Gerber Coburn has formed a strategic alliance with Visionix, the Israeli firm developer of innovative lens inspection and measurement instruments for opticians. Under a new agreement that formalizes previous joint efforts to develop sophisticated lens verification systems for wholesale laboratories, Gerber Coburn will integrate and distribute devices, developed by Visionix, that will eliminate certain processing steps and automate others.
Meanwhile, Sean Gordon, a co-founder of OnePath Networks in Israel, has joined Visionix as vice president of sales and marketing, replacing Ariel Blum who has been promoted as executive vice president. Blum will concentrate on the company's new 3DiView business initiative. This new tool, which allows consumers a 3D view of themselves in a specific eyewear frame, has been successfully introduced in leading Japanese optical stores through Hoya, which committed itself last Fall to minimum sales of $1.5 million for this year.
Initial sales of the new 3DiView system and higher sales of VL3000 equipment led Visionix to raise its revenues to $1,090,000 in the 2nd quarter of this year, as compared to $734,000 in the same period a year ago. The consolidated net loss declined to $442,000 from $655,000, leaving the company with positive cash resources of $9,809,000.
For its part, Gerber Coburn, which is a division of Gerber Scientific, turned around to a profit of $2 million in the 4th quarter ended Apr. 30 from a $500,000 loss in the year-ago period, in spite of a drop in revenues from $24.8 million to $24.5 million. For the full financial year, Gerber Coburn contributed a 92 percent higher profit of $5.3 million on lower sales of $87.2 million.