Vuzix Shares Rise After Order for Smart Glasses From Augmex

MT Newswires Live12-18

Vuzix (VUZI) shares rose 13% in recent Wednesday trading after the company shipped an initial six-figure smart glasses order to Augmex, which plans to bundle its software with the products for European customers.

Augmex, based in the Netherlands, plans to sell smart glasses to various industries, including warehouses and logistics, installation and service, as well as healthcare and hospitals, Vuzix said Wednesday in a statement.

The two main products include AugPick, which improves warehouse efficiency with visual data and hands-free use, and AugAssist, a remote support tool using smart glasses with live annotations, artificial intelligence and augmented reality, West Henrietta, New York-based Vuzix said.

Price: 4.35, Change: +0.51, Percent Change: +13.28

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