ROCHESTER, N.Y., Oct. 16, 2023 /PRNewswire/ -- Vuzix® Corporation (NASDAQ:VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, announced it has recently received and partially delivered against additional follow-on and new design orders from three Tier-1 aerospace and defense contractors with which it has been working. The revenue associated with these OEM orders is in the mid six-figure range. The Company expects to receive additional NRE (non-recurring engineering) orders for subsequent phases from some of these contractors. Once final customer-accepted product designs have been achieved, they could ultimately lead to production program orders. In at least one case, these deliveries are pre-production components.
Read more at prnewswire.comVuzix Continues to Receive Follow-on and New Design Orders from Multiple Tier-1 Aerospace and Defense Firms
PR Newswire -
Mon Oct 16, 2023
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