The Knowledge Base: The Era of Advanced Packaging
Standard of Excellence: Finding and Developing Future Leaders in Manufacturing
Global Sourcing Spotlight: Navigating the Variables of Holiday Schedules in Global Sourcing
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
WiSA Technologies Inks Definitive Agreement to Acquire CompuSystems
12/27/2024 | BUSINESS WIREWiSA Technologies, Inc., which anticipates closing its acquisition of Datavault® intellectual property and information technology assets of privately held Data Vault Holdings Inc.® and changing its name to Datavault Inc.
'Qualcomm AI Program for Innovators' Launched to Foster On-Device AI Innovation in the Asia-Pacific Region
12/27/2024 | Qualcomm Technologies, Inc.Qualcomm Technologies, Inc. announced the launch of the Qualcomm AI Program for Innovators (QAIPI) 2025 - APAC, a new initiative aimed at supporting professional developers and startups from Japan, Singapore, and South Korea to create cutting-edge on-device AI solutions across diverse sectors.
Wistron Announces Strategic Investments
12/27/2024 | WistronWistron Corporation announced several strategic investments to support its ongoing business growth and development.
Indian IT Services Market Grows 6.4% in 1H2024 Driven by AI and Digital Transformation
12/27/2024 | IDCAccording to the International Data Corporation (IDC) Worldwide Semi-annual Services Tracker, the Indian IT Services market grew by 6.4% year-over-year (YoY) in 1H2024, contributing 79.2% of the overall IT & Business Services market.
Kimball Electronics Thailand Namlee School
12/26/2024 | Kimball ElectronicsKimball Electronics Thailand (KETL) has continued its commitment to supporting education and community development in Thailand.