Vuzix Corporation (NASDAQ:VUZI) said it has signed a distribution agreement with Robotiques Cyborg, a France-based multi-national distributor of high-technology solutions, and has received and shipped against an initial $300,000 order from them for Vuzix smart glasses.
"We are thrilled to be partnering with Robotiques Cyborg, who can not only provide us with new and diverse distribution opportunities, but also integrate our smart glasses into the installation and servicing process for various robotic solutions," said Paul Travers, president and CEO of Vuzix in a statement. "We look forward to supporting their efforts to help their customers gain competitive advantages within their respective industry verticals."
To date, Vuzix noted, Robotiques Cyborg has partnered with companies focused on robotics and cybersecurity. Robotic products include commercial service robots, customizable service robots and smart robotic hands. Cybersecurity solutions involve the protection, authentication, and enhancement of customer brands, services and revenue. Industry verticals served include construction, shopping malls, hospitals, restaurants, hotels and arcades.
READ: Vuzix says hospital in Japan using its Vuzix M400 smart glasses to provide remote medical support
Robotiques Cyborg's partnership with Vuzix adds a full line of industry-leading smart glasses to its portfolio of distributed solutions. Through the use of Vuzix smart glasses, the company believes its customers will be able to reduce their CO2 emissions via remote meetings that can be conducted anywhere, take out the language barrier for personal and business use, more easily access certain applications, and possible control certain robots with the glasses, among other things.
Vuzix is a leading supplier of Smart Glasses and Augmented Reality (AR) 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.
Vuzix holds 245 patents and patents pending and numerous IP licenses in the Video Eyewear field. The company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2022 and several wireless technology innovation awards among others. Founded in 1997, Vuzix has offices in Rochester, New York state, Oxford, UK, and Tokyo, Japan.
Contact the author at jon.hopkins@proactiveinvestors.com