By Josh White
Date: Monday 22 Mar 2021
LONDON (ShareCast) - (Sharecast News) - Technology intellectual property investment company Tekcapital said on Monday that its portfolio company Lucyd has signed a distribution agreement with D Landstrom Associates to build distribution of its 'Lyte' bluetooth smart eyewear in North America.
The AIM-traded firm said D Landstrom would look to establish the distribution of Lucyd products with general merchandise and specialty big-box stores, including Walmart, Target and Best Buy.
It described Lucyd Lyte as "prescription-ready" eyewear that appears and functions like designer spectacles, with smart features built-in.
The glasses enable wearers to play music, take phone calls and use voice assistants such as Apple's 'Siri' and Amazon's 'Alexa', while maintaining situational awareness with open-ear audio, and optional vision correction with prescription lenses made by Lucyd.
"We are very excited to be working with D Landstrom Associates to launch the Lyte into national distribution," said co-founder and chief executive officer Harrison Gross.
"For more than 40 years, D. Landstrom Associates has built a reputation of introducing exciting new products into national retail stores.
"With more than 90 five-star reviews, Lyte is gaining significant ecommerce traction through our social media and influencer marketing, and we view bricks-and-mortar distribution as a natural complement to this growth."
At 1356 GMT, shares in Tekcapital were down 0.09% at 10.99p.
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Currency | UK Pounds |
Share Price | 10.50p |
Change Today | 0.90p |
% Change | 9.38 % |
52 Week High | 17.00 |
52 Week Low | 6.25 |
Volume | 941,288 |
Shares Issued | 198.19m |
Market Cap | £20.81m |
Value |
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Price Trend |
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No dividends found |
Time | Volume / Share Price |
16:21 | 43 @ 10.99p |
16:13 | 3,000 @ 10.93p |
16:10 | 30,000 @ 10.92p |
15:34 | 50,000 @ 10.30p |
15:19 | 3,616 @ 10.95p |
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