Massive contract for Birmingham tech firm
Birmingham tech firm Aston EyeTech has secured a significant multi-million-pound contract.
The deal is with "one of the largest, most successful and fastest growing optical retailers in the world" and includes product design, development and manufacturing.
Aston EyeTech is revolutionising the eyecare industry through increased portability, wider accessibility, lower costs and better user experiences.
The company marries game-changing ophthalmic hardware with its proprietary AI software platforms to provide leading edge technology solutions in the optical space.
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Investment group Mercia Technologies holds an 18.7 per cent direct equity stake in the Midlands business.
It has worked with Aston EyeTech since 2013, initially invested via its third-party managed funds before making its first direct investment in November 2017.
"Aston EyeTech is another good example of our promising direct investment portfolio, many of which are now in revenue growth,” said Mercia Technologies CEO Dr Mark Payton.
“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."