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

emPower!.  We anticipate launching emPower! across North America and beginning a regional rollout in Europe within the next 12 months.  Following this, we expect to start selling emPower! in Asia within 24 months. "

Gary J. Kurtzman, M.D., Managing Director in the Life Sciences Group at Safeguard Scientifics stated, "The Pixel team has developed a disruptive technology with emPower! that will revolutionize the standard of care for eyeglass wearers, specifically those with presbyopia. Pixel aligns with Safeguard Scientifics' focus to partner with companies that have an innovative product or service, rapid path to commercialization and a strong management team. I have been wearing emPower! every day since we began our due diligence process and can't imagine going back to standard progressive lenses. I expect that millions of other eyeglass wearers around the world will agree." Dr. Kurtzman, along with Stephen T. Zarrilli, Senior Vice President and Chief Financial Officer at Safeguard Scientifics will be joining Pixel's board of directors.

Clay Musslewhite, Director of Marketing for Pixel further added, "emPower! has received unprecedented global media attention for an optical product from global media companies.  Within the last three months, emPower! has generated nearly 300 million impressions worldwide. Major media companies and publications, include The New York Times,  USA Today, Popular Science Magazine, CNN, CNBC, MSNBC, ABC, CBS, Fox Business, LIVE! with Regis and Kelly, Good Morning America, PC Magazine, Maximum Tech Magazine and foreign publications such as The London Times, NZZ Online (Switzerland), El Pais (Spain), The Telegraph (UK), MedIndia (India), The Eyes (Japan), fd.nl (The Netherlands), H K
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SOURCE PixelOptics
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