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Vuzix receives first stocking order for Vuzix Smart Glasses from Netherlands-based distributor Capestone

Published: 15:33 31 Aug 2021 BST

Vuzix Corporation -
"Capestone is looking forward to starting the distribution of Vuzix Smart Glasses and expanding sales all over Europe," said Patrick Eijsackers, from Capestone

Vuzix Corporation (NASDAQ:VUZI) said it had struck an agreement with Netherlands-based distribution company Capestone, receiving its first stocking order for Vuzix Smart Glasses, strengthening Vuzix's presence in Europe.

Capestone is a leading distributor within the Benelux Union in Europe and is an innovative provider of 4G/5G hardware and related mobile solution technologies to telecoms and IT resellers, system integrators, service providers, and manufacturers.

READ: Vuzix reveals 2Q financial results highlighted by continued growth in the Smart Glasses segment

"Capestone is looking forward to starting the distribution of Vuzix Smart Glasses and expanding sales all over Europe," said Patrick Eijsackers, from Capestone.

He said the Vuzix Smart Glasses were complementary to Capestone's current portfolio of mission-critical communications and Wireless WAN solutions.

"We optimally support our customers to get the most out of technology and we see an increasing demand for Augmented Reality in the workplace and for use in Enterprises," he said.

Meanwhile, Paul Travers, CEO of Vuzix, added: "Our distribution agreement with Capestone further strengthens our presence in Europe, a region which offers solid growth opportunities for Vuzix Smart Glasses across many industry verticals.

"Vuzix looks forward to an expanding distribution relationship with Capestone that spans all of our current Smart Glasses products and accessories, as well as future ones."

Rochester, New York-based Vuzix is a supplier of Smart-Glasses and Augmented Reality technologies and products for the consumer and enterprise markets.

The company's products include personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality.

Contact the author at giles@proactiveinvestors.com

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