Benzinga | Sep 29, 2021 11:02AM EDT

Vuzix Shares Move Higher; Signs Distribution Agreement With Acuraflow, Receives Initial Smart Glasses Order

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 Acuraflow, a developer and deployer of sustainable management solutions, and has received an initial order from them for Smart Glasses.

Acuraflow, established 65 years ago under the name of Bruno Schillig, serves the oil and gas, chemical, mining, utilities, automotive, pharmaceutical and food and beverage industries. Originally focused on Argentina, the company has expanded to the United States and Latin America.

"This distribution agreement with Vuzix is very important for us to continue serving LATAM with digital transformation in industrial companies and to expand into education and healthcare. We view Vuzix products as best in class, especially for logistics, picking and medical use cases, where Vuzix excels on being lightweight and easy to use. As a master distributor in the region, our customers will be able to purchase Vuzix products with better shipping conditions, competitive landed costs, and a host of value-added services," stated Lucas Reed, Business Development Manager at Acuraflow.

"We continue to expand our global reach with the addition of established distribution partners such as Acuraflow," said Paul Travers, President and CEO of Vuzix. "With their value-added services approach, they are focused on accelerating the adoption of Industry 4.0 technologies among their customers and we look forward to an expanding relationship with them."