Tekcapital plc Lucyd Pte Ltd. Update

TIDMTEK

Tekcapital plc

04 July 2018

4 July 2018

Tekcapital plc

("Tekcapital" or the "Company")

Lucyd Pte Ltd. Appoints Dr Ira A. Clement as Science Advisor and

Files New Patent Application

Tekcapital plc (AIM: TEK), the UK intellectual property (IP) investment group focused on creating marketplace value from university technology, is pleased to announce that Lucyd Pte Ltd ("Lucyd") has appointed Dr Ira A. Clement, a licensed optometrist, as a science advisor and that it has filed a new patent application.

New appointment

Dr. Clement has over 40 years of experience in the practice of optometry. He has served as Past-President of the Westchester-Rockland-Putnam Optometric Society. As part of his pro bono activities, Dr Clement served as Past-President of the Suffern LIONS Club. Since its founding in 1917, Lions Clubs International(R) has worked on projects designed to prevent blindness, restore eyesight and improve eye health and eye care for hundreds of millions of people worldwide.

New Patent Application

On 2 July 2018, Lucyd announced the filing of a patent application No. 16/022,097 to improve the utility of Augmented Reality ("AR") glasses. The application is directed to smartglasses, with prescription lenses, and methods to control the presentation and display of information related to mobile device tasks that can be performed with these smartglasses.

Lucyd is delighted that Dr. Clement has joined the company's science advisory board. As a highly experienced optometrist, they believe their customers can benefit from his knowledgeable answers to questions regarding eye health. Additionally, Lucyd believes the new patent application may significantly enhance the ergonomics of AR glasses while maintaining a transparent interface.

Lucyd Pte Ltd is developing ergonomic smartglasses, blockchain apps and an eyewear e-shop to enhance the visual experience. To learn more about Lucyd, please visit www.lucyd.co.

Lucyd Pte Ltd is a subsidiary of Lucyd ltd, a Tekcapital portfolio company. Lucyd ltd is wholly owned by Tekcapital plc.

For further information please contact:

 
 Tekcapital plc                                       Via Walbrook PR 
  Clifford M Gross, Ph.D. 
 finnCap Ltd (Nominated Adviser 
  and Joint Broker)                             + 44 (0) 20 7220 0500 
 Geoff Nash / Max Bullen-Smith (Corporate 
  Finance) 
 Alice Lane (ECM) 
 Dowgate Capital Stockbrokers (Joint 
  Broker)                                         +44 (0) 1293 517744 
 David Poutney / James Serjeant 
 Walbrook PR Ltd                                 +44 (0) 20 7933 8780 
 Paul Cornelius / Sam Allen / Nick          tekcapital@walbrookpr.com 
  Rome

Tekcapital plc - The World's Largest University Network for Open Innovation

Tekcapital's objective is to create value from investing in new, university-developed intellectual properties. Additionally, using its proprietary discovery search engine, linked to 4,500+ universities in 160 countries, coupled with expert scientific review, Tekcapital provides a range of IP investment services to make it easy for organisations to find, evaluate, acquire and license university-developed technology. Tekcapital plc is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in Oxford, in the UK. For more information, please visit www.tekcapital.com

LEI: 213800GOJTOV19FIFZ85

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