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Prices & Quotes - UK Markets - Tekcapital (TEK)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 31.00p
Change Today:
-0.75p
Market Cap:
40.56m
Sector:
Software & Computer Services

Tekcapital's Lucyd signs North America distribution deal

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.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Tekcapital Market Data

Currency UK Pounds
Price 31.00p
Change Today -0.75p
52 Week High 32.60p
52 Week Low 8.50p
Volume 402,873
Shares Issued 130.83m
Market Cap 40.56m
Beta 0.01

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Tekcapital Dividends

No dividends found

Trades for 17-Sep-2021

Time Volume / Share Price
14:58 15,000 @ 30.70p
14:53 8,012 @ 31.20p
14:45 51,580 @ 31.00p
14:37 5,657 @ 30.65p
14:05 7,200 @ 30.65p

Tekcapital Key Personnel