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For more information, please contact:
The Egg Factory, LLC
Bradley J. Blum
Director of Business Development
540-777-6096
bblum@eggfactory.com

Innotech Founder Teams with Motorola To
Develop 'Electro-Active' Lens

NEW YORK --- A new company headed by Ron Blum, OD, the optometrist, inventor, and entrepreneur who founded Innotech, is developing a microchip-powered spectacle lens that can automatically focus at any distance.

The basic technology for what Blum called a "programmable, electro-active lens" is patented by Motorola, which has granted Blum's company, e-Vision, an option on an exclusive, worldwide license under U.S. patent 5,359,444 entitled "Auto-Focus Optical Apparatus."

Said Blum, who is president and chief executive officer of both e-Vision and its parent, the Egg Factory, "This Motorola intellectual property will benefit the proporietary vision-care technology currently under development by e-Vision."

Financial terms of the option and subsequent license involve both cash and equity, but specific details were not disclosed. As part of the transaction, Motorola will be given a seat on e-Vision's board of managers.

Shamir Optical, the Israeli company that designs and manufactures spectacle lenses and molds, is working with e-Vision to develop the lens.

Blum said the development project, though still in the early stages, is "beyond theoretical.

"We've passed proof of concept," he remarked. "We can emphatically state that we can take electronics and chemistry and change lens power by at least 2.00 diopters of add power."

Blum said that the auto-focusing technology involves a liquid crystal display, a power source, and an infrared range-finding system developed by Motorola.

Blum said, "This is something that will benefit the entire vision-care industry as well as society. We can use technology tricks that will allow doctors to approach vision care in a totally different way."

Blum declined to provide a timetable for the development project, saying only that e-Vision has been working on it for about nine months. "The maximum time for these projects is about three years," he said.

According to Blum, Egg Factory is a supplier of "transformational technologies." He said the company's goal is to supply those technologies to global companies that can then commercialize them.

Noted Keith Bergelt, director and general manager of Motorola's Strategic Intellectual Asset Management, "Motorola is looking at licensing our technologies where we can find strategic business partners that will take our technologies and develop healthy markets for them." - Andrew Karp

(Reprinted from Vision Monday, Vol. 14, No. 18)

 

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