Tekcapital PLC’s (LON:TEK) shares jumped in early deals Thursday as its portfolio firm, Lucyd, planned to launch a line of designer sunglasses in partnership with Richard Sherman, an NFL cornerback for the San Francisco 49ers.
Lucyd, whose eyewear products include Bluetooth-enabled glasses, will launch the new line, known as Sherman Shades, in the third quarter of 2019 with a promo commercial featuring Sherman himself, who is also chief brand officer, scheduled for March.
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Meanwhile, the company’s Lucyd Loud 2.0 range of its Bluetooth glasses, which will include ten styles, is scheduled for global roll out in the second quarter.
Lucyd had also garnered media attention, with its Loud glasses featuring on Good Day Sacramento as well as in the Boston Globe.
"We are very glad to see the continued technology and marketing progress of Lucyd", said Dr Clifford Gross, chairman of Tekcapital.
Tekcapital, which specialises in commercialising intellectual property, said in a separate announcement that its results for the 12 months ended 30 November 2018 would be released on 25 February.
Shares were up 3.3% at 6.2p.