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Innovative Eyewear to Unveil ANSI-Certified Smart Safety Eyewear at Vision Expo West

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Innovative Eyewear (NASDAQ: LUCY) is set to unveil its first ANSI-certified smart safety eyewear, the Armor line, at Vision Expo West in Las Vegas from September 19-21, 2024. This launch comes as the smart eyewear market surpasses one million units sold in the last 12 months. The Armor line offers advanced eye protection, handsfree connectivity, and smart functionality for professional environments.

The company will also preview its upcoming Q1 2025 Reebok Collection to select industry insiders. With the Armor line's Q4 release, Innovative Eyewear aims to drive growth in the smart safety eyewear sector. The safety glass market is expected to reach $4.18bn by 2030, and the company believes its Lucyd Armor will be well-received due to its pricing and utility.

Innovative Eyewear (NASDAQ: LUCY) è pronta a svelare i suoi primi occhiali di sicurezza smart certificati ANSI, la linea Armor, al Vision Expo West di Las Vegas dal 19 al 21 settembre 2024. Questo lancio avviene mentre il mercato degli occhiali smart supera un milione di unità vendute negli ultimi 12 mesi. La linea Armor offre una protezione degli occhi avanzata, connettività senza mani e funzionalità smart per ambienti professionali.

La compagnia presenterà anche in anteprima la sua prossima Collezione Reebok Q1 2025 a selezionati esperti del settore. Con il lancio della linea Armor nel quarto trimestre, Innovative Eyewear punta a stimolare la crescita nel settore degli occhiali di sicurezza smart. Si prevede che il mercato degli occhiali di sicurezza raggiunga i 4,18 miliardi di dollari entro il 2030 e l'azienda crede che il suo Lucyd Armor sarà ben accolto grazie al suo prezzo e alla sua utilità.

Innovative Eyewear (NASDAQ: LUCY) está lista para presentar sus primeras gafas de seguridad inteligentes certificadas por ANSI, la línea Armor, en el Vision Expo West en Las Vegas del 19 al 21 de septiembre de 2024. Este lanzamiento se produce mientras el mercado de gafas inteligentes supera un millón de unidades vendidas en los últimos 12 meses. La línea Armor ofrece una protección ocular avanzada, conectividad manos libres y funcionalidad inteligente para entornos profesionales.

La compañía también presentará un adelanto de su próxima Colección Reebok Q1 2025 a selectos líderes del sector. Con el lanzamiento de la línea Armor en el cuarto trimestre, Innovative Eyewear busca impulsar el crecimiento en el sector de las gafas de seguridad inteligentes. Se espera que el mercado de gafas de seguridad alcance los 4.18 mil millones de dólares para 2030, y la empresa cree que su Lucyd Armor será bien recibido debido a su precio y utilidad.

혁신적인 안경(나스닥: LUCY)은 2024년 9월 19일부터 21일까지 라스베이거스에서 열리는 비전 엑스포 웨스트에서 ANSI 인증을 받은 최초의 스마트 안전 안경인 아머 라인을 공개할 예정입니다. 이번 출시 소식은 스마트 안경 시장이 지난 12개월 동안 판매된 100만 개 이상의 유닛을 초과할 때 이루어집니다. 아머 라인은 고급 눈 보호, 핸즈프리 연결 및 전문 환경을 위한 스마트 기능을 제공합니다.

회사는 또한 선택된 업계 내부자들에게 2025년 1분기 리복 컬렉션의 미리 보기를 제공할 것입니다. 아머 라인의 4분기 출시와 함께 혁신적인 안경은 스마트 안전 안경 분야의 성장을 촉진하는 것을 목표로 하고 있습니다. 안전 안경 시장은 2030년까지 41.8억 달러에 이를 것으로 예상되며, 회사는 Lucyd Armor가 가격과 유용성 덕분에 잘 받아들여질 것이라고 믿고 있습니다.

Innovative Eyewear (NASDAQ: LUCY) est sur le point de dévoiler ses premières lunettes de sécurité intelligentes certifiées ANSI, la gamme Armor, lors du Vision Expo West à Las Vegas du 19 au 21 septembre 2024. Ce lancement intervient alors que le marché des lunettes intelligentes dépasse un million d'unités vendues au cours des 12 derniers mois. La gamme Armor offre une protection oculaire avancée, une connectivité mains libres et des fonctionnalités intelligentes pour les environnements professionnels.

La société présentera également un aperçu de sa prochaine collection Reebok Q1 2025 à des initiés de l'industrie sélectionnés. Avec le lancement de la gamme Armor au quatrième trimestre, Innovative Eyewear vise à stimuler la croissance dans le secteur des lunettes de sécurité intelligentes. Le marché des lunettes de sécurité devrait atteindre 4,18 milliards de dollars d'ici 2030, et l'entreprise pense que son Lucyd Armor sera bien accueilli grâce à son prix et à son utilité.

Innovative Eyewear (NASDAQ: LUCY) wird auf der Vision Expo West in Las Vegas vom 19. bis 21. September 2024 seine ersten ANSI-zertifizierten intelligenten Sicherheitsbrillen, die Armor-Linie, vorstellen. Dieser Markteintritt erfolgt in einer Zeit, in der der Markt für intelligente Brillen im vergangenen Jahr über eine Million verkaufte Einheiten überschreitet. Die Armor-Linie bietet fortschrittlichen Augenschutz, freihändige Konnektivität und intelligente Funktionen für professionelle Umgebungen.

Das Unternehmen wird auch einen Ausblick auf die bevorstehende Reebok-Kollektion für das erste Quartal 2025 für ausgewählte Brancheninsider geben. Mit der Veröffentlichung der Armor-Linie im vierten Quartal will Innovative Eyewear das Wachstum im Bereich der intelligenten Sicherheitsbrillen vorantreiben. Der Markt für Sicherheitsbrillen wird bis 2030 voraussichtlich 4,18 Milliarden US-Dollar erreichen, und das Unternehmen ist überzeugt, dass die Lucyd Armor aufgrund ihres Preises und ihrer Nützlichkeit gut ankommen wird.

Positive
  • Launch of ANSI-certified smart safety eyewear (Armor line) potentially opening new commercial markets
  • Smart eyewear market surpassed one million units sold in the last 12 months
  • Pending design and utility patents on the Armor product
  • Expansion into four popular types of eyewear: prescription, sunglasses, safety glasses, and sport glasses
  • Safety glass market expected to grow to $4.18bn by 2030
Negative
  • None.

Insights

The unveiling of Innovative Eyewear's ANSI-certified smart safety eyewear marks a significant step in the company's product diversification strategy. With the smart eyewear market surpassing 1 million units sold in the past year, the timing seems opportune. The safety glass market's projected growth to $4.18 billion by 2030 presents a substantial opportunity for Innovative Eyewear to capture market share.

However, investors should note that while the potential is promising, the company's ability to penetrate this market effectively remains unproven. The success of the Armor line will depend on factors such as pricing strategy, distribution channels and adoption rates in professional environments. The company's multi-brand approach (Lucyd, Nautica, Eddie Bauer, Reebok) could provide diverse market entry points, but it may also dilute focus and resources.

Innovative Eyewear's integration of ChatGPT into their smart eyewear is a notable technological differentiator. This AI-powered feature could potentially enhance user experience and functionality, setting their products apart in a competitive market. The combination of safety certification (ANSI) with smart features addresses a unique niche, bridging workplace safety requirements with technological advancement.

The auto-tinting lenses and wrap-style design demonstrate attention to user needs and market trends. However, the real test will be in the seamless integration of these features without compromising comfort or safety standards. The pending design and utility patents, if granted, could provide a competitive edge, but the strength and scope of these patents will be important in maintaining market position against potential imitators.

MIAMI, Sept. 17, 2024 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (NASDAQ: LUCY; LUCYW), the developer of ChatGPT-enabled smart eyewear under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, is pleased to announce the unveiling of their first ANSI-certified smart safety eyewear at Vision Expo West in Las Vegas, Nevada, September 19th-21st 2024.

We believe this launch comes at a pivotal moment, as the smart eyewear market has surpassed one million units sold in the last 12 months.1 The Armor line represents a breakthrough in safety and technology, offering wearers advanced eye protection as well as handsfree connectivity and smart functionality designed for professional environments. We believe this product has the potential to open new commercial markets and retail segments for the Company, such as logistics and medical companies, as well as hardware retailers. The Armor will be the Company's first wrap-style sunglass, which aligns well with consumer trends, and comes standard with light-reactive, auto-tinting lenses for flexible indoor and outdoor use. The Company has pending design and utility patents on the product.

We will also offer private previews of our upcoming Q1 2025 Reebok Collection to select industry insiders. With the Armor line hitting the market in Q4, we believe Innovative Eyewear is poised to drive the next phase of growth in the emerging smart safety eyewear sector, positioning the company for new revenue streams.

Harrison Gross, CEO of Innovative Eyewear, said "After two years of development, we are very pleased to present our smart safety eyewear to the optical industry. Along with the unveiling of our Reebok sport smartglasses and fully-adjustable Lucyd Lytes, we are meeting our mission to add smart features to the four most popular types of eyewear: prescription eyeglasses, ready-to-wear sunglasses, safety glasses and sport glasses. The safety glass market alone is expected to grow to $4.18bn by 2030,2 and we believe our Lucyd Armor smart eyewear will be well-received due to its value pricing and high utility."

The Armor is anticipated to start shipping to retailers and consumers October 2024. To learn more about our ChatGPT enabled smart eyewear, please visit Lucyd.co or our Vision Expo West booth #P19027.

  1. https://observer.com/2024/09/ai-smart-glasses-startup-challenge-meta/
  2. https://www.maximizemarketresearch.com/market-report/global-safety-eyewear-market/111306/

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 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 timing of new product launches, the size of the safety glass market and our place in the marketplace. 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, "expect," "anticipate," "intend," "plan," "believe," "estimate," "potential," "predict," "project," "should," "would" and similar expressions and the negatives of those terms. 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

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/innovative-eyewear-to-unveil-ansi-certified-smart-safety-eyewear-at-vision-expo-west-302249754.html

SOURCE Innovative Eyewear, Inc.

FAQ

When will Innovative Eyewear (LUCY) unveil its ANSI-certified smart safety eyewear?

Innovative Eyewear (LUCY) will unveil its ANSI-certified smart safety eyewear, the Armor line, at Vision Expo West in Las Vegas from September 19-21, 2024.

What new product is Innovative Eyewear (LUCY) launching in Q4 2024?

Innovative Eyewear (LUCY) is launching the Armor line, its first ANSI-certified smart safety eyewear, in Q4 2024.

What is the expected market size for safety glasses by 2030?

The safety glass market is expected to grow to $4.18 billion by 2030, according to the press release.

What brands does Innovative Eyewear (LUCY) develop smart eyewear for?

Innovative Eyewear (LUCY) develops ChatGPT-enabled smart eyewear under the Lucyd, Nautica, Eddie Bauer, and Reebok brands.

Innovative Eyewear, Inc.

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