Vuzix® Corporation, a leading supplier of smart glasses and augmented reality (AR) technology, today announced that it has successfully achieved the milestones tied to its strategic investment agreement with Quanta Computer Inc.. As a result, Vuzix has received the third tranche of funding, bringing Quanta's total investment in the Company to $20 million, as provided for under its September 3, 2024 securities purchase agreement ("SPA") with Quanta.

The release of this tranche and completion of the SPA funding strengthens Vuzix' balance sheet and provides additional resources to scale its OEM waveguide manufacturing operations. It also marks another vote of confidence from one of the world's leading computing technology manufacturers.

C.C. Leung, Vice Chairman of Quanta Computer, stated, "Our additional investment in Vuzix reflects our confidence in the company's technology, execution, and market opportunity. Vuzix has made impressive strides in bringing waveguide technology into volume manufacturing, and we believe they are uniquely positioned to help drive the next wave of AR adoption. We look forward to deepening our collaboration as the market continues to evolve."

"The completion of this tranche is both a financial and strategic milestone for Vuzix," said Paul Travers, President and CEO of Vuzix. He continued, "With Quanta's full $20 million investment now in place, we are well-positioned to further expand our waveguide production, advance new OEM programs, and continue growing our latest waveguide technology capabilities. This commitment by Quanta underscores the progress we've made and the long-term potential we see for AR smart glasses as a major new computing platform."

With the completion of this $20 million investment from Quanta under the SPA, Vuzix and Quanta are aligned to accelerate the commercialization of advanced AR solutions for OEM/ODMs across consumer, enterprise, and defense markets.

The foregoing description of Quanta's tranche 3 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 3rd, 2024 and the agreements attached as exhibits thereto.

TrendForce 2025 Near-Eye Display Market Trend and Technology Analysis
Publication Date : 8/29, 2025
Language : Traditional Chinese / English
Format : PDF
Page Number: 168