Innovative Eyewear Announces Two New Patent Filings And Receipt Of Notices Of Allowance On Smart Safety Eyewear

Innovative Eyewear, Inc. ("Innovative Eyewear" or "the Company") (NASDAQ:LUCY) (NASDAQ:LUCYW), the developer of smart eyewear under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, today announced the filing of two new United States patent applications, a utility application, No. 18/605,092, entitled  SMART EYEWEAR HAVING ACCESSIBLE TACTILE CONTROLS and a design application, No. 29/930,655, entitled SAFETY EYEWEAR. Innovative Eyewear also announces receipt of notices of allowance on three smart eyewear design patent applications (patent application Nos. 29/806,204, 29/806/207, 29/806/209) and expects design patents to issue from these three allowed applications after payment of issue fees.  

The two new patent applications are directed to the Company's new Lucyd Armor smart safety glasses product, planned to be introduced in mid-2024 in response to initial demand from potential customers. The new utility patent application is directed to functional aspects of product, while the new design patent application is directed to the ornamental design of the product. The Company developed Lucyd Armor to meet perceived needs of industrial and medical safety glass users.

"Lucyd Armor smart safety glasses are a unique product that we are thrilled to bring to the personal protective equipment market," said Innovative Eyewear CEO Harrison Gross. "The culmination of rigorous in-house R&D, we believe these products will deliver a cutting-edge experience to safety glass users around the world, making it easier than ever to communicate handsfree in various work environments.

"We are commencing testing to ensure our smart safety eyewear meets OSHA standards and expect to have the glasses available to consumers in the coming months. In addition to our direct to consumer channels such as Amazon and BestBuy.com, we look forward to launching Lucyd Armor in hardware and home improvement stores, developing an entirely new vertical for the company."

Safety glasses represent an important segment of both the PPE (personal protective equipment) and eyewear markets, with an approximate $3bn global market, expected to grow to $4.18bn by 2030.1 Safety glasses are required equipment for a multitude of professions, from construction sites and warehouses to operating rooms and research facilities around the globe. By combining the safety features of this class of eyewear with Innovative Eyewear's open-ear communication and AI features, the Company believes the product will make it easier and safer than ever for teams to collaborate in a variety of work environments. To support team communications, Innovative Eyewear's free Vyrb app for iOS and Android provides verbal VOIP chatrooms for up to 100 participants at a time.