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Tekcapital PLC - London-based intellectual property investment company - Says that Innovative Eyewear Inc, in which it has a 40% shareholding, has filed a patent on self-adjusting spring hinges for smart glasses. The new patent application covers a proprietary component developed to enhance comfort in smart eyewear. Innovative Eyewear believes these new hinges will also increase the durability of the frames by reducing stress points on the temples caused by extended wear. Innovative Eyewear Chief Executive Officer Harrison Gross says: ‘The development of compact spring hinges for smart eyewear is another positive advent in our mission to build the global standard in the category...We look forward to launching the new self-adjusting hinges, starting with our Lyte 2.0 XL collection debuting in October 2023, alongside additional unique designs, and product upgrades.’ Current stock price: 12.24 pence 12-month change: down 48% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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