Innovative Eyewear, Inc. Announces New Patent Filing on Self-adjusting Spring Hinges for Smartglasses

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Sep 11, 2023, 07:00 ET

MIAMI, Sept. 11, 2023 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (NASDAQ: LUCY; LUCYW), the developer of smart eyewear under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, is excited to announce a patent filing on a key product innovation, flexible spring hinges for smart eyewear.

A prototype Lucyd Lyte 2.0 with the new flex hinge. Photo courtesy of Innovative Eyewear, Inc.

The new patent application, entitled Spring-loaded Hinges for Smartglasses (# 18/463,465) covers a proprietary component developed by the Company to enhance comfort in smart eyewear. The addition of flexible hinges, planned for most upcoming frames produced by the Company, will enhance both the comfort and the range of fit for the frames, enabling each style to be worn by a wider array of users. Finally, we believe these new hinges will also increase the durability of the frames by reducing stress points on the temples caused by extended wear.

Harrison Gross, CEO of Innovative Eyewear, said "The development of compact spring hinges for smart eyewear is another positive advent in our mission to build the global standard in the category. We believe this new component will improve the all-day comfort and durability of our eyewear. This latest innovation reinforces our brand promise to Upgrade your Eyewear^® and follows our previous innovations including the introduction of ChatGPT in smart eyewear with the Lucyd app, the launch of Vyrb, the first social audio app for smart eyewear, photochromic blue light lenses, an industry-leading 12-hour battery life, some of the world's lightest smart eyewear frames in sizes and styles to fit men, women and youth, titanium front frames, and the first wireless dock charger for smart eyewear. We look forward to launching the new self-adjusting hinges, starting with our Lyte 2.0 XL collection debuting in October 2023, alongside additional unique designs and product upgrades."

About Innovative Eyewear, Inc.

Innovative Eyewear is a developer of cutting-edge ChatGPT enabled 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 use of proceeds from the offering, introduction of new product lines 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 self-adjusting hinges in our products. 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

SOURCE Innovative Eyewear, Inc.