RCS - Tekcapital plc - Innovative Eyewear Update for Android ChatGPT App

TekcapitalAnnouncement

13/12/2023 07:15

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RNS Number : 5503W  Tekcapital plc  13 December 2023

13 December 2023

Tekcapital Plc

("Tekcapital")

 

Innovative Eyewear, Inc. Announces the 2.0 Release

of its Android ChatGPT App for 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 smart eyewear under the Lucyd®, Nautica®, Eddie
Bauer® and Reebok® brands, is pleased to announce a key update to the
Company's Lucyd app for Android, the first app to enable a voice interface for
ChatGPT.

 

The launch of the 2.0 update delivers powerful new features and usability
improvements, following similar upgrades made to the iOS version earlier this
year.

 

·  A ChatGPT toolbox has been added to the app with the following
capabilities: the ability to write a paragraph of text from a voice prompt,
translate English into Spanish, synopsize long tracts of text, improve the
readability of text, generate an email with a prompt, and analyze the emotion
of text. These tools use pre-specified parameters to generate useful types of
analysis and copywriting from ChatGPT more rapidly.

·  An updated visual interface, with smoother graphics and intuitive
controls for a more user-friendly experience.

·  Textual chat responses to queries now appear in an updated stream format.

·  The voice quality of the app's text-to-speech functionality has been
improved.

·  The sharing feature has been updated to include the ability to export
ChatGPT responses to email, SMS and social apps.

·  Additionally, the app is in the final stages of approval with Google for
enabling handsfree Google Voice access to ChatGPT on Lucyd Eyewear. This final
feature of the 2.0 update is expected to go live later this month.

To see the Lucyd app in action, please watch the new video here
(https://www.youtube.com/watch?v=-6ZHXlg9l_I) .

To download the new Lucyd app for Android visit the Google Play Store
(https://play.google.com/store/apps/details?id=co.lucyd.android&pli=1) .

 

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

"We are excited to launch the new version of the Lucyd app for Android, which
powers seamless voice access to ChatGPT on Lucyd eyewear. The new
state-of-the-art interface makes the world's most popular AI language model
easier to use than ever on our glasses and while on the go. We look forward to
introducing additional features, a shop, and a pro version of the app in the
near future. We also anticipate making the app a hub for connecting to
multiple AI systems through our glasses with voice control, as outlined in our
pending utility patent on the app. We believe this will deliver more
functionality to our community and foster the development of an additional
revenue stream from users of other "hearables" that want seamless voice access
to ChatGPT."

 

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 Lyte Smart Eyewear Powered with ChatGPT

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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