Fielmann Ventures announces investment in Israeli deep tech company Deep Optics

Investment complements disruptive technologies portfolio and strengthens Fielmann Group's capabilities in smart glasses

HAMBURG, Germany, Nov. 10, 2022 /PRNewswire/ -- Fielmann Group's Venture and Investment arm, Fielmann Ventures, has entered an agreement to acquire a 10% equity stake in Deep Optics, a leading deep tech company and developer in the electro-optics space. Fielmann Ventures is leading a Series C investment in Deep Optics, enabling the adaptive glasses company to further develop its groundbreaking technology.

Deep Optics, based in Petah Tikva, Israel, is the inventor and pioneer of dynamic focal glasses. Its proprietary technology uses pixelated liquid crystal lenses to adjust the focal distance of glasses to any distance. As a result, the wearer has a much larger field of vision compared to glasses with conventional progressive lenses. This technology not only has the potential to disrupt the optical lens market but also offers exciting applications in the field of smart glasses.

Marc Fielmann, CEO of Fielmann Group: "This investment is a decisive step in our Vision 2025 as part of which we digitise our family business. Following our customer-centric philosophy, we grow a portfolio of disruptive technologies that fundamentally transform the customer experience in the eyewear and acoustic markets. Our investment in Deep Optics extends our smart glasses offerings and complements our technological capabilities. While our 27 million customers will benefit from early access to a highly innovative lens technology, we also pave the way for a variety of exciting applications in the future: The ability to dynamically adjust the optical focus could become a game changer for the entire smart glasses industry. As part of our strategic partnership, we are going to jointly develop applications in the fields of progressive lenses and smart glasses."

Yariv Haddad, CEO of Deep Optics: "What excites me most about our partnership with the Fielmann Group is its complimentary nature: While we bring deep technology know-how and product development capabilities, Fielmann brings vast knowledge of customer needs and eyecare expertise. We share the belief in the future of adaptive optics, and we are going to jointly transform the customer experience using this technology. After developing our unique liquid crystal lens technology, we are thrilled to begin marketing our first product, 32°N, the only one of its kind that utilizes our unique lenses. After completing a successful beta testing phase, we are going to make 32°N available for customers next year. The additional funding will help us scale our adaptive vision correction and to continue to develop cutting-edge products for vision correction, along with augmented and virtual reality applications."

About the Fielmann Group
The Fielmann Group is a stock-listed family business based in Hamburg, Germany. As the most customer-centric provider of eyewear, contact lenses and hearing aids, we serve our 27 million active customers through an omnichannel platform comprised of digital sales channels as well as more than 900 retail stores across Europe.
https://www.fielmann-group.com/en

About Deep Optics
Deep Optics develops adaptive focal glasses using its novel liquid crystal lens technology. In 2021, the company launched its first adaptive glasses product: 32°N, sunglasses that switch to reading glasses in a swipe. It is collaborating with companies in the Augmented and Virtual Reality space (AR/VR) to improve optical performance and visual experience for users of AR/VR headsets. Deep Optics is also targeting the integration of its dynamic focal lenses in consumer medical devices in the field of visual health. Among its existing shareholders are EssilorLuxottica and Samsung Ventures.
https://deepoptics.com

Photo - https://mma.prnewswire.com/media/1943800/32N_adaptive_Sunglasses.jpg
Photo - https://mma.prnewswire.com/media/1943799/32N_by_Deep_Optics.jpg

SOURCE Deep Optics