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RCS - Tekcapital plc - Innovative Eyewear Launches Upgraded Charging Dock

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RNS Number : 7398T  Tekcapital plc  17 November 2023

17 November 2023

Tekcapital Plc

("Tekcapital")

Innovative Eyewear, Inc. Launches Upgraded Charging Dock

for ChatGPT Enabled Smart Eyewear

 

Tekcapital Plc (AIM: TEK), the UK intellectual property investment group
announces that Innovative Eyewear, Inc. ("Innovative Eyewear") (NASDAQ: LUCY;
LUCYW), the developer of ChatGPT smart eyewear under the Lucyd®, Nautica®,
Eddie Bauer® and Reebok® brands, launched a new edition of the Company's
patent-pending Lucyd Dock ("Dock") product for its smart eyewear.

 

The Lucyd Dock is a first-of-its-kind charging accessory for smart eyewear.
Users can simply drop Lucyd Lyte eyewear on the Dock to charge, just as they
would drop traditional glasses on the nightstand or desk before bed.

 

According to Innovative Eyewear, several core improvements have been added to
the Dock 2.0, while maintaining the manufacturer's suggested retail price of
US$34.99. The new features include:

 

•     Cordlessly connects to all Lucyd Lyte models with new
auto-adjusting magnetic contacts.

•     Works with all Lucyd models including petite, medium and new XL
pairs.

•     Indicator light turns on when charging and shuts off when charging
complete.

•     Two USB-A and one USB-C charging port to simultaneously charge
your smartphone, smartwatch and other devices in addition to Lucyd Lyte.

•     USB data capability so you can use the Dock as a USB hub for your
computer - read flash drives, connect your mouse and keyboard, and more.

•     More compact and travel-friendly than the Dock 1.0.

•     New 99% post-consumer recycled packaging with 5-language product
info for global sales.

 

Harrison Gross, CEO of Innovative Eyewear Inc., commented:

"We are closer than ever to our goal of the world's most user-friendly
smartglasses with the launch of the Lucyd Dock 2.0. I am confident our
customers will enjoy using the Dock to keep their various devices charged and
their cables more neatly organized. By adding the new USB data functionality
enabling the Dock to be used as a USB hub for computers, we have made it even
more of a must-have accessory for our smart eyewear customers."

 

The new Dock, works with all models of Lucyd Lyte eyewear and is available at
www.Lucyd.co (http://www.Lucyd.co) . The new Dock will also be offered to
Innovative Eyewear's wholesale and retail distribution partners.

 

To see Lucyd Lyte and its seamless voice access to ChatGPT in action, watch
the new video (https://www.youtube.com/watch?v=dObeAawsq2g) .

 

About Innovative Eyewear, Inc.

Innovative Eyewear is a developer of cutting-edge ChatGPT enabled 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) .

 

 

 

 

 

Lucyd glasses placed on the Dock to charge

Photo courtesy of Innovative Eyewear Inc.

 

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)

 Fagstaff 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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