Portfolio Company Update - Innovative Eyewear

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  8 October 2026

Tekcapital Plc

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

Innovative Eyewear, Inc. Launches

Lucyd Aero™ Smart Eyewear Collection

Tekcapital Plc (AIM: TEK), the UK intellectual property investment group, notes that its portfolio company Innovative Eyewear, Inc. (“Innovative Eyewear”) (NASDAQ: LUCY; LUCYW), the developer and manufacturer of smart eyewear under the Lucyd®, Lucyd Armor®, Reebok®, Eddie Bauer® and Nautica® brands, has announced the launch of the Lucyd Aero™ smart eyewear collection. Lucyd Aero delivers the fashion-forward design, weight and cost of traditional eyeglasses while providing a full suite of AI and communication features.

Model wearing the Lucyd Aero Saucer style.

Image courtesy Innovative Eyewear, Inc.

Lucyd Aero is a new collection of smartglasses under Innovative Eyewear’s Lucyd brand. Innovative Eyewear believes the following features make it its most disruptive collection to date:

• All frames in the collection weigh between 1.0 and 1.2 oz (approximately 28–34 g), making it one of the lightest smartglass collections currently available from a US provider. The Aero Lark style is the lightest at 1.0 oz (28 g), lighter than most other smartglasses on the US market and on par with many traditional frames. As weight is a proxy for comfort in eyewear, Innovative Eyewear believes this is also its most comfortable collection to date and well suited to all-day wear.
• Lucyd Aero is the first Lucyd collection with no visible buttons, switches or exterior lights on the frame, so the glasses look like conventional eyewear. Two responsive, concealed touchpads control the frame. Innovative Eyewear views this discreet appearance as an important step toward normalising smart eyewear in optical channels and daily use.
• The glasses are camera-free, are not “always listening”, and are activated only via the touchpads, providing a privacy-first experience.
• Connection to the Lucyd app provides free, private multi-AI functionality, with hands-free access to ChatGPT, Claude and Gemini; public and private Walkie features; custom Newscasts; and Translation features, both in person and over calls.
• The frames launch at an MSRP of US$149, a price point accessible to almost all eyeglass wearers.

Harrison Gross, CEO of Innovative Eyewear, said: “Mass market adoption of smartglasses is at hand with our Lucyd Aero collection. For the first time ever, the Lucyd team has completely eliminated all costs of switching from traditional eyewear to smart. Lucyd Aero is truly an extraordinary frame because it looks ordinary; we don’t believe any smartglasses before it have come this close to matching the look and feel of traditional eyewear, while providing extensive smart features such as calls, on-demand news, and instant AI access. We believe the future of eyewear is smart, and now I can say the future of smart eyewear is here: we have smart frames that are a genuine end-to-end upgrade over traditional glasses, without compromising style, comfort, price, or privacy. There is no good reason to buy a traditional pair of glasses anymore; now that Lucyd Aero is available, it simply does more in the same package.”

Dibby Bartlett, a director of Innovative Eyewear and former President of the Opticians Association of America, said: “Fit and comfort determine whether a patient actually wears their glasses all day. With Lucyd Aero, Innovative Eyewear has delivered smart frames that rival traditional eyewear in weight and appearance, which I believe removes one of the biggest barriers opticians face when introducing smart eyewear to patients. This is the kind of collection the optical industry has been waiting for.”

The Lucyd Aero collection.

Image courtesy Innovative Eyewear, Inc.

The Lucyd Aero collection is available now, exclusively at www.lucyd.co.

About Innovative Eyewear Inc.

Innovative Eyewear is a developer and manufacturer of AI-enabled smart eyewear under the Lucyd®, Lucyd Armor®, Nautica®, Eddie Bauer® and Reebok® brands. True to its mission to Upgrade Your Eyewear®, its 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 its continuously evolving collection of smart eyewear, please visit www.lucyd.co.

About Tekcapital plc

Tekcapital creates value from investing in new, university and corporate 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.

Tekcapital currently owns 259,455 shares of Innovative Eyewear, Inc. (NASDAQ: LUCY), representing approximately 5% of the company’s share capital.

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Forward-Looking Statements

This announcement contains certain forward-looking statements, including those relating to the Lucyd Aero collection, including its anticipated market adoption, comfort, pricing and performance. Forward-looking statements are based on Innovative Eyewear’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. Neither Tekcapital nor Innovative Eyewear undertakes any 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 Innovative Eyewear’s filings with the Securities and Exchange Commission, including its annual report on Form 10-K under the caption “Risk Factors.”