Confidential · Prepared for Oakley & EssilorLuxottica

The eyewear company leading smart eyewear should own what the eye does.

Reflexion has spent more than a decade building the full stack — hardware, firmware, mixed reality, cloud, and sensor-fusion algorithms — for measuring and training visual-cognitive performance and for turning the breath into a first-class biometric. Inside EssilorLuxottica, that stack becomes the tooling that develops, validates, and showcases Future Genesis lens technology; the training platform behind the Oakley Eye Hacking Division; and the respiration-sensing capability EssilorLuxottica is uniquely positioned to own across smart eyewear.

5
Active workstreams with Oakley
$200K+
SOW value in flight
10+ yrs
Full-stack R&D owned end-to-end
7
Peer-reviewed studies in evidence base
The Thesis

Lenses alter what reaches the eye. Reflexion measures what the brain does with it.

The Oakley Future Genesis roadmap, Oakley Meta, and EssilorLuxottica's broader smart-eyewear program all depend on one thing becoming cheap, repeatable, and science-grade: the ability to measure visual-cognitive skill and physiological state in the wild. Faster color resolution, better motion tracking, cleaner peripheral acuity, calmer breath. Every one of those claims needs tooling to prove it in the lab, on the field, in retail, and on the athlete's face.

Reflexion has already built that tooling — as a product business. Edge, GO, the Reaction Challenge exhibit, and the respiration waveform pipeline are different expressions of the same underlying platform: vertically integrated, scientifically grounded, and owned end-to-end from circuit board to cloud. This is not just software. It is custom electronics, firmware, embedded Linux, six-microcontroller LED arrays, sensor-fusion across VIO pose, IMU, and audio, mixed-reality drills on Meta Quest, and the cloud analytics that tie it together.

"Reflexion is not a sports-vision vendor. It is the measurement and validation platform that every claim in Future Genesis — and every future claim in EssilorLuxottica smart eyewear — ultimately depends on."
28K+
Users across pro sports, military, rehab
1.5M+
Cognitive assessments completed on platform
7
Peer-reviewed & academic studies
10+ yrs
Of vertically-integrated platform development

Why this matters beyond sports vision

The eye is part of the brain, and the visual-cognitive measurement layer is the core TAM — aligned directly with the Med-Tech pillar EssilorLuxottica has already built: Optegra's 70+ ophthalmic clinics, RetinAI's diagnostic AI, Heidelberg Engineering, and the Nuance / Pulse Audition hearing-in-eyewear platform. The same Edge / GO stack that scores elite athletes becomes a recurring-subscription assessment product inside that channel — vision therapy, pediatric visuomotor development, post-concussion rehabilitation, and neurodegenerative early detection. Reaction-time and visuomotor changes are published early biomarkers for Parkinson's, MS, and Alzheimer's — the same category of conditions EssilorLuxottica has publicly positioned its diagnostic capability to detect — and the same paradigms extend naturally to eyewear-native gaze measurement once the sensor layer is on the face. Defense extends the same channel: Reflexion is already deployed with the U.S. Army, Air Force, West Point, and Fort Carson for visual-cognitive readiness.

Respiration is adjacent option value on top of the eyes-first TAM — not the core ask. The waveform opens stress regulation, sleep quality, pulmonary assessment (COPD is a $6B+ market), and GLP-1 companion monitoring ($35B+ of drug activity), passively, through sensors already present in smart eyewear. These are categories EssilorLuxottica accumulates for free by owning the measurement layer first.

Strategic Fit

Six vectors inside EssilorLuxottica. One acquisition.

Reflexion maps directly into growth programs EssilorLuxottica has already committed to publicly, and into work Oakley is already paying Reflexion to do.

FIT 01 · FUTURE GENESIS R&D

Tooling to develop, refine, validate, and showcase new lens technology

The Oakley team has walked us through concepts for lenses that target color perception, motion perception, peripheral clarity, and focus. Reflexion is the tooling layer for that program — a dedicated workstream we have already proposed to Oakley. Validation, refinement, and retail-floor storytelling in one platform. The full mechanism — lab, retail, and on-face-in-the-wild — is spelled out under Real-World Lens Validation.

FIT 02 · OAKLEY EYE HACKING DIVISION

The platform behind OEHD assessment and training — and the Oakley-branded GO

OEHD already trains eight vision competencies — eye control, object tracking, reaction time, cognitive training, visual processing speed, peripheral awareness, anticipation & decision-making, sport skills. Edge and GO cover all eight with validated drills. Oakley has purchased an Edge and is scoping custom Edge development; we are simultaneously rebranding Reflexion GO as the Oakley-branded OEHD VR app. This is the consumer- and athlete-facing twin of Fit 01, and it scales straight into EssilorLuxottica clinical channels (Fit 04).

FIT 04 · ESSILORLUXOTTICA CLINICAL & VISION THERAPY

A recurring-revenue assessment and training layer for optical retail and vision therapy

Reflexion's platform is already used in rehab and vision-therapy settings; the evidence base supports visuomotor reaction time, peripheral target acquisition, and decision-making speed as assessable, trainable skills. Plugged into EssilorLuxottica's global optical and clinical channel, the same platform that trains athletes inside OEHD becomes a recurring-subscription assessment and training product for clinicians — the kind of software ARR the lens business has historically not owned.

FIT 05 · BRAND STORYTELLING

Quantified, 90-second moments across the portfolio

Oakley, Ray-Ban, Costa, Persol. Reflexion runs an established experiential pipeline — the museum-grade Reaction Challenge exhibit, the Under Armour browser platform, live activation builds — that turns performance measurement into content a consumer can feel in under two minutes. Under EssilorLuxottica, the same pipeline scales across every brand that needs a performance story backed by real data.

FIT 06 · THE OAKLEY CUSTOM APP

A consumer-facing Oakley digital product — already on the table

Oakley has asked Reflexion to build a custom consumer-facing digital app — loosely specified, and outside the OEHD VR SOW. Under a vendor relationship, that is another standalone SOW and another set of integration seams. Under an acquisition, it becomes a native Oakley digital product built by the team that already built the underlying platform.

Proof — Already In Market With Oakley

Already in market with Oakley.

Five workstreams are live, in contracting, or in scoping. The diligence has effectively already happened — EssilorLuxottica does not need to imagine the integrated roadmap.

5
Active or contracting workstreams
1
Oakley Edge already purchased
$200K+
Of SOW value in flight before any term sheet
0
Of this contingent on the acquisition conversation
Active workstreams · Reflexion → EssilorLuxottica
5 streams in flight
Reflexion
EssilorLuxottica
Contracting OEHD VR Foundation $47,840 · Phase 1
Scoped · Phase 2 Full OEHD Deployment $154,560 · ~3 months
In scoping Custom Oakley Consumer App Outside OEHD SOW
Active Edge Customization & New Tooling 1 Edge delivered · Future Genesis
Pipeline · Exclusive under acquisition Respiration on EssilorLuxottica Smart Eyewear 98% trained rate · 95% cue match · <5KB ROM
Contracting
Scoped / Scoping
Active
Pipeline · Exclusive under acquisition
$200K+ in flight · 0 contingent on the acquisition

The acquisition converts a vendor relationship executing across five parallel workstreams into a single owned capability — with the team, the science, the hardware, and the IP moving together.

The Platform

Full stack, bare metal to cloud.

Reflexion designs, owns, and operates the entire technology stack — custom electronics, firmware, embedded Linux, native apps, cloud analytics, sensor-fusion algorithms, and the psychophysical paradigms that sit on top. No cross-vendor handoffs; no off-the-shelf software constraining the science.

REFLEXION EDGE

The hardware platform for visual-cognitive training and assessment

Used by elite teams, military operators, and clinics to measure and train reaction time, peripheral awareness, visual scanning, attention under fatigue, and return-to-play readiness after concussion. Six-panel, portable LED lightboard (tripod- or VESA-mountable): stimuli flash across the athlete's peripheral field and responses are captured with 20ms temporal and 2.5mm spatial precision. Six independent PIC microcontrollers orchestrated by a custom embedded Linux head unit; sets up in under five minutes; pushes telemetry to Reflexion Cloud for fleet monitoring and OTA firmware updates. Nine years of ongoing R&D (since 2017) by a five-person interdisciplinary team, under $3M total investment to date, with Dr. Dan Laby MD (MLB, NBA, NHL, EPL, Olympic) as Scientific Advisor. Not FDA-registered — and not claimed as such — but backed by peer-reviewed research (Coleman 2020, Haywood 2020, Lammers 2020, Laby & Kirschen 2019, White 2021, Wilkes 2021, Burke 2021) and deployed across elite sports, defense, and clinical environments.

Edge architecture Hardware → Cloud
Electrical Custom PCBs · LED drivers In-house EE · LED tuning · ESD protection · touchscreen integration
Firmware Bare-metal C · 6× PIC MCUs In-house · sub-20ms response · per-MCU OTA
Hub Custom embedded Linux Calibration · scheduling · telemetry · OTA
Control app iOS · Capacitor Session control · protocol library · live scoring
Cloud Go services · Postgres Analytics · OTA · fleet telemetry · org dashboards
Reflexion Edge · LED panel system
Deployed where it matters

Edge runs in the same institutional categories EssilorLuxottica already serves — pro sport, defense, elite academic, and clinical — validating the capability against the buyers Oakley, ESS, Essilor, and Ray-Ban already know.

Pro sport
Defense
Elite academic
Clinical & enterprise
REFLEXION GO

Mixed-reality cognitive training on Meta Quest

Reflexion's consumer offering — a Meta Quest app where individuals train the five cognitive dimensions that define elite athletic performance: Anticipation, Mental Flexibility, Eye-Hand Coordination, Inhibition, and Reaction Time. A growing library of adaptive mixed-reality drills designed in-house by Reflexion's sports-vision team with Dr. Dan Laby, MD — Scientific Advisor and career sports-vision consultant to MLB, NBA, NHL, EPL, and Olympic athletes — and grounded in peer-reviewed psychomotor research. Virtual Coach™ composes session plans from sport, position, and baseline; Neuro Priming runs as a cognitive warmup before training. A pro/teams tier extends the same drill engine to institutions — used clinically by Cleveland Clinic and adopted for team-wide training by pro and NCAA programs — with a Vanilla JS coach dashboard for roster management and reporting. 2,300+ lifetime users and 253K+ drills completed; ~600 active subscriptions today running at $670 blended LTV against $170 CAC (3.9× LTV:CAC, ~7% monthly churn, ~14-month implied lifetime).

GO architecture Paradigm engine → Dashboard
Drill engine Designed with Dr. Dan Laby, MD Growing drill library · Virtual Coach™ · Neuro Priming · peer-reviewed psychomotor paradigms · scoring rubrics · baseline → plan composer
VR runtime Unity · C# · Meta Quest Mixed-reality passthrough · controller + hand tracking · spatial drill rendering
Cloud Go services · Postgres Session storage · adaptive plans · org analytics · entitlements
Dashboard Vanilla JS web Coach views · progression · team management · reporting
Mockup · Oakley × Technogym-branded Reflexion GO
REFLEXION RESPIRATION WAVEFORM — ACCELERATOR

A continuous breath waveform on a smart-eyewear compute budget — running on the sensors that already need to be there.

The visual-cognitive stack above is the core. Respiration is the accelerator on top: it opens the consumer-health categories — stress, sleep, pulmonary, GLP-1 companion — that extend the visual-cognitive thesis into continuously-on health. Full waveform (inhale depth, exhale duration, breath-hold, variability, phase), captured contact-free through sensor fusion across VIO pose, IMU motion, and microphone audio — the sensors already present in every serious smart-eyewear platform. Ships on Meta Quest and one additional platform today; exclusive to EssilorLuxottica under an acquisition.

Respiration architecture Sensors → Breath state
Inputs VIO pose · IMU · Audio Head position 100 Hz · head rotation 100 Hz · microphone 16 kHz — no external sensors
On-device fusion C# · Unity runtime Baseline calibration · head-pose & audio fusion · breath-state tracking — ~86K ops/s · 2–3 KB RAM · <5 KB ROM
Detection Breath operation + state Inhale / exhale / hold · settle window · cue compliance · depth & variability
Outputs Real-time API breath_rate · breath_operation · breath_depth · on_cue_noncompliance · breath_score

How the algorithm was validated

There is no on-face chest-strap gold standard for passive breath capture from head-mounted wearables, so validation was built in two stages with different ground truths — one controlled, one in the wild — and we report each separately.

Stage 1 · Supervised training (VIO + Audio)
Trained breathers, cued protocol, breather-certified compliance as ground truth

2,000+ recorded breaths across 9 guided breathing patterns. Only sessions in which the trained breather certified they had followed the cue precisely were included. The cued respiratory rate and cued breath-operation pattern served as ground truth.

98%
Respiratory rate accuracy
95%
Breath-operation cue match
54%
Settle window of breath duration
Stage 2 · Unsupervised real-world (Quest app)
Untrained users, no compliance certification — generalization test

1,300+ random user sessions, 32,000+ breaths on the Reflexion Quest app. Users may not have followed the cues precisely, so these values reflect observed real-world alignment rather than lab accuracy — the point is generalization beyond the training set.

18%
Avg RR deviation from cue
64%
Breath-op cue match (incl. non-compliance)
32K+
Breaths across 1,300+ sessions
Trained-breather session trace · 60-second window, cued breathing pattern (synthetic placeholder — awaiting session export)
Trained breather · cued protocol
Platform: Meta Quest · VIO + Audio
Sample rate: 100 Hz head pose · 16 kHz audio
Ground truth: Breather-certified cue compliance
Rate vs cued rate
Breath-op cue match
Breaths in window
Mean onset latency
During training the trained breather followed a cued pattern (paced inhale, exhale, hold) and certified compliance session-by-session; only compliant sessions were included. The cue itself served as ground truth: the algorithm's detected respiratory rate and breath-operation sequence were compared against the cued rate and cued sequence. Rate accuracy and breath-operation cue-match accuracy above are from that supervised training set (2,000+ breaths). The real-world numbers (1,300+ Quest sessions, 32,000+ breaths) measure generalization where users were not certified compliant. Waveform captured on-device through sensor fusion across VIO pose, 6-axis IMU, and microphone audio — no external sensors.

Adjacent categories it unlocks

HEALTH & WELLNESS

Stress regulation, sleep, daily resilience

Real-time biofeedback drives calming interventions, sleep-readiness scoring, and day-over-day recovery insights. The consumer-health wedge every smart-eyewear platform needs to make all-day wear worth it.

PULMONARY & CHRONIC DISEASE

COPD, asthma, GLP-1 companion monitoring

Continuous respiration is higher-resolution data than periodic spirometry for pulmonary drug trials and a direct path into chronic-disease monitoring. GLP-1 side-effect monitoring — respiratory depression, shortness of breath — is a live pharmaceutical need on a $35B+ drug category.

PERFORMANCE & RECOVERY

Arousal regulation, cognitive load, training readiness

Phase-locked to visual-cognitive tasks, the waveform explains why an athlete missed a target, when focus collapses, and how fast an athlete parasympathetically recovers between reps. Already shipping inside Reflexion GO.

CPG VALIDATION

Passive, real-world product-effect measurement

Gatorade/GSSI, Abbott Lingo, and the functional-beverage industry have all publicly committed to passive, wearable-collected validation science. Respiration is a sensitive, published indicator of autonomic response to caffeine, hydration, electrolytes, and the full nootropic/sleep/stress supplement stack. Head-worn capture makes ingestion-to-response curves measurable in the wild.

OCCUPATIONAL & DEFENSE

Fitness-for-duty, fatigue monitoring

Pre-shift readiness and continuous fatigue assessment for heavy-equipment operators, pilots, drivers, and defense operators — a $4B+ occupational-safety market and an extension of Reflexion's existing DoD relationships.

REMOTE PATIENT MONITORING

Neurodegenerative and post-acute care

Combined with the reaction-time and visuomotor signals already captured on Edge and GO, the waveform extends into RPM for Parkinson's, Alzheimer's, MS, and post-acute recovery — a $130B+ adjacent opportunity attached to EssilorLuxottica's existing clinical footprint.

PEER-REVIEWED EVIDENCE BASE

Seven published studies. A moat that cannot be bought for any amount of capital in less than five years.

  • Coleman et al. 2020 · Haywood et al. 2020 · Lammers et al. 2020Reaction time predicts and reduces injury risk across football, basketball, soccer, volleyballReflexion metrics found predictive of musculoskeletal and lower-extremity injury across multiple collegiate sports and genders.
  • Laby & Kirschen 2019Visual-cognitive performance correlates to MLB on-field metricsStudy across 8 MLB teams established a never-before-documented correlation between six on-field baseball metrics and Reflexion visual-cognitive performance. Comparative analyses show Reflexion explains 98% of the variability of legacy industry standards (Sports Vision Trainer).
  • White et al. 20219% faster target acquisition in NCAA D1 quarterbacksReflexion training improved ball-release time with minimal impact on accuracy.
  • Wilkes et al. 2021Reaction-time sensitivity to cognitive processing deficits over 30+ daysDemonstrates that Edge's Simple, Complex, and Go/No-Go paradigms are sensitive enough to detect minute, lingering processing effects — i.e., sensitive enough to quantify the micro-enhancements a new Future Genesis lens is intended to produce. (cited as evidence of platform sensitivity, not as a concussion-product claim)
  • Burke et al. 2021High positive test-retest reliability of visual reaction-time measurementIndependent validation of Edge's reliability across athlete populations.
Real-World Lens Validation

The validation instrument for every lens EssilorLuxottica ships.

This is the capability EssilorLuxottica should care about most on a ten-year horizon, and the one that is hardest to reproduce. Reflexion is building the sensors and real-time analysis — visual-cognitive reaction, peripheral scanning, gaze, and the respiration waveform — that can live inside smart eyewear itself. When those sensors ship inside an Oakley Meta or a future EssilorLuxottica product, every pair of glasses in the field becomes a real-world validation instrument for every lens technology the company ships.

IN THE LAB

Edge & GO as the validation rig

Bespoke psychophysical paradigms tailored per lens concept — tints, contrast enhancements, peripheral-tracking geometry, motion-perception optics. Edge delivers 0.1mm / 15ms precision on a 2D functional field; GO projects the same paradigms into mixed-reality 3D. This is how Future Genesis claims get quantified before they ever reach a retail floor.

AT THE RETAIL FLOOR

90-second demos the consumer can feel

Short, replayable, claim-aligned demos — Peripheral Pursuit, Steady Focus, Motion Delta — that end in a quantified number the consumer can read. The same content pipeline runs at OEHD, at activations, in flagship stores, and in partner installations. Measurement by design, not marketing copy.

IN THE WILD

Continuous, passive validation on the face

When Reflexion's sensing and analysis live inside smart eyewear, a motion-enhancement lens can be validated against its claim across thousands of wearers — reaction time, peripheral detection angle, gaze steadiness. A focus lens can be validated against breath-coupled calm. No other company in the EssilorLuxottica adjacency is structurally positioned to turn their own product into its own validation instrument at this scale.

This is the compounding loop: Reflexion's tooling helps EssilorLuxottica design better lenses; better lenses ship with Reflexion sensing inside; that sensing generates real-world validation data; the data informs the next generation of tooling and the next generation of lenses. Owning that loop end-to-end is the strategic difference between being a lens company that sells volume and being the measurement platform for consumer vision.

Cost to Recreate

Ten years of iteration, on $3M of lifetime R&D.

Valuation anchors for the strategic buyer: Reflexion has produced this platform on roughly $3M of lifetime R&D spend and approximately $6M in total capital raised. The real cost of replicating it is not dollars — it is the ten years of iteration, the peer-reviewed evidence base, the elite-customer reference list, and the small full-stack team that has built every layer of it themselves.

~$3M
Lifetime R&D spend across the full platform
~$6M
Total capital raised to date
10+ yrs
Of owned, vertically-integrated product development
7
Peer-reviewed / academic studies in the evidence base
28K+ · 1.5M+
Users and assessments on platform
100%
IP owned by the company — no university / third-party encumbrances
FULL
Stack ownership: electronics, firmware, OS, app, cloud, algorithms
5
Person core team that built all of it

An internal EssilorLuxottica build that aimed at the same capability set would need to stand up custom hardware engineering, embedded Linux, a mixed-reality product, a respiration-sensing research program, a peer-reviewed validation pipeline, and the relationships with pro teams, defense, and clinical partners that make the evidence base credible. The capital cost is the easy part; the time cost is what matters. That time compresses to zero with an acquisition.

Why not acquire a competitor instead?

There are three categories of adjacent companies EssilorLuxottica could evaluate as alternatives. None of them span the full capability set Reflexion does — and none of them sit as cleanly inside the Oakley and EssilorLuxottica channel already.

SPORTS-VISION TRAINING

Senaptec · Vima Systems · Dynavision

Gets a sports-training product and a customer base. Misses everything else: no smart-eyewear-native sensing, no respiration waveform, no mixed-reality platform, no vertical hardware / firmware / embedded-OS stack, thinner peer-reviewed evidence base, and no structural path from an on-face sensor to lens validation. Category-adjacent, not strategy-adjacent.

EYE-TRACKING / GAZE

Tobii Pro · RightEye

Gets a sensor layer for eye position and fixation. Misses the visual-cognitive paradigms that turn gaze into a lens-validation instrument, the mixed-reality training layer, the respiration waveform, and the pro-team / defense / clinical evidence chain. Tobii is a public-company asset and not cleanly acquirable; RightEye is FDA-regulated and narrower in scope. Buying the sensor without the paradigms is half a platform.

RESPIRATION / BIOMETRIC WEARABLES

Oura · Whoop · Movano

Gets a respiration or HRV number from a wrist or finger. Misses the smart-eyewear form factor entirely — the core EssilorLuxottica advantage. These products require dedicated hardware on a different body site and cannot ride on the sensors already shipping in Oakley Meta. They are parallel categories, not substitutes for the on-face measurement layer EssilorLuxottica is uniquely positioned to own.

The Reflexion difference is the combination: a vertically integrated full-stack team (hardware, firmware, embedded Linux, mixed reality, cloud, sensor fusion, psychophysical science, peer-reviewed evidence) that has already built the visual-cognitive measurement platform and the smart-eyewear-native respiration pipeline — and is already in market with Oakley. No competitor in the adjacency has all of these, and no adjacent acquisition closes the gap without still needing an internal build on top.

Team

Full-stack, hardware to science, ready to lead under EssilorLuxottica.

Oakley has been explicit that there is substantial custom Edge, OEHD, and respiration-waveform work it wants done, plus a yet-to-be-specified Oakley consumer app. Under a vendor relationship, that work is a series of SOWs. Under an acquisition, it is an owned roadmap led by the same team that built the platform it sits on.

LEADERSHIP

Matt Campagna — Founder & CEO

Founded Reflexion in 2015 and has led the company through partnerships with Under Armour, Meta, and Department of Defense stakeholders. Front Office Sports Rising 25 and two-time Thiel Fellowship candidate. Deep technical and operating fluency across the full stack; comfortable at the level of both the circuit board and the partnership term sheet. Committed to leading the Oakley initiatives post-close — including the Edge custom feature roadmap, the Oakley app build, and the respiration-waveform integration into EssilorLuxottica smart eyewear.

TECHNICAL

George S. Kong — CTO

CTO of Reflexion since 2018. Previously Engineering Manager at Silicon Graphics, contributing to OpenGL Performer and the groundbreaking visual-simulation systems of that era. Engineering Manager at Liberate Technologies through the company's IPO. Earlier career at Bell Laboratories / AT&T Information Systems building multi-protocol network devices and UNIX I/O frameworks. Stanford M.S. Computer Science & Computer Engineering (1982); Brown B.S. Computer Science, magna cum laude (1981). Track record leading elite engineering teams at scale through major tech-company exits.

ENGINEERING

Core engineering team

Two additional engineers today, with hiring capacity to scale quickly as EssilorLuxottica workload demands. The team has shipped all current Reflexion GO, Edge, Reaction Challenge, and respiration-waveform builds. Cross-disciplinary by necessity — people who work comfortably across hardware, firmware, embedded OS, native app, and cloud.

SCIENTIFIC BACKBONE

Dr. Daniel Laby and advisory network

Scientific strategy is guided by Dr. Dan Laby, a preeminent sports-vision ophthalmologist with decades of experience across MLB, NBA, NHL, EPL, and U.S. Olympic teams. Dr. Greg Applebaum — cognitive neuroscientist focused on visual-motor integration and sensory training in elite athletes — has informally guided the approach. This advisory backbone is what makes the peer-reviewed evidence base defensible against any internal build.

STRUCTURE

Acquihire alongside asset purchase

An asset purchase and an acquihire are not mutually exclusive — the clean structure is both. EssilorLuxottica acquires the IP, the hardware designs, the datasets, and the cloud; and retains the team that built them, including Matt, George, and the core engineering group, to lead the post-close roadmap inside EssilorLuxottica. This is how EssilorLuxottica converts an external vendor relationship into a native, immediately productive capability.

The Ask

A 30-day exclusive diligence window. Starting May 1, 2026.

The visual-cognitive measurement layer — the eye as an input to the brain — is what EssilorLuxottica is uniquely positioned to own inside smart eyewear. Reflexion has an active, credible term sheet from a major global platform partner to license the respiration waveform pipeline non-exclusively across the platform's OEM ecosystem; that path is a good outcome for Reflexion and is the default if nothing better presents itself. The exclusive EssilorLuxottica outcome — the full Reflexion stack, visual-cognitive and respiration together, owned inside Oakley Meta and future Ray-Ban Meta rather than released as industry-wide capability — is what requires moving on a defined window.

WHAT DOES NOT CHANGE

Oakley engagements continue under any path

OEHD VR, the Oakley custom app scoping, and Edge customization work are not contingent on the acquisition conversation. Reflexion's commitment to deliver against those SOWs is unchanged regardless.

WHAT DOES CHANGE

Exclusivity on the measurement layer inside smart eyewear

Under a timely EssilorLuxottica acquisition, the visual-cognitive measurement layer — reaction, peripheral detection, decision speed, visual processing, and on-face gaze once integrated — together with the respiration waveform become exclusive EssilorLuxottica capability integrated natively into Oakley Meta and future EssilorLuxottica smart eyewear. Under the alternative, the respiration portion ships industry-wide.

WEEK 1–2 · MAY 1–14

Executive alignment

Joint session with Oakley R&D (Future Genesis), OEHD leadership, EssilorLuxottica clinical, and Oakley Meta product leads to confirm the six fit vectors and the roadmap under ownership.

WEEK 3–4 · MAY 15–28

Technical & financial diligence

Platform review, IP audit, existing customer pipeline, respiration waveform validation dataset, team deep-dives, and integration plan.

WEEK 5+ · BY MAY 29

Term sheet

Structure optimized for team retention and rapid integration — asset purchase, acquihire of Matt, George, and the core engineering team, and a defined post-close roadmap across OEHD, Future Genesis tooling, the Oakley app, and respiration-waveform integration.

Direct line for corporate development
Matt Campagna · Founder & CEO, Reflexion
[email protected] · reflexion.co · Lancaster, PA