Miami, Florida--(Newsfile Corp. - July 18, 2024) - Innovative Eyewear Inc. (NASDAQ: LUCY) (NASDAQ: LUCYW) ("Innovative Eyewear" or "the Company"), the developer of smart eyewear under the Lucyd, Nautica, Eddie Bauer and Reebok brands, today announced the debut of a new Walkie-Talkie feature on all Lucyd Eyewear. The new update to the Lucyd app for iOS and Android, released this week, enables Lucyd users worldwide to speak to each other through walkie-talkie style communication channels on their glasses. This new feature provides instant, unlimited voice conferencing with up to thousands of users on each channel.

"Imitating the simple controls of walkie talkies, but removing their typical signal radius limitations, makes this a fast, powerful and convenient communication feature of our glasses," said Harrison Gross, CEO of Innovative Eyewear. "No dialing, waiting for an answer, or conferencing in folks - just share a channel number and join in real time. We anticipate this feature will be well-received by industrial and warehousing customers of our upcoming smart safety glasses. We look forward to providing this handy new tool to working teams worldwide."

Lucyd Armor smart safety glasses (patent pending) - photo courtesy Innovative Eyewear Inc.

Designed with large teams of safety glass users in mind, this feature will make Innovative Eyewear's upcoming Lucyd Armor smart safety glass a communication tool and personal protection equipment in one convenient device. For example, the entire staff of a warehouse or hospital can communicate freely with each other, handsfree on their safety glasses.

The Company is also pleased to share that last week, it received ANSI certification on the upcoming Lucyd Armor product, enabling it to be sold as certified safety glasses. The Company views the global safety glass market, valued at $7.9b worldwide with a CAGR of 13.85%1, as an important growth opportunity, and a necessary step in its mission to Upgrade your Eyewear.

As listed below, this new walkie-talkie feature is another smart eyewear industry first introduced by Innovative Eyewear Inc., the holder of 112 patents, applications and licenses in the smart eyewear industry.

• First US company to ship prescription-fitted smartglasses direct to consumer.
• First US company to develop and produce a line of smart eyewear in 10+ distinct styles, in 2019. We now offer more than 30 styles.
• First US company to offer multiple smart eyewear styles for women & youth.
• First to develop a cordless charging cradle for smartglasses, that fits any size of glasses.
• First to introduce smart eyewear with titanium front plates in the US market, in 2021.
• First smart eyewear with 12 hours of talk/music time or 160 hours of standby Bluetooth per charge. The longest battery life in the category.
• First smart eyewear company to introduce ChatGPT in glasses in 2023 and introduce the first wearable Generative AI product in the world.
• First Company to provide flexible spring hinges for smart eyewear.
• First Company to introduce a social audio platform purpose-built for glasses, Vyrb.

1.

About Innovative Eyewear Inc.

Innovative Eyewear is a developer and retailer 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 about our smart eyewear collection and explore the future of eyewear technology, please visit .

Forward-Looking Statements

This press release contains certain forward-looking statements, including those relating to the launch of new 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. 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."