Porfolio Company Update - Innovative Eyewear Inc

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   7 January 2026

Tekcapital Plc

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

Innovative Eyewear, Inc. announces Record-Breaking 65% Annual Sales Growth in 2025

& Insider Buying Intent

Tekcapital Plc (AIM: TEK), the UK intellectual property investment group notes that Innovative Eyewear, Inc. ("Innovative Eyewear") (NASDAQ: LUCY; LUCYW), the manufacturer of smart eyewear under the Lucyd^®, Lucyd Armor^TM, Reebok^®, Eddie Bauer^® and Nautica^® brands, is pleased to announce its preliminary unaudited sales results for the fourth quarter and full year ended December 31, 2025.

Innovative Eyewear achieved Q4 2025 sales of approximately $1m, representing an increase of approximately 45% compared with Q4 2024 revenue. Preliminary full-year 2025 sales are estimated to be $2.7 million, a substantial increase of approximately 65% year-over-year from $1.6 million in 2024.

Innovative Eyewear's management believes that its operational progress and considerable traction with its smart eyewear brand portfolio, particularly Lucyd Armor smart safety and Reebok sport collections, is not fully reflected in the current market price of its common stock.

A recent analysis of Amazon.com market trends indicates that Innovative Eyewear holds approximately 44% market share of smart safety glasses on its platform, and to Innovative Eyewear's knowledge is the only smart safety glass on the platform with full safety certification in the US and Canada. Innovative Eyewear management believes it has now built the diverse product mix and distribution channels necessary to maximize its penetration in the rapidly growing smart eyewear market and secure a long-term position as the industry value leader.

Harrison Gross (CEO), Oswald Gayle (CFO), Joaquin Abondano (COO), Eric Cohen (CTO), and Konrad Dabrowski (Chief AI and Growth Officer) intend to purchase shares of Innovative Eyewear in the open market. The planned purchases reflect management's strong confidence in the Company's strategic direction, long-term growth prospects, and current market valuation. The specific timing and amount of the purchases will depend on market conditions and other factors, and the transactions will be conducted in compliance with all applicable securities laws and the Company's insider trading policy.

All purchases by the Innovative Eyewear management team will be publicly disclosed through required SEC filings, specifically Form 4, within the strict timelines mandated by law. Innovative Eyewear emphasize that this announcement is a statement of intent and not a solicitation for the purchase or sale of securities.

Harrison Gross, CEO of Innovative Eyewear, said:

"Whilst these results remain subject to audit, we are pleased with the preliminary sales growth achieved in both the fourth quarter and full year 2025 compared to 2024. We believe this performance reflects growing awareness of our brand portfolio and increasing demand for eyewear that integrates smart features alongside vision correction and protection, and the ability to easily use our eyewear with a number of leading AI platforms. Our 2025 efforts to build a robust global fulfilment network have helped to position the Company for faster scale up across hardware stores, retail, and optical chains worldwide. We are optimistic about our prospects for significant placements with national, well recognized chains during 2026."

About Innovative Eyewear, Inc.

Innovative Eyewear is a developer & manufacturer of cutting-edge ChatGPT enabled smart eyewear, under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® 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, sunglass, sporting goods and safety eyewear markets. To learn more and explore our continuously evolving collection of smart eyewear, please visit www.lucyd.co.

About Tekcapital plc

Tekcapital creates value from investing in new, university-developed discoveries that can enhance people's lives. 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

Tekcapital currently owns 259,455 shares, representing 4.73% of the issued share capital, of Innovative Eyewear, Inc. (NASDAQ: LUCY).

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Forward-Looking Statements

This press release contains certain forward-looking statements, including those relating to preliminary sales, the market for smartglasses and potential management stock purchases. Forward-looking statements are based on the Company's current expectations and assumptions. The Private Securities Litigation Reform Act of 1995 provides a safe-harbor for forward-looking statements. These statements may be identified by the use of forward-looking expressions, including, but not limited to, "anticipate," "believe," "continue," "estimate," "expect," "future," "intend," "may," "outlook," "plan," "potential," "predict," "project," "should," "will," "would" and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in the Company's filings with the Securities and Exchange Commission, including its annual report on Form 10-K under the caption "Risk Factors."