TIDMTEK
Tekcapital plc
06 February 2023
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6 Feb 2023
Tekcapital Plc
("Tekcapital", the "Company" or the "Group")
Innovative Eyewear, Inc. Announces New Features for its Vyrb(TM)
Social Audio App
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), Nautica(R) and Eddie
Bauer(R) brands, is pleased to announce major developments in its
Vyrb social audio app, which is in open beta on iOS and
Android.
Vyrb is a full social media platform designed for wearables,
which offers a suite of tools for creating, sharing and enjoying
audio content in a frictionless, handsfree format. Whilst it offers
a complete visual interface, the app provides a set of unique
handsfree social utilities accessed through voice assistants like
Siri(R). The company has just completed a powerful new live
broadcasting feature called "On Air", which enables users to create
real-time audio chatrooms with up to 100 visitors and multiple
active speakers. The company believes this feature will be a useful
tool for audio content creators and collaborative work.
"Lucyd Eyewear is not simply another smartglass, it is an
evolution in optical eyewear that makes it easier than ever to
create and consume audio content," says Innovative Eyewear CEO
Harrison Gross. "We are supporting our hardware platform with
audio-focused software to enable seamless communication, content
generation and social interaction on our frames as well as other
wearables. The introduction of the On Air feature to our Vyrb app
is a milestone where we have enhanced the popular and useful
real-time chat functionality found in other social apps, by
adapting it to an ecosystem purpose-built for wearable
communications. Now, Vyrb users will be able to communicate with an
expansive team and host live audio events with large audiences.
After a user concludes an On Air session, they have the option to
save a recording of it on their Vyrb profile and share to other
platforms."
In addition to the On Air feature, Vyrb's latest release
includes an audio upload feature that allows users to port audio
files they created outside of Vyrb into the app, mix in sound
effects, and share to their profile. This feature enables content
creators to quickly upload their audio content library into
Vyrb.
Download Vyrb(TM) on iOS /Mac and Android to explore the beta
app. Watch a video of Vyrb in action here .
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 .
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
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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, Innovative Eyewear Inc. 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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