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Ophthonix Completes Series AA Financing at $25.9 Million
Date:5/26/2009

Funding supports the continued U.S. roll-out of the Z-View(R) Aberrometer and wavefront guided iZon(R) High Resolution Lenses

VISTA, Calif., May 26 /PRNewswire/ -- Ophthonix, a company that has developed advanced vision-correction products that provide consumers with superior optical clarity and crispness of vision, just announced that it has closed its $25.9 million "Series AA" financing. In addition to a significant investment by a new private investor, each of the company's current top-tier investors participated in the "Series AA" funding: Kleiner Perkins Caufield & Byers, Enterprise Partners, DAG Ventures, Gund Investment Corporation, InterWest Partners, Trex Enterprises and Wasatch Advisors' Cross Creek Capital Fund. The "Series AA" financing enables Ophthonix to continue the roll-out of the Z-View(R) Aberrometer and iZon(R) High-Resolution Lens throughout the U.S.

"We are very excited by our success in securing the support of a new private investor and the ongoing commitment of our world-class investment partners. The large investment by the new investor validates our business proposition and the company's valuation," said Stephen Osbaldeston, Ophthonix CEO. "First quarter 2009 sales growth in excess of 30 percent and our continued increase in prescribing optometrists underscores the significance of our technology. With this investment round we are well-positioned to continue to build distribution of our high-definition vision iZon Lenses among leading optometrists, while capitalizing on our recent strides in improving manufacturing margins and reducing operating expenses," Osbaldeston continued.

The iZon Lens design is based on a patient's optical fingerprint, or iPrint(TM) as measured by the company's Z-View Aberrometer. As a result, the iZon Lens can address the symptoms associated with the unique imperfections, or aberrations, of the eye that can cause sub-optimized visual
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SOURCE Ophthonix, Inc.
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