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The information contained within
this announcement is deemed by the Company (Companies House
registration number 08873361) 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.
29 August 2024
Tekcapital
Plc
("Tekcapital", the "Company"
or the "Group")
Lucyd ChatGPT Smart Eyewear
Now Available on Target.com
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
its Lucyd Lyte frames are now available on Target.com.
In a major move to increase its U.S.
market presence, Innovative Eyewear's cutting-edge smart eyewear
collection, namely products from its Lucyd® brand, are now
available on Target.com. This new assortment with one of the
largest retailers in the United States represents a significant
opportunity to bring the Company's innovative products to millions
of potential customers nationwide.
We believe the launch on Target.com
underscores Innovative Eyewear's commitment to making smart eyewear
accessible to everyone, further solidifying Innovative Eyewear's
position as a leader in the emerging smart eyewear
industry.
![A person wearing sunglasses and a black shirt Description automatically generated](https://dw6uz0omxro53.cloudfront.net/3153901/c98afc38-86d4-4087-9425-1b37f3d0618f.jpg)
Emmanuel
Ogbah, Linebacker of the Miami Dolphins & Lucyd Brand
Ambassador
Sporting the Jupiter XL Frame Available on
Target.com
Image Courtesy of
Innovative Eyewear, Inc.
Harrison Gross, CEO of Innovative Eyewear Inc.,
commented:
"Target is a long-time favourite
retailer of mine, as well as millions of loyal customers in the US.
Their focus on product quality, style and accessibility makes
Target.com an ideal channel partner for our smart frames. We look
forward to upgrading Target guests' eyewear."
View the Lucyd collection on Target.com.
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:
Tekcapital Plc
|
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Via Flagstaff
|
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)
|
|
|
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.