EssilorLuxottica expands employee shareholding reaching a record high

EssilorLuxottica expands employee shareholding reaching a record high

EssilorLuxottica announced the results of its 2020 international employee share ownership campaign (“Boost 2020”), increasing its employee shareholding to a record high of 44% at Company level. Recognizing its long-term commitment towards promoting employee shareholding, EssilorLuxottica has also been awarded with the “Grand Prix FAS 2020″ by the French Federation of Employee Shareholder Associations (FAS).

Following the success of “Boost 2020”, a total of approximately 63,000 EssilorLuxottica employees in 81 countries now hold a financial stake in the Company, up from near 56,000 employees in 2019, representing an increase of approximately 13%. In addition, more than 10,000 EssilorLuxottica employee retirees are also shareholders showing their engagement and confidence in the Group.

“At EssilorLuxottica, we believe that we believe that employee shareholding is the best way to strengthen our employees’ commitment to both our mission and strategy, aligning their interests with those of the Company and its other shareholders and driving collective success. We feel honored to be recognized for our long-term approach and commitment in the field of employee shareholding by the French Federation of Employee Shareholder Associations”, commented Francesco Milleri and Paul du Saillant, CEO and Deputy CEO of EssilorLuxottica, respectively.”

Metamaterial acquires assets and IP of Swiss lens manufacturer Interglass

Metamaterial Inc. a developer of high-performance functional materials and nanocomposites, today announced it has acquired specialized lens casting production equipment and intellectual property, including more than 70 patents, from Interglass Technology AG (Switzerland) for USD 800,000.
META will invest and expand its capabilities in design, development, and manufacturing of metaFUSION™ products for smart eyewear. This highly integrated solution combines embedded metamaterial and functional film elements with precision cast corrective lenses, which are required by over 50% of potential users in the market.

“One of the challenges in augmented reality (AR) eyeglasses, which Mark Zuckerberg so eloquently pointed out as a category killer, is to ensure that light from the AR display does not make the wearer look like an automaton, due to user-display-lit eye glow – especially at night. META successfully pioneered laser and security eyeglass filtering, to combat powerful pen pointers, for our customers like Airbus. Under a new brand name, metaFUSION™, we are now applying that proven technology and other functionality directly encapsulated into eyeglasses, to compliment waveguide-based displays similar to HoloLens®,” noted Jonathan Waldern, Chief Technology Officer. “The AR eyeglass display is one of the most complex engineering challenges of our time, and only advanced metamaterials, incorporated into the eyeglass lenses, will likely provide an acceptable solution.”

“Any augmented and virtual reality eyewear solution, whether from a major OEM or a startup, will need to address the need for prescription lenses. metaFUSION™ will combine the Interglass platform with META’s technology to offer embedded metamaterial solutions for on demand precision casting of prescription lenses. In addition, the associated patents would be valuable to any company participating in this eyewear market. On the same production system, we will be able to offer embedded functionality such as combiners, waveguides, and eye tracking sensors. These same integrated lenses can also enable much more compact HMDs for virtual reality,” said Gardner Wade, Chief Product Officer.

Interglass Assets Include Specialized Equipment, More Than 70 Patents
Combining the technology, equipment, and IP from Interglass with META’s metamaterial design and nanofabrication platform is expected to provide more elegant, powerful, and fully integrated solutions across a range of HMD applications. META is acquiring from Interglass Technology AG (in liquidation) lens casting equipment and related workstations and software, tools, and test equipment, along with intellectual property including patents, trademarks, know-how, technical data, proprietary software, designs, and trade secrets. Interglass has more than 70 international patents in the field of casting processes for high-quality plastic lenses or other optical components based on UV curing acrylics. Moreover, the Interglass process is highly sustainable, which will help to support META’s sustainability initiatives.

metaFUSION™ Benefits: Performance and Sustainability
metaFUSION™ lenses are directly cast into the final correction using a library of more than 2,000 prescription molds. This requires significantly less material, energy and water compared to conventional production, which involves milling and grinding an oversized lens blank. The metaFUSION™ production process requires a fraction of the energy. Typically, a corrective lens is cured in about 50 hours at >100° C – the metaFUSION™ technology just needs 10 seconds. Since metaFUSION™ lenses are poured and do not need grinding, no water is required in the production process. The metaFUSION™ coating process, based on plasma enhanced chemical vapor deposition (PECVD), is environmentally friendly and achieves superior scratch and abrasion resistance without using wet chemistry.

metaFUSION™ allows functional metamaterial films to be directly encapsulated within a prescription lens, supporting applications in Augmented and Virtual Reality (AR/VR) as well as a range of features including integrated see-through dimming to manage battery life, eye tracking to optimize resolution, latency and 5G data bandwidth, focusing and eye glow management. These films not only perform optical origami but combine to form a solid-state lens able to withstand the shock and environmental conditions for everyday work or consumer use.

PPG to invest $20 million by 2025 to advance racial equity

PPG and the PPG Foundation today announced a commitment to invest $20 million by 2025 to address systemic racism and advance racial equity in the U.S. by funding educational pathways for Black communities and people of color. The commitment strengthens PPG’s focus on education – a priority giving area for PPG and the PPG Foundation – and furthers its support of science, technology, engineering and math (STEM) education.

“We aim to reach diverse students and communities to champion change and empower historically underrepresented populations with greater opportunities to achieve brighter futures,” said Malesia Dunn, executive director, PPG Foundation and corporate global social responsibility. “Through this important commitment, we will prioritize equity and justice within education to close the racial gaps in STEM learning and careers, and help our society meet collective challenges quickly, creatively and effectively.”