Vuzix Shares Surge On Collaboration With Materialise
Portfolio Pulse from Erica Kollmann
Vuzix Corporation (VUZI) announced a collaboration with Materialise NV (MTLS) to produce smart eyeglasses using 3D printing technology. The partnership is expected to reduce the product manufacturing timeline from 18 months to three months.
May 30, 2023 | 5:07 pm
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Materialise's collaboration with Vuzix to produce smart eyeglasses using 3D printing technology will significantly reduce manufacturing time.
The collaboration with Vuzix will enable Materialise to reduce the manufacturing timeline from 18 months to three months, allowing brands to offer smart eyewear to consumers more rapidly. This partnership is expected to bring new innovations to industrial smart eyewear and accelerate customer adoption, which will likely have a positive impact on Materialise's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Vuzix's collaboration with Materialise to produce smart eyeglasses using 3D printing technology will significantly reduce manufacturing time.
The collaboration with Materialise will enable Vuzix to reduce the manufacturing timeline from 18 months to three months, allowing brands to offer smart eyewear to consumers more rapidly. This partnership is expected to bring new innovations to industrial smart eyewear and accelerate customer adoption, which will likely have a positive impact on Vuzix's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100