Tekcapital shares ticked higher on Tuesday after announcing their portfolio company Innovative Eyewear will launch Nautica branded ChatGPT-enabled Smart Eyewear in January.
The launch of Nautica-licensed smart eyewear is one of three licensing agreements with leading global lifestyle brands, including Reebok and Eddie Bauer.
Nautica will launch a line of smart eyewear with eight styles of sunglasses, two of which will also come with blue-light filtering lenses for indoor use.
All of the frames will be compatible with prescription lenses.
The collection marks Nautica’s first “Global Fit” frame designed for consumers with lower nose bridges, allowing for expanded availability in more regions.
Additional features include Bluetooth 5.2 for high-fidelity audio, up to 12 hours of music playback per charge, packaging made from 99% post-consumer recycled materials, patent-pending auto-adjusting hinges, and branded accessories such as a power brick, cleaning cloth and sail logo slipcase.
“Smart eyewear was once firmly in the remit of early adopters and tech enthusiasts alone. We are changing that forever by producing smart eyewear that is not only a functional Bluetooth accessory, but a fun and trendy fashion statement,” said Harrison Gross, CEO of Innovative Eyewear Inc.
“Combining our technology with the popular and storied Nautica brand is sure to delight consumers worldwide, and further advance our mission to make the future of eyewear smart. We look forward to launching the line via our optical store partners in January, as well as on Nautica.com soon after.”
Tekcapital has a 40% stake in NASDAQ-listed Innovative Eyewear.
Tekcapital shares were 5.1% higher, trading at 7.88p at the time of writing.