I look for “event catalysts” when choosing stocks for the Breakthrough Tech Profits portfolio. Such an event has occurred. Time to act.

I brought Vuzix (NSDQ: VUZI) to your attention on November 3. Vuzix is a maker of augmented reality smart glasses.

I need to move fast when it comes to technology stocks. But my decisions shouldn’t be impulsive. That’s how investors lose money. So I added Vuzix to my “watch list.” I’ve been biding my time.

I needed an event to justify inclusion. This occurred on December 7, when Vuzix announced a supply agreement with Tokyo-based Toshiba (OTC: TOSBF).

Under the deal, Vuzix will sell to Toshiba the company’s smart glasses product. The market is global. This product was developed under an agreement between the two companies announced February 2017.

Under the new supply agreement, Vuzix agreed to sell customized smart glasses exclusively to Toshiba for up to 12 months. Toshiba must submit a minimum of $5 million in orders.

With a market cap of $139.88 million, Vuzix is a U.S.-based provider of augmented reality solutions. These solutions aren’t for games. They’re for businesses.

Vuzix makes M100 Smart Glasses. They’re a wearable computer and Android-based. The M100 boasts pre-installed apps enhanced with an onboard processor. The M100 also features recording functions and wireless connectivity. The M100 is designed for a variety of business functions. The company makes an enhanced version called the M300.

My favorable impression of the company was underscored by its latest operating results. In November, the company posted its third consecutive quarter of sequential growth. It also posted record revenue.

Vuzix is a small-cap stock. That means it can be volatile. At BTP, we’re not strangers to volatility.

Also, VUZI’s earnings have been negative. But that’s often the case with breakthrough technology stocks. We don’t insist on earnings growth at first. But we do insist on revenue growth. And we like to see that money plowed back into R&D. We like to see the company make investments in future growth. That’s been the case with Vuzix.

Vuzix also builds customized smart glasses for Toshiba Client Solutions, a subsidiary of Toshiba. With the new deal announced on December 7, the Toshiba partnership will become a huge source of growth in 2018.

At the Consumer Technology Association’s CES show in January 2018, Vuzix plans to introduce a new smart glass called the Vuzix Blade. The Blade features a see-through viewing experience. That’s another game-changer.

I’m adding VUZI to the BTP portfolio, with a buy limit of $12.00.