Innovative Eyewear Announces Lucyd Armor™ Safety Certification for Canada

Rhea-AI Summary

Innovative Eyewear (NASDAQ: LUCY) has announced that its Lucyd Armor™ smart safety glasses have received CAN/CSA Z94.3:20 safety certification for workplace use in Canada. The Armor line, launched in October 2024, has achieved significant market traction with a 4.1/5 rating on Amazon and over 90% of initial production sold.

The company plans to expand distribution through Amazon.ca and partnerships with Canadian eyewear retailers New Look and Kits.com in 2025. The Lucyd Armor™ is part of the company's ChatGPT-enabled smart eyewear portfolio, which includes brands such as Nautica®, Eddie Bauer® and Reebok®.

Positive

• Obtained Canadian safety certification for workplace use
• 90% of initial Armor production run has been sold
• 4.1/5 rating on Amazon indicates strong product acceptance
• Expansion into Canadian market through major retailers planned

Negative

• None.

News Market Reaction

+4.06%

1 alert

+4.06% News Effect

On the day this news was published, LUCY gained 4.06%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

MIAMI, Jan. 16, 2025 /PRNewswire/ -- Innovative Eyewear, Inc. (NASDAQ: LUCY; LUCYW), the developer of ChatGPT-enabled smart eyewear under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, today announces that its groundbreaking Lucyd Armor™ smart safety glasses have received CAN/CSA Z94.3:20 safety certification. Lucyd Armor can now be sold in Canada as a certified safety glass for workplace use.

The Armor line launched in October 2024, with thousands of customers already enjoying the new smart eyewear platform for a range of uses from work to sport. The product boasts a 4.1/5 rating on Amazon, and over 90% of the initial production run has sold, which we believe indicates customer satisfaction with the product.

"From the moment Armor launched we knew we were filling a market need that had been unaddressed," said Harrison Gross, CEO of Innovative Eyewear. "I am so pleased that we can now extend our reach to our neighbors in the North with this unique product. I hope to be launching the Armor line shortly on Amazon.ca, and offering the frame through our partnerships with New Look and Kits.com, two of the largest eyewear retailers in Canada, in 2025,."

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 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 safety certification did Lucyd Armor (LUCY) receive in Canada?

Lucyd Armor received the CAN/CSA Z94.3:20 safety certification, allowing it to be sold as certified safety glasses for workplace use in Canada.

How successful has the Lucyd Armor (LUCY) launch been since October 2024?

The launch has been successful with over 90% of initial production sold and a 4.1/5 rating on Amazon.

Which Canadian retailers will distribute Lucyd Armor (LUCY) in 2025?

Lucyd Armor will be available through Amazon.ca, New Look, and Kits.com in Canada.

What is the customer satisfaction rating for Lucyd Armor (LUCY) on Amazon?

Lucyd Armor has received a 4.1/5 rating on Amazon, indicating strong customer satisfaction.