Tekcapital plc – Lucyd Launches Loud 2.0 Eyewear Line
Tekcapital Plc (AIM: TEK), the UK intellectual property (IP) investment group focused on creating marketplace value from investing in university technology, is pleased to announce that portfolio company Lucyd Ltd, the developer of an eShop for innovative eyewear, has launched Loud 2.0, its new line of prescription-ready Bluetooth® music glasses.
Lucyd’s new collection offers 10 exclusive, fashion-forward designs, coupled with more than 20 different types of proper corrective lenses, all day battery life, and a host of useful features.
Lucyd Loud correct your vision and are Bluetooth-enabled, making it possible to listen to music, make phone calls and use voice assistants from your prescription glasses. The voice assistant function enables a number of useful apps to be used handsfree, such as Uber® and Cashapp®. It’s perfect for cyclists, runners, athletes and people on the go, because you can still hear what’s happening around you, while listening to your tunes and staying connected. As a result of their bone conducting feature, they’re also great for any situation where you want your music, but don’t want to carry or use headphones.
The Market
Lucyd is positioned at the intersection of the online eyewear and digital assistant markets. Online eyewear sales in the U.K. are projected to reach $588m in 2019.1 The U.S. online eyewear market is projected to reach US$3.5b in 2019 and expected to grow annually by 1.3% (CAGR 2019-2023)2. In the U.S., approximately eight million pairs of prescription eyeglasses are sold online each year.3 Global use of digital assistants such as Siri®, Google Voice® and Alexa® is growing rapidly, and expected to reach 3.25b users in 2019 and 4b users in 2020.4
Harrison Gross, Co-founder at Lucyd said, “We are pleased to announce the introduction of Loud 2.0 designer music glasses in 10 beautiful colours and patterns. We believe these new patent-pending glasses set the standard for design, comfort and all day use for prescription Bluetooth® specs, at an incredibly attractive price.”
About Lucyd
The mission of Lucyd is to enhance the visual experience. Lucyd is pioneering a new market for prescription-ready, tech-enhanced glasses, and operates an eShop for innovative eyewear. To learn more please visit https://lucyd.co.
Dr Clifford Gross, Chairman at Tekcapital commented: “We are delighted to see the continuing progress of Lucyd with their launch of Loud 2.0. We believe that Lucyd is well positioned to see growth of its products in the new segment it has pioneered — online prescription eyewear that enables the use of digital assistants.”