News Release

SDC Technologies Purchases Majority Ownership of Lens Technology I, LLC

Irvine, CA – August 31, 2014

~ Strengthening of UV Cure product line through Advanced Technology Expansion~

SDC Technologies, Inc. (SDC) the recognized global leader in premium, high performance abrasion resistant coating solutions, obtained a majority membership interest of Lens Technology I, LLC (LTI) on July 31, 2014. Based in La Mirada, California, LTI is a recognized leader in the development and manufacture of high performance, proprietary UV curable, and thermal curable anti-scratch coatings.

“We’re excited to welcome the LTI team into the SDC family and look forward to significantly accelerating our growth in the ophthalmic coatings market. Our global customers will benefit from the combined resources of both companies; giving them access to expanded industry leading technologies, a broader product portfolio, superior service, and technical support. John Quinn, President of LTI will continue with the company and will be responsible for managing operations as well as assuming an expanded role in the sales and marketing of UV curable coating products,” said Antonios Grigoriou, President and CEO of SDC Technologies.

“We are pleased to become a partner of a well-respected company like SDC Technologies,” said John Quinn, President of LTI. “LTI and SDC will further enhance and reinforce our valued relationships with customers and distributors around the world as we further expand business operations,” he added.

SDC Technologies targets expansion of its global specialty coatings business through LTI’s cutting-edge UV curable technology and partnership with industry leading optical laboratories, distributors and equipment manufacturers.

Founded in 1986, SDC Technologies, Inc. is headquartered in Irvine, California. SDC was acquired by Mitsui Chemicals, Inc. in 2008. SDC is the pioneer of innovative performance-based abrasion resistant coatings used in a variety of applications from aerospace and automotive parts to vision eyewear.

LTI was formed in 1986 to address the optical industry’s requirement for hard coatings and tintable coatings for plastic and polycarbonate lenses. LTI is a world leader in ophthalmic hard coatings with a major market share of the optical laboratory market and has received four Awards of Excellence from the Optical Laboratories Association for best-in-class coating equipment.