Vuzix Corporation announced that it has entered into a development agreement with a major consumer electronics brand to develop and incorporate Vuzix advanced see-through waveguide optics technology into a pair of next generation Smart Glasses. The agreement represents a first for Vuzix, offering a clear path toward a potential OEM partner to support commercialization of its next generation optics technology for Smart Glasses. Under the contract, Vuzix and the Tier 1 brand will work together to develop advanced waveguide based Smart Glasses prototypes that include Vuzix see-through optics engines.

It is anticipated that this first phase, expected to be completed in 2015, will be followed by a series of further programs that could result in the introduction of the resulting Smart Glasses into a commercial production solution. The final goal is to create a line of Smart Glasses that have the look and feel of designer sunglasses. At the request of the customer, both the name of the brand and details of the contract are being withheld.