Innovative Eyewear, Inc. Announces the 2.0 Release of its ChatGPT App for Smart Eyewear

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 major update to the Company’s Lucyd app, the first app to enable ChatGPT on smart eyewear.

The launch of the 2.0 update delivers the following new features and usability improvements to the app’s iOS version, with the same updates planned for the Android version later in 2023:

• An end-to-end upgraded visual interface, with smoother graphics and intuitive controls for a more user-friendly experience.
• An improvement to the connection to ChatGPT, allowing the user to submit long-form voice and text queries using the visual interface or via voice on Siri, removing the limitation in the 1.0 version on query lengths. Textual responses to queries now appear in a more satisfactory and digestible stream format.
• The voice quality of the app’s text-to-speech functionality has been improved.
• The sharing feature has been improved with the ability to export ChatGPT responses to email, SMS and social apps.
• The new app bypasses the need for Siri Shortcuts for handsfree use, making the onboarding of new users simpler and faster. This was developed in response to user feedback and simplifies the onboarding process. The user can simply activate Siri on their glasses and say “Lucyd” to access ChatGPT handsfree once the app is downloaded.
• A ChatGPT toolbox has been added to the visual interface with the following capabilities: the ability to generate a paragraph from a prompt, translate text into Spanish, synopsize long form text, improve the readability of content, generate an email based on a prompt, and analyze the sentiment of text. These tools use pre-specified parameters to provide certain types of information, analysis and copywriting from ChatGPT more rapidly.

Harrison Gross, CEO of Innovative Eyewear, said “We are excited to roll out a significant new upgrade to the Lucyd iPhone/iPad app just a few months after the initial release. The new state-of-the-art interface makes perhaps the world’s most powerful commercial AI easier to use than ever on our smart glasses. We look forward to introducing more features, a shop, and a pro version of the app later in 2023. We believe this will deliver more value to our community and potentially develop an additional revenue stream from users of other hearable devices that want seamless voice access to ChatGPT.”

To see the Lucyd app in action, please watch the new video here.

To download the new Lucyd app for iOS visit the App Store.

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 launch of the Lucyd 2.0 app. 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 Nautica smart eyewear connection. 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.”