Vuzix, MPH Group Forge Distribution Agreement, MPH Orders Vuzix Smart Glasses

Vuzix Corporation (NASDAQ:VUZI) inked a distribution agreement with U.K. distribution company MPH Group. Vuzix has also received a volume purchase order from MPH for Vuzix Smart Glasses for immediate delivery.
The financial terms of the deal were not disclosed.
MPH distributes game-changing and highly immersive technologies that involve augmented reality, virtual reality, and IoT (Internet of Things) solutions.
The distribution agreement with MPH will help further strengthen Vuzix's presence in Europe and the U.K. geographies, Vuzix CEO Paul Travers stated.
Price action: VUZI shares traded lower by 0.42% at $14.31 on the last check Monday.

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