MIAMI,
Sept. 17,
2024 /PRNewswire/ -- Innovative Eyewear, Inc.
("Innovative Eyewear" or the "Company") (NASDAQ: LUCY; LUCYW), the
developer of ChatGPT-enabled smart eyewear under the Lucyd®,
Nautica®, Eddie Bauer® and Reebok® brands, is pleased to announce
the unveiling of their first ANSI-certified smart safety eyewear at
Vision Expo West in Las Vegas,
Nevada, September
19th-21st 2024.
We believe this launch comes at a pivotal moment,
as the smart eyewear market has surpassed one million units sold in
the last 12 months.1 The Armor line represents a
breakthrough in safety and technology, offering wearers advanced
eye protection as well as handsfree connectivity and smart
functionality designed for professional environments. We believe
this product has the potential to open new commercial markets and
retail segments for the Company, such as logistics and medical
companies, as well as hardware retailers. The Armor will be the
Company's first wrap-style sunglass, which aligns well with
consumer trends, and comes standard with light-reactive,
auto-tinting lenses for flexible indoor and outdoor use. The
Company has pending design and utility patents on the product.
We will also offer private previews of our
upcoming Q1 2025 Reebok Collection to select industry insiders.
With the Armor line hitting the market in Q4, we believe Innovative
Eyewear is poised to drive the next phase of growth in the emerging
smart safety eyewear sector, positioning the company for new
revenue streams.
Harrison Gross,
CEO of Innovative Eyewear, said "After two years of development, we
are very pleased to present our smart safety eyewear to the optical
industry. Along with the unveiling of our Reebok sport smartglasses
and fully-adjustable Lucyd Lytes, we are meeting our mission to add
smart features to the four most popular types of eyewear:
prescription eyeglasses, ready-to-wear sunglasses, safety glasses
and sport glasses. The safety glass market alone is expected to
grow to $4.18bn by 2030,2
and we believe our Lucyd Armor smart eyewear will be well-received
due to its value pricing and high utility."
The Armor is anticipated to start shipping to
retailers and consumers October 2024.
To learn more about our ChatGPT enabled smart eyewear, please visit
Lucyd.co or our Vision Expo West booth #P19027.
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https://observer.com/2024/09/ai-smart-glasses-startup-challenge-meta/
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https://www.maximizemarketresearch.com/market-report/global-safety-eyewear-market/111306/
About Innovative Eyewear, Inc.
Innovative Eyewear is a developer and retailer of
ChatGPT smart eyewear, under the Lucyd®, Nautica®, Eddie Bauer® and
Reebok® brands. True to our mission to Upgrade Your
Eyewear®, our Bluetooth audio glasses allow users to stay
safely and ergonomically connected to their digital lives, and are
offered in hundreds of frame and lens combinations to meet the
needs of the optical market. To learn more and explore our
continuously evolving collection of smart eyewear, please visit
www.lucyd.co.
Forward Looking Statements
This press release contains certain
forward-looking statements, including those relating to the
anticipated timing of new product launches, the size of the safety
glass market and our place in the marketplace. Forward-looking
statements are based on the Company's current expectations and
assumptions. The Private Securities Litigation Reform Act of 1995
provides a safe-harbor for forward-looking statements. These
statements may be identified by the use of forward-looking
expressions, including, but not limited to, "expect," "anticipate,"
"intend," "plan," "believe," "estimate," "potential," "predict,"
"project," "should," "would" and similar expressions and the
negatives of those terms. The Company undertakes no obligation to
publicly update any forward-looking statement, whether as a result
of new information, future events or otherwise. Important factors
that could cause actual results to differ materially from those in
the forward-looking statements are set forth in the Company's
filings with the Securities and Exchange Commission, including its
annual report on Form 10-K under the caption "Risk Factors."
Investor Relations Contact:
Scott Powell Skyline Corporate Communications
Group, LLC
Office: +1 (646) 893-5835
Email: scott@skylineccg.com
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SOURCE Innovative Eyewear, Inc.
