Vuzix Shares Rise 20% After Smart Glasses Order

Dow Jones12-19

By Kailyn Rhone

Shares of Vuzix jumped after the company said it received and shipped against a six-figure order from Augmex.

The smart glasses supplier's stock rose 20% to $4.61 in morning trading Wednesday. For the year, shares have more than doubled.

Vuzix said Wednesday it entered an agreement with Augmenx, which provides smart glasses solutions, to increase the productivity of Vuzix's smart glasses. The Rochester, N.Y.-based company said Augmenx will bundle its software with Vuzix's products to supply chain customers across Europe.

The partnership will help Vuzix with the high consumer demand of AI and AR-based solutions to increase their productivity and reduce their carbon footprint, said Chief Executive Paul Travers.

Write to Kailyn Rhone at kailyn.rhone@wsj.com

(END) Dow Jones Newswires

December 18, 2024 11:40 ET (16:40 GMT)

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