CALGARY, Sept. 4, 2012 /CNW/ - Eyelogic Systems Inc. is pleased to announce an agreement with 20/20 Vision Center, LLC for exclusive distribution rights in the United States for remotely operated units. 20/20 is aggressively pursuing an online eye testing application where technicians and doctors from a centralized call center will perform eye testing on patients across the United States. The 10 year agreement, with a one-time renewal option, calls for a minimum purchase of 940 units over the initial term, with at least 20 units purchased during the first year.
Mark McDonald, President of Eyelogic, says "We are very excited to be working directly with 20/20 to bring online testing to millions of Americans. Online testing is an exciting development which has the potential to change the industry. We are very pleased 20/20 choose our world leading technology as a core component."
Dr. Richard Ombres, 20/20's Medical Director, estimates over 200 million of the U.S. population have refractive errors that are correctable with prescription glasses or contact lenses. "The critical first part of the eye exam, so often overlooked, is an accurate refraction," says Dr. Ombres, "Eyelogic's proven refractive algorithm, which is completed through objective and subjective refraction, is failsafe and highly accurate. It consistently gives us the best visual acuities obtainable with an optimum new optical prescription for eyeglasses and contact lenses."
Dr. Ombres went on to say, "This technology is a breakthrough for the millions of patients who want quick access to simple and accurate refractions in between their regular eye health visits. However, refraction is only a part of a complete eye exam and these tests do not replace regular eye health exams performed by a qualified Optometrist or Ophthalmologist." McDonald agrees, "Since our inception, we've consistently educated patients about refraction only testing. Ensuring every patient knows the difference between refraction and an eye health exam allows them make an informed decision about their individual needs."
20/20's Communication Director, Dr. Joseph Seriani O.D., said 20/20 is currently implementing licensing agreements with optical dispensaries, primary care physicians and pharmacies to make refractions more accessible, convenient, affordable and accurate. "There is a very large market for online testing. With our system, the eye doctor is always in. Morning, afternoon or evening, seven days a week. No appointment necessary," touts Dr. Seriani.
The first installations are scheduled for completion in November of this year.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. We seek Safe Harbor.
SOURCE: Eyelogic Systems Inc.
For further information:
Mark McDonald, President, at 403.264.5896 or [email protected].