Business
Portfolio Company Update:
Portfolio Company Update:.
About this update from Tekcapital Plc
[{"type":"text","content":"\n \n \n RNS Number : 6869H\n Tekcapital plc\n 26 March 2020\n \n \n \n \n \n \n \n \n \n \n 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.\n \n \n \n \n \n \n \n \n 26 March 2020\n \n \n Tekcapital Plc\n \n \n (\"Tekcapital\", the \"Company\" or \"the Group\")\n \n \n Portfolio Company Update: \n \n \n \n \n \n LUCYD Files Patent for Voice Control App for Smartglasses\n \n \n \n \n \n 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,\n the developer of smartglasses and an eShop for advanced eyewear, has filed a new patent and a trademark on its forthcoming Vyrb™ app. \n \n \n \n \n \n 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\n \n ®\n \n 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 distraction1.\n \n \n \n \n \n Lucyd is targeting release of the app in December 2020.\n \n \n \n \n \n \n Harrison Gross, CEO and Co-founder of Lucyd said: \n \n \n \"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,\" \n \n said Harrison Gross, CEO and Co-founder at Lucyd. \n \n \n \n \n \n \n Dr Clifford Gross, Executive Chairman at Tekcapital, commented:\n \n \"We are glad to see Lucyd continue its innovation in the smart eyewear industry with its novel Vyrb™ app. We believe the...