Shamir Optical Industry Ltd. Announces Availability of its Annual Report on Form 20-F Through its Website

KIBBUTZ SHAMIR, Israel, June 16, 2011 /PRNewswire/ -- Shamir Optical Industry Ltd. (Nasdaq: SHMR) a leading provider of innovative products and technology to the ophthalmic lens market, announced today that its annual report on Form 20-F, containing audited consolidated financial statements for the year ended December 31, 2010, as filed with the Securities and Exchange Commission on June 16, 2011, is available through its website (www.shamir.co.il). Shareholders may receive a hard copy of the annual report free of charge upon request.

This press release is being issued pursuant to NASDAQ Listing Rule 5250(d)(1)(C).

About Shamir

Shamir is a leading provider of innovative products and technology to the progressive spectacle lens market. Utilizing its proprietary technology, the company develops, designs, manufactures, and markets progressive lenses to sell to the ophthalmic market. In addition, Shamir utilizes its technology to provide design services to optical lens manufacturers under service and royalty agreements. Progressive lenses are used to treat presbyopia, a vision condition where the eye loses its ability to focus on close objects. progressive lenses combine several optical strengths into a single lens to provide a gradual and seamless transition from near to intermediate, to distant vision. Shamir differentiates its products from its competitors' primarily through lens design. Shamir's leading lenses are marketed under a variety of trade names, including Shamir Genesis™, Shamir Piccolo™, Shamir Office™, and Shamir Autograph™. Shamir believes that it has one of the world's preeminent research and development teams for progressive lenses, molds, and complementary technologies and tools. Shamir developed software dedicated to the design of progressive lenses. This software is based on Shamir's proprietary mathematical algorithms that optimize designs of progressive lenses for a variety of activities and environments. Shamir also has created software tools specifically designed for research and development and production requirements, including Eye Point Technology software, which simulates human vision.

SOURCE Shamir Optical Industry Ltd.