Business
Update on Lucyd Blockchain Token Generation Event
Update on Lucyd Blockchain Token Generation Event.
About this update from Tekcapital Plc
[{"type":"text","content":"\n \nRNS Number : 3207G Tekcapital plc 01 March 2018 \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.\n1 March 2018\nTekcapital plc\n(\"Tekcapital\" or the \"Company\")\n \nUpdate on Lucyd pte ltd Blockchain Token Generation Event\n \nTekcapital plc (AIM: TEK), the UK intellectual property (IP) investment group focused on creating marketplace value from university technology, is pleased to announce that Lucyd pte ltd (\"Lucyd\") has received approximately US$6.1m in contributions from its blockchain token generation event (\"TGE\"). Lucyd pte ltd is a subsidiary of Lucyd ltd, a Tekcapital portfolio company of which it owns 100%. \n \nLucyd pte ltd was established by Tekcapital in September 2017 to develop ergonomic, augmented reality (AR) smartglasses and a blockchain app store to power them. The proceeds from the TGE will be used to advance Lucyd's business plan and provide it with additional working capital. To help achieve its goal, Lucyd has formed strategic alliances with more than 10 companies to develop AR and security software for the smartglasses they are seeking to develop. To learn more about Lucyd, please visit its website at www.lucyd.co.\n \nFor further information, please contact:\n \n\n\n\n\nTekcapital Plc\n\n\nVia Walbrook PR\n\n\n\n\nClifford M. Gross, Ph.D.\n\n\n\n\n\n\n\n \n\n\n \n\n\n\n\nAllenby Capital Limited (Nominated Adviser & Joint Broker)\n\n\n+44 (0) 20 3328 5656\n\n\n\n\nJeremy Porter / Alex Brearley\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nDowgate Capital Stockbrokers (Joint Broker)\n\n\n+44 (0) 1293 517744\n\n\n\n\nDavid Poutney / James Serjeant\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nWalbrook PR Ltd\n\n\n+44 (0) 20 7933 8780\n\n\n\n\nPaul Cornelius / Helen Cresswell / Sam Allen\n\n\[email protected]\n\n\n\n\n \n \nTekcapital plc - The World's Largest University Network for Open Innovation \nTekcapital's objective is to create value from investing in new, university-developed intellectual properties. A...