Why The Vuzix Stock Increased 11.38% (VUZI)

By Amit Chowdhry ● Jan 24, 2023
  • The stock price of Vuzix (VUZI) increased by 11.38% in the most recent trading session. This is why.

The stock price of Vuzix (VUZI) increased by 11.38% in the most recent trading session.

Why: Vuzix announced that its Vuzix smart glasses have begun to be deployed by Ox, a Vuzix value-added reseller, at one of the world’s largest logistics platform providers.

KEY QUOTES:

“We’re excited to grow our partnership with Vuzix to deliver the benefits of wearable devices. Now more than ever, the largest supply chain companies in the world are turning to human-centered automation to increase operational efficiency. Our Operator Experience platform can run on any Vuzix smart glasses to power the future of work for retail and supply chain operations.”

— Charu Thomas, Founder and CEO of Ox

“We have been working with Ox for several years and it is great to see them start deploying our smart glasses at a leading firm in the logistics space. Ox is pursuing multiple customer opportunities using our smart glasses at this point and we look forward to their continued success with this customer and other blue chip firms.”

— Paul Travers, President and Chief Executive Officer at Vuzix