— 18 September 2024 Tekcapital Plc (“Tekcapital”, the “Company” or the “Group”) Innovative Eyewear to Unveil ANSI-Certified Smart Safety Eyewear at Vision Expo West Tekcapital Plc (AIM: TEK), the UK intellectual property investment group notes that Innovative Eyewear, Inc. (“Innovative Eyewear”) (NASDAQ: LUCY; LUCYW), the developer and retailer of ChatGPT enabled smart eyewear under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, has announced the unveiling of their first American National Standards Institute (ANSI) certified smart safety eyewear at Vision Expo West in Las Vegas, Nevada, September 18th-21st 2024. This launch comes at a pivotal moment, as the smart eyewear market has surpassed one million units sold in the last 12 months.[1] The Armor line represents a breakthrough in safety and technology, offering wearers advanced eye protection as well as handsfree connectivity and smart functionality designed for professional environments. This product has the potential to open new commercial markets and retail segments for Innovative Eyewear, such as logistics and medical companies, as well as hardware retailers. The Armor will be Innovative Eyewear’s first wrap-style sunglass, which aligns well with consumer trends, and comes standard with light-reactive, auto-tinting lenses for flexible indoor and outdoor use. Innovative Eyewear has pending design and utility patents covering the product.
Lucyd, a brand known for its stylish and affordable eyewear, has partnered with Innovative Eyewear Inc. to create a new line of frames called “Armor.” These frames are designed to be both stylish and functional, offering protection from the elements and everyday wear and tear. The “Armor” line features a unique design that incorporates a protective polycarbonate shell, a durable frame material, and a comfortable fit.
The Armor, a ChatGPT-enabled smart eyewear product from Innovative Eyewear, is set to launch in October 2024. This innovative product combines the power of ChatGPT with the convenience of smart eyewear, offering users a seamless and intuitive experience. The Armor is designed to be a versatile tool for various tasks, including communication, information access, and entertainment.
* **Technology Transfer:** Tekcapital facilitates the commercialisation of new technologies through a range of services, including licensing, joint ventures, and strategic partnerships. * **Investment in Innovation:** Tekcapital invests in promising new discoveries from universities and research institutions, providing funding and support to accelerate their development. * **Intellectual Property Protection:** Tekcapital assists in securing intellectual property rights for its investments, safeguarding their value and ensuring their commercial viability.
Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from the statements made. ## Forward-Looking Statements: Understanding the Risks
This press release is designed to inform investors and stakeholders about Innovative Eyewear, Inc., Lucyd, and Tekcapital. However, it is crucial to understand that the information presented might not be comprehensive and could contain forward-looking statements.
