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Share Price: 10.00

Bid: 9.80

Ask: 10.20

Change: -1.20 (-10.71%)

Spread: 0.40 (4.082%)

Open: 10.75

High: 10.75

Low: 9.75

Prev. Close: 11.20

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IN BRIEF: Tekcapital's Innovative Eyewear files smart hinges patent

Mon, 11th Sep 2023 18:47

Tekcapital PLC - London-based intellectual property investment company - Says that Innovative Eyewear Inc, in which it has a 40% shareholding, has filed a patent on self-adjusting spring hinges for smart glasses. The new patent application covers a proprietary component developed to enhance comfort in smart eyewear. Innovative Eyewear believes these new hinges will also increase the durability of the frames by reducing stress points on the temples caused by extended wear.

Innovative Eyewear Chief Executive Officer Harrison Gross says: "The development of compact spring hinges for smart eyewear is another positive advent in our mission to build the global standard in the category...We look forward to launching the new self-adjusting hinges, starting with our Lyte 2.0 XL collection debuting in October 2023, alongside additional unique designs, and product upgrades."

Current stock price: 12.24 pence

12-month change: down 48%

By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

More News

29 Dec 2022 12:14

LONDON MARKET MIDDAY: Covid concerns in China drag stocks lower

(Alliance News) - Stock prices in London at midday continued to be weighed down by the worrying surge in Covid-19 cases as China swiftly re-opens from three years of strict lockdown measures.

29 Dec 2022 09:26

AIM WINNERS & LOSERS: Allergy Therapeutics plunges as results delayed

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

29 Dec 2022 07:48

Tekcapital investee signs multi-year, global licensing agreement

(Alliance News) - Tekcapital PLC on Thursday said investee Innovative Eyewear Inc has licensed outdoor brand Eddie Bauer for its smart eyewear through an agreement with Authentic Brands Group LLC.

21 Dec 2022 13:45

Tekcapital's MicroSalt to be stocked by US grocer Hannaford

(Sharecast News) - Intellectual property investor Tekcapital announced on Wednesday that northeastern US grocery chain Hannaford Brothers has agreed to stock both sizes of MicroSalt's new table-top shakers.

21 Dec 2022 12:30

IN BRIEF: Tekcapital subsidiary MicroSalt partners with US retailer

(Alliance News) - Tekcapital PLC - London-based intellectual property investor - Says portfolio firm MicroSalt Ltd partners with US food retailer Hannaford Brothers Co LLC to stock MicroSalt's new table-top shakers, which come in two sizes. "This is a tremendous step in our march toward reducing excess sodium in the average diet. Our take-home shakers will let people salt their food to taste without excess sodium," MicroSalt Chief Executive Rick Guiney said.

19 Dec 2022 19:29

TRADING UPDATES: Tekcapital's MicroSalt plans IPO in 2023

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

14 Nov 2022 16:51

Tekcapital's Guident wins autonomous shuttle service deal in US

(Alliance News) - Tekcapital PLC on Monday said its portfolio company Guident Ltd has been selected by Boca Raton Innovation Campus to provide an autonomous shuttle service connected to a busy rail station in Florida.

13 Oct 2022 14:35

TRADING UPDATES: Boku partners with DAZN; Immotion signs two contracts

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

3 Oct 2022 19:52

TRADING UPDATES: Goodbody Health wins deal; Tekcapital secures funds

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

23 Sep 2022 13:16

Tekcapital's MicroSalt to launch US retail product

(Sharecast News) - Intellectual property investor Tekcapital announced on Friday that its portfolio company MicroSalt would launch the "first full-flavour" lower sodium table salt shaker to major retail chains on 1 October.

23 Sep 2022 11:40

IN BRIEF: Tekcapital portfolio company releases low sodium salt-shaker

Tekcapital PLC - London-based intellectual property investor - Says portfolio company MicroSalt Ltd will launch its salt-shakers. Product will be "the first, full-flavour, lower sodium table salt". MicroSalt shakers will be debuted at the Expo East Food convention in Philadelphia next week.

18 Aug 2022 15:21

IN BRIEF: Tekcapital's Lucyd says subsidiary completes US IPO

Tekcapital PLC - London-based intellectual property investor - Innovative Eyewear Inc, a subsidiary of portfolio firm Lucyd closes its USD7.4 million initial public offering, with the issue of 980,000 units - comprising 980,000 shares and 1.96 million warrants for the purchase of 1.96 million shares - at a price of USD7.50 each.

18 Aug 2022 14:04

IN BRIEF: Tekcapital says investee launches new eyewear line

Tekcapital PLC - London-based intellectual property investor - Reports investee company Innovative Eyewear Inc has launched a new eyewear line called Lucyd Lyte Fall '22. Says the product debut introduces four new designer smart frames and the new eyewear line. "The new Lucyd dock accessory can wirelessly charge all Lucyd Lyte models and up to three other USB-charged devices simultaneously, offering an organized and compact way to charge your go-to devices," it notes.

18 Aug 2022 13:27

Tekcapital's Innovative Eyewear starts trading on Nasdaq

(Sharecast News) - Intellectual property investor Tekcapital announced on Thursday that Innovative Eyewear, a subsidiary of its portfolio company Lucyd, had closed its $7.35m initial public offering.

15 Aug 2022 12:17

Tekcapital's Innovative Eyewear prices its upcoming Nasdaq IPO

(Sharecast News) - Technology-focussed intellectual property investor Tekcapital announced on Monday that Innovative Eyewear, a subsidiary of portfolio company Lucyd, has announced pricing of its $7.35m initial public offering.

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IN BRIEF: Tekcapital's Innovative Eyewear files smart hinges patent

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