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> Investors > Company Description
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Company Description
Brief description of the company:
Shamir is a leading provider of innovative products and technology to the spectacle lens market. Utilizing its proprietary technology, the company develops, designs, manufactures, and markets progressive lenses to sell to the ophthalmic market. In addition, Shamir utilizes its technology to provide design services to optical lens manufacturers under service and royalty agreements. Progressive lenses are used to treat presbyopia, a vision condition where the eye loses its ability to focus on close 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 differentiates its products from its competitors' primarily through lens design. Shamir's leading lenses are marketed under a variety of trade names, including Shamir Autograph FreeFrame™, Shamir Autograph™, Shamir Smart™, Shamir Creation™, Shamir Genesis™, Shamir Piccolo™ and Shamir Office™. Shamir believes that it has one of the world's preeminent research and development teams for progressive lenses, molds, and complementary technologies and tools and has developed software dedicated to the design of progressive lenses. This software is based on Shamir's proprietary mathematical algorithms that optimize designs of progressive lenses for a variety of activities and environments. Shamir has also created software tools specifically designed for research and development and production requirements, including Eye-Point Technology™ software, which simulates human vision. | |
Brief description of the main products:
Our products consist semifinished and 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.
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