RCS - Tekcapital plc - Innovative Eyewear Canadian Partnership

TekcapitalAnnouncement

26/04/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240426:nRSZ1070Ma&default-theme=true

RNS Number : 1070M  Tekcapital plc  26 April 2024

 
 
 
              26 April 2024

Tekcapital Plc

("Tekcapital")

Innovative Eyewear, Inc. Partners with New Look Vision Group

to Provide Smart Eyewear in Canada

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
that Lucyd smart frames are now available at NewLook.ca
(https://newlookvision.ca/en/) and in ten select New Look stores in Quebec.
New Look is a leading eyewear retailer with over 450 stores in the US and
Canada.

Harrison Gross, CEO of Innovative Eyewear said:

 "We are thrilled to introduce our frames to Canadian eyeglass customers on
the market-defining New Look website as well as in several of their beautiful
stores in Montreal. When you enter a New Look store, you know you are in for
an eyewear experience like no other. This is clear from the moment you meet
their incredible staff, expansive selection of quality frames, and attention
to detail in both their online and in-store experiences. We look forward to
introducing their clientele to our innovative and unique smart frames."

Michael Tovey, SVP of Frames and Product Development for New Look Vision Group
said:

"The integration of eyewear with smart technology is something that our group
has become increasingly interested in over the past few years. With these
frames from Lucyd, we are able to offer a product that is technologically
advanced, well-designed, and well-priced."

New Look was recently named as one of Canada's Best Managed Companies and
received an Excellence in Retailing award in 2023. Shop Lucyd Eyewear at New
Look by visiting here
(https://www.newlook.ca/search?q=lucyd&options%5Bprefix%5D=last&type=product%2Carticle%2Cpage)
.

About New Look Vision Group Inc.

New Look Vision Group is the largest optical group in the eye care industry in
Canada and has been rapidly expanding in the United States since its
acquisition of Edward Beiner in March 2020, its partnership with Black Optical
in 2021, and the acquisition of LOH in December 2021. New Look Vision Group
has a network of 489 locations operating mainly under the Iris, New Look
Eyewear, Vogue Optical, Greiche & Scaff and Edward Beiner banners and a
laboratory facility using state-of-the-art technologies. For additional
information please visit www.newlookvision.ca (http://www.newlookvision.ca) .

Image courtesy of New Look Vision Group

About Innovative Eyewear, Inc.

Innovative Eyewear is a developer and retailer of cutting-edge smart eyewear,
under the Lucyd®, Nautica®, Eddie Bauer® and 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 and explore our continuously evolving collection of
smart eyewear, please visit www.lucyd.co (http://www.lucyd.co) .

Tekcapital currently owns 5,189,086 shares of Innovative Eyewear, Inc.
(approximately 40%).

 

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.

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRASEMFMIELSEFL