MILAN, Feb 13 (Reuters) - Eyewear maker EssilorLuxottica
plans to boost its production capacity for smart
glasses and hopes to expand its collaboration with Meta
to other brands, Chief Executive Francesco Milleri said late on
Wednesday.
EssilorLuxottica and Meta have been collaborating since
2019, creating two generations of Ray-Ban branded smart glasses,
and last year agreed a new long-term deal that will take both
companies "into the next decade".
Smart glasses have a computer built into them and
microphones that allow the wearer to use voice commands to
connect to smartphones and other devices.
EssilorLuxottica's CEO said that the group has sold more
than 2 million units of Ray-Ban Meta since their launch in
September 2023.
"The rate of activation and the time of utilization have
been constantly increasing since the launch, showing that this
product is becoming part of our daily life," Milleri said in a
post-results conference call with analysts.
The CEO said the group is thinking about new releases with
new features and new brands.
"Consistently with our open model, we look at this product
like a shared platform ready to embark on third-party brands and
new functions, also in the form of subscription services", he
added.
Milleri said the company was expanding its production
capacity for Ray-Ban Meta, set to reach 10 million annual units
by the end of next year. This could also be used for other smart
glasses and Nuance Audio glasses, which invisibly integrate an
open-ear hearing solution.
Deputy CEO Paul du Sallant said the additional production
would be in China and other plants in Southeast Asia.