Meta and Ray-Ban owner EssilorLuxottica have extended their partnership into the next decade. The duo have collaborated since 2019, producing two generations of Ray-Ban Meta glasses. The agreement between Meta and EssilorLuxottica should bring more "multi-generational smart eyewear products.

STORY: Meta is deepening its partnership with the firm behind Ray-Bans, in a bid to drive demand for smart glasses. The Facebook parent firm has agreed a new 10-year deal with the Franco-Italian EssilorLuxottica.

The collaboration has helped Meta make smart glasses that stand out for their style So far, the collaboration has helped Meta make smart glasses that stand out for their style. It looks like Meta wants to keep that trend going with its next generations of frames.

EssilorLuxottica, which owns Ray-Ban and other eyewear companies, has entered a long-term partnership with Meta to develop more smart glasses.

The market of A.I.-powered glasses appears to be heating up as tech giants race to create the next best personal A.I. devices. Later this month, Meta (META) is slated to unveil Orion, the company’s long-rumored augmented reality (AR) glasses,

EssilorLuxottica extends its smart glasses partnership with Meta by 10 years. 'We have the opportunity to turn glasses into the next major technology platform,' Mark Zuckerberg says.

While financial details of the deal remain undisclosed, there were previous reports that suggested Meta might buy a 5 percent stake in EssilorLuxottica. However, the official announcement did not mention that kind of investment.

They will build on the success of their Ray-Ban branded smart glasses. EssilorLuxottica and Meta Platforms have renewed their partnership to collaborate on smart eyewear development for the next decade.

The company behind Ray-Ban glasses is EssilorLuxottica, which has been putting out eyewear products for decades now. Meta first partnered with the company back in 2019 to develop the Ray-Ban Stories,

Meta Platforms and Ray-Ban maker EssilorLuxottica announced Tuesday that they've extended their partnership with plans to "collaborate into the next decade to develop multi-generational smart eyewear products.