Vuzix, a manufacturer of augmented-reality smart glasses, announced it will build smart glasses for Toshiba Client Solutions, a wholly owned subsidiary of Toshiba Corporation.
Under the terms of the agreement, Vuzix said it has embarked on a rapid development program with Toshiba for $1 million, and it expects to additional purchase orders in Q4.
Details on the glasses were not provided and will be released at a later time, Vuzix said.
"We are excited to enter into this partnership with Toshiba and believe it represents a strong vote of confidence in our capabilities and recognition of our leading position within the wearable technology space," said Paul Travers, president and CEO at Vuzix. "Additionally, the agreement demonstrates how we are leveraging and partnering our industry leading technology with top-tier global partners. We trust that this will be the first of many ongoing collaborations between the firms."
"We have selected Vuzix as our new smart glasses development and manufacturing partner because we are very impressed with Vuzix' current line of smart glasses and other technology that the company has in development. We believe that Toshiba can leapfrog other wearable technology products with Vuzix' support and look forward to a very successful collaboration between the companies," said Carl Pinto, marketing and product development VP for Toshiba Client Solutions.