tw0122
4 weeks ago
Strategic Partnerships and Market Expansions
Industry Presence. In March, Innovative Eyewear showcased its latest advancements at Vision Expo East, followed by a presentation at the Boston Reebok Spring Meetup. We believe these events provided valuable networking opportunities, customer feedback on new products, and strengthened our market presence.
Big Box distribution. We have secured a new partnership with Windsor Eyes, a distributor for select US optical and big box channels.
New Retail Opportunities: As touched on in our recent quarterly results release, interest in smart eyewear driven by Apple's Vision Pro product and Ray Ban Meta glasses has increased optical retailer interest in partnering with the Company. We believe this is evidenced by our current multi-store test with New Look Vision Group, the largest optical chain in Canada by number of locations. We are also in discussions with major domestic eyewear retailers and distributors for potential late 2024 / early 2025 sales of smart eyewear under our licensed brands.
Latin America: We are pursuing new opportunities with optical retailers in Latin America, broadening our international reach. So far, we have partnered with FUDEM (the state opticianry of El Salvador), Optometra stores in Puerto Rico, DiOptik in Bolivia, Distribuidora De Productos Opticos SA in Honduras and Universo Optico SA in Guatemala. We are also in discussions with optical chains in Brazil and Mexico for rollouts in those markets, which are the two biggest markets in Latin America.
Amazon Germany: We have launched our Amazon store in Germany, making our products available throughout the entire EU. This move marks the first entry of smart eyewear powered by Lucyd in these 27 countries. It aims to kick off a flywheel effect, driving distributor interest in the EU and expanding into the Middle East, Africa, and Eastern Europe. You can visit our store at Amazon Germany.
Product Launch and Market Interest
Since the beginning of the year, demand for our Nautica and Eddie Bauer licensed products has grown, as we garner interest from optical groups across the USA and LATAM.
Reebok Smart Eyewear and Lucyd Armor: Both lines are on track to ship to consumers and retailers in Q4. We view these projects as strategic as they leverage the rising demand for smart eyewear. They are key to establishing a first-mover advantage in the generative smart eyewear market for athletic and industrial applications. Additionally, we are expanding into existing brick-and-mortar distribution channels and exploring opportunities in industrial and home improvement sectors. The launch of these products will complete the Company's coverage of all four major segments of the smart eyewear market: sunglasses, eyeglasses, sport glasses and safety eyewear.
With upcoming upgrades to Siri, and other voice AI's like Microsoft Copilot emerging, we believe our products are well-positioned as an interface for these systems. Our products, branded with household names such as Nautica, Reebok, and Eddie Bauer, perfectly align with this new era of generative voice computing, providing the ideal wearable fashion accessory for seamless integration into this evolving technological landscape. Our frames are device and AI agnostic, making them an ergonomic and flexible onramp for almost any user to streamline their interactions with voice-based platforms.
B RY
1 month ago
Just my opinion, but Lucy has an opportunity to become a large high tech innovator if they follow a proven path. The ball is in their hands and time will tell. Let's see if Lucy hits 39 cents and rebounds like another company with potential did so many years ago. I feel comfortable with the correlation comparison considering they both started with a hot selling high tech product made in china.
"Apple was co-founded by Steve Jobs and Steve Wozniak in 1976 and one year later launched the Apple II computer. The company, officially known at the time as Apple Computers Inc, went public on the Nasdaq stock exchange on 12 December 1980, at a split-adjusted cost of 39 cents per share. Four years later Apple launched the first Macintosh computer.
Appleโs board of directors ousted Jobs from the company in 1985 only for him to return as CEO in 1997. At that time, Apple was on the verge of bankruptcy but Jobs had a turnaround plan, including securing a $150 million investment from Microsoft to support Office products for the Mac.
By October 1997, Apple stock growth history hadn't started yet as shares were trading at 78 cents (split-adjusted) a piece. Savvy investors who recognised Jobsโ vision were in for a treat over the coming decades. Appleโs 1998 launch of the iMac was an important moment for Apple but not as important for Apple stock history."