Tekcapital launches new Lucyd Lyte e-glasses
(TEK ) said its portfolio firm, Lucyd, the smart eyewear and wearable software developer, had announced the launch of Lucyd® Lyte™, a new range of tech-enhanced, prescription eyewear for active lifestyles, ‘that look and feel like designer fashion frames.’
The Lyte e-glasses enable wearers to seamlessly play music, take phone calls and chat with their phone's assistant while maintaining situational awareness with open-ear technology.
The features of the e-glasses include Hi-fi Bluetooth® Audio which allows connections to all Bluetooth devices, enables rapid pairing, clear sound quality for calls, music and podcasts as well as open-ear audio enables simultaneous connectivity and situational awareness.
The glasses possess intuitive touch controls such as two simple buttons with ‘tactile feedback’ for useful smart functions and controls that allows one to access core smartphone functions handsfree while looking up and staying engaged with 25+ lens options.
The e-glasses are splash-proof, can hold a custom lens, enable 6.5 hours of playback time, 160 hours standby when disconnected, and are ‘featherlight fit’ at 1.25 oz. and 1.45 oz.
Harrison Gross, Lucyd’s Co-Founder and CEO commented, " The new Lucyd Lyte collection is style leading, comfortable to wear all day, affordable and will work with our forthcoming Vyrb™ application, bringing true voice interaction to select social media platforms."
Commenting on the range, Richard Sherman, American football star and Lucyd Brand Ambassador said, "I think everyone should be excited about Lucyd because it's been a pioneer in the eyewear space; this technology's transcendent. Lucyd is ahead of the curve."
To-date, Lucyd has sold more than 2,000 pairs of glasses and believes that the new Lyte line has the potential for mass market adoption due to its advanced design, designer eyeglass form-factor and affordable pricing.
Lucyd has now surpassed its $0.4m crowdfund goal for its subsidiary Innovative Eyewear and due to on-going investor interest, is continuing with the raise up to around $6m. Crowdfund proceeds are being used to develop the Lyte line and the Vyrb social media app.
London-listed Tekcapital currently owns 100% of the share capital of Lucyd ltd and approximately 89.7% of the share capital of its subsidiary Innovative Eyewear, Inc.
Shares in Tekcapital have soared over 70% in value since the beginning of November 2020 to open 2.23% higher this morning at 16.87p following the announcement.
Reasons to Follow TEK
Tekcapital’s mission is to create value from university Intellectual property that is ready for mass markets:
- TEK has the World’s largest network of University IP
- TEK enables rapid value creation with market ready technology selection
- Multi-Year track record of significant revenue and net-asset growth
Follow News & Updates from here:
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.