TIDMTEK
Tekcapital plc
12 December 2023
12 December 2023
Tekcapital Plc
("Tekcapital")
Innovative Eyewear, Inc. Launches Nautica Smart Eyewear
Under Multi-Year, Global Licensing Agreement with Authentic
Brands Group
Tekcapital Plc (AIM: TEK), the UK intellectual property
investment group announces that Innovative Eyewear, Inc.
("Innovative Eyewear") (NASDAQ: LUCY; LUCYW), the developer of
ChatGPT enabled smart eyewear, is pleased to announce through an
agreement with Authentic Brands Group ("Authentic"), the launch of
the Nautica Smart Eyewear collection.
Harrison Gross, CEO of Innovative Eyewear Inc., commented:
"Smart eyewear was once firmly in the remit of early adopters
and tech enthusiasts alone. We are changing that forever by
producing smart eyewear that is not only a functional Bluetooth
accessory, but a fun and trendy fashion statement. Combining our
technology with the popular and storied Nautica brand is sure to
delight consumers worldwide, and further advance our mission to
make the future of eyewear smart. We look forward to launching the
line via our optical store partners in January, as well as on
Nautica.com soon after."
Nautica smart eyewear will be made in eight initial sunglass
styles, with two of the styles also available with a blue
light-blocking lens for indoor use. All of the new frames will be
able to accept prescription lenses. The collection also features
Nautica's first-ever "Global Fit" frame for consumers with a low
nose bridge, which paves the way for the products to be sold in
additional regions. The line also features hi-fi Bluetooth 5.2
audio, 12 hours of music per charge, 99% post-consumer recycled
packaging, patent-pending auto-adjusting hinges, and several
branded accessories including a power brick, cleaning cloth and a
slipcase with the iconic Nautica sail logo.
Henry I. Stupp, President, Lifestyle EMEA - INDIA at Authentic
commented:
"When it comes to Nautica, we've always been dedicated to
providing consumers with style and fashion. Partnering with
Innovative Eyewear to launch Nautica Smart Eyewear allows us to
take that commitment to the next level. These smart glasses not
only reflect our brand ethos but also provide users with an
innovative and stylish way to engage with the world."
The Nautica smart eyewear line is expected to ship in January
2024.
About Nautica(R)
Drawing from the essence of the water and the currents of the
world, Nautica is a global lifestyle brand that creates style
that's iconic, yet modern and innovative in its fit, feel and
function. Nautica is one of the most recognized American brands in
the world, with over 70 categories including apparel, accessories
and a home collection for men, women and children. Nautica is
available in nearly 1,300 freestanding stores and shop-in-shops in
more than 30 countries worldwide, as well as on nautica.com.
Follow @nautica on Instagram, Facebook and Pinterest.
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 .
Photo courtesy of Innovative Eyewear Inc.
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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END
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