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RCS - Tekcapital plc - Innovative Eyewear Distribution Partnership

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RNS Number : 8759K  Tekcapital plc  17 April 2024

17 April 2024

Tekcapital Plc

("Tekcapital")

Innovative Eyewear, Inc. Signs Distribution Partnership

with Windsor Eyes, Inc. ("Windsor Eyes")

 

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
a new partnership with Windsor Eyes, a leading eyewear manufacturing and
distribution firm.

 

The partnership aims to forge a robust collaboration between Innovative
Eyewear's unique, cutting-edge smart eyewear products and Windsor Eyes'
well-established distribution network within the optical retail sector.
Together, Innovative and Windsor intend to work closely to ensure extensive
distribution of smart eyewear across the United States, targeting key large
optical retail outlets.

 

Nautica smart eyewear

Photo courtesy of Innovative Eyewear Inc.

 

Harrison Gross, CEO of Innovative Eyewear said,

"We are very pleased to announce our new partners at Windsor Eyes. We believe
our proprietary smart frame technology, coupled with their decades of
experience in the optical market, will be a powerful partnership that can
potentially put smart eyewear in the hands of consumers throughout the U.S."

 

Ken Kitnick, President of Windsor Eyes said,

"We firmly believe that the era of smart eyewear going mainstream is upon us,
and Innovative Eyewear has been at the forefront of this movement with their
commitment to innovation, quality, and versatility. We are thrilled to
collaborate with them to bring their groundbreaking smart eyewear to our major
retail partners, ensuring widespread availability at leading optical points of
sale across the United States."

 

 

 

About Innovative Eyewear, Inc.

Innovative Eyewear is a developer and retailer of cutting-edge smart eyewear,
under the Lucyd®, Nautica® Eddie Bauer® ad 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) .

 

About Windsor Eyes, Inc.

Over the past 50 years, Windsor has become a leading manufacturer and supplier
of fashion eyewear under the Bruno Magli, Sanctuary, Pier Martino, Adolfo,
Eyecroxx, as well as private label options. Windsor Eyes products are
distributed nationwide in leading optical chains and prominent optical shops.
To learn more please visit www.windsoreyes.com (http://www.windsoreyes.com) .

 

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                                                +44 (0) 20 3470 0470

                             Nominated Adviser and Broker
                             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
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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