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RNS Number : 6800Y  Tekcapital plc  10 September 2025

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    10 September 2025

Tekcapital Plc

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

Innovative Eyewear, Inc. Announces

New Translation Feature 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 manufacturer of smart eyewear under the Lucyd(®), Lucyd Armor(TM),
Reebok(®), Eddie Bauer(®) and Nautica(®) brands, has announced a powerful
new translation feature update to the Company's Lucyd app for iOS and Android.

Innovative Eyewear believe the new translation feature is a strong addition to
the app, that adds fluid, voice-based translations for users of Lucyd eyewear
and other hearables. Translation is an often-cited use case for wearables,
particularly useful for travel applications, and Innovative Eyewear  believe
it provides incredible new utility for Lucyd eyewear users. The feature is in
open beta, available to all users on the latest version of the app. A full
release with expanded device compatibility is anticipated in the next month.

Key features of the update include:

 

·    Translate between 17 languages in real time, including Chinese,
Japanese and Arabic.

·    Streamlined and flexible interface allows user to speak and hear
their preferred language on Lucyd eyewear or their phone, while the other
person speaks to and hears the phone in their preferred language.

·    The app automatically speaks and displays translated phrases, so
users can hear or read translations.

·    No cumbersome typing, just pick your languages and start conversing.

·    The user can rapidly switch between languages, with only a one-time
brief load for languages to be downloaded when first used.

·    The app uses native device language models for smooth rendering of
voice input with no typing needed. Other translation apps often require typing
for accurate non-English language inputs, while the Lucyd app runs well on:

·    voice alone thanks to the use of device-based languages.

·    Once languages are downloaded, the translation function can be used
completely offline, making it ideal for travel even in areas with no
reception.

 

Harrison Gross, CEO of Innovative Eyewear, said:

 

 "The Lucyd app is a vital tool for introducing new features to complement
our smart eyewear releases, as well as providing valuable services to other
Bluetooth device users who have not yet switched to Lucyd. In addition to
bridging our users to the powerful ChatGPT AI via Siri and Bixby, the app has
introduced other critical features such as Walkie. Now, with Lucyd Translate,
our glasses become an incredible ally for travels abroad, and for speaking
with colleagues across language barriers-even when missing an internet
connection. Translation is an often-cited "killer app" for wearable products,
and we are pleased to offer a refined, smart eyewear approach to this
important feature. I highly encourage everyone to download the Lucyd app and
use it to facilitate your next cross-language conversation."

 

In advance of any significant marketing effort, the Lucyd app has been
downloaded over 18,000 times. A paid Pro version of the app allows users to
subscribe for US$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. At launch, Lucyd Translate is fully free
for all users with no limit. The Company plans to make unlimited translations
an additional incentive for our Pro app subscribers.

 

To see the Lucyd app in action or download it, visit Lucyd.co
(https://lucyd.co/pages/lucyd-app) or search "Lucyd" in the App Store or
Google Play Store.

 

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 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. 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 the Company'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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