Mercia Technologies PLC is pleased to announce that Aston EyeTech Limited (Aston EyeTech) has secured a multi-million pound product design, development and manufacturing contract with one of the largest, most successful and fastest growing optical retailers in the world.
Aston EyeTech is revolutionising the eyecare industry through increased portability, wider accessibility, lower costs and better user experiences. The company marries game-changing ophthalmic hardware with its proprietary AI software platforms to provide leading edge technology solutions in the optical space.
Mercia, which holds an 18.7% direct equity stake in the business and has worked with Aston EyeTech since 2013, initially invested via its third-party managed funds before making its first direct investment in November 2017. In addition to this major contract win, over the last 12 months the business has launched its new EYOTO™ brand of power-mapping lens visualizers.
Dr Mark Payton, Chief Executive Officer of Mercia Technologies, said: "Aston EyeTech is another good example of our promising direct investment portfolio, many of which are now in revenue growth. I expect more positive developments from this business and a number of our other direct investments in the near to medium term, as the portfolio continues to mature."
The full RNS Reach announcement can be found here.