Business
Portfolio Company Update: Lucyd
Portfolio Company Update: Lucyd.
About this update from Tekcapital Plc
[{"type":"text","content":"\n \nRNS Number : 0366X Tekcapital plc 17 December 2019 \n\n \nThe 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 \n17 December 2019\nTekcapital Plc\n(\"Tekcapital\", the \"Company\" or \"the Group\")\nPortfolio Company Update: \n \nLUCYD to Introduce Modular Bluetooth® Eyewear\nFiles Five Patents and a Trademark on GaaSTM \n \nTekcapital 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, the smartglass developer and operator of a global eShop for tech-enhanced eyewear, has filed five new patents and a trademark1 on its forthcoming line of Bluetooth® audio glasses. \n \nThe five patent filings cover the upcoming \"Lucyd Loox\" line of glasses, which will offer high-utility Bluetooth® features consistent with Lucyd eyewear, with a fashion-focused enhancement such as the ability for the wearer to rapidly and easily disconnect the front plate (the front of the eyeglass frame) from the electronic arms, to switch it with a different plate to change the style and/or lens functionality of the glasses with dramatically enhanced affordability. \n \nLucyd plans to produce new front plate shapes and patterns over time to accommodate a large range of personal styles, which will be significantly more cost effective than a full new pair of Bluetooth® glasses. For prescription wearers, new plates will also be available at a lower price than a full new frame, allowing customers to quickly switch between blue light blocking lenses, sunglass and other lenses according to their need. Lucyd has filed four design patents and one utility patent covering several unique hinge mechanisms and front frame combinations, that allow the front plate exchange to be done in seconds without any tools. \n \nIn addition, we believe Lucyd's intellectual property will enable their planned implementation of GaaSTM (Glasses-as-a-Service) system, where...