By Sam Boughedda
Investing.com — Smart glasses and augmented realities company Vuzix Corp (NASDAQ:VUZI) said Tuesday that it has received and delivered a follow-on smart glasses order valued at over $400,000.
Vuzix shares fell 7%.
The Rochester, N.Y.-based company said the order was for a large global retailer. They will support the full deployment at the customer's first facility to help its warehousing and logistics needs.
"Vuzix has spent a fair amount of time and resources honing this technology and we are now seeing growing market adoption of our products that are allowing companies to operate with greater productivity," said Paul Travers, president and CEO at Vuzix.
"We are pleased to be working with this client, which represents just one of multiple major retailers either implementing or testing our technology for logistics and warehouse usage," Travers added.
On Monday, Vuzix told investors it has reached an agreement with Verizon (NYSE:VZ) to deliver augmented reality with 5G and mobile edge computing. The announcement saw Vuzix shares spike before closing the session up just 0.43%.