TIDMTEK
Tekcapital plc
29 December 2022
29 Dec 2022
Tekcapital Plc
("Tekcapital", the "Company" or the "Group")
Innovative Eyewear, Inc. Announces Multi-Year, Global Licensing
Agreement with Authentic Brands Group for Eddie Bauer(R) Smart
Eyewear
Tekcapital Plc (AIM: TEK, OTCQB: TEKCF), the UK intellectual
property investment group notes that Innovative Eyewear, Inc.
("Innovative Eyewear") (NASDAQ: LUCY; LUCYW), the developer and
retailer of smart eyewear under the Lucyd(R) and Nautica(R) brands,
has announced that through an agreement with Authentic Brands Group
(Authentic), it has licensed the iconic outdoor brand Eddie
Bauer(R) for smart eyewear.
"We are pleased to partner with Lucyd to expand Eddie Bauer's
eyewear offering," said Henry Stupp, President, Lifestyle
EMEA-India at Authentic. "Eddie Bauer is known for delivering
innovation across all of its product categories. Through Lucyd's
Bluetooth technology, we reinforce the brand's standards in this
emerging category."
Eddie Bauer is rooted in its commitment to research and
invention, beginning with the creation of the first-ever quilted
goose-down insulated jacket in 1942. Throughout the brand's
history, Eddie Bauer has registered dozens of patents on various
outdoor clothing construction and sporting equipment.
"Few names are as renowned as Eddie Bauer in outdoor
recreation," says Harrison Gross, CEO of Innovative Eyewear, Inc.
"Our Eddie Bauer smart eyewear collection, powered by Lucyd, will
continue Eddie Bauer's legacy of bold and beautiful craftsmanship,
coupled with innovation, and will align perfectly with today's
adventurous lifestyles. We believe outdoor enthusiasts are looking
for designer eyewear that both protects their vision and allows
them to remain connected to their digital lives in an open-ear,
handsfree format."
The Eddie Bauer smart eyewear collection is expected to launch
in 2023.
About Innovative Eyewear, Inc.
Innovative Eyewear is a developer and retailer of cutting-edge
smart eyewear, under the Lucyd(R) , Nautica(R) & Eddie Bauer(R)
brands. True to our mission to Upgrade Your Eyewear(R) , our
Bluetooth audio glasses allow users to stay safely and
ergonomically connected to their digital lives, and are offered in
hundreds of frame and lens combinations to meet the needs of the
optical market. To learn more and explore our continuously evolving
collection of smart eyewear, please visit www.lucyd.co .
About Eddie Bauer
For more than 100 years, outdoor brand Eddie Bauer has been
inspiring, enabling, and empowering people to live their adventure
with products that are built to last. Their products are available
at eddiebauer.com and more than 200 stores in the U.S., Canada,
Germany, Japan, and other international markets. To learn more
please visit www.eddiebauer.com .
About Authentic Brands Group
Authentic Brands Group (Authentic) is a global brand
development, marketing and entertainment platform, which owns a
portfolio of more than 40 iconic and world-renowned Lifestyle,
Entertainment and Media brands. Headquartered in New York City,
with offices around the world, Authentic connects strong brands
with best-in-class partners and a global network of operators,
distributors and retailers to build long-term value in the
marketplace. Its brands have an expansive retail footprint,
including more than 9,100-plus freestanding stores and
shop-in-shops in more than 150 countries and generate approximately
$23 billion in global annual retail sales.
Authentic is committed to transforming brands by delivering
powerful storytelling, compelling content, innovative business
models and immersive experiences. It creates and activates original
marketing strategies to drive the success of its brands across all
consumer touchpoints, platforms and emerging media. Authentic's
brand portfolio includes Marilyn Monroe(R), Elvis Presley(R),
Muhammad Ali(R), Shaquille O'Neal(R), David Beckham(R), Dr. J(R),
Greg Norman(R), Neil Lane(R), Thalia(R), Sports Illustrated(R),
Reebok(R), Eddie Bauer(R), Spyder(R), Volcom(R), Airwalk(R),
Nautica(R), Izod(R), Brooks Brothers(R), Barneys New York(R),
Judith Leiber(R), Ted Baker(R), Hervé Léger(R), Frye(R), Juicy
Couture(R), Vince Camuto(R), Lucky Brand(R), Aéropostale(R),
Forever 21(R), Nine West(R), Jones New York(R), Tretorn(R),
Prince(R), Van Heusen(R), Arrow(R), Hickey Freeman(R), Hart
Schaffner Marx(R) and Thomasville(R).
For more information, visit authentic.com .
Follow Authentic on LinkedIn , Instagram and Twitter .
Tekcapital currently owns 5,189,086 shares (approximately 71%)
of 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. Other than as required by relevant regulation or law,
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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END
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December 29, 2022 02:00 ET (07:00 GMT)
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