announced its wholly-owned portfolio company Lucyd ltd has formed a reseller partnership with a Brazilian optical retailer and has conducted its first order.
“This is a unique opportunity for Lucyd to expand its eyeglass offerings into the large Brazilian market” said Tekcapital.
The distributor has purchased an initial order for 100 pairs of Lucyd Loud Bluetooth, bone-conducting glasses, which they will be selling on their own online eyewear store which will primarily serve Brazil, Mexico, Colombia and Chile.
The company’s Bluetooth audio smart glasses put Lucyd in a unique position to penetrate the growing online market for eyewear.
Shares in Tekcapital were trading at 7.75p each following the announcement
Clifford M. Gross Ph.D., Chief Executive Officer of Tekcapital plc said: “According to Statista, the online market for eyewear will deliver approximately $3.8b in sales in 2018”
“Lucyd has developed a very competitive footprint in this market with advanced eyewear to meet the needs of technological as well as fashion forward customers”
“We believe that Lucyd's unique features and products compare favorably with some of the most successful and respected names in the industry."
plc, is a UK intellectual property investment group focused on creating marketplace value from university technology.
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