- TOKYO, Japan, April 3, 2025 -

Seiko Epson Corporation (TSE: 6724, "Epson") and Epson X Investment Corporation (President: Yasunori Yoshino, Headquarters: Chiyoda-ku, Tokyo) are pleased to announce that they have recently invested in Tennessee-based startup Blank Beauty, Inc. (CEO: Charles Brandon, headquarters: Tennessee, U.S.A., "Blank Beauty") through a joint fund, the EP-GB L.P.

Epson's robots excel in terms of compactness, precision, and productivity. Blank Beauty has a platform that enables customers to create custom-color nail polishes. By integrating its robotics technology with Blank Beauty's platform, Epson will explore the potential of robotics in various retail and service scenarios, including their potential to streamline operations and offer personalized customer experiences that go beyond traditional products and services. This investment was made to accelerate this effort.

Epson and Blank Beauty will form a strategic partnership and collaborate primarily in the following areas:

• Develop and deploy in-store kiosk terminal that manufacture and sell custom-color nail polishes.
• Employ Epson's robotic technology to visualize the color-mixing process while reliably manufacturing products in limited space.

• Develop and install equipment to produce custom-color nail polishes for e-commerce orders.
• Integrate equipment with web applications to automate processes such as color mixing and packaging for shipment.

• Develop and offer a countertop custom-color nail polish machine for nail salons.
• Mix colors on the spot, helping to reduce the burden of maintaining product inventory.

• Expansion of the product lineup
  Expand into other customizable cosmetics, including gel nail products, liquid foundations, and lip glosses.
• Leveraging Epson's Color Control Technology
  Achieve accurate color mixing for cosmetic products and offer higher value-added products.
• Deployment to other retail and service installations
  Potentially expand into paints, aromatherapy/fragrance products, and skincare items.

Going forward, Epson will continue to harness its unique technologies, products, and services to contribute to the realization of a sustainable society through co-creation with various partners.

Epson X Investment Corporation is a Corporate Venture Capital (CVC) firm. It is wholly owned by Seiko Epson Corporation, an information equipment and precision products manufacturer. Epson joined forces with general partner Global Brain Corporation, an independent venture capital company with expertise in managing venture investment funds, to form a fund (the EP-GB L.P.) and invests in startup companies that are expected to generate synergies with the Seiko Epson Group.

URL:https://www.epson-exi.com/

Company name	Blank Beauty, Inc.
Established	October 2016
Business activities	A custom cosmetic platform Sales of cosmetics Planning and sales of cosmetic color-mixing devices
Headquarters	Knoxville, Tennessee, U.S.A.
Representative	Charles Brandon (CEO)
URL	https://www.blankbeauty.com

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