Innovative Eyewear, a portfolio company of Tekcapital, saw its shares fly on Friday after the release of an updated corporate presentation.
The presentation had been updated to include details of the recent agreement with Nautica, a global lifestyle brand.
Innovative Eyewear shares were 93% higher at $3.15 at the time of writing on Friday.
Innovative Eyewear and their Lucyd smart eyewear technology is targeting a $28.3 billion total addressable eye wear market with blue-tooth enabled products.
Lucyd has 44 granted and pending patents, and having recently announced an agreement with Nautica, secured a formidable partner to accelerate distribution to end users.
Despite the challenging market conditions, Innovative Eyewear completed a successful listing on the NASDAQ raising $7.4m in August.
Tekcapital, the majority shareholder of Lucyd, saw their shares rise 8% in London as a result of the move in LUCY shares.