Vuzix, a company that is a leading supplier in the smart glasses and augmented reality space for consumer and enterprise markets, announced recently that it has signed a three-year agreement with Toshiba that will see the two come together on a custom smart glasses solution. The supply agreement revolves around the M300 Smart Glasses product that was developed by Toshiba and Vuzix earlier this year.
Through the new three-year agreement, Toshiba has basically put in an order that will make Vuzix the sole supplier of the product to Toshiba and its affiliates. And Vuzix has agreed to sell any such product exclusively to Toshiba for at least a year so long as Toshiba fulfills its minimum purchase order of $5 million.
Vuzix said, in a statement emailed to Dealerscope, that the product will be cobranded as a Toshiba product that is powered by Vuzix. It will be sold by Toshiba through their Toshiba Client Solutions group, which will bundle the smart glasses with a “specially designed mobile edge computing system” that was developed specifically for this program.