TIDMTEK
Tekcapital plc
11 September 2023
11 September 2023
Tekcapital Plc
("Tekcapital")
Innovative Eyewear, Inc. Announces Patent Filing
for Self-adjusting Spring Hinges for Smartglasses
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, has filed a patent on a key product innovation,
flexible spring hinges for smart eyewear.
The new patent application entitled Spring-loaded Hinges for
Smartglasses (# 18/463,465), Innovative Eyewear's 64th, covers a
proprietary component developed to enhance comfort in smart
eyewear. The addition of flexible hinges, planned for most upcoming
frames produced by Innovative Eyewear, will enhance both the
comfort and the range of fit for the frames, enabling each style to
be worn by a wider array of users. Innovative Eyewear believes
these new hinges will also increase the durability of the frames by
reducing stress points on the temples caused by extended wear.
Harrison Gross, CEO of Innovative Eyewear Inc., commented:
"The development of compact spring hinges for smart eyewear is
another positive advent in our mission to build the global standard
in the category. We believe this new component will improve the
all-day comfort and durability of our eyewear. This latest
innovation reinforces our brand promise to Upgrade your Eyewear(R).
This follows our previous innovations including the introduction of
ChatGPT in smart eyewear, the launch of Vyrb, the first social
audio app for smart eyewear, photochromic blue light lenses, an
industry-leading 12-hour battery life, some of the world's lightest
smart eyewear frames including titanium front frames, and the first
wireless dock charger for smart eyewear. We look forward to
launching the new self-adjusting hinges, starting with our Lyte 2.0
XL collection debuting in October 2023, alongside additional unique
designs, and product upgrades."
A prototype Lucyd Lyte 2.0 with the new flex hinge
Photo courtesy of Innovative Eyewear, Inc.
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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September 11, 2023 02:00 ET (06:00 GMT)
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