26
April 2024
Tekcapital Plc
("Tekcapital")
Innovative Eyewear, Inc. Partners with New
Look Vision Group
to Provide Smart Eyewear in Canada
Tekcapital Plc (AIM: TEK), the UK
intellectual property investment group notes that Innovative
Eyewear, Inc. ("Innovative Eyewear" or "Innovative") (NASDAQ: LUCY;
LUCYW), the developer of ChatGPT enabled smart eyewear under the
Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, is pleased to
announce that Lucyd smart frames are now available at
NewLook.ca and in ten select New Look stores in Quebec. New Look is a
leading eyewear retailer with over 450 stores in the US and
Canada.
Harrison Gross, CEO of Innovative Eyewear
said:
"We are thrilled to introduce
our frames to Canadian eyeglass customers on the market-defining
New Look website as well as in several of their beautiful stores in
Montreal. When you enter a New Look store, you know you are in for
an eyewear experience like no other. This is clear from the moment
you meet their incredible staff, expansive selection of quality
frames, and attention to detail in both their online and in-store
experiences. We look forward to introducing their clientele to our
innovative and unique smart frames."
Michael Tovey, SVP of Frames and Product Development for New
Look Vision Group said:
"The integration of eyewear with
smart technology is something that our group has become
increasingly interested in over the past few years. With these
frames from Lucyd, we are able to offer a product that is
technologically advanced, well-designed, and
well-priced."
New Look was recently named as one
of Canada's Best Managed Companies and received an Excellence in
Retailing award in 2023. Shop Lucyd Eyewear at New Look by
visiting
here.
About New Look Vision Group Inc.
New Look Vision Group is the largest
optical group in the eye care industry in Canada and has been
rapidly expanding in the United States since its acquisition of
Edward Beiner in March 2020, its partnership with Black Optical in
2021, and the acquisition of LOH in December 2021. New Look Vision
Group has a network of 489 locations operating mainly under the
Iris, New Look Eyewear, Vogue Optical, Greiche & Scaff and
Edward Beiner banners and a laboratory facility using
state-of-the-art technologies. For additional information please
visit www.newlookvision.ca.
Image
courtesy of New Look Vision Group
About Innovative Eyewear, Inc.
Innovative Eyewear is a developer
and retailer of cutting-edge smart eyewear, under the Lucyd®,
Nautica®, Eddie Bauer® and Reebok brands. True to our mission to
Upgrade Your Eyewear®, 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%).
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.