Toronto-based eSight has announced a significant price drop on its sight-enhancing glasses for the visually impaired. The price has been lowered by 40 percent, going from $12,500 Canadian ($9,500 US) to $8,000 Canadian ($5,950 US).

The company says the 40 percent price reduction will also empower more public and private institutions to cover the cost of eSight.

Since the launch of eSight 3 in early 2017, the company says it has experienced substantial business growth, which has enabled the price reduction. eSight’s customer base has reportedly grown more than fivefold, with the device now available in more than 45 different countries.

“Due to our strong momentum, particularly from a user growth perspective, the cost of producing our electronic glasses has fallen considerably,” said Dr. Brian Mech, the president & CEO of eSight. “We know that enhanced vision means very little without true mobility. With this in mind, we are excited to cement ourselves as leaders in our industry by positioning a technology that is vastly superior to other wearables for the visually impaired – particularly in how it enables mobility in nearly all activities of daily living – at its most affordable price point.”

The company says the 40 percent price reduction will also empower more public and private institutions to cover the cost of eSight for low-vision stakeholders, allowing the technology to be granted through employee benefit programs, standardized accessibility offerings, and more.

eSight has previously launched its Make Blindness History campaign with the aim of helping 50 million people living with vision loss worldwide, as well as demonstrating its glasses in practice by helping a legally blind teen learn basketball with the Harlem Globetrotters.