RCS - Tekcapital plc - Innovative Eyewear Patent Applications

TekcapitalAnnouncement

11/01/2024 07:00

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RNS Number : 3203Z  Tekcapital plc  11 January 2024

11 January 2024

Tekcapital Plc

("Tekcapital")

Innovative Eyewear, Inc. Receives Notice of Allowance

for Fourteen Patent Applications

 

Tekcapital Plc (AIM: TEK), the UK intellectual property investment group
announces that Innovative Eyewear, Inc. ("Innovative Eyewear") (NASDAQ: LUCY;
LUCYW), the developer of ChatGPT enabled smart eyewear under the Lucyd®,
Nautica®, Eddie Bauer® and Reebok® brands, is pleased to announce it has
received Notices of Allowance from the United States Patent and Trademark in
fourteen design patent applications protecting Innovative Eyewear's Lucyd Lyte
eyewear designs. Receipt of a Notice of Allowance indicates that claims in the
patent applications are patentable, and Innovative Eyewear expects the patents
to be issued after payment of the issue fees.  These design patents are
directed to Innovative Eyewear's front plate and temple designs.

 

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

 "We are thrilled to receive these additional Notices of Allowance. This
underscores our mission to upgrade the world's eyewear whilst developing a
strong intellectual property position to protect our unique smart eyewear
designs and innovations, which now includes 109 licensed and owned patents
including 20 patent applications."

 

The Company's products include the world's first smart eyewear powered with
ChatGPT, which enables a wearer to speak any query to ChatGPT handsfree and
hear the response through the glasses.

 

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) .

 

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) .

 

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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