Portfolio Company Update - Innovative Eyewear Inc

Tekcapital plc

24 August 2026

 

  24 August 2026

Tekcapital Plc

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

Innovative Eyewear, Inc. Announces Strategic Alliance

with HTC Corporation

Tekcapital Plc (AIM: TEK), the UK intellectual property investment group, notes that its portfolio company Innovative Eyewear, Inc. ("Innovative Eyewear") (NASDAQ: LUCY; LUCYW), the developer and manufacturer of smart eyewear under the Lucyd®, Lucyd Armor®, Reebok®, Eddie Bauer® and Nautica® brands, is pleased to announce a new strategic alliance with renowned electronics manufacturer HTC of Taiwan. The alliance is centred on the US commercialisation of the VIVE Eagle smart eyewear line, which Innovative Eyewear plans to make available on its flagship Lucyd.co smart eyewear web store. The glasses will be offered with Innovative Eyewear's US-based prescription lens fulfilment, and Lucyd.co will be offering prescriptions for US customers at launch. The VIVE Eagle line will launch in the USA in September 2026.

VIVE Eagle

The VIVE Eagle glasses are a new entrant in the popular AI camera glasses segment, and will include a free basic prescription upgrade when purchased on Lucyd.co. The glasses have several notable features:

·    Lightweight and fun, colourful designs with excellent build quality.

·    Wide volume range with high-fidelity music output.

·    Works with the powerful VIVE Connect app for AI conversation recording and translations, as well as camera management features.

·    Privacy features prevent recording while the glasses are unworn or when the indicator light is obstructed.

·    Some models include adjustable nose prongs for a flexible and global fit.

·    Handsfree voice activation.

Harrison Gross, CEO of Innovative Eyewear, commented on the launch:

"We have a great deal of respect for HTC and their hand in the mobile computing revolution. I am very excited to work with them to bring their impressive new camera smart eyewear to the US market. We believe the product is more capable, comfortable and user-friendly than other camera glasses on the market. We have extremely discerning quality standards for Lucyd.co, to the point that until now, every frame sold there has been developed and manufactured by our team. VIVE Eagle is the first product developed by a partner that we are offering on our site, because it ticks all the marks that make a great smartglass: all-day wearability, a high degree of utility, exceptional audio and award-winning aesthetics. I truly feel this smartglass is superior to other camera glass options available today, and we can't wait to hear what the thousands of smartglass enthusiasts in our community think of the product."

Charles Huang, SVP Global Sales and Marketing at HTC, said:

"Innovative Eyewear has consistently proven themselves in the smart eyewear space, bringing great designs, functionality, and customer experience to users over the years. We are excited to join hands with them on the US launch of VIVE Eagle, to give people an amazing and seamless fitting and prescription experience with these incredible new glasses."

The VIVE Eagle brings a second Red Dot-winning smart frame to the Lucyd.co lineup.

Image courtesy of HTC Corporation.

About Innovative Eyewear Inc.

Innovative Eyewear is a developer and retailer of ChatGPT smart eyewear, under the Lucyd®, Lucyd Armor®, Nautica®, Eddie Bauer® and Reebok® brands. True to our mission to Upgrade Your Eyewear®, our Bluetooth smart glasses allow users to stay safely and ergonomically connected to their digital lives and are offered in hundreds of frame and lens combinations to meet the needs of the optical market. To learn more and explore our continuously evolving collection of smart eyewear, please visit www.lucyd.co.

About HTC

HTC Corporation is a global technology innovator delivering award-winning products and industry firsts since 1997. The company creates inspiring products and experiences through a strong line of mobile solutions, connected devices, and VIVE virtual reality (VR) hardware and ecosystem. HTC offers a diverse portfolio of mobile and VR hardware, software, and content that transforms the way consumers and businesses see and interact with the world and beyond. HTC is listed on the Taiwan Stock Exchange (TWSE: 2498). For more information, please visit www.htc.com.

About Tekcapital plc

Tekcapital creates value from investing in new, university and corporate developed discoveries that can enhance people's lives. 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.

On 6 of August 2026 Tekcapital reported its 2026 H1 results[1]. For the six months ended 30 June 2026 net assets rose to US$201.7 million, up from US$55.1 million at 31 December 2025, lifting net asset value per share to US$0.78 from US$0.27. The Company's investment portfolio was valued at US$191.4 million at the period-end, compared with US$46.9 million at 31 December 2025, and generated US$145.5 million in portfolio returns and revenue for the first half of 2026, versus US$6.1 million in the first half of 2025. Profit after tax was US$144.8 million, versus US$5.4 million in the prior half-year period, while operating expenses fell 7.3% to US$0.69 million, reflecting continued cost discipline.

Tekcapital currently owns 259,455 shares of Innovative Eyewear, Inc. (NASDAQ: LUCY).

For further information, please contact:

Tekcapital Plc		Via Flagstaff
Clifford M. Gross, Ph.D.
SP Angel Corporate Finance LLP (Nominated Adviser and Broker)		[phone]
Matthew Johnson/Charlie Bouverat (Corporate Finance)/Abigail Wayne / Rob Rees (Corporate Broking)
Flagstaff Strategic and Investor Communications		[phone]
Tim Thompson/Andrea Seymour/Fergus Mellon

Forward-Looking Statements

This press release contains certain forward-looking statements, including those relating to the strategic alliance with HTC Corporation and the planned commercialisation, availability, prescription fulfilment and launch timing of the VIVE Eagle smart eyewear line. Forward-looking statements are based on Innovative Eyewear's current expectations and assumptions. The Private Securities Litigation Reform Act of 1995 provides a safe-harbor for forward-looking statements. These statements may be identified by the use of forward-looking expressions, including, but not limited to, "anticipate," "believe," "continue," "estimate," "expect," "future," "intend," "may," "outlook," "plan," "potential," "predict," "project," "should," "will," "would" and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. Neither Tekcapital nor Innovative Eyewear Inc. undertakes any obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in Innovative Eyewear's filings with the Securities and Exchange Commission, including its annual report on Form 10-K under the caption "Risk Factors."

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[1] https://polaris.brighterir.com/public/tekcapital_plc/news/rns/story/rd4428r

 

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