RCS - Tekcapital plc - Portfolio Company Update - Innovative Eyewear

TekcapitalAnnouncement

04/11/2025 07:00

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RNS Number : 0034G  Tekcapital plc  04 November 2025

    4 November 2025

Tekcapital Plc

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

Innovative Eyewear, Inc. Announces

New Lucyd Armor ChatGPT-enabled Smart Safety Glasses

 

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, is pleased to announce the
launch of four new models of its popular Lucyd Armor smart safety glasses.
Lucyd Armor is the Company's top selling smart eyewear since its introduction
in October 2024, adding powerful AI and Bluetooth® utility to comfortable,
stylish and prescription-ready safety glasses.

Innovate Eyewear believe the four new variants expand the collection to a
wider audience and build on the success of the original model with important
variations in lens functionality and sizing. All of the new models are
prescription adaptable. The new versions include:

·    Lucyd Armor Green Mirror - A new polarized sunglass version with a
chic and protective green flash mirror lens, ideal for outdoor workers.
Available now on Lucyd.co.

·    Lucyd Armor Black - A polarized, solid black sunglass ideal for
protective outdoor use, and makes a bold fashion statement. Available now on
Lucyd.co.

·    Lucyd Armor Slim - A new small size of the base model, designed for
women, young adults and men with narrow faces. Available now on Lucyd.co

·    Lucyd Armor Vantage - A new profile for Armor with more eye coverage,
and expanded compatibility for strong prescriptions. Includes a photochromic
lens like the base model. Launches Q1 2026.

The Armor Slim model has recently received ANSI certification, enabling it to
be sold in the US for safety applications. Lucyd Armor is now available for
purchase in the United States, Canada, and European Union markets, with all
necessary safety certifications including ANSI Z87.1+, CSA Z94.3, and EN
16639:2018.

Additionally, the Innovated Eyewear is pleased to report it has received a
notice of allowance of its Mexican Patent Application MX/f/2024/002575,
entitled Safety Eyewear.

Finally, in a new key account development, a top-five global logistics company
has placed an initial order for Lucyd Armor. They are intending to use Armor
to support team connectivity with the Lucyd app's Walkie feature for
smartglasses.

 

Harrison Gross, CEO of Innovative Eyewear, said:

"Upgrading to Lucyd Armor from regular safety glasses is like switching from a
screwdriver to a power drill. This is truly a transformative product for
anyone who works in outdoor, high-impact or safety-first environments. We
believe that it's safer and more ergonomic than handheld communication
devices, or in-ear earbuds, both for handsfree team communications, and access
to AI systems. We are already hearing across hundreds of reviews how Lucyd
Armor has improved the game for so many workers. We encourage everyone who is
required to use safety eyewear to Upgrade Your Eyewear(®) with Lucyd Armor."

 

Lucyd Armor® sets the standard for connected safety eyewear in the workplace.

 Image courtesy Innovative Eyewear, Inc.

 

Lucyd Armor® upgrades PPE for industrial, logistics and security workers.

Image courtesy Innovative Eyewear, Inc.

 

The safety eyewear market in North America and Europe is rapidly growing and
was estimated to be worth more than $2.5bn in 2024. 1 (, 2 )

 

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 and
safety 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 Armor collection. 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."

 

 1 
https://www.credenceresearch.com/report/north-america-safety-eyewear-market?utm_source=chatgpt.com

 2 
https://www.grandviewresearch.com/horizon/outlook/safety-eyewear-market/europe?utm_source=chatgpt.com
(https://www.grandviewresearch.com/horizon/outlook/safety-eyewear-market/europe?utm_source=chatgpt.com)

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