Vuzix Shares Surge On Collaboration With Materialise

Vuzix Corporation VUZI shares are trading higher Tuesday after the company announced a collaboration with Materialise NV MTLS to produce smart eyeglasses using 3D printing technology.

What To Know: The collaboration is expected to reduce the product manufacturing timeline from 18 months to three months, enabling brands to offer smart eyewear to consumers more rapidly.

Vuzix said it will provide third-party OEM companies with rapid prototyping services and a flexible and creative platform for producing smart eyewear.

"We believe that collaboration with Vuzix will bring new innovations to industrial smart eyewear and accelerate the customer adoption of smart eyewear in the enterprise and broader consumer markets," said Fried Vancraen, CEO of Materialise.

Vuzix is a leading designer, manufacturer and marketer of Smart Glasses and Augmented Reality technologies. Materialise is the world's largest manufacturer of 3D printed eyewear and operates one of the largest 3D printing factories in the world. 

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VUZI Price Action: Vuzix shares were up 13.2% at $5.05 at the time of writing, according to Benzinga Pro.

Photo: courtesy of Vuzix.