Innovative Eyewear, Inc. Announces Real-Time AI Translated Calls for the Lucyd App
Rhea-AI Summary
Innovative Eyewear (NASDAQ:LUCY) launched real-time AI translated calls in its Lucyd app for iOS and Android. The feature enables one-on-one English-Spanish calls where each user speaks their native language and hears an instant translation. It uses AI to transcribe, translate, and reproduce speech in the speaker’s voice. A freemium model offers 40 minutes of translated calls daily, with a $7.99/month subscription for higher use. The capability targets multilingual workflows in construction and logistics and is planned to expand to more languages.
Positive
- Launch of AI-powered English-Spanish real-time translated calls in the Lucyd app
- Freemium model with optional $7.99/month subscription for more than 40 minutes daily
- Feature designed to support multilingual teams in construction and logistics industries
Negative
- Free translated calling tier limited to 40 minutes per day per user
News Market Reaction – LUCY
In the May 14 session, LUCY gained 1.42%, reflecting a mild positive market reaction. Argus tracked a trough of -8.5% from its starting point during tracking. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous AI Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Oct 14 | AI marketing launch | Positive | -4.5% | Debut of generative AI eyewear fashion show using AI-created models. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Prior AI-tagged news saw a negative reaction despite a product/marketing innovation focus.
The company’s AI-related history includes a notable event on Oct 14, 2024, when it launched a generative AI fashion show for its eyewear lines, highlighting ChatGPT-enabled smart eyewear and AI-generated models. That announcement emphasized marketing and brand innovation but was followed by a -4.46% move over 24 hours, suggesting past AI initiatives did not automatically translate into favorable short-term price reactions.
Key Terms
ai technical
bluetooth technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Last year, the Company introduced the first translation functionality in the app, which enabled verbal translations, "hot-seat" style, with two or more users speaking between 17 languages to a single phone and connected smart glasses. This new feature brings Translate functionality to one on one calls in the Walkie applet, so users can speak freely in their native language on their device, and the other person will hear it translated instantly into their preferred language on their own device. The only requirement is that both users have the free Lucyd app and a web connection, delivering this powerful new functionality not only to our glasses users, but also users of any Bluetooth hearable.
The process is smooth and instant, but involves a complex array of AI-assisted processes. First, the spoken language is transcribed and interpreted by the AI; then the speaker's voice itself is nearly muted while the AI verbalizes a translation of the transcript in the original user's own voice pattern to the second person's device. The result is authentic, human-sounding translations – not the robotic verbalizations common with many translation platforms. The initial launch supports English-Spanish bilateral translation, with additional languages planned to launch in the future. The feature was developed directly in response to needs in the construction and logistics industries, where multilingual teams, both on a single site and across job sites, are common. The Lucyd app now facilitates lightning-fast translations between any two people, whether or not they are physically together.
Key Features of the Update:
- English to Spanish and Spanish to English translations made completely effortless, regardless of speaker proximity.
- "Freemium" model, with a
$7.99 - Facilitates smoother workflows for multilingual teams.
- Makes the Lucyd app an all-in-one hub for both local and remote translation.
- Additional languages are in development for future release.
Harrison Gross, CEO of Innovative Eyewear, said "Translation has emerged as a killer app for smart glasses and wearables in general. I believe we are offering some of the strongest communication features available on wearables today. The beauty of the Lucyd app is that not only can we use it to deliver fantastic new features to our glasses customers without cumbersome firmware updates, it's also emerging as an applet store that can benefit users of all Bluetooth devices, not just our glasses, with powerful voice and AI utilities. We see this as part of a larger strategy to develop optimal AI utility on wearables in a user-centric, platform-agnostic fashion, that makes it easy for users of other Bluetooth hardware to join the Lucyd ecosystem from the software side first."
To see the new feature in action, watch the video. To download the app, 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 Translate features on 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: IR@skylineccg.com
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SOURCE Innovative Eyewear, Inc.