TIDMTEK
RNS Number : 6872K
Tekcapital plc
06 January 2021
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the
publication of this announcement via a Regulatory Information
Service ("RIS"), this inside information is now considered to be in
the public domain.
6 January 2021
Portfolio Company Update
Lucyd Ltd. ("Lucyd") Reaches Crowdfund Target and Launches New
Lyte(TM) E-glasses
Lucyd, the smart eyewear and wearable software developer, has
surpassed its US$400,000 crowdfund goal for its subsidiary
Innovative Eyewear Inc., and due to on-going investor interest is
continuing with the raise up to approximately US$600,000.
Additionally, the Company is excited to announce the launch of
Lucyd(R) Lyte(TM) . Lucyd Lyte ("Lyte") is tech-enhanced,
prescription eyewear for active lifestyles, that look and feel like
designer fashion frames. Lyte represents an industry leading
form-factor for tech glasses, coupled with the miniaturization of
components and extended battery life. Lyte e-glasses enable wearers
to seamlessly play music, take phone calls and chat with their
phone's assistant while maintaining situational awareness with
open-ear technology. High-gloss acetate front plates enable
stylish, clear front variants that further reduce the weight of the
frames which is important for all-day wear. Lucyd Lyte features
include:
Hi-fi Bluetooth(R) Audio
-- Connects to all Bluetooth devices, including phones, tablets, smartwatches and PCs.
-- Rapid pairing with Bluetooth 5.0 and automatic reconnection.
Automatically seeks connection when removed from charger.
-- Clear sound quality for calls, music and podcasts.
-- Open-ear audio enables simultaneous connectivity and situational awareness.
Intuitive Touch Controls
-- Two simple buttons with tactile feedback to access a number of useful smart functions.
-- Answer calls, skip tracks, adjust volume and use voice
assistants like Siri(R) by tapping your glasses.
-- Access core smartphone functions handsfree while looking up
and staying engaged with 25+ lens options.
Additional features
-- Custom lens fulfillment, including complex and difficult prescriptions, direct from Lucyd
-- IP56 Water Resistant (Splash-proof)
-- 6.5 hours of playback time, 160 hours standby Auto-off when Bluetooth disconnected
-- High-gloss acetate lens plates and arms
-- Use with smartwatch for full wearable experience
-- Featherlight fit at 1.25 oz. (wayfarer models) and 1.45 oz. (round models)
Harrison Gross, Lucyd cofounder and CEO said, "It's not just
about expanding our technology, but having the technology
seamlessly connect to ourselves. The new Lucyd Lyte collection is
style leading, comfortable to wear all day, affordable and will
work with our forthcoming Vyrb(TM) application, bringing true voice
interaction to select social media platforms."
Richard Sherman , American football star and Lucyd Brand
Ambassador stated, "I think everyone should be excited about Lucyd
because it's been a pioneer in the eyewear space; this technology's
transcendent. Lucyd is ahead of the curve."
To-date, Lucyd has sold more than 2,000 pairs of glasses and
believes that the new Lyte line has the potential for mass market
adoption due to its advanced design, designer eyeglass form-factor
and affordable pricing. Proceeds from the Crowdfund are being
utilized to develop the Lyte line and the Vyrb social media
application.
Tekcapital currently owns 100% of the share capital of Lucyd ltd
and approximately 89.7% of the share capital of its subsidiary
Innovative Eyewear, Inc.
About Lucyd and Innovative Eyewear Inc.
Lucyd's mission is to Upgrade your Eyewear(R) with advanced
ergonomic frames that are easy to use, fun to wear, and help you
stay safely connected to your digital life. The Lucyd brand is
exclusively licensed to and operated by Innovative Eyewear, Inc. To
learn more, or order Lucyd Lyte, please visit https://lucyd.co
.
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)
Flagstaff 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 intellectual properties and provides a range
of IP investment services to make it easy for organisations to
commercialise university-developed technology. 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 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 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 Lucyd and/or Tekcapital may
vary materially from those described explicitly or implicitly in
the relevant forward-looking statement. Neither 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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END
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