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14 April 2023

Tekcapital Plc

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

Innovative Eyewear Inc. Hosts First Smart Eyewear Fashion Show

Introducing Lucyd^® Lyte 2.0 Collection with ChatGPT Integration

Tekcapital Plc (AIM: TEK, OTCQB: TEKCF), the UK intellectual property investment group announces that Innovative Eyewear, Inc. ("Innovative Eyewear") (NASDAQ: LUCY; LUCYW), the developer and retailer of smart eyewear under the Lucyd®, Nautica®, and Eddie Bauer® brands, will be holding an Eyewear Fashion Show on April 20th @ 6:00PM EDT at Win 37 Art Gallery, 4320 NW 2nd Ave, Miami, FL 33127 to display its. Lyte 2.0 ChatGPT-enabled smart eyewear line, as part of its Spring 2023 Collection.

Innovative Eyewear believes its new designs and upgrade to the global smart eyewear market can improve the daily lives of people around the world. The Lucyd Lyte® flagship smart eyewear line is reimagining and disrupting the smart eyewear market with a new seamless voice integration with ChatGPT, powered by its patent-pending Lucyd app. Lucyd glasses empower consumers to listen to music, take and make calls, and use voice assistants to perform tasks, and can instantly help individuals tap into ChatGPT's powerful AI, enabling them to ask ChatGPT just about anything and receive spoken answers.

Harrison Gross, CEO of Innovative Eyewear said:

"From translating languages to looking up recipes and asking questions about pop culture, consumers can verbally ask questions to ChatGPT through microphones seamlessly built into Lucyd glasses and hear the responses through stereo speakers. Additionally, the app may also be used via a streamlined visual interface on iOS/Android, providing the user with both seamless voice and textual interfaces for ChatGPT.  

"We believe that our smart eyewear app, integrating ChatGPT, is a paradigm shift in the fashion eyewear market. With our new Lucyd app, which is free during the open beta, we are continuing to make smart eyewear more accessible and functional. It's our view that a great pair of smart glasses is defined by three key factors: beautiful design, innovative technology, and suitability for all-day wear. The Lyte 2.0 eyewear collection successfully offers these attributes and now provides a fourth factor-access to one of the world's most popular AI bots. By connecting to ChatGPT via voice commands on Lucyd smart eyewear, users can now access a wealth of detailed information on just about any subject, making smart eyewear a wonderful mobile learning tool.

"Lucyd Lyte® 2.0 eyewear is available in 15 distinct, patent-pending styles, all of which are available with prescription or sunglass lenses, making it one of the most versatile lines of smart eyewear globally. Lucyd smart eyewear makes it easy to use ChatGPT by combining the strength of a natural language AI bot with the natural ergonomic interface of speaking and listening on a hands-free wearable device.

"With this latest debut, Lucyd Smart Eyewear is fusing AI technology and style to disrupt the designer eyewear market by seamlessly integrating ChatGPT via voice commands through Siri or Google Voice. Our Smart glasses go beyond listening to music or taking a phone call-Now consumers can go from stylish and smart to gifted, with audio ChatGPT spoken directly in their ears.

"Lucyd® is an award-winning, patented, smart eyewear brand that is competitively priced with traditional eyewear.  With proprietary technology and stylish designs made to elevate customers' eyewear experience, our eyewear is made to provide the ultimate combination of style and functionality.

"The power of AI chatbots has become undeniable over the last few months. Coupling it with an ergonomic, spoken interface makes it easier to realize its promise. Conversations with AI chatbots are now voice enabled with the Lucyd app and available on-the-go through the entire Lyte 2.0 line.

"We believe Lucyd®'s Spring 2023 collection of men's and women's eyewear has the potential to make a serious dent in the fashion smart eyewear market. Our latest generation of smart glasses combines sleek design with open-ear headphones, UV protection, prescription lenses and voice assistance into one innovative, lightweight eyewear product that are equally beautiful and functional.

"With quadrasonic speakers, open-ear audio, noise cancellation microphones, polarized UV 400 lenses and 12-hour battery life seamlessly programmed to work with the world's smartest Artificial Intelligence platform, Lucyd Lyte is smart eyewear like no other. We believe Lucyd ChatGPT enabled eyewear is the next evolutionary step to Upgrade your Eyewear®."

Lucyd's Spring 2023 ChatGPT Enabled Eyewear includes the following models:

Darkside - $199; Darkside Bluetooth smart glasses from Lucyd feature a flat brow design blending mid-century and modern style seamlessly.

Dynamo - $199; Dynamo audio smart glasses offer a refined matte black finish on a bold flat front, an exciting new twist on the classic Roy Orbison silhouette.

Earthbound - $229; The Lucyd Earthbound smart sunglasses offer a fresh tech take on the classic Clubmaster style. An old-school favorite with all-around appeal.

Eclipse - $199; The Lucyd Eclipse audio smart glasses offer an elevated take on the trending crystal-front, black-temple wayfarer.

Electra - $229; The Electra frame from Lucyd is the epitome of bold style offering a matte black brushed titanium front with a glamorous bright gold rim that offers an excellent crossover size that looks great as a sunglass or an eyeglass.

Fusion - $199; The Fusion style offers an excellent crossover size that looks great for both Rx and sunglass wear.

Millennia - $199; The Millennia audio glasses from Lucyd feature a slightly oversized butterfly front in luxurious champagne crystal, with eye-popping glossy white temples.

Moonshot - $199; Trendsetters can experience the apex of sleek design with Moonshot audio glasses from Lucyd, which offers a round-cat shape frame with a lux matte finish.

Nebula - $199; Elevate your style with Nebula audio glasses from Lucyd for a sleek contoured look, offering the perfect frame size for a modern and sophisticated look.

Penubra - $199; Lucyd Penumbra Bluetooth smart glasses offer bold geometric angles that defy the status quo with every contour and offer a futuristic look in glossy black.

Shimmer - $229; Shimmer Lucyd smart glasses bring the ultimate flair of rose gold titanium to smart eyewear for the first time.

Starlyte - $199,; The Lucyd Starlyte smart glasses offer a defined modern cat eye featuring upturned lenses and bowed browline, achieving the perfect symmetrical balance of beauty and elegance.

Starseeker - $229; Lucyd Starseeker titanium audio glasses are made of a brushed gunmetal titanium front and temples, providing an audacious yet sophisticated look.

Stratus - $199; Lucyd Stratus audio glasses are modern and feature subtle features, clean corners and sleek curves, making it the perfect frame for any occasion.

Voyager - $199; Blaze past the limit with the Voyager Bluetooth glass from Lucyd, featuring a trendy acetate aviator shape and a double brow bar.

Download the Lucyd beta app now for a free trial and unlock the possibilities of ChatGPT-enabled smart glasses.

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. 

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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.