Google, Novartis and EPGL in Race to Develop First "Autofocus" Contact Lens
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IRVINE, Calif., July 22, 2015 /PRNewswire/ -- EP Global Communications, Inc. (Public OTC: EPGL)
Novartis CEO Joseph Jimenez has told the Financial Times that the market for an "Autofocus" contact lens could be worth, "anywhere between $10 billion and $50 billion in the next ten years." The Financial Times went on to say; "While Google's efforts building a smart lens with a built-in wireless chip and glucose sensor have grabbed most headlines so far, the really juicy opportunity is in corrective eyewear. If the company can build a contact lens that offers its wearer 'autofocus' powers similar to those found in digital cameras for bringing scenes into tight focus, it can address a range of eye ailments and failings with a single solution, rather than requiring the kinds of fixed prescriptions that we use now, and that are often compromises rather than perfect solutions."
For the first time, EPGL is revealing specifically that it has developed technology for an "Autofocus" contact lens with CooperVision, Inc.
"We know we are ahead of Google and Novartis because Novartis executives reached out to us in 2013. We declined because we were already ahead and inventing new electronics for contact lenses at that point," said David Markus, Ph.D. "We posted proof of this request in 2014," Markus added. "We also posted an example of a recent patent filing so that investors could verify that too."
"The investment community has been asking for specifics on what we possess and here you go," said Michael Hayes, CEO of EPGL. "You have the CEO of a $280 billion company publicly stating that 'Autofocus' contact lens technology is worth $10 to $50 billion annually. [color=red]EPGL owns key 'Autofocus' technology that is likely to beat Novartis and Google to market.[/color] Given that fact, is our present 5 cent per share stock price a bargain right now? Yes I believe it is. Will it remain at this level as the clock ticks at the USPTO? No I do not believe so," added Hayes. "With this news EPGL is going to be discovered by more investors and I believe we may surpass .88 cents or even $1.00+ as our patents pending progress. Current EPGL investors are in at just the right time in my opinion."
Zacks Equity Research, recently stated; "We believe The Cooper Companies is poised to gain significant market traction, once it receives the exclusive license of EP Global's technologies."
EPGL and AT&T in Two-Year Development Agreement for Joint Technologies
EP Global Communications, Inc. announces that under a two-year Development Agreement, EP Global Communications, Inc. and AT&T Inc. now have joint ownership of several wearable technologies involving sensing and communications in real time of human performance data. This technology has potential applications for US Military and Corporate Workforces, by offering real time sensing of human performance data. AT&T brings unmatched communications network capabilities to the table, while EPGL brings unmatched know-how in microelectronics and sensor technologies.
"Imagine the multitude of needs for a large military or corporate workforce at any given moment. Imagine giving each individual key information or physical assistance if needed, faster than ever before, in real time, even if they are unable to communicate the need themselves. This is the cutting edge of wearable IoT technology and we are excited to co-own the rights to certain IP in this field with AT&T," said Michael Hayes, President of EPGL. "Because of this and our other IP projects, we believe we are just at the beginning of our potential growth at EPGL."
About EP Global Communications, Inc.
EP Global Communications, Inc. is an advanced technology research and development company for both medical devices and consumer electronics devices specializing in microelectronic mechanical systems (MEMS).
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