Tekcapital plc Portfolio Company Update
15 October 2018 - 5:00PM
RNS Non-Regulatory
TIDMTEK
Tekcapital plc
15 October 2018
15th October 2018
Tekcapital plc
("Tekcapital" or the "Company")
Portfolio Company Update
Tekcapital plc, (AIM: TEK) the UK intellectual property
investment group focused on creating marketplace value from
university technology, announces that its wholly owned portfolio
company Lucyd ltd has formed a reseller partnership with a
Brazilian optical retailer and has conducted its first order.
This is a unique opportunity for Lucyd to expand its eyeglass
offerings into the large Brazilian market. This distributor has
purchased an initial order for 100 pairs of Lucyd Loud Bluetooth,
bone-conducting glasses, which they will be selling on their own
online eyewear store which will primarily serve Brazil, Mexico,
Colombia and Chile.
Harrison Gross, Media Lead at Lucyd said, "We are very excited
to announce signing our first distributor for our innovative
eyewear lines. We believe that that our partnership will facilitate
sales of products in Latin America and will be mutually beneficial
in the long term."
Lucyd operates an exciting eShop that develops and provides
advanced eyewear to enhance the visual experience. To learn more
please visit https://lucyd.co.
Clifford M. Gross Ph.D., Chief Executive Officer of Tekcapital
plc commented:
"We are glad to view Lucyd's continued progress as it approaches
its first anniversary since we established the Company last year.
According to Statista, the online market for eyewear will deliver
approximately $3.8b in sales in 2018. Lucyd has developed a very
competitive footprint in this market with advanced eyewear to meet
the needs of technological as well as fashion forward customers. We
believe that Lucyd's unique features and products compare favorably
with some of the most successful and respected names in the
industry."
For further information, please contact:
Tekcapital plc
Clifford M Gross, Ph.D. Via Walbrook PR
finnCap Ltd (Nominated Adviser
and Joint Broker) +44 (0) 20 7220 0500
Geoff Nash (Corporate Finance)
Max Bullen-Smith (Corporate
Finance)
Camille Gochez (ECM)
Novum Securities (Joint +44 (0) 29 7399 9427
Broker)
Colin Rowbury
Walbrook PR Ltd +44 (0) 20 7933 8780
Paul Cornelius / Nick Rome / Sam Allen tekcapital@walbrookpr.com
Tekcapital plc - The World's Largest University Network for Open
Innovation
Tekcapital's objective is to create value from investing in new,
university-developed intellectual properties. Additionally, using
its proprietary discovery search engine, linked to 4,500+
universities in 160 countries, coupled with expert scientific
review, Tekcapital provides a range of IP investment services to
make it easy for organisations to find, evaluate, acquire and
license university-developed technology. Tekcapital plc 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.
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END
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