Vuzix Corporation (NASDAQ:VUZI) announced that it has received a follow-up on an order and has delivered a new version of a customized commercial avionics waveguide-based head-mounted display (HMD) system to a global tier-1 aerospace firm.
The New York-based company said that the customized HMD waveguide and HD display engine development program with this customer has continued to expand and move toward production since it was first announced in 2018.
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"We are pleased with the steady progress we have made with this large aerospace player and look forward to potentially entering into a commercial production opportunity for Vuzix beginning in 2022," said Paul Travers, CEO of Vuzix in a statement.
He added: "OEM custom waveguide-based projects such as this should ultimately represent a profitable vehicle for leveraging our extensive optical expertise and IP and we look forward to announcing further production developments with this firm, as well as numerous other engineering and production opportunities with a growing list of aerospace and defense companies."
The company had previously completed multiple stages of product development and refinement with this partner through early 2021, receiving engineering awards totaling approximately $1.3 million over a multi-year period.
Vuzix is a leading supplier of Smart Glasses and Augmented Reality (AR) technologies and products for the consumer and enterprise markets.
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