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PixelOptics Closes $45 Million Financing
Date:4/7/2011

ROANOKE, Va., April 7, 2011 /PRNewswire/ -- PixelOptics ("Pixel"), the world's first electronic focusing eyeglass company, announced today the successful closing of a $45M financing lead by Safeguard Scientifics, Inc. (NYSE: SFE).  The financing is comprised of $35M equity investment and $10M venture debt.  Participating venture capital organizations include: Safeguard Scientifics, Delphi Ventures, The Carlyle Group, Longitude Capital, and Stark Investments.  Horizon Technology Finance (Nasdaq: HRZN) provided the venture debt funding.

PixelOptics' core product emPower!™ was recently launched on March 18th during the International Vision Expo East in New York City.  emPower! is the world's first and only electronic focusing eyeglasses: www.emPowerEyeWear.com.  Capable of being fabricated in all prescriptions, emPower! will be available in numerous high fashion styles, shapes, sizes and colors beginning this spring.  emPower! changes optical power focus faster than the blink of an eye without moving parts and without making a sound.  These high-tech eyeglasses are waterproof and shock resistant and have three modes of operation: manual on, manual off, and fully automatic.

Ron Blum, O.D., Pixel's President and CEO said, "We are extremely pleased to have successfully closed on this new capital.  We also feel very humbled and fortunate to have forged such a very strong and credible financial syndicate led by a quality company such as Safeguard Scientifics. This will now allow us to grow Pixel properly as well as provide the company with the needed capital to support an ambitious launch for
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SOURCE PixelOptics
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