TEK Tekcapital Plc

TIDMTEK

Tekcapital plc

05 August 2021

5 August 2021

Tekcapital Plc

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

Portfolio Company Update: Lucyd Ltd ("Lucyd")

Appointment of Olivia 'Dibby' Bartlett as Director of Innovative Eyewear Inc.

Tekcapital Plc (AIM: TEK, OTCQB: TEKCF), the UK intellectual property investment group focused on transforming university discoveries into valuable products to improve quality of life, is pleased to announce that portfolio company Lucyd's U.S. operating subsidiary, Innovative Eyewear, Inc., has appointed Olivia "Dibby" Bartlett as a non-executive director.

Dibby has served more than 30 years in the optical industry. She is currently president of the Opticians Association of America which for over 90 years has been dedicated to the advancement of the American optician and serves as Chief Operating Officer of Todd Rogers Eyewear. She has been named by Vision Monday as one of the "Most Influential Women in Optical" for 2020, is a recipient of the Eyecare Business Game Changer Award 2020 and is a graduate of Clark University with a major in comparative politics.

"I am enthusiastic to join the board of Innovative Eyewear. Their mission to Upgrade your Eyewear(R) resonates with me and addresses a major market need. I believe the company is posed to make a positive impact on the utility, safety and enjoyment of wearing glasses," said Dibby Bartlett.

Harrison Gross, Lucyd cofounder and CEO said, "We are very excited to add Dibby as a director to Innovative Eyewear Inc. She is extraordinarily knowledgeable about the eyewear industry and is passionate about combining form and function in eyeglass design to address optical and style requirements of diverse demographics."

About Lucyd and Innovative Eyewear Inc.

Lucyd's mission is to Upgrade your Eyewear(R) with advanced ergonomic frames that are easy to use, fun to wear, and help you stay safely connected to your digital life. The Lucyd brand and IP portfolio are exclusively licensed to and operated by Innovative Eyewear, Inc. To learn more, or order Lucyd Lyte, please visit https://lucyd.co .

Tekcapital currently owns 100% of the share capital of Lucyd Ltd and approximately 80% of the share capital of its U.S. operating subsidiary, Innovative Eyewear, Inc.

For further information, please contact:

 
Tekcapital Plc                                     Via Flagstaff 
Clifford M. Gross, Ph.D. 
 
SP Angel Corporate Finance LLP 
 (Nominated Adviser and Broker)                    +44 (0) 20 3470 0470 
Richard Morrison/Charlie Bouverat (Corporate 
 Finance) 
 Abigail Wayne / Rob Rees (Corporate Broking) 
 
Flagstaff Strategic and Investor Communications    +44 (0) 20 7129 1474 
Tim Thompson/Andrea Seymour/Fergus Mellon 
 

About Tekcapital plc

Tekcapital creates value from investing in new, university-developed discoveries that can enhance people's lives and provides a range of technology transfer services to help organisations evaluate and commercialise new technologies. Tekcapital is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in the UK. For more information, please visit www.tekcapital.com .

LEI: 213800GOJTOV19FIFZ85

Forward-Looking Statements

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 Tekcapital or Lucyd's management. Please note that these are subject to a number of risks, uncertainties and factors, including, but not limited to 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 and/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.

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