Vuzix Receives New Follow-On Development Order Towards Waveguide-Based HMD System for Global Tier-1 Aerospace Firm
Order marks advancement forward for customized avionics product development based on Vuzix proprietary waveguide technology
Vuzix Corporation, a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, announced it has received an additional follow-on development order from a global Tier-1 Aerospace firm to build a customized commercial avionics waveguide-based head mounted display (HMD) system.
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 $900,000. The most recent follow-on order for the fourth stage of this program totals approximately $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.”
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