L'ORÉAL UNVEILS LATEST BEAUTY TECH INNOVATIONS AHEAD OF CES 2022: REINVENTING HAIRCOLORATION WITH TWO USER-DESIGN BREAKTHROUGH INNOVATIONS DEDICATED TO TRANSFORM THE EXPERIENCE BOTH AT HOME FOR CONSUMERS AND IN HAIR SALONS FOR PROFESSIONALS

LAS VEGAS, Jan. 3, 2022 /PRNewswire/ -- Today, ahead of CES 2022, the world's premier consumer technology conference, the L'Oréal Group unveiled its latest beauty tech innovation to reinvent the entire haircoloration category: Colorsonic, a lightweight, handheld device that uses an innovative, mess-free process to mix haircolor and apply it evenly, delivering consistent haircolor results for consumers at home, and Coloright, an AI-connected haircolor system for salon stylists that uses Virtual Try-on to project desired shades, and an algorithm that leads to an on-demand, customized haircolor with more than 1,500 custom shades possibilities.

L'Oréal has the longest haircoloration heritage in the industry as it invented the world's first safe, synthetic haircolor formulation more than 100 years ago – creating what is now a $10 billion dollar industry. Today, a century later, the company once again reveals its haircoloration leadership by transforming the industry with two breakthrough innovations powered by cutting-edge technology alongside the most precise formulation.

"Our century-long, deep experience and leadership in haircoloration has allowed our researchers, data scientists and Tech engineers to completely revisit and reinvent the haircoloring experience for both: at home with Colorsonic, a unique user-designed re-usable device allowing a precise vibrant result of haircoloration, and for hair stylists with Coloright, the most personalized and advanced experience in hair salons to achieve desired haircolor results anywhere in the world. L'Oréal's BeautyTech leadership allows us to push the boundaries of tech multiplied by science for breakthroughs in more personalized, inclusive and sustainable beauty experiences," said Barbara Lavernos, Deputy Chief Executive Officer, in Charge of Research, Innovation and Technology.

When the COVID-19 pandemic caused the temporary closure of many salons, the at-home haircolor business grew by 6%. During this time, consumers experienced the challenges of an at-home haircoloring process that has remained virtually unchanged for decades, namely the messiness of hair dye and the difficulty of applying haircolor to hard-to-reach places.

Developed in response to these consumer needs and refined over a five-year period, Colorsonic uses a custom mixer mechanism to combine a precise amount of developer and formula to create a haircolor. The device then dispenses the right dose of haircolor and applies it to the hair via an oscillating nozzle of bristles as they move in a zigzag pattern to evenly distribute it on the hair. In five steps, the consumer can:

1. Select a haircolor out of 40 shades on the Colorsonic website. The ammonia-free haircolor kit is conveniently shipped directly to homes.
2. Load color cartridge into device for on-demand color mixing. The color and developer are kept separate until the device is turned on, a critical component to preserving the color and keeping it fresh.
3. Brush device from roots to ends for uniform color application. The oscillating nozzle—tested rigorously to prevent leaking, over saturation, and dripping—moves 300 times per minute to effectively cover hair quickly. An attachment is also included for those with long hair (shoulder length or longer).
4. Wait 30 minutes. Then rinse, style, and go.
5. Remove cartridge from device and store the remaining color, for easy touch-ups anytime. The cartridge system allows Colorsonic to store the remaining color for touch-ups and gray coverage.

"After years of research and development, we are thrilled to unveil technologies ahead of this year's Consumer Electronics Show that modernize the experience for millions of people worldwide who color their hair at home and in the salon," said Guive Balooch, Global Head of Research and Innovation's Tech Incubator at L'Oréal. "We aim to leverage science and technology to solve age-old problems for consumers, and Colorsonic is a great example of the power of innovating for consumers by innovating with consumers."

The unveiling of Colorsonic is a continuation of L'Oréal's commitment to delivering exceptional personalized beauty experiences rooted in sustainability. Features that reflect this commitment include:

• Post-Consumer Recycled Plastic: Colorsonic is a reusable device with a recyclable formula cartridge that uses less plastic per application than home box haircolor.
• Reusable Gloves: Existing at-home haircolor includes single-use gloves in every box. Colorsonic replaces single-use gloves with gloves that can be reused up to 10 times and are high-performing in protection.
• Reduced Shipping Packaging: The Colorsonic device and color cartridges are shipped in certified recyclable paper mailers.

L'Oréal plans to launch Colorsonic to consumers in the U.S. beginning in early 2023.

L'Oréal will also unveil technology that modernizes the salon haircolor experience

In addition to transforming the at-home haircoloring experience with Colorsonic, L'Oréal is also focused on the next evolution of the salon haircolor experience. L'Oréal will also be unveiling Coloright ahead of CES 2022. Coloright is an AI-connected haircolor system for salon stylists that creates on-demand, customized haircolor. It puts innovation in the hands of professional colorists and customizes salon haircolor experience powered by a patented algorithm to offer more precise colorations.

The machine features a reader, which analyzes the client's hair, measuring factors that influence color's effectiveness, including haircolor, gray percentage, length, and density and a dispenser that contains dry beads consisting of hair dye, accompanied by cartridges of base creams, developers and diluters. Together, these dispensed components create a personalized haircolor recipe. The ultra-precise machine dispenses all the components of the formula and, in total, Coloright can provide more than 1,500 custom possibilities. 

About L'Oréal                                                                 
L'Oréal has devoted itself to beauty for over 100 years. With its unique international portfolio of 35 diverse and complementary brands, the Group generated sales amounting to 27.99 billion euros in 2020 and employs 85,400 people worldwide. As the world's leading beauty company, L'Oréal is present across all distribution networks: mass market, department stores, pharmacies and drugstores, hair salons, travel retail, branded retail and e-commerce.

Research and innovation, and a dedicated research team of 4,000 people, are at the core of L'Oréal's strategy, working to meet beauty aspirations all over the world. L'Oréal sets out ambitious sustainable development goals across the Group for 2030 and aims to empower its ecosystem for a more inclusive and sustainable society.

More information on https://www.loreal.com/en/mediaroom

"This press release does not constitute an offer of sale or solicitation of an offer to purchase L'Oréal shares. If you wish to obtain more comprehensive information about L'Oréal, please refer to the public documents registered in France with the Autorité des Marchés Financiers, also available in English on our website www.loreal-finance.com.

This press release may contain forecast information. While the Company believes that these statements are based on reasonable assumptions as of the date of publication of this press release, they are by nature subject to risks and uncertainties which may lead to a discrepancy between the actual figures and those indicated or suggested in these statements."

For further information, please contact your bank, stockbroker of financial institution (I.S.I.N. code:  FR000012031), and consult your usual newspapers or magazines or the Internet site for shareholders and investors, www.loreal-finance.com, the L'Oréal Finance app or call the toll-free number from France: 0 800 66 66 66. 0 800 66 66 66

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SOURCE L'Oreal

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