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Technology Stocks : Vuzix Corporation-VUZI-A Visionary Pick?
VUZI 5.770+2.1%Sep 27 3:59 PM EDT

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From: richardred3/18/2022 1:12:37 PM
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Vuzix Signs Distribution Agreement with Converge IoT That Will Include the Sale of Vuzix Smart Glasses on T-Mobile’s 5G Network ROCHESTER, NY, March 16, 2022 –

Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, today announced that it has signed a distribution agreement with Converge IoT, a North American distributor of 4G LTE and 5G hardware, software and connectivity solutions and bundles. Converge IoT is an exclusive National Primary Agent for the T-Mobile for Business Channel Partner Program and will sell Vuzix smart glasses across multiple industry verticals using T-Mobile’s 5G network – the largest, fastest and most reliable 5G network in the U.S. Vuzix has already received and shipped against an initial smart glasses order from Converge IoT. Converge IoT supports T-Mobile for Business customers with 4G LTE and 5G equipment to connect their wireless solution. Converge onboards best-in-class solutions into its Partner Teaming Program and its direct carrier sales teams cover strategic accounts, enterprise, SMB/mid-market and government. Solutions using Vuzix smart glasses are expected to be most impactful to businesses with field technical workers such as residential and commercial property maintenance, construction, healthcare, utilities, automotive, and many more. “Converge IoT strives to be a leader in innovative solutions that utilize 4G and 5G wireless connectivity. The addition of Vuzix to our line-up is the perfect example of how 5G will transform how companies do business today,” stated Mark Savage, CEO of Converge IoT. “We look forward to working closely with Vuzix to support direct customers as well as resellers to deliver cutting edge Vuzix smart glasses. We believe their solutions will be critical components in business process transformation utilizing 5G technology.” “We are continuing to increase the number of sales and support options available to North American customers with the addition of established distribution partners such as Converge IoT,” said Paul Travers, President and CEO of Vuzix. “Vuzix smart glasses will support their efforts to help T-Mobile for Business customers gain a competitive advantage by using technological tools for the design of digital work processes across production, logistics, retail, field services and healthcare.”

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