by Fabio Esposito – CEO, Luxexcel
Luxexcel is known as a technology leader in 3D printed lenses. Today, we’re also being recognized for our role in enabling smart glasses with Augmented Reality prescription lenses.
My passion has always been to help customers be competitive through the adoption of disruptive technologies: Artificial Intelligence, Advanced Robotics, and now 3D printing. What I’ve realized throughout my career is that for disruptive technology to succeed it needs to focus on the problems customers are trying to solve
Luxexcel’s focus is to accelerate the introduction of consumer smart glasses by at least 5 years.
Augmented Reality smart glasses are made up of different technologies, all packed into a single device. This alone represents a huge challenge for technology companies especially if they want to make smart glasses that look like regular eyewear. Additionally, if you consider that today 70% of the world population needs vision correction and that this will increase to 80% by 2030, smart glasses need to include prescription lenses. The first generation of smart glasses that have been developed focused exclusively on display technology and vision devices, neglecting the prescription need. Today, technology companies are working on adding ‘prescription’ to smart glasses devices.
Luxexcel’s 3D printing technology seamlessly combines prescription lenses and smart technologies to provide smart glasses in a normal form factor.
The disruption we’re enabling at Luxexcel is the shift from adding prescription to smart glasses to integrating smart devices into prescription lenses.
Customer-centric development of our technology has been key to bring disruptive innovation to the smart eyewear market. This market’s requirements are very specific and require a very unique technology for producing a lens in volume that is light, thin, and durable while including prescription power. The ultimate goal we had as an organization was to develop a complete technology platform with flexibility not only towards lens designs, but also seamless integration of films, waveguides, and devices in prescription lenses.
Our Research and Development roadmap has been defined to ultimately provide a complete solution to volume manufacture Augmented Reality prescription lenses for smart glasses, with the click of a mouse. Today, with our 3D printing platform, customers can create large volumes of smart lenses each with individualized prescription power. The platform is scalable and includes proprietary hardware, software, ink-materials, and processes.
Smart eyewear is a market in development as is evident from the latest Research and Markets report, which indicates that the global market for Augmented Reality/ Virtual Reality is anticipated to generate revenues of $1,274.4 billion by witnessing a CAGR of 42.9% between 2020 and 2030.
We’re proud of the role we’re playing in the smart glasses ecosystem. Today, we’re part of an ecosystem of technology developers, suppliers, and manufacturers that all collaborate to develop Augmented Reality smart glasses. Our collective goal is to make a device that is thin, light, and consumer-friendly while including prescription power.
About the author:
Fabio Esposito is the Chief Executive Officer and leads Luxexcel, as the first company globally to 3D print smart prescription lenses, to strategic, financial, and operational growth.