Lucyd launch of new bluetooth-enabled Glasses

Tekcapital Plc

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

Portfolio Company Update

Lucyd® to Launch New Loud 3.0 Bluetooth-enabled Glasses

20 January 2020

Tekcapital plc (AIM: TEK), the UK intellectual property investment group focused on creating marketplace value from investing in university technology, is very pleased to announce that its portfolio company Lucyd Ltd ("Lucyd"), the smartglass developer and operator of a eShop for tech eyewear, is launching their third line of Lucyd Loud Bluetooth® glasses on 27 January 2020. These prescription compatible, audio glasses offer enhanced sound quality, comfort and style at an attractive price.

Lucyd Loud eyewear is its most advanced entry in the wearables market, that adds useful smart features to eyeglasses in a form factor similar to traditional spectacles. Lucyd focuses on ergonomics and utility in their products and is one of the first companies to deliver prescription smartglasses. The goal of Lucyd Loud is to enable the user to live more freely and conveniently, by making many important smartphone functions available with a simple tap on their glasses. In addition to making calls and listening to music, with digital assistants like Siri® and Google Voice®, Lucyd Loud enables the wearer to summon a rideshare driver, send funds and get directions handsfree.

Harrison Gross, CEO of Lucyd said, "We are extremely excited to bring this new line of enhanced eyewear to the glasses-wearing public. We have taken in a huge amount of feedback and user stories on our previous models and used this information to catalyze our development of Loud 3.0. It is my firm belief that these new smartglasses represent a significant leap over other options in the space, with their superior combination of quality, prescription adaptability and price."

To view Loud 3.0 in action please visit: https://youtu.be/QBRdpD3PQxQ

Dr Clifford Gross, Executive Chairman at Tekcapital, commented: "We are very glad to see the continuous development of Lucyd's products and brand as it seeks to capitalize on its first-mover advantage in providing prescription, Bluetooth enabled eyewear."

About Lucyd
Lucyd operates an innovative global eShop that provides advanced eyewear to enhance the visual experience. To learn more, please visit Lucyd.co.

About Tekcapital plc

Tekcapital creates value from investing in new, university-developed intellectual properties and provides a range of IP investment services to make it easy for organisations to commercialise university-developed technology. Tekcapital is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in Oxford, in the UK. For more information, please visit www.tekcapital.com.

LEI: 213800GOJTOV19FIFZ85

For further information, please contact:

Flagstaff Strategic and Investor Communications                                   +44 (0)207 129 1474

Tim Thompson/Andrea Seymour/Fergus Mellon        

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 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 Lucyd's management. Please note that these stetments are subject to a number of risks, uncertainties and factors, including, but not limited 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 Lucyd or Tekcapital may vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Neither 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.