Business
Innovative Eyewear, Inc. 2022 Year-end Review
Miami, Fla, Dec. 27, 2022 (GLOBE NEWSWIRE) -- Innovative Eyewear, Inc. (“Innovative Eyewear” or the “Company”) (NASDAQ: LUCY; LUCYW), the developer and
About this update from Innovative Eyewear, Inc.
[{"type":"text","content":"Miami, Fla, Dec. 27, 2022 (GLOBE NEWSWIRE) -- Innovative Eyewear, Inc. (“Innovative Eyewear” or the “Company”) (NASDAQ: LUCY; LUCYW), the developer and retailer of cutting-edge smart eyewear and operator of the Lucyd® and Nautica® brands for smartglasses, is pleased to disclose a summary of a strong year of innovations in R&D, new business partnerships, and significant team expansion. The Company believes these developments have furthered its goal of building the global standard in smart eyewear. To view a video of CEO Harrison Gross explaining these developments, please click here. Product Launches & Tech Development Innovative Eyewear completed development on the following products in 2022. Digital Try-on Display. A Lucyd-branded digital retail fixture that provides a virtual try-on experience to in-store clients at our partner retail stores. The proprietary software that operates the kiosk was designed and created in house and performs as smoothly as leading VTO (virtual try-on) applications developed by companies that focus solely on this software vertical . The Company is able to remotely update the Displays with new brand content and glasses styles, and the tablet can also be scanned to download the Company’s Vyrb mobile app, making it a comprehensive Lucyd brand experience in all deployed locations. Launched early in 2022.Cordless Charging Dock. This patent-pending accessory was developed in house, launched in 2022 and is a first in the smartglass space. It allows the customer to charge their Lucyd glasses simply by dropping them on their nightstand. The Dock includes three additional USB ports to enable the user to charge their phone, smartwatch, tablet and smartglasses simultaneously with one device.2022 Frame Collection. In 2022 we introduced four new models of our flagship product, including our Lucyd Lyte Jupiter model, which is leading the industry in terms of product weight. Weight is a proxy for comfort when it comes to eyewear, and the Jupiter model weighs just 28 grams, which is tied for the lightest smart eyewear on the market. Central to the luxurious look and feel of this new collection was the design and creation of new proprietary hinges that enable a more seamless appearance to the frames, which are being rolled out across all models. The launch of this collection also brought the number of Lucyd frame var...