TIDMTEK
Tekcapital plc
28 June 2023
28 June 2023
Tekcapital Plc
("Tekcapital", the "Company" or the "Group")
Innovative Eyewear, Inc. Announces Partnership with PRIVATO Duty
Free
Tekcapital Plc (AIM: TEK, OTCQB: TEKCF), the UK intellectual
property investment group announces that Innovative Eyewear, Inc.
("Innovative Eyewear") (NASDAQ: LUCY; LUCYW), the developer and
retailer of smart eyewear under the Lucyd(R), Nautica(R), Eddie
Bauer(R) and Reebok(R) brands, has announced a new retail
partnership with PRIVATO Duty Free, a provider of travel luxury
goods (formerly Bulldog Duty Free).
As part of the partnership, PRIVATO will be creating a Lucyd
Eyewear retail showcase in seven of the company's airport-based
locations, featuring a number of Lucyd styles and the company's new
modular LCD retail display that acts as an always-on, automated
salesperson for Lucyd Eyewear. We anticipate the complete roll-out
in Q3 2023.
Photo courtesy of Innovative Eyewear Inc.
"Lucyd Eyewear makes an excellent product for travelers, since
it allows you to hear music, audio content and notifications in an
open-ear format, while maintaining full awareness. Additionally,
the ability to use ChatGPT through Lucyd Eyewear via the Lucyd app
provides powerful AI assistance which many travelers need,
including real-time translations and the ability to learn about
significant points of interest in any city worldwide. Any vacation
or business trip can be made a bit more convenient and enjoyable
with Lucyd Eyewear, and we are pleased to offer it through our new
partner PRIVATO at several leading airports," said Harrison Gross,
CEO of Innovative Eyewear.
"We are always seeking to bring our clients the latest
innovations in travel goods and luxury retail. Lucyd smart eyewear
is an exciting new product and new category of sunglasses that we
think our customers will love to use," said Marco Arilli, Managing
Director of PRIVATO Duty Free.
About PRIVATO Duty Free
PRIVATO was founded by Marco Aurilli, a 30-year veteran of the
duty free and retail industry. Its mission is to take the duty free
and travel retail industry to a higher level by using the latest
technologies to enhance consumer experiences. Privato provides
services to the private jet-focused duty free network and has
brought a refreshed and vibrant shopping experience to this
industry. Privato Duty Free is a DBA of Bulldog Duty Free. Visit
www.privatodutyfree.com for more information.
About Innovative Eyewear, Inc.
Innovative Eyewear is a developer of cutting-edge smart eyewear,
under the Lucyd(R), Nautica(R), Eddie Bauer(R) and Reebok(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 of Innovative
Eyewear, Inc. (approximately 40%).
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)
Fagstaff 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, 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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