Kits Announces Upgrade to the OTCQX Best Market in the U.S.

By Staff
Monday, May 10, 2021 12:15 AM VANCOUVER—Kits Eyecare Ltd. (TSX: KITS), the vertically integrated, digital eyecare platform backed by the investor Roger Hardy, has been approved for immediate trading on the OTCQX Best Market, the top tier of the OTC Markets. Shares of the company were upgraded to OTCQX from the Pink market, according to an announcement late last week. Kits Eyecare began trading Friday (May 7) on OTCQX under the symbol “KTYCF.” In its announcement, Kits Eyecare said “upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors.” (Kits Eyecare has been listed on the Toronto Stock Exchange since the beginning of this year.)

Innovega Receives Securities and Exchange Commission Qualification for $15 Million Offering

By Staff
Friday, April 16, 2021 12:24 AM BELLEVUE, Wash.—Innovega Inc. received SEC qualification for its $15 million Regulation A+ offering which set in motion the conversion of reservations to completed investments.

Innovega Expands Patent Filings for Assisting the Sensory Impaired

By Staff
Thursday, April 8, 2021 12:18 AM BELLEVUE, Wash.—Innovega reported that it filed three new patent applications for novel extended reality eyewear with features for those with visual and auditory impairment.

Mojo Lens Voted the Winner of Last Gadget Standing Competition at CES 2021

By Staff
Thursday, January 14, 2021 12:24 AM NEW YORK—Mojo Lens, a smart contact lens being developed by Mojo Vision, a Saratoga, California-based startup, was voted the winner of the prestigious Last Gadget Standing competition on Tuesday at CES 2021, the virtual consumer electronics show.

Materialise Makes ‘Strategic Investment’ in Virtual Eyewear Try-On Firm Ditto as Companies Begin Collaboration

By Staff
Wednesday, September 23, 2020 12:27 AM LEUVEN, Belgium and OAKLAND, Calif.—Materialise NV  (Nasdaq:MTLS), a global leader in 3D printing solutions, has made a strategic investment in Ditto, an Oakland-based developer of virtual eyewear try-on platforms, according to an announcement earlier this week.

VSP Global to Wind Down Sales of Level Smart Glasses

By Staff
Thursday, September 3, 2020 12:24 AM RANCHO CORDOVA, Calif.—VSP Global announced this week that it is discontinuing sales of Level, the smart glasses that represent the company’s initial foray into wearable technology.

IrisVision and Samsung Announce Partnership to Bring Vision Technologies to 200 Million Low Vision Patients Globally

By Staff
Wednesday, January 8, 2020 12:15 AM PLEASANTON, Calif.—Samsung Electronics Co. and IrisVision, a leader in digital vision technologies and maker of the world's first smart, wearable vision-assistive device, announced a strategic partnership to roll out IrisVision's groundbreaking technology worldwide. IrisVision's vision correction software platform utilizes the power of Samsung's industry leading Galaxy smartphones and XR devices and mobile AI platform to enable people with impaired vision to see clearly and live more independent lives, according to the announcement on Tuesday.

Opternative Names Lori McInerney as Chief Marketing Officer

By Staff

Wednesday, August 1, 2018 12:24 AM CHICAGO—Opternative Inc., a healthcare technology and online vision testing company, has named Lori McInerney as chief marketing officer. She will lead the marketing team in “driving brand awareness globally, growing partner marketing and bringing in new business,” according to an announcement Tuesday. Prior to joining Opternative, McInerney was vice president of marketing at Shiftgig, where she and her team were responsible for driving new business via targeted content and thought leadership, increasing brand awareness and public relations, and recruiting on-demand talent, Opternative said in its announcement. She also spent more than 10 years at CareerBuilder in various marketing and sales leadership roles.

E-Vision Develops Platform to Demo Its Electronic Contact Lenses

By Staff
Thursday, May 10, 2018 12:15 AM SARASOTA, Fla.—E-Vision, an optical technology company based here that is developing an autofocusing contact lens, recently announced that it has successfully completed an electronic contact lens platform device to demonstrate the ability to its lens to electronically change diopters in real time. The device electronically shifts focus on demand utilizing e-Vision Smart Optics patented technology, the company said in a press release. “People are amazed as they see the lens in action, realizing how this technology can impact our industry by offering electronic diopter control. Our first-in-category electronically controlled features must be seen to believe,” said Joel D. Zychick, E-Vision’s president and CEO.

PogoTec Offers Glimpse of its Wearable AR System

By Staff
Friday, April 27, 2018 12:15 AM NEWPORT BEACH, Calif.—Wearable tech company PogoTec has offered the first glimpse of a prototype of its Augmented Reality system, PogoAR. On Tuesday, the company released photos that show sunglasses both with and without PogoAR, which it described in a press release as “a first-of-its-kind binocular augmented reality system that works seamlessly with most existing eyewear styles to provide a convenient, fashionable and easily portable AR platform.” New or old eyeglasses can be equipped with the propriety system, which attaches to the top of an eyeglass frame, as shown here. With PogoAR, one or two SKUs can attach to the majority of eyeglass frame styles, PogoTec said. PogoTec has not announced a release date for PogoAR.

Intel Pulls Plug on Smartglass Development Project

By Staff
Wednesday, April 25, 2018 12:15 AM SANTA CLARA, Calif.—Intel confirmed last week that it has shut down development of Vaunt, a stylish smartglass that beamed information onto the wearer’s retina. The news was first reported in TheInformation.com. The company confirmed the end of Vaunt (codenamed Superlight) in a statement offered to TechCrunch : “Intel is continuously working on new technologies and experiences. Not all of these develop into a product we choose to take to market,” Intel writes. “The Superlight project is a great example where Intel developed truly differentiated, consumer augmented reality glasses. We are going to take a disciplined approach as we keep inventing and exploring new technologies, which will sometimes require tough choices when market dynamics don’t support further investment.”

FDA Approves AI-Based Diagnostic System for Detecting Diabetic Retinopathy

By Staff
Friday, April 13, 2018 12:18 AM CORALVILLE, Iowa—IDx, a privately-held artificial intelligence (AI) diagnostics company based here, reported this week that the Food and Drug Administration (FDA) approved the company’s AI-based diagnostic system for the autonomous detection of diabetic retinopathy, a leading cause of blindness. The IDx-DR system is the first autonomous, AI-based diagnostic system authorized for commercialization by the FDA, according to the company’s announcement. As an autonomous, AI-based system, IDx-DR is unique in that it makes an assessment without the need for a clinician to also interpret the image or results, making it usable by health care providers who may not normally be involved in eyecare, the announcement noted.

Valeo and Ellcie Health to Develop Smart Glass for Driving

By Staff
Tuesday, March 27, 2018 12:21 AM PARIS—Valeo, an automotive supplier and tech company, has signed an agreement with start-up Ellcie Healthy, with the aim of accelerating the development of smart connected eyeglasses for driving.

PogoTec Names Svetlana Samoilova Vice President of Augmented Reality

By Staff
Friday, March 9, 2018 12:18 AM ROANOKE, Va.—Wearable device maker PogoTec has named Svetlana Samoilova as vice president of Augmented Reality (AR), effective immediately. Samoilova brings more than 20 years of software and hardware development and engineering experience to PogoTec, and will lead the AR team in the development of an augmented reality system attachable to eyewear and designed specifically for the consumer market. This AR system, believed to be the first of its type, will utilize the proprietary platform that PogoTec has developed that enables wearables to attach and detach magnetically to virtually all glasses.

Opternative Names Chief Revenue Officer in Move to Expand Management Team

By Staff
Monday, February 26, 2018 12:18 AM CHICAGO—Opternative Inc., a health care technology company offering online refraction, has named Scott Axonovitz as the company’s first chief revenue officer. He previously spent nearly a decade at CareerBuilder, where he headed up the global enterprise key customer business, according to an Opternative announcement last week. “Scott has a great background in sales and is already proving to be a powerful asset at our company,” Opternative chief executive officer Brent Rasmussen said in the announcement. “We are excited to see the growth trajectory of our company under Scott's direction.” (Rasmussen, who, as VMAIL reported, was named CEO earlier this year, is a former chief operating officer for North America at CareerBuilder).