Conant Optical (02276.HK): Signs Smart Glasses Agreements with Four Tech Giants; Expands XR-Dedicated Production Lines
NewTimeSpace News: Shanghai Conant Optical Co., Ltd. (stock code: 2276) issued a voluntary announcement on July 16, disclosing the latest business development updates in its new smart glasses business.
The announcement states that the Company recently signed cooperation R&D framework agreements or procurement framework agreements with four international and domestic leading technology enterprises and consumer electronics giants. At the same time, the Company is actively expanding and building new XR smart glasses dedicated production lines to meet growing domestic and overseas customer orders, including expanding the XR smart glasses lens dedicated production line at the Qidong factory and building four new lens lamination and whole-machine packaging production lines at the Shanghai factory.
The four framework agreements recently signed mark the Company being designated as the core lens supplier for major smart glasses products or an important multi-year R&D partner for these four major clients. For one domestic client, the Company is exclusively providing high-index ultra-thin prescription lenses for a waveguide smart glasses product and providing lamination and assembly services, with a committed delivery cycle of well under five days. For another domestic client, in addition to exclusively providing dedicated prescription lenses, the Company will also exclusively undertake the lamination of myopia lenses with whole machines and whole-machine packaging and shipping, and is actively developing a new offline smart glasses optometry and sales model. Cooperation with the other two global leading technology enterprises has also reached new milestones: multi-year procurement framework agreements or cooperation R&D agreements have been signed, and the relevant R&D projects have passed the pre-research stage and are preparing for small-batch trial production and subsequent mass production.
The XR dedicated production line built in Qidong in the fourth quarter of last year is currently undergoing batch production validation for key projects. The Company is also accelerating the purchase of core process production equipment, building new clean rooms and arranging production line staff to actively expand this line. Relying on the lens lamination and whole-machine packaging production lines at the Shanghai factory, the Company provides product customization, lamination assembly and shipping services to another well-known domestic smart glasses brand. On this basis, the Company is building four such new production lines at the Shanghai factory.
The Board believes that relying on over 30 years of optical technology accumulation, forward-looking capacity layout, joint R&D project experience with global leading clients, and the first-mover capacity and service model upgrade, the Company has established a significant first-mover advantage and leadership position in the smart glasses vision solution field.
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