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HomeNewsBusinessMulti-year, global licensing agreement signed by Tekcapital’s investee

Multi-year, global licensing agreement signed by Tekcapital’s investee

According to Tekcapital PLC’s announcement on Thursday, Innovative Eyewear Inc. has obtained a licence from outdoor retailer Eddie Bauer for its line of smart eyewear through a deal with Authentic Brands Group LLC.

According to Tekcapital, Innovative Eyewear has announced that it has licenced the renowned outdoor company Eddie Bauer for smart eyewear through a deal with Authentic Brands. Without revealing specific financial information, the corporation called the transaction a “multi-year, global licencing agreement.”

An investor in intellectual property with a base in London is Tekcapital. The company Innovative Eyewear creates and sells smart eyewear that keeps wearers linked to their digital lives. It does business as Lucyd and Nautica.

It stated that Authentic Brands is a New York-based worldwide platform for brand creation, marketing, and entertainment.

In order to create long-term value in the marketplace, Tekcapital continued, “Authentic combines strong brands with best-in-class partners and a worldwide network of operators, distributors, and retailers.”

“Real connections last longer”

Eddie Bauer’s line of smart eyewear is anticipated to debut in 2023.

Harrison Gross, the chief executive of Innovative Eyewear, said: “Our Eddie Bauer smart eyewear line, driven by Lucyd, will carry on Eddie Bauer’s tradition of innovative design and bold, stunning craftsmanship, and it will be a wonderful fit for today’s active lifestyles. Outdoor enthusiasts, in our opinion, are looking for high-end eyewear that will safeguard their vision while also enabling open-ear, hands-free connectivity to their digital life.”

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  • Multi-year, global licensing agreement signed by Tekcapital’s investee
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