Business
Portfolio Company Update - Innovative Eyewear Inc.
Portfolio Company Update - Innovative Eyewear Inc..
About this update from Tekcapital Plc
[{"type":"text","content":"\n\n---\n \nThis announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR. \n \n6th May 2025\nTekcapital Plc\n(\"Tekcapital\", the \"Company\" or the \"Group\")\nInnovative Eyewear Inc. Partners with Eye Recommend\na Network of 600+ Independent Optometry Stores\n \nTekcapital 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 it has partnered with Eye Recommend to provide its smart eyewear to independent optical practices across Canada.\n \n\n \nLucyd Moonbeam Model - Image courtesy of Innovative Eyewear Inc.\n \nBuying groups like Eye Recommend serve an important function in the optical industry landscape, making it easier for independent optometrists to access a large variety of frame and lens products with consolidated billing. Eye Recommend also provides continuing education training and other essential resources to eye care professionals.\n \nHarrison Gross, CEO of Innovative Eyewear said, \"I am truly pleased to partner with Eye Recommend to deliver our cutting-edge smart eyewear to patients across Canada. Together we will work to introduce smart eyewear into hundreds of optical stores, bringing them the unique blend of sight, sound and connectivity that only Lucyd Eyewear offers. Additionally, we are very excited to offer our Lucyd Armor™ smart safety glasses in more Canadian points of sale, following our recent CSA (Canadian Standards Association) safety certification for use in Canadian workplaces.\"\n \nLee Raffey, CEO at Eye Recommend, said \"At Eye Recommend, we're committed to delivering exceptional value to our members, and this partnership reflects that promise. By welcoming a forward-thinking eyewear brand into our offerings, we're empowering our practices with access to cutting-edge products that enhance patient experience and support business growth. \"\n \nAbout Innovat...