OPTICAL DYNAMICS Vision – Passion - Innovation CONFIDENTIAL – Property of Optical Dynamics, a division of Vision Dynamics LLC, Distribution Prohibited Project: nanoCLEAR A new in-mold AR coating product that enables AR lens production with the quality, speed and cost of table top lens casting. CONFIDENTIAL – Property of Optical Dynamics, a division of Vision Dynamics LLC, Distribution Prohibited Product Overview Innovative, low cost, multilayer, thin film anti-reflective coating system based on: Unique, spin applied liquid chemistries The coating’s optical and mechanical properties are engineered using nanomaterials Low cost, low complexity hardware enables retail store deployment Capital equipment costs are much lower than current vacuum systems Enables 1 hour service for AR coated Cast to RX ODC Lenses CONFIDENTIAL – Property of Optical Dynamics, a division of Vision Dynamics LLC, Distribution Prohibited Anti-Reflective Stack •Alternating layers of high and low index thin films •Film thickness ~100nm Low Index High Index Mid Index •Tolerance ~+/- 5nm Hard Coat •Minimum of three layers Lens CONFIDENTIAL – Property of Optical Dynamics, a division of Vision Dynamics LLC, Distribution Prohibited Anti-Reflection and Nanomaterials • An anti-reflective coating is achieved by depositing thin films of alternating refractive indexes • By engineering the refractive indexes and thicknesses of these films, visible reflections are reduced and transmission is improved • Nano-scale additives must be used to avoid transmission losses and scattering that occur with larger particles Nanomaterial benefits: • Increased ability to engineer refractive index • Improved mechanical performance Material Mohs Hardness Refractive Index Al2O3 9 1.62 @ 600nm SiO2 7 1.46 @ 600nm TiO2 6 2.2-2.7 @ 550nm CONFIDENTIAL – Property of Optical Dynamics, a division of Vision Dynamics LLC, Distribution Prohibited Nanomaterials Overview CONFIDENTIAL – Property of Optical Dynamics, a division of Vision Dynamics LLC, Distribution Prohibited www.nsf.gov/.../bordogna/ rochester/sld006.htm Research and Development Team • Cooperative research between investigators at ODC and the University of Louisville and the University of Kentucky CONFIDENTIAL – Property of Optical Dynamics, a division of Vision Dynamics LLC, Distribution Prohibited University Involvement The relationship with the Universities is facilitating development with innovative nanomaterials solutions and advanced research tools •Development of new and novel nanomaterials and their dispersions – Control of refractive index from 1.4 to 2.2 – Improved mechanical performance – Stable chemistries •Material characterization •Agreements with both Universities are in place CONFIDENTIAL – Property of Optical Dynamics, a division of Vision Dynamics LLC, Distribution Prohibited Liquid AR Product Advantages 15% 10% Online Job Tracking 0% Educational Resources 5% Product Availability • 20% Price • • 25% Product Quality • 30% Customer Service • Product enables AR coating in a retail environment. AR coated lenses delivered to customers in about an hour Much lower hardware cost than current vacuum technology Hardware and process can be scaled for effective use in various retail environments Ease of use Low residual stress in the layers results in a more durable coating Glass molds are much easier to clean than plastic lenses Turnaround Time • 35% Source: 2020 Magazine wholesale lab usage survey CONFIDENTIAL – Property of Optical Dynamics, a division of Vision Dynamics LLC, Distribution Prohibited Current Market • Equipment costs – Vacuum deposition $250k-$1M • Vacuum AR job cost to lab • AR cost to consumer CONFIDENTIAL – Property of Optical Dynamics, a division of Vision Dynamics LLC, Distribution Prohibited ODC (Everclear) Value Proposition Small Low footprint capital investment Just-in-time Low technical skill required Comparable Cost delivery performance attributes to existing AR coating cutting advantage Increased revenue opportunity CONFIDENTIAL – Property of Optical Dynamics, a division of Vision Dynamics LLC, Distribution Prohibited Recent Improvements High Performance Polymers Incorporating Nanoparticles Refractive Index as a Function of Ceria Loading •Increased flexibility in AR stack design 1.95 •Refractive index control Refractive Index •Thickness control 1.9 1.85 1.8 1.75 1.7 Improved mechanical performance 1.65 60 70 80 90 100 CeO2 Loading (%) •Polymer based film Abrasion Resistance as a Function of CeO2 Loading •Improved scratch resistance Haze Increase •Nanoparticles act as binders 5 5 4 4 3 3 2 2 1 1 0 60 70 80 90 CeO2 Loading CONFIDENTIAL – Property of Optical Dynamics, a division of Vision Dynamics LLC, Distribution Prohibited 100 Recent Hardware Improvements Improved coating bowl design and motion system have improved process time and yield rate CONFIDENTIAL – Property of Optical Dynamics, a division of Vision Dynamics LLC, Distribution Prohibited Recent Coating Improvements – – – – Now producing broadband coatings Improved optical performance Improved durability - RLS is now greater than 4.5 Able to produce a 3 layer green coating to meet customer requirements RLS Reflectance Spectrum 5 0.1 4 0.09 0.08 3 Reflectance (%) 0.07 0.06 2003 2 0.05 0.04 2004 1 0.03 0.02 0 0.01 0 380 2003 430 480 530 580 630 680 730 780 2004 2005 2006 Wavelength (nm ) CONFIDENTIAL – Property of Optical Dynamics, a division of Vision Dynamics LLC, Distribution Prohibited Supply Chain • Medivative Technologies •Medivative currently supplies products for the automotive, medical, consumer electronics and telecommunication industries. •They produce the Q-2100R and Dispensing System • ISO 9001 certified since 1996 •UL listed products •Customized function testing •NSF certified facility CONFIDENTIAL – Property of Optical Dynamics, a division of Vision Dynamics LLC, Distribution Prohibited PHOTOCHROMIC CONFIDENTIAL – Property of Optical Dynamics, a division of Vision Dynamics LLC, Distribution Prohibited ODC Photochromic Development Deactivation 90 80 PCC #2 PCC #1 Transitions Spectralite 70 Transitions 1.50 SmartShades 60 % transmittance SunSensors 50 40 30 20 10 0 0 10 20 30 40 50 60 time in minutes CONFIDENTIAL – Property of Optical Dynamics, a division of Vision Dynamics LLC, Distribution Prohibited Experience / Capabilities • Nearly 20 years experience in development and design of ophthalmic radiation curing methods, chemistries, equipment. – – – – Lens materials, clear and photochromic (Five launched) Hardcoatings (Ten launched) Photochromic coatings Liquid Nano based AR coatings • ODC experience and knowledge provide significant unique product development opportunities – Cross product adaptation of formulation and curing techniques – Efficient development and evaluation methods – Four Researchers with photochromic development expertise. • Working relationships with several dye suppliers CONFIDENTIAL – Property of Optical Dynamics, a division of Vision Dynamics LLC, Distribution Prohibited Product Synthesis Process Diagram Research Marketing Gate 1 New Product Concept Development Demonstration Availability Engineering Finance CONFIDENTIAL – Property of Optical Dynamics, a division of Vision Dynamics LLC, Distribution Prohibited Photochromic Development Photochromic • Number One Purchase Choice Criteria INDOOR APPEARANCE • Number One Customer Return Reason HIGH TEMPERATURE PERFORMANCE Source: Corning 2003 CONFIDENTIAL – Property of Optical Dynamics, a division of Vision Dynamics LLC, Distribution Prohibited Photochromic Development Active Transmittance Source Data: COLTS Laboratories O-ODC031904-01-04 100.0 SmartShades Major Brand 1.50 90.0 80.0 60.0 Better % Transmittance 70.0 50.0 40.0 30.0 20.0 10.0 0.0 0 15 30 45 60 75 90 105 120 135 150 165 180 195 210 225 240 255 270 285 300 QUV Exposure Time - Hours CONFIDENTIAL – Property of Optical Dynamics, a division of Vision Dynamics LLC, Distribution Prohibited Photochromic Development Activation Rate Source Data: COLTS Laboratories 100 O-ODC031904-01-01 90 80 % Transmittance 70 60 50 40 30 20 10 SmartShades Next Gen 1.50 0 0 5 10 15 Time in Minutes CONFIDENTIAL – Property of Optical Dynamics, a division of Vision Dynamics LLC, Distribution Prohibited Photochromic Development Deactivation Rate Data Source: COLTS Laboratories O-ODC031904-01-02 100.0 PC 29-79-3 Next Gen 1.50 90.0 80.0 % Transmittance 70.0 60.0 50.0 40.0 30.0 20.0 10.0 0.0 0 10 20 30 40 50 60 70 80 90 100 110 120 180 240 300 Time in Seconds CONFIDENTIAL – Property of Optical Dynamics, a division of Vision Dynamics LLC, Distribution Prohibited Photochromic Development Temperature Dependence Source Data: COLTS Laboratories O-ODC031904-01-03 100.0 SmartShades Major Brand 1.50 90.0 80.0 60.0 Better % Transmittance 70.0 50.0 40.0 30.0 20.0 10.0 0.0 54°F 72°F 81°F 90°F 98°F Temperature CONFIDENTIAL – Property of Optical Dynamics, a division of Vision Dynamics LLC, Distribution Prohibited Photochromic Development Change in Transmittance Inactive - Active Source Data: COLTS Laboratories O-ODC031904-01-04 90.0 80.0 70.0 50.0 Better % Transmittance 60.0 40.0 30.0 20.0 SmartShades Major Brand 1.50 10.0 0.0 0 15 30 45 60 75 90 105 120 135 150 165 180 195 210 225 240 255 270 285 300 QUV Exposure Time - Hours CONFIDENTIAL – Property of Optical Dynamics, a division of Vision Dynamics LLC, Distribution Prohibited Photochromic Outdoor Aging Study CONFIDENTIAL – Property of Optical Dynamics, a division of Vision Dynamics LLC, Distribution Prohibited Photochromic Fatigue Study CONFIDENTIAL – Property of Optical Dynamics, a division of Vision Dynamics LLC, Distribution Prohibited Photochromic Development CONFIDENTIAL – Property of Optical Dynamics, a division of Vision Dynamics LLC, Distribution Prohibited Photochromic Development Luminous Absorbance of Next Gen Products @ 73F 100.0 90.0 85.0 83.0 78.0 80.0 Luminous Absorbance (%) 70.0 60.0 50.0 At Rest 40.0 Activated 30.0 20.0 13.0 11.0 13.0 10.0 0.0 1.5 Spectralite Poly Source: Transitions website 2003 CONFIDENTIAL – Property of Optical Dynamics, a division of Vision Dynamics LLC, Distribution Prohibited LENS DESIGNS CONFIDENTIAL – Property of Optical Dynamics, a division of Vision Dynamics LLC, Distribution Prohibited LENS STYLES The Aspheric Advantage Single vision Aspheric Single Vision Progressive 6.00 Base, +2.00 add Atoric Single Vision Flat Tops Aspheric Flat Tops Atoric Flat Tops Paradigm-22 Progressive Paradigm-16 CFL-18 ODC Paradigm-22 Progressive Competitor’s Top Progressive CONFIDENTIAL – Property of Optical Dynamics, a division of Vision Dynamics LLC, Distribution Prohibited The New Continual Focus Lens… Optical Dynamics’ State-of-the-Art premium lens is here! LENS STYLES Continual Focus Lens The CFL-18 is an advanced, latest generation design which has one of the highest patient adaptation rates in the industry. Its true consistent curve provides superior vision, a wider field of view, and significantly reduced peripheral distortion. The CFL’s optimal corridor length fits a greater range of frames (18mm fitting height). ODC CFL-18 Leading progressive CONFIDENTIAL – Property of Optical Dynamics, a division of Vision Dynamics LLC, Distribution Prohibited The Continual Focus Lens… Lens Distance Intermediate Near Zone 18FH Dist & Int Dist & Near Dist, Int & Near Overall Rating Rating Rating Rating Rating Rating Rating Number PAL Design (-4.6 to 77.8) (22.8 to 100.4) (15.3 to 50.1) (29.5 to 60.4) (22.9 to 53.4) (35.6 to 51.8) (32.2 to 52.8) 1 Shamir Genesis 77.8 45.9 27.8 60.2 53.4 51.7 52.8 2 ODC CFL 72.3 48.9 26.1 60.4 51.9 51.8 51.9 3 Vis Ease Outlook 70.7 42.2 32.3 53.2 49.5 47.2 49.2 4 Rdnstk Life AT poly 67.5 56.0 27.2 52.0 41.1 43.1 47.8 5 Younger Image 57.5 55.7 32.7 55.5 46.9 49.6 49.7 6 Zei Gradal Top 57.2 66.6 15.3 58.3 39.1 46.6 47.2 7 Sig Kodak 45.9 61.1 28.6 51.9 39.7 45.6 45.5 8 Sig Kod Precise 42.1 42.5 31.5 45.8 41.7 43.1 41.1 9 Varlx Comfort 39.0 47.3 27.4 43.0 35.5 39.1 38.6 10 Varlx Liberty 34.8 59.9 26.2 48.3 35.7 43.0 41.3 11 Vis Ease Illumina 34.2 34.6 38.3 41.8 43.2 42.8 39.2 12 Varlx Panamic 32.5 56.1 27.1 51.7 40.8 47.4 42.6 13 Zei Gradal Brevity 30.2 70.3 17.3 56.4 34.7 47.6 42.8 14 AO Easy 27.1 49.1 32.5 45.5 39.3 44.2 39.6 15 Rdnstk Life XS 26.9 26.4 43.7 31.6 38.1 35.9 33.8 16 Varlx Elipse 25.2 22.8 40.0 31.7 38.1 35.6 32.2 17 AO Compact 21.0 27.0 45.1 34.8 41.6 40.1 34.9 18 Sig Kod Concise 20.5 26.9 48.5 30.5 38.6 36.7 33.6 19 SolaMax 19.0 60.6 38.2 43.8 35.4 43.4 40.1 20 Sola One 18.2 53.8 34.8 43.6 36.5 43.3 38.4 21 Sig Nav Short 15.5 32.3 48.2 29.5 35.5 35.6 32.8 22 Shamir Piccolo 13.5 38.7 50.1 34.1 38.3 40.1 35.8 23 Pentax AF -4.2 100.4 23.5 51.6 22.9 44.9 39.9 24 Pentax AF Mini -4.6 79.1 31.9 44.0 26.3 42.6 36.6 CONFIDENTIAL – Property of Optical Dynamics, a division of Vision Dynamics LLC, Distribution Prohibited