RCS - Tekcapital plc - Innovative Eyewear New Features for Vyrb App

TekcapitalAnnouncement

06/02/2023 07:00

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RNS Number : 9420O  Tekcapital plc  06 February 2023

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6 Feb 2023

Tekcapital Plc

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

Innovative Eyewear, Inc. Announces New Features for its Vyrb™ Social Audio
App

 

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®, Nautica® and Eddie Bauer® brands, is pleased to announce major
developments in its Vyrb social audio app, which is in open beta on iOS and
Android.

 

Vyrb is a full social media platform designed for wearables, which offers a
suite of tools for creating, sharing and enjoying audio content in a
frictionless, handsfree format. Whilst it offers a complete visual interface,
the app provides a set of unique handsfree social utilities accessed through
voice assistants like Siri®. The company has just completed a powerful new
live broadcasting feature called "On Air", which enables users to create
real-time audio chatrooms with up to 100 visitors and multiple active
speakers. The company believes this feature will be a useful tool for audio
content creators and collaborative work.

 

"Lucyd Eyewear is not simply another smartglass, it is an evolution in optical
eyewear that makes it easier than ever to create and consume audio content,"
says Innovative Eyewear CEO Harrison Gross. "We are supporting our hardware
platform with audio-focused software to enable seamless communication, content
generation and social interaction on our frames as well as other wearables.
The introduction of the On Air feature to our Vyrb app is a milestone where we
have enhanced the popular and useful real-time chat functionality found in
other social apps, by adapting it to an ecosystem purpose-built for wearable
communications. Now, Vyrb users will be able to communicate with an expansive
team and host live audio events with large audiences. After a user concludes
an On Air session, they have the option to save a recording of it on their
Vyrb profile and share to other platforms."

 

In addition to the On Air feature, Vyrb's latest release includes an audio
upload feature that allows users to port audio files they created outside of
Vyrb into the app, mix in sound effects, and share to their profile. This
feature enables content creators to quickly upload their audio content library
into Vyrb.

 

Download Vyrb™ on iOS (https://apps.apple.com/us/app/vyrb/id1561776208) /Mac
(https://apps.apple.com/us/app/vyrb/id1561776208) and Android
(https://play.google.com/store/apps/details?id=com.vyrb&hl=en&gl=US&pli=1)
to explore the beta app. Watch a video of Vyrb in action here
(https://lucyd.co/pages/vyrb) .

 

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) .

 

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, 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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