Ocumetics Technology Corp. (TSXV:OTC, OTCQB:OTCFF, FRA:2QBO)

Ocumetics Technology: Pioneering Vision Enhancement with the Ocumetics Accommodating Lens


Ocumetics Technology Corp. (TSXV:OTC, OTCQB:OTCFF, FRA:2QBO) focuses on a groundbreaking vision enhancement product - the Ocumetics Accommodating Lens. Leading the forefront of research and product development, Ocumetic's intraocular lens (IOL) is engineered to seamlessly shift the eye's focus from close to far distances without any noticeable lag. This process is called accommodation.

The eye's natural lens loses its flexibility to bend light rays accurately due to aging and injuries. This leads to the deterioration of eyesight and potential conditions like cataracts with or without astigmatism. Ocumetics has designed a very unique IOL that is surgically implanted to restore a patient’s vision. This lens is designed to harmoniously align with the eye's natural mechanisms, enhancing vision by appropriately bending light rays. Notably, it's designed to last a lifetime, presenting a significant potential advancement over other cataract technologies.

Intraocular Lenses

Ocumetics aims to solve the problem of eyesight degradation. The proposed solution is a surgically implanted lens that takes over the function of properly bending rays of light by working with the eye’s natural mechanisms, resulting in enhanced vision. Following a series of product enhancements, development of surgical procedure protocols, and animal testing for biocompatibility, the Ocumetics Accommodating Lens will soon begin human trials as the company works toward bringing the product to market.

Company Highlights

  • Ocumetics Technology Corp. is an R&D company developing a vision enhancement product with the potential to disrupt the vision correction industry.
  • The Ocumetics Accommodating Lens is an intraocular lens designed to allow the human eye to shift between close and long-distance images without perceptible adjustment lag.
  • Ocumetics’ product is surgically implanted and is designed to enhance the natural processes, allowing the patient’s eyes to bend light properly for better vision.
  • The Ocumetics Accommodating Lens has substantially completed a series of design improvements, animal studies, surgical procedure development and biocompatibility studies and will soon move toward human clinical trials, slated to begin in Q1 2024.
  • The company aims to receive full US FDA approval within three-and-a-half years and bring its product to a projected intraocular lens market segment of US$6.4 billion by 2030 (Delveinsight 2022).
  • An expert team with experience in clinical eye care, R&D and corporate development is leading the company toward bringing its transformative product to market.

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(TheNewswire)

 
    
  Ocumetics Technology Corp. 
       
 

Calgary, Alberta May 24, 2024 - TheNewswire .  Ocumetics Technology Corp. (" Ocumetics " or the " Corporation ") ( TSXV: OTC) (OTCQB: OTCFF) (FRA: 2QBO) announces that it has completed the first tranche of the private placement of debentures previously announced by the Corporation on May 15, 2024.

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(TheNewswire)

Calgary, Alberta TheNewswire - May 15, 2024. Ocumetics Technology Corp. (" Ocumetics " or the " Corporation ") (TSXV: OTC) (OTCQB: OTCFF) (FRA: 2QBO) announces that it proposes to complete a non-brokered private placement of secured convertible debentures having an aggregate face value principal amount of up to $4,000,000 (the " Principal "). The debentures will be subject to an original issue discount of 6%, resulting in net available funds to the Corporation of up to $3,760,000 (the " Net Proceeds "). Debentures will bear interest at rate of 18% per annum, compounded annually. The Debentures will mature, and Principal and interest will be payable by the Corporation, on the date which is two years from the date of issue. The Corporation may prepay the indebtedness under the debentures at any time upon ninety (90) days prior written notice, without penalty.

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(TheNewswire)

 
    
  Ocumetics Technology Corp. 
       
 

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(TheNewswire)

 
    
  Ocumetics Technology Corp. 
       
 

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