RCS - Tekcapital plc - Portfolio Company Update - Innovative Eyewear

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30/05/2024 07:00

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RNS Number : 3555Q  Tekcapital plc  30 May 2024

 
 
 
               30 May 2024

Tekcapital Plc

("Tekcapital")

Innovative Eyewear, Inc. Launches Eddie Bauer® Smart Eyewear with ChatGPT

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
the launch of its the Eddie Bauer Smart Eyewear collection. This new line
includes voice access to ChatGPT and introduces the world's first rimless
smart eyewear design.

The Eddie Bauer Smart Eyewear collection will debut with four distinct styles,
all featuring polarized sunglass lenses for optimal outdoor performance. The
line showcases the first rimless smart eyewear design, seamlessly integrating
the Company's cutting-edge technology into a lightweight and minimalist
aesthetic. Powered with 100ft range Bluetooth, ultra-clear microphones and
quadrasonic speakers for music and call capabilities, each pair comes equipped
with the Company's patent-pending charging dock, ensuring effortless and
convenient recharging of the glasses and up to three other USB-charged devices
for all day adventure.

 

Photo courtesy of Innovative Eyewear, Inc.

 

Harrison Gross, CEO of Innovative Eyewear, stated:

 

"We believe the launch of our Eddie Bauer Smart Eyewear line marks a
significant milestone in our mission to push the boundaries of eyewear
innovation. By introducing the first-ever rimless smart eyewear, we believe we
are not only elevating style but also redefining the possibilities of wearable
technology. This collection exemplifies our commitment to merging fashion and
function, catering to the modern, adventurous lifestyle that Eddie Bauer
embodies. We believe this is our most premium product to-date, with a
combination of high-end finishes, tried and true frame contours and powerful
tech accessories to deliver a smartglass experience like no other."

 

Sierra McPhillips, Vice President of Brand at Authentic, stated:

 

"We are pleased to introduce Eddie Bauer's next adventure in innovation to its
audience of brand fans. Innovation is at the core of Eddie Bauer's brand
values, and we are thrilled to continue that mission through the Smart Eyewear
launch, in partnership with Innovative Eyewear."

 

With a focus on accessibility and convenience, the collection will soon be
available through various retail channels, including department stores, sports
retailers, brick-and-mortar locations, and local optical stores.

 

You can order Eddie Bauer Smart Eyewear now at https://Lucyd.co with a variety
of prescription and custom lens options.

 

About Innovative Eyewear, Inc.

 

Innovative Eyewear is a developer and retailer of cutting-edge, ChatGPT
enabled smart eyewear, under the Lucyd®, Nautica®, Eddie Bauer® &
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 about the Eddie Bauer
Powered by Lucyd Smart Eyewear collection and explore the future of eyewear
technology, please visit www.Lucyd.co (about%3Ablank) .

 

About Eddie Bauer

 

For more than 100 years, outdoor brand Eddie Bauer has been inspiring,
enabling, and empowering people to live their adventure with products that are
built to last. Their performance outerwear, apparel, footwear, accessories,
and gear are available at eddiebauer.com (about%3Ablank) and more than 260
stores in the U.S., Canada, Germany, and other international markets.

 

Follow Eddie Bauer on Instagram (about%3Ablank) , Facebook (about%3Ablank) and
Twitter (about%3Ablank) .

Tekcapital currently owns 5,189,086 shares of Innovative Eyewear, Inc.

For further information, please contact:

 Tekcapital Plc                                             Via Flagstaff IR
 Clifford M. Gross, Ph.D.

 SP Angel Corporate Finance LLP                             +44 (0) 20 3470 0470

 (Nominated Adviser and Broker)
 Richard Morrison/Charlie Bouverat (Corporate Finance)

 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
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 (http://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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