Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Tekcapital PLC on Wednesday said its portfolio company, Innovative Eyewear Inc, has secured a new partnership deal with Windsor Eyes Inc.
The London-based intellectual property investor said the collaboration is for the distribution of smart eyewear products in the US.
Innovative Eyewear is a Miami-based developer of tech eyewear and smartglass apps under the Lucyd, Nautica, Eddie Bauer and Reebok brands. Tekcapital currently owns a 40% stake in Innovative Eyewear.
Commenting on the partnership, Innovative Eyewear Chief Executive Officer Harrison Gross said: ‘We are very pleased to announce our new partners at Windsor Eyes. We believe our proprietary smart frame technology, coupled with their decades of experience in the optical market, will be a powerful partnership that can potentially put smart eyewear in the hands of consumers throughout the US.’
Shares in Tekcapital were up 1.1% at 7.99 pence each in London on Wednesday morning.
Copyright 2024 Alliance News Ltd. All Rights Reserved.