
