Portfolio Company Update

RNS Number : 7736T

Tekcapital plc

25 March 2019

 

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.

25 March 2019

Tekcapital Plc

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

Portfolio Company Update

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 portfolio company Lucyd® has filed thirteen Design Patents for its new line of Lucyd Loud Eyewear.

Lucyd expects these new glasses to be available late in Q2 of 2019. These new frames will provide fashion-forward designs coupled with Bluetooth features, proper corrective lenses, all day battery life, and will be available worldwide.

Harrison Gross, Media Lead and Co-founder at Lucyd said,

"We are pleased to announce the filing of additional intellectual property to cover the expansion of our line of Lucyd Loud smartglasses. We are very excited about the forthcoming launch in Q2. We believe Lucyd Loud is the first entry into the smartglass market that is suitable for mass adoption, as a result of its affordable price point, attractive design, prescription availability and high utility."

About Lucyd

Lucyd operates an innovative eShop that provides advanced eyewear to enhance the visual experience. To learn more, please visit https://lucyd.co.

Dr Clifford Gross, Chairman at Tekcapital commented: "We are delighted to see the progress of Lucyd with their filing of additional IP to cover their forthcoming Loud smart eyewear line, the recent appointment of American football star Richard Sherman as brand ambassador, as well as the latest enhancements to their website."  

For further information, please contact:

Tekcapital Plc	Via Yellow Jersey PR
Clifford M. Gross, Ph.D.
finnCap Ltd (Nominated Adviser and Joint Broker)	[phone]
Geoff Nash/ Max Bullen-Smith (Corporate Finance)
Camille Gochez (ECM)
Novum Securities Limited (Joint Broker)	[phone]
Colin Rowbury (Corporate Broking)
Yellow Jersey Limited	[phone]
Tim Thompson / Annabel Atkins	[e-mail]

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

 

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