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18 September 2024
Tekcapital
Plc
("Tekcapital", the "Company"
or the "Group")
Innovative Eyewear to Unveil
ANSI-Certified Smart Safety Eyewear at Vision Expo
West
Tekcapital Plc (AIM: TEK), the UK
intellectual property investment group notes that Innovative
Eyewear, Inc. ("Innovative Eyewear") (NASDAQ: LUCY; LUCYW), the
developer and retailer of ChatGPT enabled smart eyewear under the
Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, has announced
the unveiling of their first American National Standards Institute
(ANSI) certified smart safety eyewear at
Vision Expo West in Las Vegas,
Nevada, September 18th-21st 2024.
This launch comes at a pivotal
moment, as the smart eyewear market has surpassed one million units
sold in the last 12 months.[1] The Armor line
represents a breakthrough in safety and technology, offering
wearers advanced eye protection as well as handsfree connectivity
and smart functionality designed for professional environments.
This product has the potential to open new commercial markets and
retail segments for Innovative Eyewear, such as logistics and
medical companies, as well as hardware retailers. The Armor will be
Innovative Eyewear's first wrap-style sunglass, which aligns well
with consumer trends, and comes standard with light-reactive,
auto-tinting lenses for flexible indoor and outdoor use. Innovative
Eyewear has pending design and utility patents covering the
product.
Lucyd Armor frames and their
shelf-ready retail packaging courtesy of Innovative Eyewear
Inc.
Harrison Gross, CEO of Innovative Eyewear Inc.,
commented:
"After two years of rigorous
development, we are very pleased to present our smart safety
eyewear to the optical industry. Along with the unveiling of our
Reebok sport smartglasses and fully adjustable Lucyd Lytes, we are
meeting our mission to add smart features to the four most popular
types of eyewear: prescription eyeglasses, ready-to-wear
sunglasses, safety glasses and sport glasses. The safety glass
market alone is expected to grow to US$4bn by 2030[2] and we believe our Lucyd Armor smart eyewear will
be well-received due to its value pricing and high
utility."
The Armor is anticipated to start
shipping to retailers and consumers in October 2024. To learn more
about our ChatGPT enabled smart eyewear, please visit www.lucyd.co
or Innovative Eyewear's Vision Expo West booth
#P19027.
About Innovative Eyewear, Inc.
Innovative Eyewear is a developer
and retailer of ChatGPT smart eyewear, under the Lucyd®,
Nautica®, Eddie Bauer® and Reebok® brands.
True to their mission to Upgrade
Your Eyewear®, their 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.
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
Tekcapital currently owns 259,455
shares of Innovative Eyewear, Inc.
For
further information, please contact:
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Tekcapital Plc
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Via Flagstaff
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Clifford M. Gross,
Ph.D.
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SP Angel Corporate Finance
LLP
(Nominated Adviser and
Broker)
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+44 (0) 20 3470
0470
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Richard Morrison/Charlie Bouverat
(Corporate Finance)/Abigail Wayne / Rob Rees (Corporate
Broking)
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Flagstaff Strategic and Investor
Communications
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+44
(0) 20 7129 1474
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Tim Thompson/Andrea Seymour/Fergus
Mellon
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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.