Smart glasses-maker Vuzix up on orders from defense, commercial firms
10/01/2023 17:00
** Shares of smart glasses-maker Vuzix Corp VUZI.O rise
3.7% to $4.26
** VUZI says it received purchase orders from three
previously undisclosed defense firms and one commercial customer
during the second half of 2022
** The orders, which were partially or fully shipped before
the year end, are expected to expand in size over time, the
company says
** "With some of these defense firms, we are already
discussing much larger development and supply contracts for
2023," CEO Paul Travers says
** VUZI fell ~59% last year
(Reporting by Chavi Mehta in Bengaluru)
((Chavi.Mehta@thomsonreuters.com;))