TIDMTEK
Tekcapital plc
18 August 2022
18 August 2022
Tekcapital Plc
("Tekcapital", the "Company" or the "Group")
Portfolio Company Update: Lucyd Ltd ("Lucyd")
Innovative Eyewear Inc. Announces Debut of their Lucyd Lyte Fall
'22 Collection
Tekcapital Plc (AIM: TEK, OTCQB: TEKCF), the UK intellectual
property investment group focused on transforming university
technologies into valuable products is pleased to announce that
Innovative Eyewear Inc. (NASDAQ: LUCY; LUCYW), a developer and
retailer of smart eyewear designed to allow the users to remain
connected to their digital lives, today announced the launch of
their Lucyd(R) Lyte Fall '22 smart eyewear line.
The product debut introduces four new designer smart frames and
the new Lucyd charging dock accessory. Strategically embedded,
streamlined hinges integrated with the latest fashion trends make
these frames the most stylish releases to-date for the company.
Additionally, these new designs bring improvements to the build
quality and audio fidelity of all Lucyd frames. The new Lucyd dock
accessory can wirelessly charge all Lucyd Lyte models and up to
three other USB-charged devices simultaneously, offering an
organized and compact way to charge your go-to devices. The dock
makes charging Lucyd eyewear as easy as setting the glasses down on
your nightstand, making the Lucyd experience more user-friendly
than ever.
View the new products here .
Harrison Gross, Lucyd CEO & Cofounder said, "Our mission at
Lucyd has always strived to be the 'go-to upgrade' of your eyewear
from sunglasses to prescription frames you wear all-day, everyday
day. Simply put, the Lyte Fall '22 collection comprises our most
advanced glasses yet. The new hinge design offers a sheerness that
makes the frames almost indistinguishable from traditional designer
eyewear. Our new Jupiter style weighs just 1oz; it's aesthetically
refined and we believe is one of the lightest smart eyewear lines
available today. Finally, the Lucyd charging dock is a new,
patent-pending accessory that makes charging the glasses wireless
and worry-free."
To celebrate the launch, Lucyd is offering 10% off all purchases
on Lucyd.co for a limited time. With the introduction of the Lyte
Fall '22 collection, there's never been a better time to
#upgradeyoureyewear(R). Customers can head to Lucyd.co and
customize their frames with numerous lens options, including 16
tints available in a full range of prescriptions and a basic clear
Rx lens starting at just $35.
About Innovative Eyewear, Inc.
Innovative Eyewear is a developer and retailer of smart eyewear,
which are designed to allow the users to remain connected to their
digital lives, while also offering prescription eyewear and sun
protection. The Company believes that traditional frames, no matter
how attractive, do not possess the functionality that many eyeglass
wearers need and want. Smart eyewear is a multifunctional product
that addresses the needs of the optical, hearables and digital
assistant markets. We believe that the Company's products are well
positioned in this rapidly growing wearables ecosystem, with the
mission to Upgrade Your Eyewear(R). For more information, please
visit www.lucyd.co .
Tekcapital currently owns 100% of the share capital of Lucyd Ltd
and 5,189,086 shares (approximately 70%) of its U.S. operating
subsidiary, Innovative Eyewear, Inc.
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 / Rob Rees (Corporate
Broking)
Flagstaff Strategic and Investor Communications +44 (0) 20 7129 1474
Tim Thompson/Andrea Seymour/Fergus Mellon
About Tekcapital plc
Tekcapital creates value from investing in new,
university-developed discoveries that can enhance people's lives
and provides a range of technology transfer services to help
organisations evaluate and commercialise new technologies.
Tekcapital is quoted on the AIM market of the London Stock Exchange
(AIM: symbol TEK) and is headquartered in the UK. For more
information, please visit www.tekcapital.com .
LEI: 213800GOJTOV19FIFZ85
Forward-Looking Statements
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 Innovative Eyewear, Inc., 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 Innovative Eyewear
Inc., Lucyd and/or Tekcapital may vary materially from those
described explicitly or implicitly in the relevant forward-looking
statement. Neither Innovative Eyewear Inc, 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.
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