Vuzix Invests In Ox Fulfillment Solutions For Supply Chain Optimization

Smart Glasses and Augmented Reality (AR) technology and product supplier Vuzix Corporation (NASDAQ: VUZI) disclosed its involvement in a private seed investment round announced by supply chain and order fulfillment software provider Ox Fulfillment Solutions (formerly Oculogx).
The investment round led by MaC Venture Capital and Cortado Ventures included a minority investment from Vuzix.
Ox plans to utilize the funding towards investment in partnerships and support operational expansion to assist supply chain optimization using machine learning in large retail firms.
Ox’s team and innovative hands-free smart glasses-based augmented reality order management system will help retailers in faster order pick up and ensure higher accuracy than incumbent technology, as per Vuzix CEO Paul Travers.
Price action: VUZI shares are down 2.58% at $22.98 on the last check Tuesday.