Benzinga | Nov 3, 2021 11:12AM EDT

Vuzix Reports Received Follow-On Order For Deployment Of Co.'s Smart Glasses To Another Fortune 50 Customer, No Terms Disclosed

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 the company has received a follow-on order for deployment of Vuzix Smart Glasses to another Fortune 50 customer to support its supply chain operations internationally.



COVID-19 has continued to create global supply uncertainties, disruptions, and inflationary forces which are forcing companies of all sizes to better manage their supply chains. Combined with the ongoing growth of online shopping, attaining new productivity levels for product transportation, inventory management and order fulfillment will become a distinct competitive advantage. Smart glasses are becoming a cost-effective tool to facilitate these objectives and an increasing number of the world's largest firms are starting to move from trialing them to deploying them.

"Across the board, Vuzix is investing time and resources to support our largest customers within the retail, warehousing and logistics vertical that have come to Vuzix with specific use cases and operational challenges that they would like to solve with smart glasses. This new Fortune 50 customer is one of several exciting opportunities within this vertical and Vuzix looks forward to providing ongoing hand-to-glove support to help this customer successfully scale and globally roll out our products," said Paul Travers, President and Chief Executive Officer at Vuzix.