Vuzix Corporation (NASDAQ:VUZI) announced that it has received a volume original equipment manufacturer (OEM) purchase order for custom-designed waveguides from a US-based, Fortune 50 software and hardware technology customer, which plans to use them in their own head-mounted display (HMD) product development program.
The supplier of smart glasses and augmented reality (AR) technologies and products said the waveguides are being built by Vuzix to specifically match the customer's needs and specifications.
“This order for custom waveguides represents the tip of the iceberg for Vuzix OEM supply efforts in terms of the expected long-term industry demand we are seeing,” Vuzix CEO Paul Travers said in a statement.
READ: Vuzix says it has received and begun delivering a follow-on smart glasses order valued at over $350,000 for a large US multinational retailer
“To address the growing OEM supply business, Vuzix also has plans in place to significantly increase its waveguide production capacity over the next year and further still into the future,” Travers added.
Vuzix noted the initial volume order is from one of many companies joining Vuzix’s growing OEM business.
Vuzix is a leading supplier of smart glasses and 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 and provide solutions for mobility, wearable displays and augmented reality.
Vuzix holds 246 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, NY, Oxford, UK, and Tokyo, Japan.
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