Vuzix Corporation (NASDAQ:VUZI) announced Wednesday that it has received an initial deployment order of about $400,000 for Vuzix M400 Smart Glasses from a US-based Fortune 100 insurance and financial services company.
New York-based Vuzix said the order, received after more than 18 months of piloting, is for immediate delivery with the potential for subsequent deployment orders in the future as the customer expands its use of smart glasses.
Vuzix noted that the insurance industry has been an active embracer of new technologies over the past several years to streamline operations and enhance profitability.
READ: Vuzix sees its 4Q revenue surge 117% to a record $4.2M on smart glasses and engineering services sales
Vuzix Smart Glasses will be used by this company's fleet of insurance agents to help them in the field when they are capturing and reviewing claim-related information.
The M400's HD phase detect autofocus camera with zoom control is ideally suited to capture and store sharp photos and 4K video for claims processing, the company said.
"We continue to see an increasing number of companies across an expanding number of verticals selecting our industry-leading M400 Smart Glasses for deployment within their organization to either solve operational challenges encountered in the field at customer sites or simply help maximize human capital," said Vuzix CEO Paul Travers in a statement.
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