The Knowledge Base: Unlocking the Invisible—The Critical Role of X-ray Technology
Standard of Excellence: Turning Negative Customer Feedback Into Positive Outcomes
Smart Automation: The Growing Role of Additive Manufacturing
Vuzix Receives $10 Million First Tranche Investment from Quanta Computer
September 16, 2024 | PRNewswireEstimated reading time: Less than a minute
Vuzix® Corporation, a leading supplier of smart glasses and Augmented Reality (AR) technology and products, is pleased to announce that it has completed the closing of the first investment tranche, for the sale of $10 million in common stock at $1.30 per share, under its previously announced September 3, 2024 purchase agreement with Quanta Computer Inc.
"Feedback thus far from both our investors and potential industry partners and customers since our prior September 3rd announcement has been very positive," said Paul Travers, President and CEO of Vuzix. "Again, we look forward expanding our customer relationship and partnership with such a leading product manufacturer as Quanta, as well as ultimately realizing the significant new revenue potential for Vuzix with its waveguides for AI smart glasses in the upcoming years with both parties' successes."
The foregoing description of Quanta's investment is qualified in its entirety by reference to the Current Report on Form 8-K, filed with the Securities and Exchange Commission on September 3, 2024.
Share on:
Suggested Items
Aspocomp Reports Strong Q1 2025: Significant Sales Growth and Return to Profitability
04/30/2025 | AspocompAspocomp Group Plc announced its interim report for the first quarter of 2025, demonstrating a significant turnaround with substantial increases in both order book and net sales, and a clear return to profitability.
Worldwide Silicon Wafer Shipments Increase 2% Year-on-Year in Q1 2025
04/30/2025 | SEMIWorldwide silicon wafer shipments increased 2.2% year-on-year (YoY) to 2,896 million square inches (MSI) from the 2,834 MSI recorded during the same quarter of 2024, the SEMI Silicon Manufacturers Group (SMG) reported in its quarterly analysis of the silicon wafer industry.
TV Brands May Pass U.S. Tariff Costs to Consumers; 2025 Shipments Expected to Drop 0.7%
04/30/2025 | TrendForceTrendForce’s latest research indicates that U.S. reciprocal tariffs are likely to drive TV brands to pass rising costs onto consumers through higher retail prices in the second half of 2025, further weakening consumer spending momentum.
Teradyne Reports First Quarter 2025 Results
04/30/2025 | BUSINESS WIRETeradyne, Inc. reported revenue of $686 million for the first quarter of 2025 of which $543 million was in Semiconductor Test, $69 million in Robotics, and $74 million in Product Test. GAAP net income for the first quarter was $98.9 million or $0.61 per diluted share.
Empathetic Leadership for Incomprehensible Times
04/30/2025 | Nolan Johnson, SMT007 MagazineAudrey McGuckin and Catherine Sherman of the McGuckin Group delivered a keynote at the EMS Leadership Summit at IPC APEX EXPO 2025, emphasizing psychological safety and people-centric leadership in the EMS industry. Through personal stories, they fostered an open environment, where attendees learned about empathetic management practices. They introduced the popular BANI (Brittle, Anxious, Non-linear, Incomprehensible) model, underscoring the need for transparency and empathy in today’s complex business landscape.