MIAMI, April 24,
2024 /PRNewswire/ -- Innovative Eyewear, Inc.
("Innovative Eyewear" or "the Company") (NASDAQ: LUCY) (NASDAQ-CM:
LUCYW), the developer of smart eyewear under the Lucyd®, Nautica®,
Eddie Bauer® and Reebok® brands, today announced the filing of two
new United States patent
applications, a utility application, No. 18/605,092, entitled
SMART EYEWEAR HAVING ACCESSIBLE TACTILE CONTROLS and a design
application, No. 29/930,655, entitled SAFETY EYEWEAR. Innovative
Eyewear also announces receipt of notices of allowance on three
smart eyewear design patent applications (patent application Nos.
29/806,204, 29/806/207, 29/806/209) and expects design patents to
issue from these three allowed applications after payment of issue
fees.
The two new patent applications are directed to the Company's
new Lucyd Armor smart safety glasses product, planned to be
introduced in mid-2024 in response to initial demand from potential
customers. The new utility patent application is directed to
functional aspects of product, while the new design patent
application is directed to the ornamental design of the product.
The Company developed Lucyd Armor to meet perceived needs of
industrial and medical safety glass users.
"Lucyd Armor smart safety glasses are a unique product that we
are thrilled to bring to the personal protective equipment market,"
said Innovative Eyewear CEO Harrison
Gross. "The culmination of rigorous in-house R&D, we
believe these products will deliver a cutting-edge experience to
safety glass users around the world, making it easier than ever to
communicate handsfree in various work environments.
"We are commencing testing to ensure our smart safety eyewear
meets OSHA standards and expect to have the glasses available to
consumers in the coming months. In addition to our direct to
consumer channels such as Amazon and BestBuy.com, we look forward
to launching Lucyd Armor in hardware and home improvement stores,
developing an entirely new vertical for the company."
Safety glasses represent an important segment of both the PPE
(personal protective equipment) and eyewear markets, with an
approximate $3bn global market,
expected to grow to $4.18bn by
2030.1 Safety glasses are required equipment for a
multitude of professions, from construction sites and warehouses to
operating rooms and research facilities around the globe. By
combining the safety features of this class of eyewear with
Innovative Eyewear's open-ear communication and AI features, the
Company believes the product will make it easier and safer than
ever for teams to collaborate in a variety of work environments. To
support team communications, Innovative Eyewear's free Vyrb
app for iOS and Android provides verbal VOIP chatrooms for up to
100 participants at a time.
About Innovative Eyewear, Inc.
Innovative Eyewear is a developer of cutting-edge ChatGPT
enabled 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 use of proceeds from
the offering, introduction of new product lines and timing of
improvements and enhancements to our current products.
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,
"anticipate," "believe," "continue," "estimate," "expect,"
"future," "intend," "may," "outlook," "plan," "potential,"
"predict," "project," "should," "will," "would" and similar
expressions that predict or indicate future events or trends or
that are not statements of historical matters, but the absence of
these words does not mean that a statement is not forward-looking.
These forward-looking statements include, but are not limited to,
statements regarding the expected launch date for the new smart
safety eyewear connection. 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
1 https://www.maximizemarketresearch.com/market-report/global-safety-eyewear-market/111306/
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SOURCE Innovative Eyewear, Inc.
