Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Tekcapital's Innovative Eyewear inks deal with US firm

(Sharecast News) - Intellectual property investor Tekcapital announced a fresh development from its portfolio company Innovative Eyewear on Wednesday, as the latter launched a strategic partnership with Windsor Eyes, a prominent eyewear manufacturing and distribution firm. The AIM-traded firm said the collaboration was designed to leverage Innovative Eyewear's smart eyewear products with Windsor Eyes' extensive distribution network within the optical retail sector.

It said the two entities planned widespread distribution of smart eyewear across the United States, with a specific focus on key large optical retail outlets.

Innovative Eyewear specialises in the development and retailing of smart eyewear, offering Bluetooth audio glasses designed to allow users to stay connected to their digital lives.

"We are very pleased to announce our new partners at Windsor Eyes," said Innovative Eyewear chief executive officer Harrison Gross.

"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."

Tekcapital currently holds 5,189,086 shares of Innovative Eyewear, representing approximately 40% of the firm.

At 1014 BST, shares in Tekcapital were up 1.14% at 7.99p.

Reporting by Josh White for Sharecast.com.

Share this article

Related Sharecast Articles

Renew reports record order book, warns of delays in rail sector
(Sharecast News) - Renew Holdings reported in an update on Friday that trading for the year ending 30 September was set to be below market expectations due to ongoing delays in its rail sector operations.
FD Technologies tender offer taken up in full
(Sharecast News) - FD Technologies announced the results of its tender offer on Friday, after it closed on 22 January, confirming it would purchase the maximum allowable 6,153,846 shares for 1,950p each, returning £120m to shareholders.
Tasty reports ongoing second-half challenges
(Sharecast News) - Casual dining operator Tasty reported ongoing challenges in its second half on Friday, particularly in the final quarter.
Boeing warns of Q4 loss almost three times bigger than expected
(Sharecast News) - Boeing warned of a significantly larger-than-expected fourth-quarter loss overnight on Friday, of around $4bn - nearly three times the size forecasted by analysts.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.