Tekcapital plc Portfolio Company Update: Lucyd (6399H)
26 3월 2020 - 4:00PM
UK Regulatory
TIDMTEK
RNS Number : 6399H
Tekcapital plc
26 March 2020
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.
26 March 2020
Tekcapital Plc
("Tekcapital", the "Company" or "the Group")
Portfolio Company Update:
LUCYD Files Patent for Voice Control App for Smartglasses
Tekcapital Plc (AIM: TEK), the UK intellectual property (IP)
investment group focused on creating marketplace value from
investing in university technology, is pleased to announce that its
wholly owned portfolio company Lucyd Ltd, the developer of
smartglasses and an eShop for advanced eyewear, has filed a new
patent and a trademark on its forthcoming Vyrb(TM) app.
Vyrb users will be able to activate a world of smartphone
actions with their voice in just moments, including social media
posting, with Vyrb's flexible and intuitive user experience. By
using the app along with Lucyd Bluetooth (R) glasses, the user can
spend less time looking at their phone, and keep more of their
focus on the real world. This is especially pressing given the rise
in pedestrian fatalities due to smartphone distraction(1) .
Lucyd is targeting release of the the app in December 2020.
Harrison Gross, CEO and Co-founder of Lucyd said: "We are
thrilled to announce our development of Vyrb, an app that can truly
improve the way we access and share information. The voice is the
easiest and most natural medium we have to interface with others
and our devices, and we believe Vyrb will be a significant
improvement to voice assistants, adding value to the billions of
them already in use," said Harrison Gross, CEO and Co-founder at
Lucyd.
Dr Clifford Gross, Executive Chairman at Tekcapital, commented:
"We are glad to see Lucyd continue its innovation in the smart
eyewear industry with its novel Vyrb(TM) app. We believe their new
app will increase the utility of Lucyd Bluetooth(R) glasses and
wireless "hearables" like Airpods(R) . It may also improve the
safety of pedestrians and cyclists by enabling them to use their
voice to create and respond to Twitter(R) and Facebook(R) posts,
while keeping their eyes on the road."
About Lucyd
The mission of Lucyd is to Upgrade Your Eyewear(R) . Lucyd is
pioneering a new market for prescription-ready, tech-enhanced
glasses, and operates an eShop for innovative eyewear. To learn
more, please visit https://lucyd.co .
About Tekcapital plc
Tekcapital creates value from investing in new,
university-developed intellectual properties and provides a range
of IP investment services to make it easy for organisations to
commercialise university-developed technology. Tekcapital 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
For further information, please contact:
Tekcapital Plc Via Flagstaff IR
Clifford M. Gross, Ph.D.
SP Angel Corporate Finance LLP (Nominated
Adviser and Joint Broker) +44 (0) 20 3470 0470
Richard Morrison / Charlie Bouverat (Corporate
Finance)
Novum Securities Limited (Joint Broker) +44 (0) 20 7399 9427
Colin Rowbury (Corporate Broking)
Flagstaff Strategic and Investor Communications +44 (0)207 129
1474
Tim Thompson/Andrea Seymour/Fergus Mellon
This press release is for informational purposes only. The
information herein does not constitute investment advice nor an
offer to invest and may contain statements related to our future
business and financial performance and future events or
developments involving Lucyd or Tekcapital that may constitute
forward-looking statements. These statements may be identified by
words such as "expect," "look forward to," "anticipate" "intend,"
"plan," "believe," "seek," "estimate," "will," "project" or words
of similar meaning. We may also make forward-looking statements in
other reports, in presentations, in material delivered to
customers, stakeholders and in press releases. In addition, our
representatives may from time to time make oral forward-looking
statements. Such statements may be based on the current
expectations and certain assumptions of Tekcapital or Lucyd's
management. Please note that these are subject to a number of
risks, uncertainties and factors, including, but not limited to
those described in various disclosures. Should one or more of these
risks or uncertainties materialize, or should underlying
expectations not occur or assumptions prove incorrect, actual
results, performance or achievements of Lucyd and/or Tekcapital may
vary materially from those described explicitly or implicitly in
the relevant forward-looking statement. Neither Lucyd nor
Tekcapital intends, nor assumes any obligation, to update or revise
these forward-looking statements in light of developments which
differ from those anticipated.
Notes:
(1)
https://www.npr.org/2019/03/28/706481382/why-pedestrian-deaths-are-at-a-30-year-high
Vryb(TM) is a pending trademark of Lucyd ltd.
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contact rns@lseg.com or visit www.rns.com.
END
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