Vuzix (VUZI) Wins Defense Contract for Custom Waveguides, Expands Market Presence

Vuzix Corporation (NASDAQ:VUZI) ranks among the best consumer electronics stocks to buy now. On September 29, Vuzix Corporation (NASDAQ:VUZI) revealed that a top U.S. defense contractor had awarded it a six-figure development order for customized waveguides. According to the company, the announcement is part of a growing number of defense programs that it is involved in. However, Vuzix Corporation (NASDAQ:VUZI) did not reveal the identity of the defense contractor or the waveguides’ estimated delivery date.

The deal signifies a growth in Vuzix’s market share in the defense industry, where the company’s see-through display technology and in-house production capacity have established it as a provider of military wearable display solutions.

Vuzix Corporation (NASDAQ:VUZI) designs, manufactures, and markets AI-powered smart glasses, waveguides, and AR technologies in North America, Europe, the Asia Pacific, and internationally.

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Disclosure: None. This article is originally published at Insider Monkey.