NASDAQ-listed Innovative Eyewear shares jumped 13% yesterday after their smart eyewear brand Lucyd announced a strategic licensing agreement with lifestyle brand Nautica.
Innovative Eyewear shares rose 13% to $1.58 by the close on Monday.
Innovative Eyewear has licensed their Lucyd smart eyewear technology to Nautica which has a substantial activewear range. Lucyd’s bluetooth-enabled smart eyewear allows wearers to avoid the distractions associated with mobile phone use.
“The Nautica smart eyewear line will stay true to the brand essence of bringing the inspiration of the sea into smart eyewear that is modern and innovative,” says Harrison Gross, CEO of Innovative Eyewear, Inc.
“Our Nautica® smart eyewear collection, powered by Lucyd®, will align perfectly with today’s lifestyle, as we believe consumers are looking for designer eyewear that allows them to reman connected to their digital lives.”
Innovative Eyewear is a portfolio company of Tekcapital and recently completed their NASDAQ IPO, raising $7.4m.
