RCS - Tekcapital plc - Portfolio Company Update - Innovative Eyewear Inc

TekcapitalAnnouncement

29/05/2025 07:00

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RNS Number : 5019K  Tekcapital plc  29 May 2025

 

 

29 May 2025

 

 

Tekcapital Plc

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

Innovative Eyewear, Inc. Announces

Exciting New Features for the Lucyd ChatGPT App

 

 

Tekcapital Plc (AIM: TEK), the UK intellectual property investment group notes
that Innovative Eyewear, Inc. ("Innovative Eyewear") (NASDAQ: LUCY; LUCYW),
the developer and retailer of ChatGPT enabled smart eyewear under the Lucyd®,
Nautica®, Eddie Bauer® and Reebok® brands is pleased to announce a powerful
new update to the Company's Lucyd app for iOS and Android.

 

The Lucyd app was the first to enable voice access to ChatGPT for smart
eyewear, and Innovative Eyewear believes these latest enhancements further
strengthen its market position in the smart eyewear sector.

 

The new updates include:

 

·           App Shopping. Both the iOS and Android versions have
received new in-app shopping experiences, complete with prescription
customization on all Lucyd eyewear. The app shopping is faster, more immersive
and more customized than our other ecommerce channels, while conveniently
synchronizing order history with our main customer account system on Lucyd.co.

 

·           New Siri Commands for Walkie. New voice prompts have
been created for the iOS app's Walkie-talkie features, which enable the user
to join and leave channels handsfree by activating Siri from the glasses. The
user can also now mute and unmute the glasses microphones while on a Walkie
channel via a Siri command. These new commands make it faster to manage
communications on the move.

 

·           Natural Voice. The iOS app's AI assistant now features
upgraded voice output, delivering more natural, human speech for a more
enjoyable AI interface.

 

·           UX Improvements. The app menus and screens have been
fine tuned and clarified on both versions.

 

 

 

The Lucyd app's new streamlined interface featuring integrated shopping with

user accounts synced with Lucyd.co. Image courtesy Innovative Eyewear, Inc.

 

In advance of any significant marketing effort, the Lucyd app has been
downloaded approximately 15,000 times. A paid Pro version of the app allows
users to subscribe for $7.99/month to raise the number of ChatGPT queries
permitted per day from 30 to unlimited and provides the ability to create
secure Walkie channels for business applications.

 

To see the Lucyd app in action or download it, visit Lucyd.co or search
"Lucyd" in the App Store or Google Play Store.

 

Harrison Gross, CEO of Innovative Eyewear said:

 "We are advancing our goal to make the Lucyd app a powerful companion to our
products, that enhances user enjoyment and product utility. While Lucyd frames
are a device-agnostic accessory that provides a valuable interface for the
majority of computing platforms, the app provides a deeper feature set for the
power user, giving them an attractive and streamlined range of smart features
to expand their Lucyd Eyewear experience. The app is also an incredible
platform enabling us to develop specific features for different segments of
the smart eyewear market, such as the Walkie feature for Lucyd Armor, and are
planned fitness utilities to complement our Reebok smart eyewear."

 

About Innovative Eyewear Inc.

Innovative Eyewear is a developer and retailer of ChatGPT smart eyewear, under
the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands. True to our mission
to Upgrade Your Eyewear®, our Bluetooth smart 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 Tekcapital plc

Tekcapital creates value from investing in new, university-developed
discoveries that can enhance people's lives. 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

Tekcapital currently owns 259,455 shares of Innovative Eyewear, Inc.
(NASDAQ: LUCY).

 

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

 

 

Forward-Looking Statements

This press release contains certain forward-looking statements, including
those relating to the Lucyd App. Forward-looking statements are based on both
Innovative Eyewear and the Company's current expectations and assumptions. The
Private Securities Litigation Reform Act of 1995 provides a safe-harbor for
forward-looking statements. These statements may be identified by the use of
forward-looking expressions, including, but not limited to, "anticipate,"
"believe," "continue," "estimate," "expect," "future," "intend," "may,"
"outlook," "plan," "potential," "predict," "project," "should," "will,"
"would" and similar expressions that predict or indicate future events or
trends or that are not statements of historical matters, but the absence of
these words does not mean that a statement is not forward-looking. These
forward-looking statements include, but are not limited to, statements
regarding the expected launch date for the new smart safety eyewear
connection. Innovative Eyewear and the Company undertakes no obligation to
publicly update any forward-looking statement, whether as a result of new
information, future events or otherwise. Important factors that could cause
actual results to differ materially from those in the forward-looking
statements are set forth in Innovative Eyewear's filings with the Securities
and Exchange Commission, including its annual report on Form 10-K under the
caption "Risk Factors."

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