RCS - Tekcapital plc - Portfolio Company Update Innovative Eyewear

TekcapitalAnnouncement

07/10/2025 07:00

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RNS Number : 2680C  Tekcapital plc  07 October 2025

    7 October 2025

Tekcapital Plc

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

Innovative Eyewear Reports International Expansion at SILMO Paris 2025

Securing Key European Distribution Partners

 

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 significant
progress in its European expansion strategy following successful participation
at SILMO Paris 2025, one of the world's leading optics and eyewear trade shows
held 26-29 September 2025.

The Lucyd booth at SILMO 2025. Image courtesy Innovative Eyewear, Inc.

 

Innovative Eyewear was prominently featured in SILMO's inaugural Tech Village,
a dedicated smart eyewear and AI innovation pavilion that positioned
Innovative Eyewear alongside global technology leaders including Meta, Google,
and Snapchat.

 

Key Highlights from SILMO Paris 2025 include:

 

European Market Penetration: Secured initial orders from key European markets
including the United Kingdom, Romania, Greece, Spain, and France,
demonstrating strong pan-European demand for the Company's portfolio of smart
eyewear brands.

 

Strategic EU Distribution: Opened a new warehouse in the Netherlands enabling
VAT-free purchasing for EU businesses, significantly enhancing Lucyd's
competitive positioning and accessibility across the 27 member states.

 

Industrial Safety Certification: The Lucyd Armor® Collection, now certified
to meet EN 166 European safety standards for workplace eye protection,
attracted significant interest from industrial distributors.

 

Regional Sales Representation: Innovative Eyewear initiated discussions with
multiple sales representatives to establish dedicated representation across
various EU countries.

 

Harrison Gross, CEO of Innovative Eyewear, said:

"SILMO Paris provided an exceptional platform to showcase our market-leading
smart eyewear to European vendors and distributors. Being part of the first
Tech Village alongside the world's largest technology companies validated our
position as a pioneer in AI-enabled eyewear. The establishment of our
Netherlands distribution hub represents a critical milestone in our
international expansion strategy, enabling us to serve EU businesses more
efficiently. With initial orders already secured from five European countries
and active discussions with regional sales representatives, we're building the
infrastructure necessary to capture significant market share in Europe's
rapidly growing smart eyewear business. SILMO Paris attracted over 32,000
visitors from more than 130 countries, with 51% international attendance,
making it one of the most important global gatherings for the optical
industry. The Company's participation aligns with its strategic focus on
international expansion, particularly as smart eyewear adoption accelerates in
markets outside the United States, where pedestrian and public transit usage
create ideal use cases for open-ear audio and AI assistance."

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 SILMO Paris 2025 exhibition. 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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