MIAMI—Innovative Eyewear, Inc. (NASDAQ: LUCY; LUCYW), the developer and seller of smart eyewear and IngenioSpec LLC, a developer of smart eyewear, have announced a license agreement and settlement covering multiple IngenioSpec smart eyewear patents (IP). Harrison Gross, CEO of Innovative Eyewear, said, "We are pleased to have entered into a license agreement with IngenioSpec. This multi-year. non-exclusive license includes patents directed to a wide variety of smart eyewear features which we may include in our future products.”

He said, “We believe the combination of this IP with Innovative Eyewear's current portfolio of 63 owned and exclusively licensed patents and applications, provides a potential competitive advantage for us in the smart eyewear marketplace."

Innovative Eyewear is a developer of cutting-edge ChatGPT enabled smart eyewear, under the Lucyd, Nautica, Eddie Bauer and Reebok brands.