March 13, 2019 – Vuzix Corporation has announced that it has received a follow-on purchase order for approximately USD $1 million for its M300C smart glasses. The follow-on smart glasses order falls under the 3-year supply agreement between the company and its existing OEM partner.
“We are excited to see this relationship move forward and develop as originally expected,” said Paul Travers, President and Chief Executive Officer at Vuzix. “The enterprise smart glasses market continues to move towards large scale adoption as smart glasses become a mainstream device helping to increase employee productivity. Travers added: “This order represents one of what we expect to be many more proof points seen over the balance of this year.”
Although not yet confirmed by Vuzix, it is highly likely that the purchase order is part of the 3-year supply agreement with Toshiba that was announced in December 2017. Adding to that the fact that the company released the above image with Toshiba branded smart glasses as part of its press release.
Vuzix first announced its partnership to build customized smart glasses for Toshiba back in February 2017. As part of the 3-year supply agreement, the custom made glasses are co-branded as a Toshiba product, powered by Vuzix. Toshiba’s Client Solutions group bundles the smart glasses as its dynaEdge AR Smart Glasses.
Toshiba describes the dynaEdge as a “hands-free Augmented Reality solution designed to help large enterprises improve efficiency, quality and operating flexibility”, adding that its AR offering “delivers a complete solution, incorporating both hardware and software in one turnkey package.” Toshiba’s dynaEdge bundled mobile edge computing system offering enables multiple usage scenarios, including See-What-I-See, Remote Expert, Document Retrieval, Workflow Instructions and Real-Time Data Capture.
Image credit: Vuzix