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12 April 2023

Tekcapital Plc

("Tekcapital", the "Company" or the "Group")

 Innovative Eyewear, Inc. Files Patent For ChatGPT Enabled Smart Eyewear

Tekcapital Plc (AIM: TEK, OTCQB: TEKCF), the UK intellectual property investment group notes that  Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (NASDAQ: LUCY; LUCYW), the developer and retailer of smart eyewear under the Lucyd®, Nautica®, and Eddie Bauer® brands, announces today that it has filed a new patent application entitled SYSTEM, APPARATUS, AND METHOD FOR USING A CHATBOT, US Patent Application number 18/189,547. 

The software system covered by the patent application focuses on one or more smart devices, which may include smart glasses, that operate with chatbots such as ChatGPT. The inventive application may provide an efficient and effective tool for obtaining a desired response drawn from one or multiple chatbots. The invention accomplishes this by using an innovative technique for choosing from and prioritizing data that may be drawn simultaneously from a number of different chatbots or AI language models. The invention allows for text, audio, and image data to be provided in response to user queries.

"We believe we are the first smart eyewear company to provide (patent-pending), artificial intelligence voice accessibility on Bluetooth-enabled eyewear. With our new Lucyd app, we are continuing to make eyewear more flexible and smarter than ever before," says Harrison Gross, CEO of Innovative Eyewear. 

The Lucyd app provides audible/spoken output of the popular ChatGPT language model, enabling more natural communication between the user and this powerful AI chatbot. The app can be used with any smartphone or hearable device to enable verbal interaction with ChatGPT, including audio glasses made by Innovative Eyewear.

The company will be showcasing its hardware and software at the eMerge tech conference in Miami, FL April 20^th-21^st and encourages interested parties to attend.

Lucyd Lyte ChatGPT-enabled smart eyewear can be purchased online, in any prescription at Lucyd.co.

Ironically, March 2023 is the 150^th anniversary of the introduction of the QWERTY keyboard and production of the Remington typewriter.

On June 23, 1868, a patent was granted to Christopher Sholes, Carlos Glidden, and Samuel W. Soule for a "Type-Writer" which was eventually developed into the Sholes and Glidden typewriter, the first device that allowed an operator to type substantially faster than a person could write by hand. The patent (U.S. patent # 79,265) was sold to Densmore and Yost, who agreed with E. Remington and Sons (then famous as a manufacturer of sewing machines) to commercialize what was known as the Sholes and Glidden Type-Writer. Remington started production of their first typewriter on March 1, 1873, in Ilion, New York. The Type-Writer introduced the QWERTY, designed by Sholes, et al.

Remington No. 1 typewriter (pictured on the right above), made by Remington & Sons, Ilion, NY, 1873-1878. This is the first Sholes & Glidden model typewriter made by Remington & Sons

The mechanical QWERTY keyboard and its digital equivalent can be considered a transitional data entry device, whose importance could be supplanted by more natural and ergonomic interfaces. Voice control on wearables is a key example of an extremely efficient method for interfacing with computing devices, that is faster and more ergonomic than typing. With ChatGPT specifically, the new Lucyd app makes it significantly easier to use, because the typical input into ChatGPT is long-form paragraphs of text which is often too cumbersome to type on a mobile device, requiring the user to be on a desktop computer to use ChatGPT effectively. The Lucyd app makes it fully voice-controlled, and therefore mobile friendly for the first time.

About Innovative Eyewear, Inc.

Innovative Eyewear is a developer and retailer of cutting-edge smart eyewear, under the Lucyd^®, Nautica^® & Eddie Bauer^® brands. True to our mission to Upgrade Your Eyewear^®, our Bluetooth audio glasses allow users to stay safely and ergonomically connected to their digital lives, and are offered in hundreds of frame and lens combinations to meet the needs of the optical market. To learn more and explore our continuously evolving collection of smart eyewear, please visit www.lucyd.co.

Tekcapital currently owns 5,189,086 shares (approximately 67%) of Innovative Eyewear, Inc. 

For further information, please contact:

About Tekcapital plc

Tekcapital creates value from investing in new, university-developed discoveries that can enhance people's lives and provides a range of technology transfer services to help organisations evaluate and commercialise new technologies. 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

Forward-Looking Statements

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 Innovative Eyewear, Inc., 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, Innovative Eyewear Inc. 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 Innovative Eyewear Inc., Lucyd and/or Tekcapital may vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Other than as required by relevant regulation or law,  neither Innovative Eyewear Inc, 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.