ROANOKE, Virginia (May 31, 2001)–The Egg Factory, LLC announced today that Johnson & Johnson Development Corporation has made an investment in one of The Egg Factory, LLC’s affiliates, e-Vision, LLC.
"We are very pleased with the Johnson & Johnson Development Corporation investment", said Ronald D. Blum, O. D., president/CEO of The Egg Factory. "We believe the transactions we have now completed with Johnson & Johnson Development Corporation, Motorola, Shamir Optical (Israel) and those which we are currently finalizing with other multinational companies lend support to both The Egg Factory’s vision and business approach."
"e-Vision, LLC is developing a transformational vision care technology that has numerous optical applications," said Dwight Duston, Ph.D., The Egg Factory’s Chief Technology Officer and former head of Research & Development for the Strategic Defense Initiative (Star Wars). "The first of which we are developing is an electro-active lens that changes its focus by way of electricity and chemistry in milliseconds, without any moving parts. A lens of this type should eliminate distortion and swim, reduce head movement when one focuses at different distances, and reduce eyestrain."
"The Egg Factory is a friend of large companies – we are a creator, developer and vendor of transformational innovations for large global companies", according to Sunder Malkani, Vice President of Marketing and Business Development of The Egg Factory, LLC. "We help them grow their top and bottom lines. We are most pleased with the response that we have received to date from Fortune 500 companies. Our unique business model is working"
The Egg Factory, LLC is an organization dedicated to the development of significant commercial innovations. The Egg Factory, LLC has established a unique business model with a strategy to develop transformational technology-based business opportunities and to sell or license these opportunities to larger companies, particularly the Fortune 500. For additional information on The Egg Factory please visit www.eggfactory.com.
