RCS - Tekcapital plc - Innovative Eyewear Global Licensing Agreement

TekcapitalAnnouncement

29/12/2022 07:00

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RNS Number : 1254L  Tekcapital plc  29 December 2022

 

29 Dec 2022

Tekcapital Plc

("Tekcapital", the "Company" or the "Group")

Innovative Eyewear, Inc. Announces Multi-Year, Global Licensing Agreement with
Authentic Brands Group for Eddie Bauer® Smart Eyewear

 

Tekcapital Plc (AIM: TEK, OTCQB: TEKCF), the UK intellectual property
investment group notes that Innovative Eyewear, Inc. ("Innovative Eyewear")
(NASDAQ: LUCY; LUCYW), the developer and retailer of smart eyewear under the
Lucyd® and Nautica® brands, has announced that through an agreement with
Authentic Brands Group (Authentic), it has licensed the iconic outdoor brand
Eddie Bauer® for smart eyewear.

 

"We are pleased to partner with Lucyd to expand Eddie Bauer's eyewear
offering," said Henry Stupp, President, Lifestyle EMEA-India at Authentic.
"Eddie Bauer is known for delivering innovation across all of its product
categories. Through Lucyd's Bluetooth technology, we reinforce the brand's
standards in this emerging category."

Eddie Bauer is rooted in its commitment to research and invention, beginning
with the creation of the first-ever quilted goose-down insulated jacket in
1942. Throughout the brand's history, Eddie Bauer has registered dozens of
patents on various outdoor clothing construction and sporting equipment.

"Few names are as renowned as Eddie Bauer in outdoor recreation," says
Harrison Gross, CEO of Innovative Eyewear, Inc. "Our Eddie Bauer smart eyewear
collection, powered by Lucyd, will continue Eddie Bauer's legacy of bold and
beautiful craftsmanship, coupled with innovation, and will align perfectly
with today's adventurous lifestyles. We believe outdoor enthusiasts are
looking for designer eyewear that both protects their vision and allows them
to remain connected to their digital lives in an open-ear, handsfree format."

The Eddie Bauer smart eyewear collection is expected to launch in 2023.

About Innovative Eyewear, Inc.

Innovative Eyewear is a developer and retailer of cutting-edge smart eyewear,
under the Lucyd(®), Nautica(®) & Eddie Bauer(®) 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 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 products are available at eddiebauer.com and more than
200 stores in the U.S., Canada, Germany, Japan, and other international
markets. To learn more please visit www.eddiebauer.com
(http://www.eddiebauer.com) .

 

About Authentic Brands Group

Authentic Brands Group (Authentic) is a global brand development, marketing
and entertainment platform, which owns a portfolio of more than 40 iconic and
world-renowned Lifestyle, Entertainment and Media brands. Headquartered in New
York City, with offices around the world, Authentic connects strong brands
with best-in-class partners and a global network of operators, distributors
and retailers to build long-term value in the marketplace. Its brands have an
expansive retail footprint, including more than 9,100-plus freestanding stores
and shop-in-shops in more than 150 countries and generate approximately $23
billion in global annual retail sales.

 

Authentic is committed to transforming brands by delivering powerful
storytelling, compelling content, innovative business models and immersive
experiences. It creates and activates original marketing strategies to drive
the success of its brands across all consumer touchpoints, platforms and
emerging media. Authentic's brand portfolio includes Marilyn Monroe®, Elvis
Presley®, Muhammad Ali®, Shaquille O'Neal®, David Beckham®, Dr. J®, Greg
Norman®, Neil Lane®, Thalia®, Sports Illustrated®, Reebok®, Eddie
Bauer®, Spyder®, Volcom®, Airwalk®, Nautica®, Izod®, Brooks Brothers®,
Barneys New York®, Judith Leiber®, Ted Baker®, Hervé Léger®, Frye®,
Juicy Couture®, Vince Camuto®, Lucky Brand®, Aéropostale®, Forever 21®,
Nine West®, Jones New York®, Tretorn®, Prince®, Van Heusen®, Arrow®,
Hickey Freeman®, Hart Schaffner Marx® and Thomasville®.

 

For more information, visit authentic.com (http://authenticbrands.com) .

Follow Authentic on LinkedIn (https://www.linkedin.com/company/abg_nyc) ,
(https://twitter.com/authenticbrands?lang=en) Instagram
(https://www.instagram.com/weareauthentic/) and Twitter
(https://twitter.com/authenticbrands?lang=en) .

 

Tekcapital currently owns 5,189,086 shares (approximately 71%) of Innovative
Eyewear, Inc.

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 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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