Benzinga | Dec 3, 2021 11:45AM EST

Vuzix Reports Distribution Deal With Barcotec, Receives Initial Smart Glasses Order, 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 it has signed a distribution agreement with Barcotec GmbH ("Barcotec"), a European supplier of innovative hardware, a device management cloud and a complete service package to regional and international companies and institutions, and has received and shipped against an initial order from them for Vuzix Smart Glasses.



Founded in 1989, Barcotec helps agile companies gain a competitive advantage through the use of technological tools for the design of digital work processes in production, logistics, trade, field service and healthcare. The company has extensive know-how in the areas of identification technology (barcode, RF-ID, voice), wearables (smart glasses, glove scanners), device management (unified endpoint management, mobile device management), communications systems (Bluetooth, narrowband radio, WLAN and WAN) and software integration for higher-level ERP and merchandise management systems.

"Vuzix is a leading global player in the world of wearables and is a perfect next step in the growing Wearables Business Unit of Barcotec. We look forward to expanding our distribution activities throughout Europe with Vuzix because it allows our customers and partners to adapt their applications even more diversely to current market requirements. New Vuzix customers and partners can now take advantage of the rapid availability of Vuzix products and accessories from our Salzburg headquarters. Remote work is here to stay and is a key business enabler for the future," stated Alexander Rainsberger, Managing Director at Barcotec.

"We continue to expand our global reach with the addition of established distribution partners such as Barcotec," said Paul Travers, President and CEO of Vuzix. "Vuzix Smart Glasses will support Barcotec's efforts to help its customers gain competitive advantage by using technological tools for the design of digital work processes across production, logistics, retail, field services and healthcare."