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The Markets
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The Markets
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NA Proactive news snapshot: Vuzix Corporation, Milestone Scientific, Kontrol Technologies ...

A glance at some of the day's highlights from the Proactive Investors US and Canada newswires

Vuzix Corporation (NASDAQ:VUZI) revealed that it has won and delivered a follow-on smart glasses order valued at over $400,000 to a large global retailer to support the solution's full deployment at its first facility to support the customer’s warehousing and logistics needs. The Rochester, New York-based company noted that the pandemic has continued to create “global supply uncertainties, disruptions, and inflationary forces” which are forcing companies to better manage their supply chains. “Combined with the ongoing growth of online shopping, attaining new productivity levels for product transportation, inventory management, and order fulfillment will become a distinct competitive advantage,” said the company. Under these circumstances, Vuzix pointed out that smart glasses are becoming “a cost-effective tool to facilitate these objectives” and an increasing number of the world's largest firms are starting to move from “trialing them to deploying them.”

Milestone Scientific Inc (NYSE:MLSS) has announced the purchase of its CompuFlo Epidural and CathCheck Verification System disposables by two additional leading hospitals. The company noted that the new orders will help expand its geographic footprint. “These orders from well-recognized hospitals illustrate our continued traction in the market,” said Milestone Scientific CEO Arjan Haverhals in a statement. “Importantly, both of these hospitals belong to large healthcare systems. One of these new hospitals represents an expansion to an additional location within its existing healthcare system, which is important validation of our technology," he added.

Kontrol Technologies Corp (OTCQB:KNRLF, NEO:KNR) has provided a corporate update on its operations and strategic initiatives as the company continues to grow. The company said that for December 2021 it has issued a monthly record of about $23 million in new requests for quotations, driven by continued growth across its operating platform. Kontrol added that it is currently quoting more than $35 million in new potential revenue opportunities. “We continue to expand opportunities within our existing customer base while working diligently to scale into additional markets with new customers,” said Kontrol CEO Paul Ghezzi in a statement.

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