Innovative Eyewear Launches Four New Lucyd Lyte Smart Glasses with Enhanced Features

Rhea-AI Summary

Innovative Eyewear (NASDAQ: LUCY) has launched the Lucyd Lyte 2024 Edition smart glasses with significant upgrades. The new models feature TR90 plastic for improved adjustability and durability, resulting in a 10% weight reduction from 48 to 44 grams. Key improvements include enhanced smart features with ChatGPT-4 integration, VOIP-powered chat service, and better charging capabilities. The collection includes four models: Darkside and Eclipse with transitional lenses, and Millennia and Moonrise with polarized gradient lenses. These improvements are expected to extend to Reebok, Nautica, and Eddie Bauer product lines in 2025.

Positive

• Introduction of TR90 plastic material improving durability and adjustability
• 10% weight reduction in new models (from 48 to 44 grams)
• Addition of transitional lenses at no extra cost (typically a $75-$100 upgrade)
• Enhanced smart features including ChatGPT-4 integration

Negative

• None.

Insights

Product Development Analyst

The launch of Lucyd Lyte 2024 Edition represents an incremental but meaningful product evolution. The switch to TR90 plastic addresses key usability concerns with improved adjustability and durability, while reducing weight by 10%. The inclusion of transitional lenses as a standard feature, typically a $75-$100 upgrade, enhances product value proposition and could improve margins.

The enhanced ChatGPT-4 integration and VOIP-powered chat service show commitment to software development, though market demand for these features remains unproven. The planned expansion to licensed brand products (Reebok, Nautica, Eddie Bauer) in 2025 indicates a clear product roadmap, but success will depend on market adoption and sales performance of current models.

New smart eyewear is the Company's first to use advanced TR90 plastic for improved adjustability and durability.

MIAMI, Nov. 25, 2024 /PRNewswire/ -- Innovative Eyewear, Inc. (NASDAQ: LUCY; LUCYW), the developer of ChatGPT-enabled smart eyewear under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, announced today that it has officially launched the Lucyd Lyte 2024 Edition, bringing several improvements to the Company's core product line. Key improvements over previous models include improved adjustability and durability, reduced weight, and upgraded lenses. 

Lucyd Lyte 2024 Upgrades:

• New TR90 Temple: A new flexible plastic composite is used in the frame temples and fronts, making Lucyd Lyte 2024 the Company's first smart eyewear that is fully optician-adjustable, from front to tip. This helps to ensure a proper fit on a much wider range of users than ever before. The additional flexibility also improves the overall durability of the frames. TR90 plastic is also lightweight, enabling the new glasses to be nearly 10% lighter than the last edition of Lucyd Lyte, improving from 48 to 44 grams.
• Improved Smart Features: The Lucyd app powers the new Lucyd Walkie experience, enabling users worldwide to connect with each other for free over the Company's VOIP-powered chat service. The ChatGPT integration has been upgraded to ChatGPT-4o. The frames' charging ports have been enhanced with higher power magnets to optimize the charging experience. Finally, a battery level feature can be used by long-pressing the button on either temple, to have the battery life remaining announced to the wearer. The wearer can also check the battery life of the frames by swiping down to view the control center on a connected smartphone or watch.
• Adaptive Lenses: The Darkside and Eclipse unisex wayfarer models include transitional lenses at no additional cost to the customer. The Millennia and Moonrise models include polarized gradient lenses for maximum sun protection.
• New Health & Safety Info: An improved 5-language manual and a detailed health and safety guide provide comprehensive instruction on the products.

"Lucyd Lyte 2024 brings several significant improvements to our flagship frames, most notably the improved TR90 materials enhancing durability, fit and comfort for all-day wear. The addition of photochromic light-adaptive lenses as standard on some of the units, often seen as a $75-$100 upgrade, are included here at no additional cost, makes these frames more versatile than ever and a tremendous value to the consumer," said Harrison Gross, CEO of Innovative Eyewear, Inc. "Our team continues to raise the bar for smart eyewear, by providing a best-in-class connectivity solution for working professionals and active lifestyles. For consumers who want more out of their daily eyewear, Lucyd Lyte 2024 is the ideal solution. We anticipate these improvements, and additional sound and build quality improvements, to come to our Reebok, Nautica and Eddie Bauer Powered by Lucyd product lines in 2025."

Lucyd Lyte 2024 is officially available for purchase on Innovative Eyewear's Lucyd.co website.

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 smart 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 introduction of new products and features, 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 for the year ended December 31, 2024, under the caption "Risk Factors."

Media Contact:
Sai Main
Email: press@society22pr.com

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 are the main features of Lucyd Lyte 2024 Edition smart glasses (LUCY)?

The Lucyd Lyte 2024 Edition features TR90 plastic for better adjustability, 10% lighter weight (44 grams), ChatGPT-4 integration, VOIP-powered chat service, enhanced charging capabilities, and transitional or polarized gradient lenses depending on the model.

How much lighter is the Lucyd Lyte 2024 Edition compared to previous models?

The Lucyd Lyte 2024 Edition weighs 44 grams, which is 10% lighter than the previous model that weighed 48 grams.

What lens options are available in the Lucyd Lyte 2024 Edition smart glasses?

The Darkside and Eclipse models come with transitional lenses, while the Millennia and Moonrise models feature polarized gradient lenses.