TIDMTEK
Tekcapital plc
01 August 2023
1 August 2023
Tekcapital Plc
("Tekcapital", the "Company" or the "Group")
Innovative Eyewear, Inc. Launches the Lucyd Blueshift Lens
for Enhanced Eye Protection and Comfort
Tekcapital Plc (AIM: TEK), the UK intellectual property
investment group announces that Innovative Eyewear, Inc.
("Innovative Eyewear") (NASDAQ: LUCY; LUCYW), the developer of
smart eyewear under the Lucyd(R), Nautica(R), Eddie Bauer(R) and
Reebok(R) brands, is pleased to announce the launch of a new
transitional blue light blocking lens designed to maximize utility,
eye protection and user satisfaction of Lucyd eyewear.
The Lucyd Blueshift lens is an exclusive new lens upgrade
offered with Lucyd eyewear, custom-developed by the Company, that
provides the following benefits:
-- The lens is photochromic, and tints to a polarized sunglass
in bright environments, while remaining clear indoors. The lens
will tint even without exposure to UV light, which is required to
activate many other photo-sensitive lenses. This means they will
darken behind a UV-blocking windshield and can be used for eye
protection while driving.
-- At the company's in-house lens lab, each lens has manually
applied a special blue light blocking layer that does not disrupt
the lenses' ability to transition to a sunglass. This additional
coating provides an average of 40% filtration of harmful blue
light, according to independent testing from Colts Labs.
-- Unlike many other lenses offering this degree of blue light
filtration, the lens does not have a significant yellow or amber
tint, and is fully clear indoors. The resulting product is an ideal
lens for mixed indoor/outdoor, on-screen and off-screen use.
-- The Blueshift lens is available in both non-Rx and in any
prescription, including progressive.
Photo courtesy of Innovative Eyewear Inc.
Harrison Gross, CEO of Innovative Eyewear Inc., commented:
"I am thrilled to announce another engineering feat from our
dedicated team, who are always striving to help our customers get
the most out of the glasses they wear every day. The new Blueshift
lens makes our eyewear suitable for use in almost any environment
and at any light level. We believe this lens is an important
enhancement for all-day wearability, allowing the user to
seamlessly shift from blocking harmful blue light during computer
and phone use, to enjoying driving and outdoor activities
comfortably in high sunlight. We believe this exciting new upgrade,
in tandem with our recently released Lucyd app which made our
eyewear the first to be ChatGPT-enabled, further expands the tech
advantages of Lucyd Eyewear over competing products."
About Innovative Eyewear, Inc.
Innovative Eyewear is a developer of cutting-edge ChatGPT
enabled 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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NRANKDBDABKDNON
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August 01, 2023 02:00 ET (06:00 GMT)
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