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Vuzix Receives Follow-on OEM Purchase Order for Engineering Services and Product Solutions from a Major Defense Customer
ROCHESTER, N.Y., June 13, 2023 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and
About this update from Vuzix Corporation
[{"type":"text","content":"ROCHESTER, N.Y., June 13, 2023 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), (\"Vuzix\" or, the \"Company\"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, is pleased to announce the receipt of a follow-on OEM purchase order for engineering services and products from a US-based company that is a leader in technologically advanced and intelligent solutions for the global aerospace and defense industry. The company expects this order will be delivered over the next several months. This follow-on order brings the total contract value to Vuzix thus far closer to a mid-six-figure level.\n\n \n \n \n \n \n \n\n \nThis follow-on contract is for Phase 2 development of components for a lightweight heads-up display (HUD) for technologies previously supplied by a non-US company. This defense customer is a supplier of several existing programs and has turned to Vuzix as a US-based manufacturer of waveguide and display technologies.\n\"Our development efforts with some of the country's largest defense contractors continue to progress at a steady pace,\" said Paul Travers, President and Chief Executive Officer at Vuzix. \"There is a significant need for advanced see-through display technologies that Vuzix remains in a unique position to deliver as a leading-edge US-based designer and manufacturer of waveguides and related technologies. We look forward to working with this customer and ultimately achieving a production award for a finalized solution.\"\nAbout Vuzix Corporation \nVuzix is a leading designer, manufacturer and marketer of Smart Glasses and Augmented Reality (AR) technologies and products for the enterprise, medical, defense and consumer markets. The Company's products include head-mounted smart personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality, as well OEM waveguide optical components and display engines. Vuzix holds more than 300 patents and patents pending and numerous IP licenses in the fields of optics, head-mounted displays, and augmented reality Video Eyewear field. Moviynt, an SAP Certified ERP SaaS logistics solution provider, is a Vuzix wholly owned subsidiary. The Company has won Consumer Electronics Show (or CES) awards for innovation for the y...