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Brief description of the Company:
Shamir is a leading provider of innovative products and
technology in the progressive spectacle lens market.
Utilizing its proprietary technology, the company develops,
designs, manufactures, and markets progressive lenses,
used to treat presbyopia, a vision condition which causes
the eye to lose its ability to focus on nearby objects.
Progressive lenses combine several optical strengths into
a single lens to provide a gradual and seamless transition
from near, to intermediate, to distant vision.
Shamir's innovative lens design techniques enable the
company to differentiate its lenses from competing
products. Shamir's lenses are marketed under a variety of
trade names, including Shamir Autograph™, Shamir Creation™, Shamir Genesis™, Shamir Piccolo™, Shamir Office™, and Shamir Attitude™.
In addition to direct lens sales, Shamir utilizes its
technology to provide design services to optical lens
manufacturers under service and royalty agreements
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Brief description of the main Products
Our products consist of finished lenses that we surface in
our laboratories and sell directly to the retail optical shops,
Progressive lenses that we sell to optical laboratories and
design services, including molds that we sell to optical
lens manufacturers under service and royalties
agreements.
Our progressive lenses are available in a variety of
materials, including standard plastics and high refraction
index plastics, which allow for thinner lenses. We currently
produce over 50 principal types of progressive lenses,
which differ from one another in design, color and lens
material, as well as in size and shape. Our lenses cover a
wide range of eye wear glasses for all needs and life style.
Among our leading brands of lenses:
Shamir Autograph,
Shamir Smart,
Shamir Creation,
Shamir Genesis,
Shamir Piccolo,
Shamir Office and
Shamir Attitude.
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Investment considerations:
Leading design capabilities and R&D expertise with
products and technologies to address the full spectrum
of progressive lens designs.
Strong distribution channels throughout the world.
A leading position in the fastest growing segment of
the spectacle lens market.
Shamir is growing faster than the progressive lens
market.
Positive demographic trends and shift from bi-focal,
creating expanded opportunity for progressive lens
market.
Global operations to support growing worldwide
customer base
Strong financial position and infrastructure in place to
support the continued growth of the company.
Experienced and dedicated management team.
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| At a glance... |
Primary sector:
Provider of innovative
products and technology to
the progressive spectacle
lens market.
Target markets: Optical
laboratories, opticians and
optical lens manufacturers.
Established: 1972
Worldwide offices: USA,
Europe, South Africa, Israel.
Distributors: China, India,
South America.
No. of Employees: 845
Date of IPO: March 11,2005
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