Vuzix Gains 2% On New Collaboration With GoPro

Shares of Vuzix Corporation (NASDAQ: VUZI), a supplier of video eywear and smart glasses products, were trading higher by more than 2 percent Friday morning.

Vuzix announced after Thursday's market close that it's one of the first developers to have been given access to GoPro Inc (NASDAQ: GPRO)'s recently unveiled GoPro Developer Program toolkits.

Vuzix stated its wearable smart glasses devices can now connect to GoPro's cameras for a hands-free capturing experience. The company added that a wireless connection with its products and the GoPro camera includes speech recognition capabilities.

"We continuously strive to enable enterprises to achieve productivity gains in the workplace. Connectivity with GoPro products through the GoPro Developer Program is a significant advance towards that effort," said Paul Travers, President and Chief Executive Officer at Vuzix. "Our wearable technology already generates efficiencies in the workplace. With this video capability, users who work remotely can see and experience the offsite location as if they were actually there." He continued, "In the prosumer space, the M300 combined with GoPro cameras is a perfect tool for the creation of immersive content."

"We are thrilled to welcome Vuzix to the GoPro Developer Program," said Adam Silver, director of strategic product partnerships at GoPro. "With Vuzix M300 Smart Glasses providing voice control of GoPro cameras for complete hands-free interactivity, users will be able to generate sharp, high resolution videos for professional and semiprofessional production alike."