Vuzix (VUZI) said Monday it was selected by the US Department of the Air Force's AFWERX platform for a smart business innovative research phase 1 contract to develop augmented reality head-mounted displays using waveguide technologies.
Under the contract, Vuzix will develop and supply waveguide and head-mounted display capabilities, the company said.
Financial terms of the contract were not disclosed.
Shares of the company were up 6.3% in recent trading.
Price: 1.43, Change: +0.09, Percent Change: +6.34
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