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LONDON (Alliance News) - Intellectual property investment group Tekcapital PLC said Monday that its portfolio company Lucyd Ltd has signed a reseller partnership with an unnamed Brazilian optical retailer and has conducted its first order.
Shares in Tekcapital were down 11% at 7.15 pence on Monday.
The distributor has purchased a starting order for 100 pairs of Lucyd Loud Bluetooth, which they will then sell in its own eyewear store which will serve Brazil, Mexico, Colombia and Chile.
"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," said Tekcapital Chief Executive Officer Clifford Gross.
