TIDMTEK
Tekcapital plc
03 October 2022
3 Oct 2022
Tekcapital Plc
("Tekcapital", the "Company" or the "Group")
Innovative Eyewear, Inc. Announces Multi-Year,
Global Licensing Agreement of the Nautica(R) brand for Smart
Eyewear
Tekcapital Plc (AIM: TEK, OTCQB: TEKCF), the UK intellectual
property investment group is pleased to announce Innovative
Eyewear, Inc. ("Innovative Eyewear") (NASDAQ: LUCY; LUCYW), a
developer and retailer of cutting-edge smart eyewear and a
subsidiary of portfolio company Lucyd Ltd, has licensed the global
lifestyle brand Nautica(R) for smart eyewear.
"The Nautica smart eyewear line will stay true to the brand
essence of bringing the inspiration of the sea into smart eyewear
that is modern and innovative," says Harrison Gross, CEO of
Innovative Eyewear, Inc. "Our Nautica(R) smart eyewear collection,
powered by Lucyd(R), will align perfectly with today's lifestyle,
as we believe consumers are looking for designer eyewear that
allows them to reman connected to their digital lives."
The Nautica smart eyewear collection is expected to launch for
Holiday 2022 or soon thereafter.
About Nautica(R)
Nautica is a leading global lifestyle brand for men, women, and
children, which includes home bedding collections. As a
nautical-influenced classic American sportswear brand, we inspire
and enable people to experience the joy of water. Nautica is one of
the most recognized American brands throughout the world, with over
35 categories available in more than 65 countries with 76 Nautica
stores and 291 International stores, and over 1,400 Nautica branded
shop in shops worldwide. For more information, please visit
https://www.nautica.com/.
About Innovative Eyewear, Inc.
Innovative Eyewear is a developer and retailer of smart eyewear,
which are designed to allow the users to remain connected to their
digital lives, while also offering prescription eyewear and sun
protection. The Company believes that traditional frames, no matter
how attractive, do not possess the functionality that many eyeglass
wearers need and want. Smart eyewear is a multifunctional product
that addresses the needs of the optical, hearables and digital
assistant markets. We believe that the Company's products are well
positioned in this rapidly growing wearables ecosystem, with the
mission to Upgrade Your Eyewear(R). For more information, please
visit www.lucyd.co .
Tekcapital currently owns 100% of the share capital of Lucyd Ltd
and 5,189,086 shares (approximately 71%) of its U.S. operating
subsidiary, Innovative Eyewear, Inc.
For further information, please contact:
Tekcapital Plc Via Flagstaff
Clifford M. Gross, Ph.D.
SP Angel Corporate Finance LLP
(Nominated Adviser and Broker) +44 (0) 20 3470 0470
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
About Tekcapital plc
Tekcapital creates value from investing in new,
university-developed discoveries that can enhance people's lives
and provides a range of technology transfer services to help
organisations evaluate and commercialise new technologies.
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 .
LEI: 213800GOJTOV19FIFZ85
Forward-Looking Statements
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 Innovative Eyewear, Inc., 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 Innovative Eyewear
Inc., Lucyd and/or Tekcapital may vary materially from those
described explicitly or implicitly in the relevant forward-looking
statement. Neither Innovative Eyewear Inc, 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.
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END
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October 03, 2022 02:00 ET (06:00 GMT)
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