Business
Vuzix Achieves Waveguide Production Milestones and Receives Additional $5 Million Quanta Investment, Bringing Total Funding to $20 Million
Vuzix® Corporation (NASDAQ: VUZI) ("Vuzix" or the "Company"), a leading supplier of smart glasses and augmented reality (AR) technology, today announced that it has successfully achieved the milestones tied to its strategic investment agreement with Quanta Computer Inc. (TWSE: 2382.TW) ("Quanta"). As a result, Vuzix has received the third tranche of funding, bringing Quanta's total investment in the Company to $20 million, as provided for under its September 3, 2024 securities purchase agreement
About this update from Quanta Computer Inc.
[{"type":"text","content":"ROCHESTER, N.Y., Sept. 22, 2025 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI) ("Vuzix" or the "Company"), a leading supplier of smart glasses and augmented reality (AR) technology, today announced that it has successfully achieved the milestones tied to its strategic investment agreement with Quanta Computer Inc. (TWSE: 2382.TW) ("Quanta"). As a result, Vuzix has received the third tranche of funding, bringing Quanta's total investment in the Company to $20 million, as provided for under its September 3, 2024 securities purchase agreement ("SPA") with Quanta.","length":618,"tagName":"p"},{"type":"image","alt":"Vuzix Corporation logo (PRNewsfoto/Vuzix Corporation)","displaySize":"","headline":null,"caption":"Vuzix Corporation logo (PRNewsfoto/Vuzix Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":301,"url":"https://media.zenfs.com/en/prnewswire.com/ad0fd1160ed19c1122c625a969a26b0c"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/UdMl_PFFxexfHm0qNN5m6Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTQyMTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/ad0fd1160ed19c1122c625a969a26b0c","width":300,"height":301}},"href":"https://mma.prnewswire.com/media/2679228/Vuzix_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The release of this tranche and completion of the SPA funding strengthens Vuzix' balance sheet and provides additional resources to scale its OEM waveguide manufacturing operations. It also marks another vote of confidence from one of the world's leading computing technology manufacturers.","length":298,"tagName":"p"},{"type":"text","content":"C.C. Leung, Vice Chairman of Quanta Computer, stated, "Our additional investment in Vuzix reflects our confidence in the company's technology, execution, and market opportunity. Vuzix has made impressive strides in bringing waveguide technology into volume manufacturing, and we believe they are uniquely positioned to help drive the next wave of AR adoption. We look forward to deepening our collaboration as the market continues to evolve."","length":461,"tagName":"p"},{"type":"text","content":""The completion of this tranche is both a financial and strategic milestone for Vuzix," said Paul Travers, President and CEO of Vuzix...