Birmingham tech firm Aston EyeTech has clinched a multi-million-pound contract with one of the largest and fastest-growing optical retailers globally. The deal encompasses product design, development, and manufacturing, marking a substantial achievement for the company.
Aston EyeTech stands at the forefront of the eyecare industry, driving increased portability, wider accessibility, lower costs, and enhanced user experiences. The company’s innovative approach combines cutting-edge ophthalmic hardware with proprietary AI software platforms to deliver advanced technology solutions.
Investment group Mercia Technologies holds an 18.7 per cent direct equity stake in Aston EyeTech. Since 2013, Mercia Technologies has collaborated with Aston EyeTech, initially investing through third-party managed funds and later making a direct investment in November 2017.
Dr Mark Payton, CEO of Mercia Technologies, commented, “Aston EyeTech is another good example of our promising direct investment portfolio, many of which are now in revenue growth. I expect more positive developments from this business and a number of our other direct investments in the near to medium term, as the portfolio continues to mature.”
This multi-million-pound contract underscores Aston EyeTech’s pivotal role in the evolving eyecare industry, leveraging innovative solutions to meet global demand. The partnership with one of the most successful optical retailers signifies a promising future for the Birmingham-based tech firm.