Tekcapital plc Lucyd Update (6867T)
22 Luglio 2020 - 8:00AM
UK Regulatory
TIDMTEK
RNS Number : 6867T
Tekcapital plc
22 July 2020
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the
publication of this announcement via a Regulatory Information
Service ("RIS"), this inside information is now considered to be in
the public domain.
22 July 2020
Tekcapital Plc
("Tekcapital", the "Company" or "the Group")
Portfolio Company Update:
LUCYD Patent & New Product Update
Tekcapital Plc (AIM: TEK), the UK intellectual property (IP)
investment group focused on creating marketplace value from
investing in university technology, is pleased to announce that its
wholly owned portfolio company Lucyd Ltd, ("Lucyd") the smartglass
developer and operator of an eShop for tech-enhanced eyewear, has
received a notice of allowance for 13 previously filed patents and
has filed two new patents covering their forthcoming Lucyd Lyte
Bluetooth(R) audio glasses.
As a result, Lucyd's total IP position now consists of 24
patents (13 allowed design patents & 11 applications) which
includes three pending utility patents, and eight pending design
patents.
The Company's manufacturing partner has just completed the first
Lucyd Lyte beta production models, dubbed " Darkside" and 'Moonshot
." Lucyd expect to have the initial batch of the Lucyd Lyte beta
units next week, and will begin beta testing with our network of
tech and fashion influencers, and Lucyd eyewear fans. The Product
launch for the Lyte line is anticipated to be in late September
2020.
Lucyd has established a new U.S. subsidiary called Innovative
Eyewear, Inc. focused on making and selling Lucyd branded products.
Innovative Eyewear has recently launched an equity crowdfund on
StartEngine . The company is seeking to raise $400,000 at a
pre-money valuation of $3.75m, a significant increase over the
$1.29m valuation recorded for Lucyd, Ltd. in 2019. Early adoption
has been good and over 275 investors have already subscribed. We
will update the market when the round is completed.
Harrison Gross, CEO and Co-founder at Lucyd said: "We are
extremely excited about our new Lucyd Lyte product, as it
personifies our goal to produce fashionable, prescription tech
eyewear that you can wear all day as your
go-to glasses," said Harrison Gross, CEO and Co-founder at Lucyd.
About Lucyd
The mission of Lucyd is to enhance the visual experience. Lucyd
is pioneering a new market for prescription-ready, tech-enhanced
glasses, and operates an eShop for innovative eyewear. To learn
more please visit https://lucyd.co .
About Tekcapital plc
Tekcapital creates value from investing in new,
university-developed intellectual properties and provides a range
of IP investment services to make it easy for organisations to
commercialise university-developed technology. Tekcapital is quoted
on the AIM market of the London Stock Exchange (AIM: symbol TEK)
and is headquartered in Oxford, in the UK. For more information,
please visit www.tekcapital.com
LEI: 213800GOJTOV19FIFZ85
For further information, please contact:
Tekcapital Plc Via Flagstaff
Clifford M. Gross, Ph.D.
SP Angel Corporate Finance LLP
(Nominated Adviser and Broker) +44 (0) 20 3470 0470
Richard Morrison/Charlie Bouverat
(Corporate Finance)
Abigail Wayne (Corporate Broking)
Flagstaff Strategic and Investor Communications +44 (0) 20 7129 1474
Tim Thompson/Andrea Seymour/Fergus Mellon
This press release is for informational purposes only. The
information herein does not constitute investment advice nor an
offer to invest and may contain statements related to our future
business and financial performance and future events or
developments involving Lucyd or Tekcapital that may constitute
forward-looking statements. These statements may be identified by
words such as "expect," "look forward to," "anticipate" "intend,"
"plan," "believe," "seek," "estimate," "will," "project" or words
of similar meaning. We may also make forward-looking statements in
other reports, in presentations, in material delivered to
customers, stakeholders and in press releases. In addition, our
representatives may from time to time make oral forward-looking
statements. Such statements may be based on the current
expectations and certain assumptions of Tekcapital or Lucyd's
management. Please note that these are subject to a number of
risks, uncertainties and factors, including, but not limited to
those described in various disclosures. Should one or more of these
risks or uncertainties materialize, or should underlying
expectations not occur or assumptions prove incorrect, actual
results, performance or achievements of Lucyd and/or Tekcapital may
vary materially from those described explicitly or implicitly in
the relevant forward-looking statement. Neither Lucyd nor
Tekcapital intends, nor assumes any obligation, to update or revise
these forward-looking statements in light of developments which
differ from those anticipated.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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