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Innovative Eyewear, Inc. Announces New Verbal Translation Feature for the Lucyd ChatGPT App

1. Innovative Eyewear launches translation feature in the Lucyd app for users. 2. The Lucyd app offers voice-based translations in 17 languages, enhancing utility. 3. Translation features cater to travel needs, allowing offline usage in remote areas. 4. Lucyd app downloads exceed 18,000 with opportunities for Pro subscriptions. 5. CEO emphasizes the app's importance in connecting users through language barriers.

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Why Bullish?

The introduction of a high-demand feature enhances utility and attracts more users, similar to successful upgrades by tech companies in the past.

How important is it?

The new features directly address market demands and could significantly boost user engagement and sales.

Why Short Term?

Short-term increases in downloads and user engagement are expected due to the new feature, but long-term impact depends on market adoption.

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, /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (NASDAQ: LUCY; LUCYW), the manufacturer of smart eyewear under the Lucyd®, Lucyd Armor®, Reebok®, Eddie Bauer® and Nautica® brands, is pleased to announce a powerful new update to the Company's Lucyd app for iOS and Android. The Lucyd app was the first to enable voice access to ChatGPT in smart eyewear, and the Company uses the app to deploy useful new features to users of its smartglasses.    Translation comes to the Lucyd app, free for all users. Image courtesy Innovative Eyewear, Inc. We believe the new Translation feature is a strong addition to the app, that adds fluid, voice-based translations for users of Lucyd eyewear and other hearables. Translation is an often-cited use case for wearables, particularly useful for travel applications, and we believe it provides incredible new utility for Lucyd eyewear users. The feature is in open beta, available to all users on the latest version of the app. Feedback can be submitted via the support form within the app. A full release with expanded device compatibility is anticipated in the next month.Translation comes to the Lucyd app, free for all users. Key features of the update: Translate between 17 languages in real time, including Chinese, Japanese and Arabic. Streamlined and flexible interface allows user to speak and hear their preferred language on Lucyd eyewear or their phone, while the other person speaks to and hears the phone in their preferred language. The app automatically speaks and displays translated phrases, so users can hear or read translations. No cumbersome typing, just pick your languages and start conversing. The user can rapidly switch between languages, with only a one-time brief load for languages to be downloaded when first used. The app uses native device language models for smooth rendering of voice input with no typing needed. Other translation apps often require typing for accurate non-English language inputs, while the Lucyd app runs well on voice alone thanks to the use of device-based languages. Once languages are downloaded, the translation function can be used completely offline, making it ideal for travel even in areas with no reception. Harrison Gross, CEO of Innovative Eyewear, said "The Lucyd app is a vital tool for introducing new features to complement our smart eyewear releases, as well as providing valuable services to other Bluetooth device users who have not yet switched to Lucyd. In addition to bridging our users to the powerful ChatGPT AI via Siri and Bixby, the app has introduced other critical features such as Walkie. Now, with Lucyd Translate, our glasses become an incredible ally for travels abroad, and for speaking with colleagues across language barriers—even when missing an internet connection. Translation is an often-cited "killer app" for wearable products, and we are pleased to offer a refined, glasses-forward approach to this important feature. I highly encourage everyone reading this to download the Lucyd app and use it to facilitate your next cross-language conversation."In advance of any significant marketing effort, the Lucyd app has been downloaded over 18,000 times. A paid Pro version of the app allows users to subscribe for $7.99/month to raise the number of ChatGPT queries permitted per day from 30 to unlimited, and provides the ability to create secure Walkie channels for business applications. At launch, Lucyd Translate is fully free for all users with no limit. The Company plans to make unlimited translations an additional incentive for our Pro app subscribers.To see the Lucyd app in action or download it, visit Lucyd.co or search "Lucyd" in the App Store or Google Play 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 StatementsThis press release contains certain forward-looking statements, including those relating to the Lucyd Translate feature on the Lucyd 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. 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 PowellSkyline Corporate Communications Group, LLCOffice: +1 (646) 893-5835Email: [email protected]SOURCE Innovative Eyewear, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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