11:42 AM EDT, 04/29/2025 (MT Newswires) -- Vuzix ( VUZI ) said Tuesday it has acquired a waveguide research and development facility in Milpitas.

The facility will allow the creation of waveguide designs that will be used to back the development of artificial intelligence-enabled smart glasses, the company said.

The total cost of the expansion will be in the "low seven figures" this year, Vuzix ( VUZI ) said.

The company's shares were rising 2.6% in recent trading.

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