Vuzix spikes on Waveguide optics tech announcement

|About: Vuzix Corp (VUZI)|By:, SA News Editor

Vuzix (VUZI +4.2%) shares spike after the company announces "a major optical breakthrough that will dramatically improve glasses-based wearable technology."

Developed jointly with Nokia, Waveguide optics use a 1.4mm "window" similar to a fiber optic with a tiny input pupil which is expanded using a hologram. The company states that the tech provides significant improvements in weight, volume, simplicity, and optical performance compared to light-bending materials.

Vuzix's M2000AR single-eye device will use the Waveguide tech, with the company planning a number of other products in 2014.