March 7, 2016 — Tam Le, Founder and Chairman of Tecport Optics, today announced the appointment of Dr. Nabil El-Hag as Vice-Chairman of the company. “We are pleased that Dr. El-Hag has rejoined our company. He will be working closely with me on setting the strategic direction of the company, including the development of new strategic alliances that support our growth strategy. Dr. El-Hag was the architect and driving force for establishing our joint venture with the University of Utah and Axon Corporation a few years ago. He crafted the alliance that enabled us to deploy our cold plasma technology for lens applications for the treatemnt of light sensitive migraine headaches,” said Mr. Le.
The products developed by Axom and Tecport have now reached the final FDA approval stage and Tecport is mobilizing their resources to capitalize on this opportunity. The US migrain market is currently estimated at $2 billion in prescription drug sales. According to a 2001 NIH report, approximately 28 million people suffer from migraines in the US, more than diabetes and asthma combined.
The application of Tecport’s “Polaris Process” is an industry break-through that allows multi-layer thin film coating on plastics. This cold plasma technology opens up a myriad of business opportunities across many market segments. “I am pleased to be working with Tecport during this exciting stage of their growth, and look forward to establishing the strategic alliances that will enable them to capitalize on this revolutionary development in optical technology,” comment Dr. El-Hag.
Dr. El-Hag, an accomplished Fortune 500 executive, an experienced entrepreneur, an award winning scientist, brings over 35 years of unique experience to the venture. “His balanced approach to building value through win-win partnerships, has served us well in the past,” said Mr. Le. “We are confident that Dr. El-Hag’s leadership and business acumen will enable us to realize the tremendous opportunities that cold plasma technology brings to our industry.”