Benzinga | Aug 31, 2021 09:04AM EDT

Vuzix Announces Distribution Agreement With Capestone

Vuzix(r) Corporation (NASDAQ:VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, today announced that it has signed a distribution agreement with Capestone bv ("Capestone"), a Netherlands-based distribution company, and has received its first stocking order for Vuzix Smart Glasses from Capstone for immediate delivery.

With offices in the Netherlands and Germany, Capestone is a leading distributor within the Benelux Union in Europe. The company is an innovative provider of 4G/5G hardware and related mobile solution technologies to telecoms & IT resellers, system integrators, service providers, and manufacturers within Europe and abroad. With more than a decade of experience, Capstone optimally supports its customers to get the maximum out of their solutions for their daily business. Offering a product range that has been carefully compiled and extensively tested, Capestone's technical expertise, marketing, large stocks and logistical support help resellers, system integrators, service providers and mobile network operators to meet customers' needs in the best possible way.

"Vuzix Smart Glasses are complementary to our current portfolio of mission-critical communications and Wireless WAN solutions. Vuzix mobility solutions are highly applicable in the industries in which we operate and also ensure that we can tap into a new market of AR technology. We optimally support our customers to get the most out of technology and we see an increasing demand for Augmented Reality in the workplace and for use in Enterprises. Capestone is looking forward to starting the distribution of Vuzix Smart Glasses and expanding sales all over Europe," stated Patrick Eijsackers, Sales Manager ATEX & Rugged Devices at Capestone.

"Our distribution agreement with Capestone further strengthens our presence in Europe, a region which offers solid growth opportunities for Vuzix Smart Glasses across many industry verticals," said Paul Travers, President and CEO of Vuzix. "Vuzix looks forward to an expanding distribution relationship with Capestone that spans all of our current Smart Glasses products and accessories, as well as future ones."