Last week the Essilor Board of Directors took steps to finalize its merger with Luxottica through some business stuff that kept a bunch of European lawyers busy. This stuff included transferring nearly all the company’s shareholdings and activities to a subsidiary that will be renamed Essilor International. Meanwhile, the holding company for the Del Vecchio family, which controls Luxottica, transferred its shares to Essilor International. The merged company will be listed on the Euronext Paris exchange under the descriptive but unimaginative name EssilorLuxottica. The Board of Directors for the new company was also named.
Essilor has announced that more merger-related business stuff is in the works. You can read all the details here if that sort of thing appeals to you.
We’re excited to announce that Trivex lens material is now available for all epik lenses, as well as GSRx finished and stock single vision.
Trivex offers some great advantages for both adults and kids. It is the only material other than polycarbonate that has passed both the FDA Impact Resistance Test (at 1mm center thickness) and the High Velocity Impact Test, and meets ANSI Z87.1 '89 standards.
The drawback of polycarbonate has always been optical quality: with an Abbe value of 29, it has the highest chromatic aberration of any common eyeglass lens material. Trivex, however, has an Abbe value of 45, making it superior both to poly and all higher-index lens materials.
Trivex’s refractive index is significantly lower than poly’s (1.53 vs.1.58), so an increase in lens thickness may be noticeable with stronger Rx’s. But Trivex’s specific gravity of 1.11 makes it the lightest lens material available today.
According to PPG, the manufacturer of Trivex, patients with prescriptions of -3.00 to +3.00 will get the greatest benefit from Trivex. And the superior optics and high impact-resistance makes it perfect for kids.
Trivex is available with Transitions® and is fully compatible with INFINITY and INFINITY CLEAR non-glare coatings.
According to Vision Monday, “Essilor is abandoning traditional methods of developing and designing products in favor of an innovative, customer-driven approach.”
The former approach, based on “technique and know how, physical and chemical properties, engineering and optical design” has been replaced by a focus on “consumer segments,” which consist of “kids and teens” between ages 0 and 18; “young adults” aged 19 to 44 year-old; “midlife” people ages 44 to 64, “seniors” who are 65 years old and older, and “NextGen” consumers who lack easy access to eyewear and eyecare. The first fruits of this new design approach will be launched later this year.
Like other lens providers, GSRx already has lens designs tailored for each of these segments: SV and epik FFSV (kids and teens), epik DRV (young adults), and epik progressives (“midlife” people and “seniors,” aka presbyopes.) These products cost you about half the price of big-brand lenses. So it’s fair to ask why you’re paying so much more for branded products: to fund true innovation that helps your patients, or marketing that helps their brand?
Read the full story here. Read CEO Dave Jochims’ comments on the Essilor Luxottica merger here.