Gentex Announces eSight Acquisition Set to Showcase Advanced Vision Tech at CES 2024
January 07 2024 - 8:00AM
Gentex Corporation (NASDAQ: GNTX) announced today the asset
acquisition of eSight, a leading provider of vision enhancement
technologies, to develop and manufacture the next generation of
mobile electronic eyewear designed to help people living with
visual impairments. Gentex will prominently feature eSight’s
next-gen technology at the Consumer Electronics Show (CES) 2024.
Gentex is a technology company and a long-time supplier of
electro-optical products for the global automotive, aerospace, and
fire protection industries. It is best known for supplying nearly
every major automaker with connected-car technologies and advanced
electronic features that optimize driver vision and enhance driving
safety.
eSight is a wearable assistive technology that allows people
living with visual impairments to stay on the go while performing
the tasks of daily living. The comprehensive medical equipment
enhances vision for individuals with over 20 distinct ocular
disorders, frequently enabling users to attain 20/20 vision. eSight
eyewear combines a high-definition camera, proprietary algorithms,
and powerful processing platform to relay and magnify real-time
imagery onto two high-resolution screens positioned before each
eye, resulting in enhanced binocular vision.
“For many years, our expertise in vision technology has been key
in developing automotive solutions that improve driver safety,”
said Neil Boehm, chief technology officer at Gentex. “Our
acquisition of eSight is a strategic move to leverage this
expertise in the healthcare industry to address the challenges of
vision impairment, furthering our commitment to enhancing visual
safety and quality of life.”
Gentex has applied its innovative capabilities in digital
vision, software development, and industrial design to advance the
development of eSight eyewear in a partnership that was originally
announced in January 2022. The collaboration has focused on
reducing device size, improving design, enhancing overall system
performance, and applying Gentex’s advanced manufacturing skill
sets to help improve cost.
“Gentex purchasing eSight is an exciting development for
everyone involved,” said Aaron Tutwiler, eSight’s former chief
executive officer. “Millions of people experience the challenges of
living with low vision. Gentex’s specialized knowledge and advanced
capabilities in engineering, combined with its highly advanced
manufacturing capabilities will improve eSight functionality and
affordability to further expand the reach of those we can impact
with our life-changing technology.”
eSight technology will primarily be exhibited at CES in the
North Hall of the LVCC, booth #8863, but can also be seen in
Gentex’s main booth, West Hall, booth #6440. The Consumer
Electronics Show (CES) is the world’s gathering place for all who
thrive on the business of consumer technology. Owned and produced
by the Consumer Technology Association, it has served as the
proving ground for innovators and breakthrough technologies for
over 50 years. This year’s show runs January 9-12 in Las Vegas.
About eSighteSight champions vision
enhancement, offering cutting-edge devices for individuals with
vision loss. Catering to over 20 eye conditions, including macular
degeneration and diabetic retinopathy, eSight products are the most
versatile options on the market. Fully registered with the Food and
Drug Administration (FDA), the European Databank on Medical Devices
(EUDAMED), and overseen by Health Canada, eSight is dedicated to
unlocking new visual possibilities. Discover more at
www.eSightEyewear.com.
About Gentex Founded in 1974, Gentex
Corporation (NASDAQ: GNTX) is a supplier of automatic-dimming
rearview mirrors and electronics to the automotive industry,
dimmable aircraft windows for aviation markets, and fire protection
products to the fire protection market. Visit the company website
at www.gentex.com.
Gentex Media ContactCraig Piersma(616)
772-1590 x4316craig.piersma@gentex.com
Gentex Investor Relations ContactJosh
O’Berski(616) 772-1800 x5814josh.oberski@gentex.com
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/30252f1a-9a2a-47e3-bfc1-9ed628fbe0d7
https://www.globenewswire.com/NewsRoom/AttachmentNg/96a8a12c-8224-4d2b-97a3-d786e11edbac
Gentex (NASDAQ:GNTX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Gentex (NASDAQ:GNTX)
Historical Stock Chart
From Apr 2023 to Apr 2024