Inspecs partners with Qualcomm on smart eyewear technology

Investing.com -- Inspecs Group plc announced Tuesday a partnership with Qualcomm Technologies, Inc. that includes a $10 million investment and a commercial collaboration to develop eyewear technology. Qualcomm Technologies will acquire 7,503,001 new ordinary shares at £1 per share, raising gross proceeds of approximately £7.5 million.

The funds will support Inspecs's growth and general working capital purposes. The companies plan to create a connected, technology-enabled platform aimed at redefining eyewear as a technology category.

The collaboration will combine Qualcomm Technologies' technology expertise with Inspecs's eyewear design capabilities, manufacturing operations, global distribution network and brand relationships to develop the next generation of wearable technology.

Admission of the new shares to trading on AIM is expected at 8:00 a.m. on June 18, 2026. Following admission, the total number of ordinary shares in issue will be 109,174,526, with no shares held in treasury.

Robin Totterman, Founder of Inspecs Group plc, said: "For many years we have believed that smart eyewear is the next frontier for wearable technology and we are delighted to be partnering with Qualcomm Technologies today to deliver on our ambitions. We believe this investment and strategic collaboration will accelerate adoption in a category that is about to scale rapidly, and position Inspecs and Qualcomm Technologies among leaders in the industry."

Ziad Asghar, Senior Vice President and General Manager of XR, Wearables and Personal AI at Qualcomm Technologies, said: "Qualcomm Technologies' collaboration with Inspecs reflects our focus on enabling a new generation of personal AI devices across industries such as enterprise, healthcare, and industrial applications. We're also pleased that Inspecs will be the first partner to adopt our Snapdragon START program, helping bring smart glasses to market that fit naturally into everyday life-blending timeless design with powerful, intuitive technology."

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