Growing global awareness of potential eye strain caused by blue light emission from digital screens has sent sales soaring at a small Minnesota firm that makes blue light protection products.
Over the last four years, Eden Prairie-based Eyesafe has seen its revenue increase by nearly 900% off the sale of about 40 million electronic devices, company officials said. Lenovo, Acer and HP, three of the largest computer brands in the world, and display maker LG are among a list of electronics companies using Eyesafe's filtration materials in their latest models.
The global pandemic has spurred an uptick in interest in Eyesafe's products as people spend more time in front of screens.
By 2025, the number of digital devices using its filtering technology will reach half a billion, company officials said. That includes its certifications, which show consumers if the product meets reduced blue light emission standards.
To meet demand from electronics manufacturers, Eyesafe is leasing lab space inside the former Imation headquarters in Oakdale, now known as 4Front Technology & Office Campus. That's a fourfold increase from its existing lab space in Eden Prairie, said Justin Barrett, the company's co-founder and chief executive.
Eyesafe started in 2013 and has raised more than $10 million from private investors to fund the development of its filtration products. The filter materials, some of which are installed during device assembly, redesign light emission and the color filter in screens to reduce blue light.
Eyesafe chemists and engineers created the dye for its filtration materials using input from health professionals. The company also maintains a research alliance on the health effects of blue light with academics at Salus University in Pennsylvania.
The 45-person company will generate between $10 million and $11 million in revenue this year, Barrett said. He attributes its 855% revenue growth between 2017 and 2020 to a growing recognition of the issues of screen time and blue light.