Lentitech will address the U.S. and European markets with its optical and optometric systems.
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Summary of the news published in “El Economista”.
Lentitech Technologies, a company specializing in advanced technological solutions in optics and optometry based in Barakaldo (Bizkaia), has announced that it expects to reach 10% of the European and U.S. markets for customized progressive lenses by 2025.
The company has developed two progressive lens centering systems called ErgoFocus System and ErgoRep System, which represent a paradigm shift in the industry.
Lentitech’s executive vice-president, Juan Carlos Calvo, indicated that the company will invest more than 1.5 million euros in industrial property and patents, computer applications, construction and fitting out of a Data Center, machinery, tools and equipment for information processes.
In terms of turnover, Lentitech is expected to reach 10 million euros in three years, with 60% of sales corresponding to exports. The company expects to have 3,500 customers, including ophthalmic lens manufacturers, ophthalmic technology laboratories and purchasing influencer groups.
To achieve these objectives, Lentitech will deploy an internationalization strategy focused on the European and U.S. markets, where customized lenses account for 34% of the global progressive lens market.
The company expects to achieve 10% market share in this segment in these markets by 2025, before targeting the Asia-Pacific area.
Lentitech Technologies is a business and technology project promoted by Julio Villaverde, President, and Juan Carlos Calvo, Executive Vice President.
The company was founded in 2017 and has focused on developing innovative technology solutions for the optical and optometry sector.
