Innovative Eyewear Launch of Smart Safety Eyewear

Tekcapital Plc (AIM: TEK), the UK intellectual property investment group notes that Innovative Eyewear, Inc. ("Innovative Eyewear") (NASDAQ: LUCY; LUCYW), the developer and retailer of ChatGPT enabled smart eyewear under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, has announced the unveiling of their first American National Standards Institute (ANSI) certified smart safety eyewear at Vision Expo West in Las Vegas, Nevada, September 18th-21st 2024.

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. This product has the potential to open new commercial markets and retail segments for Innovative Eyewear, such as logistics and medical companies, as well as hardware retailers. The Armor will be Innovative Eyewear'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. Innovative Eyewear has pending design and utility patents covering the product.

Lucyd Armor frames and their shelf-ready retail packaging courtesy of Innovative Eyewear Inc.

Harrison Gross, CEO of Innovative Eyewear Inc., commented:

"After two years of rigorous 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 US$4bn 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 in October 2024. To learn more about our ChatGPT enabled smart eyewear, please visit www.lucyd.co or Innovative Eyewear's Vision Expo West booth #P19027.

About Innovative Eyewear, Inc.

Tekcapital currently owns 259,455 shares of Innovative Eyewear, Inc.

Clifford M. Gross, Ph.D.

Richard Morrison/Charlie Bouverat (Corporate Finance)/Abigail Wayne / Rob Rees (Corporate Broking)

Tim Thompson/Andrea Seymour/Fergus Mellon