Shares of Vuzix Corporation (VUZI) surged nearly 30% on Monday morning following the announcement of a production order for bespoke waveguides from a prominent defense customer.
Vuzix has confirmed receiving a six-figure revenue production order for these customized waveguides, which are essential for facilitating lightweight heads-up displays (HUD). This order comes from a US-based firm renowned for its innovative and intelligent solutions within the global aerospace and defense sectors.
"Our collaborative development with some of the nation's leading defense contractors is advancing steadily," stated Paul Travers, President and CEO of Vuzix. "There is a growing demand for advanced see-through display technologies—a demand Vuzix is uniquely equipped to meet as an innovative US-based designer and manufacturer of waveguides and related technologies. We are eager to support this customer as they transition to volume production of their HUD solution for their end-users."
