TIDMTEK
RNS Number : 3993D
Tekcapital plc
28 October 2020
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.
28 October 2020
("Tekcapital", the "Company" or "the Group")
Portfolio Company Update: Lucyd, Ltd
Lucyd Receives Notice of Allowance for IOT Utility Patent &
13 Design Patents
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
portfolio company Lucyd Ltd, ("Lucyd") the developer of E-glasses
and operator of an eShop for advanced eyewear, announces new
updates to its intellectual property position.
The USPTO has issued a notice of allowance for Lucyd's utility
patent #16/022,097 entitled, "Smartglasses and Methods and Systems
for Using Artificial Intelligence to Control Mobile Devices Used
for Displaying and Presenting Tasks and Applications and Enhancing
Presentation and Display of Augmented Reality Information."
This "Link" patent covers the functionality of a mobile app
which Lucyd has in development to support its wearable ecosystem.
The app will provide for the prioritization of various Bluetooth
devices, allowing for finer user control of connections to their
main device. Additionally, the app will also provide a user control
panel for managing the flow of information across connected
devices, particularly control inputs and data outputs, when
performing specific tasks or using specific apps. The app will also
provide user control over key mappings of wearables connected to
their main device, such as changing the function of the action
buttons on Lucyd eyewear when using certain apps.
In addition to this utility patent allowance, Lucyd was granted
13 smartglass design patents (D899,493, D900,203. D899,494,
D899,495, D899,496, D900,204, D900,205, D900,920, D900,206,
D899,497, D899,498, D899,499 and D899,500), covering a range of
smart eyewear styles. Lucyd has a total of 24 patent applications
and allowances, including two additional pending utility patents
and eight pending design patents.
Lucyd has established an IP moat in the E-glass space, which has
enabled the company to produce what they believe is one of the
first pairs of smart prescription eyewear with the ergonomic
features to facilitate mass market adoption and all-day comfort.
Lucyd calls this upcoming product "Lucyd Lyte" E-glasses, with the
new E-glasses term denoting a form factor and functionality that
meets all the requirements of prescription eyewear, while
surpassing them with useful electronic features. Click here to see
Richard Sherman, Lucyd brand ambassador and American football star,
sporting the new Lucyd Lyte.
"Our growing IP position has helped Lucyd produce E-glasses,
arguably the most important wearable, with the ergonomic features
necessary for all day comfort, prescription compatibility, and
fashionable design. Additionally, we believe the LINK patent
provides Lucyd with a strong IP entry in the wearables space, with
significant claims at the centre of the IOT ("Internet of Things"),
Bluetooth(R) and wearable device ecosystem." said Harrison Gross,
CEO of Lucyd.
About Lucyd
The mission of Lucyd is to Upgrade Your Eyewear(R) . Lucyd
develops designer, prescription-ready, tech-enhanced glasses, that
allow the wearer to correct their vision while remaining safely
connected to their digital life. To learn more, please visit
Lucyd's eShop for innovative eyewear https://lucyd.co . Innovative
Eyewear Inc, is the exclusive licensee of Lucyd, Ltd.
Tekcapital owns 100% of the share capital of Lucyd Ltd.
About Tekcapital plc
Tekcapital creates value from investing in new,
university-developed intellectual properties and provides a range
of IP investment services to make it easy for organisations to
commercialise university-developed technology. Tekcapital is quoted
on the AIM market of the London Stock Exchange (AIM: symbol TEK)
and is headquartered in the UK. For more information, please visit
www.tekcapital.com
LEI: 213800GOJTOV19FIFZ85
For further information, please contact:
Tekcapital Plc Via Flagstaff IR
Clifford M. Gross, Ph.D.
SP Angel Corporate Finance LLP
(Nominated Adviser and Joint Broker) +44 (0) 20 3470 0470
Richard Morrison / Charlie Bouverat (Corporate
Finance)
Abigail Wayne (Corporate Broking)
Flagstaff Strategic and Investor Communications +44 (0)207 129 1474
Tim Thompson/Andrea Seymour/Fergus Mellon
This press release is for informational purposes only. The
information herein does not constitute investment advice nor an
offer to invest and may contain statements related to our future
business and financial performance and future events or
developments involving Lucyd or Tekcapital that may constitute
forward-looking statements. These statements may be identified by
words such as "expect," "look forward to," "anticipate" "intend,"
"plan," "believe," "seek," "estimate," "will," "project" or words
of similar meaning. We may also make forward-looking statements in
other reports, in presentations, in material delivered to
customers, stakeholders and in press releases. In addition, our
representatives may from time to time make oral forward-looking
statements. Such statements may be based on the current
expectations and certain assumptions of Tekcapital or Lucyd's
management. Please note that these are subject to a number of
risks, uncertainties and factors, including, but not limited to
those described in various disclosures. Should one or more of these
risks or uncertainties materialize, or should underlying
expectations not occur or assumptions prove incorrect, actual
results, performance or achievements of Lucyd and/or Tekcapital may
vary materially from those described explicitly or implicitly in
the relevant forward-looking statement. Neither Lucyd nor
Tekcapital intends, nor assumes any obligation, to update or revise
these forward-looking statements in light of developments which
differ from those anticipated.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCFZMZGRNVGGZM
(END) Dow Jones Newswires
October 28, 2020 03:00 ET (07:00 GMT)
Tekcapital (LSE:TEK)
Historical Stock Chart
From Apr 2024 to May 2024
Tekcapital (LSE:TEK)
Historical Stock Chart
From May 2023 to May 2024