India, June 20 -- EssilorLuxottica and Applied Materials Inc. have announced a long-term joint development agreement to accelerate the commercialization of next-generation intelligent optical systems for augmented reality and AI-powered smart eyewear.

The collaboration combines EssilorLuxottica's global leadership in lenses, frames and smart eyewear with Applied Materials' expertise in materials engineering and waveguide technologies to advance scalable optical platforms capable of delivering lightweight, high-performance visual experiences for the next era of computing.

Together, the companies will collaborate on research and development of advanced optical technologies, including waveguides, adaptive lens systems and materials innov...