Innovative Eyewear Launches Upgraded Charging Dock

Tekcapital Plc (AIM: TEK), the UK intellectual property investment group announces that Innovative Eyewear, Inc. ("Innovative Eyewear") (NASDAQ: LUCY; LUCYW), the developer of ChatGPT smart eyewear under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, launched a new edition of the Company's patent-pending Lucyd Dock ("Dock") product for its smart eyewear.

The Lucyd Dock is a first-of-its-kind charging accessory for smart eyewear. Users can simply drop Lucyd Lyte eyewear on the Dock to charge, just as they would drop traditional glasses on the nightstand or desk before bed.

According to Innovative Eyewear, several core improvements have been added to the Dock 2.0, while maintaining the manufacturer's suggested retail price of US$34.99. The new features include:

• Cordlessly connects to all Lucyd Lyte models with new auto-adjusting magnetic contacts.
• Works with all Lucyd models including petite, medium and new XL pairs.
• Indicator light turns on when charging and shuts off when charging complete.
• Two USB-A and one USB-C charging port to simultaneously charge your smartphone, smartwatch and other devices in addition to Lucyd Lyte.
• USB data capability so you can use the Dock as a USB hub for your computer - read flash drives, connect your mouse and keyboard, and more.
• More compact and travel-friendly than the Dock 1.0.
• New 99% post-consumer recycled packaging with 5-language product info for global sales.

Harrison Gross, CEO of Innovative Eyewear Inc., commented:

"We are closer than ever to our goal of the world's most user-friendly smartglasses with the launch of the Lucyd Dock 2.0. I am confident our customers will enjoy using the Dock to keep their various devices charged and their cables more neatly organized. By adding the new USB data functionality enabling the Dock to be used as a USB hub for computers, we have made it even more of a must-have accessory for our smart eyewear customers."

The new Dock, works with all models of Lucyd Lyte eyewear and is available at www.Lucyd.co. The new Dock will also be offered to Innovative Eyewear's wholesale and retail distribution partners.

To see Lucyd Lyte and its seamless voice access to ChatGPT in action, watch the new video.

About Innovative Eyewear, Inc.

Lucyd glasses placed on the Dock to charge

Photo courtesy of Innovative Eyewear Inc.

Tekcapital currently owns 5,189,086 shares of Innovative Eyewear, Inc. (approximately 40%).

Clifford M. Gross, Ph.D.

Richard Morrison/Charlie Bouverat (Corporate Finance)/Abigail Wayne / Rob Rees (Corporate Broking)

Tim Thompson/Andrea Seymour/Fergus Mellon