Tekcapital shares jump as Lucyd announce landmark partnership

Tekcapital shares rose in early Monday morning trade after their portfolio company Innovative Eyewear announced a smart eyewear partnership with fashion brand Nautica.

The landmark agreement will see Lucyd technology licensed to Nautica for the production of smart eyewear aimed at Nautica’s ocean faring customers.

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Nautica’s brand carries a nautical appeal, an activity Lucyd’s technology could potentially provide enormous benefits.

Lucyd’s Bluetooth enabled smart eyewear allows users to perform activities that may otherwise be a distraction, such as answering mobile phone calls.

“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,” said 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.”

Tekcapital shares were 4% higher at 19p at the time of writing.

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