Innovative Eyewear, Inc. Announces Exciting New Features for the Lucyd ChatGPT App

Rhea-AI Summary

Innovative Eyewear (NASDAQ: LUCY) has announced significant updates to its Lucyd app for iOS and Android platforms. The app, which pioneered voice access to ChatGPT in smart eyewear, now features enhanced in-app shopping with prescription customization, new Siri commands for Walkie-talkie features, and improved natural voice output for AI interactions.

Key improvements include streamlined app shopping experience, hands-free Walkie channel management through Siri commands, and overall user interface enhancements. The app has achieved approximately 15,000 downloads without significant marketing efforts and offers a Pro version at $7.99/month with unlimited ChatGPT queries and secure Walkie channels for business applications.

Positive

• App has reached 15,000 downloads without significant marketing investment
• New revenue stream through Pro version subscription at $7.99/month
• Enhanced shopping experience with prescription customization capability
• Expanded functionality with new Siri commands and natural voice features

Negative

• None.

Insights

Technology Product Analyst

Lucyd app updates enhance monetization potential with in-app shopping and subscription features, though modest 15K download base suggests limited immediate financial impact.

Innovative Eyewear's latest Lucyd app update introduces several notable enhancements that could strengthen its market position in the smart eyewear space. The new in-app shopping experience with prescription customization creates a direct sales channel within the app ecosystem, potentially increasing conversion rates compared to traditional e-commerce paths by reducing friction in the purchasing process.

The company has made strategic improvements to their hands-free functionality through expanded Siri voice commands for the walkie-talkie feature, which particularly enhances the value proposition for their Lucyd Armor line targeting professional and industrial users. This focus on segment-specific utilities (like walkie-talkie for Armor and planned fitness features for Reebok eyewear) demonstrates a thoughtful product differentiation strategy.

From a monetization perspective, the $7.99/month Pro subscription creates a recurring revenue stream, offering unlimited ChatGPT queries and secure channels for business communications. However, with only 15,000 downloads to date (without significant marketing efforts), the current revenue impact is likely minimal. Even with 100% conversion to paid subscriptions (highly improbable), this would generate just $1.44 million annually.

The strategic focus on creating a proprietary software ecosystem around their hardware products is sound, as it can increase switching costs for users while providing differentiation in a potentially crowded smart eyewear market. The multi-brand approach (Lucyd, Reebok, Eddie Bauer, Nautica) gives them various market entry points, while the unified app creates economies of scale in development.

MIAMI, May 29, 2025 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (NASDAQ: LUCY; LUCYW), the manufacturer of smart eyewear under the Lucyd®, Lucyd Armor®, Reebok®, Eddie Bauer® and Nautica® brands, is pleased to announce a powerful new update to the Company's Lucyd app for iOS and Android. The Lucyd app was the first to enable voice access to ChatGPT in smart eyewear, and the Company believes these latest enhancements further advance its market position as a leader in smart eyewear.  

Below are the new updates:

• App Shopping. Both the iOS and Android versions have received a new in-app shopping experience, complete with prescription customization on all Lucyd eyewear. We believe the app shopping is faster, more immersive and more customized than our other ecommerce channels, while conveniently synchronizing order history with our main customer account system on Lucyd.co.
• New Siri Commands for Walkie. New voice prompts have been created for the iOS app's Walkie-talkie features, which enable the user to join and leave channels handsfree by activating Siri from the glasses. The user can also now mute and unmute the glasses microphones while on a Walkie channel via a Siri command. These new commands make it faster to manage communications on the move.
• Natural Voice. The iOS app's AI assistant now features upgraded voice output, delivering more natural, human speech for a more enjoyable AI interface.
• Overall UX Improvements. The app menus and screens have been tuned up and clarified on both versions.

Harrison Gross, CEO of Innovative Eyewear, said "We are advancing our goal to make the Lucyd app a powerful companion to our products, that enhances user enjoyment and product utility. While Lucyd frames are a device-agnostic accessory that provides a valuable interface for the majority of computing platforms, the app provides a deeper feature set for the power user, giving them an attractive and streamlined range of smart features to expand their Lucyd Eyewear experience. The app is also an incredible platform enabling us to develop specific features for different segments of the smart eyewear market, such as the Walkie feature for Lucyd Armor, and are planned fitness utilities to complement our Reebok smart eyewear."

In advance of any significant marketing effort, the Lucyd app has been downloaded approximately 15,000 times. A paid Pro version of the app allows users to subscribe for $7.99/month to raise the number of ChatGPT queries permitted per day from 30 to unlimited and provides the ability to create secure Walkie channels for business applications.

To see the Lucyd app in action or download it, visit Lucyd.co or search "Lucyd" in the App Store or Google Play Store.

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 Lucyd app. 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. 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.

FAQ

What new features were added to the Lucyd app by LUCY stock?

The Lucyd app added in-app shopping with prescription customization, new Siri commands for Walkie-talkie features, natural voice output for AI interactions, and improved overall user interface.

How much does the Lucyd Pro app subscription cost and what does it include?

The Lucyd Pro subscription costs $7.99/month and includes unlimited ChatGPT queries (up from 30/day in free version) and secure Walkie channels for business applications.

How many downloads has the Lucyd app achieved for LUCY stock?

The Lucyd app has been downloaded approximately 15,000 times without significant marketing effort.

What brands of smart eyewear does Innovative Eyewear (LUCY) manufacture?

Innovative Eyewear manufactures smart eyewear under the Lucyd, Lucyd Armor, Reebok, Eddie Bauer, and Nautica brands.