Press "Enter" to skip to content

Vuzix Invests In Ox Fulfillment Solutions For Supply Chain Optimization

  • Smart Glasses and Augmented Reality (AR) technology and product supplier Vuzix Corporation (NASDAQ: VUZIdisclosed its involvement in a private seed investment round announced by supply chain and order fulfillment software provider Ox Fulfillment Solutions (formerly Oculogx).  
  • The investment round led by MaC Venture Capital and Cortado Ventures included a minority investment from Vuzix.
  • Ox plans to utilize the funding towards investment in partnerships and support operational expansion to assist supply chain optimization using machine learning in large retail firms.
  • Ox’s team and innovative hands-free smart glasses-based augmented reality order management system will help retailers in faster order pick up and ensure higher accuracy than incumbent technology, as per Vuzix CEO Paul Travers.
  • Price action: VUZI shares are down 2.58% at $22.98 on the last check Tuesday.

This post was originally published on this site

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *