Benzinga | Jul 26, 2021 02:06PM EDT

Vuzix, MPH Group Forge Distribution Agreement, MPH Orders Vuzix Smart Glasses

* Vuzix Corporation (NASDAQ:VUZI) inked a distribution agreement with U.K. distribution company MPH Group. Vuzix has also received a volume purchase order from MPH for Vuzix Smart Glasses for immediate delivery.

* The financial terms of the deal were not disclosed.

* MPH distributes game-changing and highly immersive technologies that involve augmented reality, virtual reality, and IoT (Internet of Things) solutions.

* The distribution agreement with MPH will help further strengthen Vuzix's presence in Europe and the U.K. geographies, Vuzix CEO Paul Travers stated.

* Price action: VUZI shares traded lower by 0.42% at $14.31 on the last check Monday.