TEK Tekcapital Plc

TIDMTEK

RNS Number : 3207G

Tekcapital plc

01 March 2018

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

1 March 2018

Tekcapital plc

("Tekcapital" or the "Company")

Update on Lucyd pte ltd Blockchain Token Generation Event

Tekcapital plc (AIM: TEK), the UK intellectual property (IP) investment group focused on creating marketplace value from university technology, is pleased to announce that Lucyd pte ltd ("Lucyd") has received approximately US$6.1m in contributions from its blockchain token generation event ("TGE"). Lucyd pte ltd is a subsidiary of Lucyd ltd, a Tekcapital portfolio company of which it owns 100%.

Lucyd pte ltd was established by Tekcapital in September 2017 to develop ergonomic, augmented reality (AR) smartglasses and a blockchain app store to power them. The proceeds from the TGE will be used to advance Lucyd's business plan and provide it with additional working capital. To help achieve its goal, Lucyd has formed strategic alliances with more than 10 companies to develop AR and security software for the smartglasses they are seeking to develop. To learn more about Lucyd, please visit its website at www.lucyd.co.

For further information, please contact:

 
 Tekcapital Plc                        Via Walbrook PR 
 Clifford M. Gross, Ph.D. 
 
 Allenby Capital Limited (Nominated 
  Adviser & Joint Broker)              +44 (0) 20 3328 5656 
 Jeremy Porter / Alex Brearley 
 
 Dowgate Capital Stockbrokers 
  (Joint Broker)                       +44 (0) 1293 517744 
 David Poutney / James Serjeant 
 
 Walbrook PR Ltd                       +44 (0) 20 7933 8780 
 Paul Cornelius / Helen Cresswell      tekcapital@walbrookpr.com 
  / Sam Allen 
 

Tekcapital plc - The World's Largest University Network for Open Innovation

Tekcapital's objective is to create value from investing in new, university-developed intellectual properties. Additionally, using its proprietary discovery search engine, linked to 4,500+ universities in 160 countries, coupled with expert scientific review, Tekcapital provides a range of IP investment services to make it easy for organisations to find, evaluate and acquire university-developed technology. Tekcapital plc is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in Oxford, in the UK. For more information, please visit www.tekcapital.com

LEI: 213800GOJTOV19FIFZ85

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The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

March 01, 2018 02:02 ET (07:02 GMT)

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