April 21, 2020 – Vuzix Corporation, a supplier of smart glasses and augmented reality (AR) technology and products, has announced that it has received an additional follow-on development order from what it states is a global Tier-1 Aerospace firm to build a customized commercial avionics waveguide-based head mounted display (HMD) system.
According to Vuzix, the customized HMD waveguide and HD display engine development program has continued to expand and move towards production orders since it was first announced in 2018. Through December 31, 2019, the company has already completed three stages of product development with this partner, totaling approximately USD $900,000. The most recent follow-on order for the fourth stage of this program totals approximately USD $400,000 and is expected to be completed during the second quarter of 2020.
“We are very pleased with the progress we continue to make with this large aerospace player and expect to soon move toward production opportunities in the commercial avionics and defense space,” said Paul Travers, President and CEO of Vuzix. “OEM custom waveguide-based projects such as this represent a profitable vehicle for leveraging our extensive optical expertise and IP and we look forward to announcing further developments with this firm, as well as numerous others, going forward.”
Image credit: Vuzix Corporation
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Sam is the Founder and Managing Editor of Auganix. With a background in research and report writing, he has been covering XR industry news for the past five years.