10:16 AM EDT, 05/14/2024 (MT Newswires) -- Vuzix ( VUZI ) said Tuesday it signed a multiphase development contract with Garmin ( GRMN ) for nano-imprinted waveguide-based display system.

Vuzix ( VUZI ) said it will develop and deliver waveguide-based optical systems with full custom projection engines and then production units.

Vuzix ( VUZI ) shares were up more than 26% in recent trading, while Garmin ( GRMN ) shares rose 0.5%.

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