Shares of Vuzix (NASDAQ: VUZI) jumped as much as 19% today after the company announced a new partnership with Japanese telecommunications giant KDDI to sell smart glasses. As of 1 p.m. EST, the stock was still up 10%.
Vuzix said that it has partnered with various international subsidiaries of KDDI to sell Vuzix Smart Glasses to enterprise customers across several markets. Vuzix Smart Glasses leverage augmented-reality (AR) technology to free the user's hands and increase productivity of maintenance technicians. KDDI has already started to deploy the devices internally and will also resell the Smart Glasses to other customers.
Image source: Vuzix.
For further details see:
Why Vuzix Stock Jumped Today