# Tekcapital plc Update on Lucyd Blockchain Token Generation Event

- Link: https://www.directorstalkinterviews.com/tekcapital-plc-update-lucyd-blockchain-token-generation-event/412744229
- Published: 2018-01-22T07:43:52+00:00
- Author: Giles Arbor

**Tekcapital plc** (LON:TEK), the UK intellectual property (IP) investment group
focused on creating marketplace value from university technology, has today announced
that Lucyd pte ltd (“Lucyd”) has sold US$1.5m of Lucyd tokens during its on-going
token generation event (“TGE”). This is the minimum level of funds to be raised 
under the TGE for it to proceed. The TGE will be completed on or before 28 February
2018, whereupon Tekcapital will update the market on the full proceeds Lucyd has
received from the event. Lucyd pte ltd is a subsidiary of Lucyd ltd, a Tekcapital
portfolio company.

Lucyd was established by Tekcapital Plc in September 2017 to commercialise a portfolio
of 13 optical technology patents exclusively licensed from the University of Central
Florida, that are designed to enable ergonomic, augmented reality (“AR”) ‘smartglasses’.

Lucyd pte ltd has formed strategic alliances with nine companies to develop AR and
security software for the smartglasses they are developing.

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