Vuzix Enters into Development Agreement with Toshiba for a Customized Smart Glasses Device
[PhilNote: Putting this in the context of the Qualcomm VR hdwr accelerator program, I hope the strong Vuzix development team has a better experience with this than their previous Nokia development effort.]
Under the terms of this agreement, Vuzix and Toshiba have embarked on a rapid development program with milestone payments totaling over one million US dollars. With development efforts well under way, Toshiba, subject to a final manufacturing agreement, expects to place additional purchase orders from Vuzix for production deliveries in the 4th quarter of 2017. Further details on the new smart glasses product will be released soon after public marketing of the product commences.
See the full story here: http://finance.yahoo.com/news/vuzix-enters-development-agreement-toshiba-140000817.html