Tekcapital PLC’s (LON:TEK) shares were lifted in mid-morning on Monday after its portfolio company Lucyd filed 13 design patents for a new line of its Lucyd Loud Bluetooth-enabled speaker glasses.
The firm, which commercialises IP’s from university technology, said the new glasses, which allow wearers to listen to music and phone calls through speakers in the frames, would be available late in the second quarter of 2019.
READ: Tekcapital jumps as Lucyd readies to launch glasses line in partnership with NFL pro Richard Sherman
"We are pleased to announce the filing of additional intellectual property to cover the expansion of our line of Lucyd Loud smartglasses”, said Harrison Gross, media lead and co-founder of Lucyd.
“We believe Lucyd Loud is the first entry into the smartglass market that is suitable for mass adoption, as a result of its affordable price point, attractive design, prescription availability and high utility."
Dr Clifford Gross, chairman at Tekcapital, said: "We are delighted to see the progress of Lucyd with their filing of additional IP to cover their forthcoming Loud smart eyewear line, the recent appointment of American football star Richard Sherman as brand ambassador, as well as the latest enhancements to their website."
In a separate announcement, Tekcapital said that Clifford Gross would be giving a presentation at the UK Investor show, Britain's largest one-day investor event, on 30 March.
Shares were up 4.7% at 5.6p.
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