Fintech PR
Global Smart Eyewear Market Size Expected to Reach $10.6 Billion By 2024
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PALM BEACH, Fla., Dec. 13, 2023 /PRNewswire/ — Smart glasses are considered as wearable computer glasses that add information to what the wearer sees such as navigation, health and fitness, designing, virtual reality (VR) and augmented reality (AR), and much more. Smart glasses are not yet a mainstream consumer good but are mainly used in entertainment industry, military and businesses. Soon the global smart glass market will emerge as important and trendy as the regular eyewear. Goldstein Research analyst forecasts the smart glasses market size is set to reach USD 10.6 billion by 2024, registering a CAGR of 21.5% over the forecast period. Another report from Grand View Research added that the global smart glasses market size was valued at USD 1,232 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 27.1% from 2023 to 2030. The demand for smart glasses is increasing due to their ability to perform complex computer powered tasks. Moreover, the rising trend of wearable technology coupled with increasing technological advancements is expected to fuel the growth of smart glasses market further… the market for smart glasses is projected to benefit from new developments in 5G technologies and a rising shift toward digitization in the forecast period. The report said: “The ability of platforms to work with conservational platforms such as Google Assistant and Alexa are allowing users hands free operability. Apple Inc. is working towards its own smart glasses which will be compatible with iOS operating system and will incorporate siri to offer hands free operability experience to its users… The increased technological innovations is expected to fuel the market growth over the forecast period.” Active Tech Companies active today in markets include: Innovative Eyewear, Inc. (NASDAQ: LUCY), GoPro, Inc. (NASDAQ: GPRO), Vuzix Corporation (NASDAQ: VUZI), NVIDIA Corporation (NASDAQ: NVDA), Snap Inc. (NYSE: SNAP).
“The deployment of 5G has helped smart glasses manufacturers to improve AR experience. 5G technology has helped market players to reduce their focus on processing power and storage capacity and focus on miniaturization of devices and components enabling vendors to make their sensors more versatile by bundling additional sensors into their devices. The audio smart glasses segment registered for the largest revenue share of around 29% of the market in 2022. These audio smart glasses works as a substitute for earphones or headphones as they provide audio to the speakers attached to the glasses via cable running through the sunglasses’ steel hinges. Additionally, it produces crystal clear sound that goes straight into ears without any hinderances from outside, which is expected to drive the growth further… The bluetooth segment accounted for the largest revenue share of around 50% of the overall market in 2022 and is expected to register a significant growth in the forecast period.”
Innovative Eyewear, Inc. (NASDAQ: LUCY): Innovative Eyewear, Inc. Launches Nautica Smart Eyewear Under Multi-Year, Global Licensing Agreement with Authentic Brands Group – Innovative Eyewear, Inc. (“Innovative Eyewear” or the “Company”) (NASDAQ: LUCY; LUCYW), the developer of smart eyewear, is pleased to announce through an agreement with Authentic Brands Group (Authentic), the launch of the Nautica Smart Eyewear collection.
“Smart eyewear was once firmly in the remit of early adopters and tech enthusiasts alone. We are changing that forever by producing smart eyewear that is not only a functional Bluetooth accessory, but a fun and trendy fashion statement,” said Harrison Gross , CEO of Innovative Eyewear. “Combining our technology with the popular and storied Nautica brand is sure to delight consumers worldwide, and further advance our mission to make the future of eyewear smart. We look forward to launching the line via our optical store partners in January, as well as on Nautica.com soon after.”
Nautica smart eyewear will be made in eight initial sunglass styles, with two of the styles also available with a blue light-blocking lens for indoor use. All of the frames will be able to accept prescription lenses. The collection also features Nautica’s first-ever “Global Fit” frame for consumers with a low nose bridge, which paves the way for the products to be sold in additional regions. The line also features hi-fi Bluetooth 5.2 audio, 12 hours of music per charge, 99% post-consumer recycled packaging, patent-pending auto-adjusting hinges, and several branded accessories including a power brick, cleaning cloth and a slipcase with the iconic Nautica sail logo.
“When it comes to Nautica, we’ve always been dedicated to providing consumers with style and fashion. Partnering with Innovative Eyewear to launch Nautica Smart Eyewear allows us to take that commitment to the next level. These smart glasses not only reflect our brand ethos but also provide users with an innovative and stylish way to engage with the world,” said Henry I. Stupp, President, Lifestyle EMEA – INDIA at Authentic.
ADDITIONAL LUCY NEWS: Innovative Eyewear, Inc. Announces the 2.0 Release of its Android ChatGPT App for Smart Eyewear – Also the Company announced a key update to the Company’s Lucyd app for Android, the first app to enable a voice interface for ChatGPT.
The launch of the 2.0 update delivers powerful new features and usability improvements, following similar upgrades made to the iOS version earlier this year.
- A ChatGPT toolbox has been added to the app with the following capabilities: the ability to write a paragraph from a prompt, translate English into Spanish, synopsize long tracts of text, improve the readability of text, generate an email with a prompt, and analyze the emotion of text. These tools use pre-specified parameters to generate useful types of analysis and copywriting from ChatGPT more rapidly.
- An updated visual interface, with smoother graphics and intuitive controls for a more user-friendly experience.
- Textual chat responses to queries now appear in an updated stream format.
- The voice quality of the app’s text-to-speech functionality has been improved.
- The sharing feature has been updated to include the ability to export ChatGPT responses to email, SMS and social apps.
- Additionally, the app is in the final stages of approval with Google for enabling handsfree Google Voice access to ChatGPT on Lucyd Eyewear. This final feature of the 2.0 update is expected to go live later this month.
Harrison Gross , CEO of Innovative Eyewear, said “We are excited to launch the new version of the Lucyd app for Android, which powers seamless voice access to ChatGPT on Lucyd eyewear. The new state-of-the-art interface makes the world’s most popular AI language model easier to use than ever on our glasses and while on the go.
We look forward to introducing additional features, a shop, and a pro version of the app in the near future. We also anticipate making the app a hub for connecting to multiple AI systems through our glasses with voice control, as outlined in our pending utility patent on the app. We believe this will deliver more functionality to our community and foster the development of an additional revenue stream from users of other “hearables” that want seamless voice access to ChatGPT.” BOTH RELEASES CONTINUED… Read these full Press Releases for Innovative Eyewear at: https://lucyd.co/blogs/blog
In other tech developments in the markets of recent:
GoPro (NASDAQ: GPRO) recently announced a new partnership with Vans that will deliver immersive POV footage from the lineup at the iconic Vans Pipe Masters surf contest. GoPro is the official camera of the event, featuring the world’s top tube riders vying for the title. The Vans Pipe Masters contest is the most globally watched surf event in the world, with the 2022 contest reaching more than 700K live viewers and garnering more than 14M views of event content.
“GoPro is a leader in bringing a unique perspective—the surfers point of view—to the viewer. We’re excited to partner with an innovative company like GoPro to provide an elevated viewer experience from the competitors point of view at the Vans Pipe Masters,” says Scott Sisamis, Director of Brand Marketing Surf, at Vans.
Vuzix® Corporation (NASDAQ: VUZI), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, recently announced it has completed delivery against the final stage of a development program from a leading US-based defense contractor and information technology services provider.
Vuzix has delivered a custom-designed waveguide and custom light engine that are intended to be used in head borne systems designed for military applications. This initial development program was part of a phased effort that would ultimately address a broad market for US and allied military personnel. These customized waveguide-based display engine prototypes offer a high brightness, high index waveguide design with a wide FOV (field-of-view) for a variety of field operational conditions.
NVIDIA Corporation (NASDAQ: NVDA) recently announced a generative AI microservice that lets enterprises connect custom large language models to enterprise data to deliver highly accurate responses for their AI applications.
NVIDIA NeMo™ Retriever — a new offering in the NVIDIA NeMo family of frameworks and tools for building, customizing and deploying generative AI models — helps organizations enhance their generative AI applications with enterprise-grade retrieval-augmented generation (RAG) capabilities.
As a semantic-retrieval microservice, NeMo Retriever helps generative AI applications provide more accurate responses through NVIDIA-optimized algorithms. Developers using the microservice can connect their AI applications to business data wherever it resides across clouds and data centers. It adds NVIDIA-optimized RAG capabilities to AI foundries and is part of the NVIDIA AI Enterprise software platform, available in AWS Marketplace.
Snap Inc. (NYSE: SNAP) recently announced financial results for the quarter ended September 30, 2023. “Our revenue returned to positive growth in Q3, increasing 5% year-over-year and flowing through to positive adjusted EBITDA as our reprioritized cost structure demonstrated the leverage in our business model,” said Evan Spiegel, CEO. “We are focused on improving our advertising platform to drive higher return on investment for our advertising partners, and we have evolved our go-to-market efforts to better serve our partners and drive customer success.”
Jerry Hunter, Chief Operating Officer, has notified Snap that he will retire. Mr. Hunter joined Snap seven years ago and served an important role in building the company’s engineering and business structures. Mr. Hunter’s duties and responsibilities will be transitioned by the end of the month and he will continue to support Snap through July 1, 2024 to help ensure this transition is effective.
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JAKARTA, Indonesia, Oct. 18, 2024 /PRNewswire/ — Nium, the leading global infrastructure for real-time cross-border payments, is thrilled to announce a partnership with Bank Rakyat Indonesia (BRI) to provide Indonesian customers with real-time international money transfer capabilities. This collaboration aims to enhance the cross-border offerings for BRI’s individual and corporate customers, delivering more accessible and cost-effective financial services across Indonesia.
This partnership empowers more than 150 million BRI account holders, including those in remote regions of Indonesia, to access modern, real-time cross-border payment services. The offering includes a variety of real-time payment mechanisms, supporting bank account destinations, a global electronic card network, and digital wallets. These innovations are closely aligned with BRI’s ongoing mission to provide affordable and customer-focused financial products, particularly for traditionally underserved communities.
BRI’s Corporate Secretary, Agustya Hendy Bernadi, emphasized BRI’s dedication to constantly improving customer convenience through innovations in its global network and cross-border transaction services. “This collaboration reflects BRI’s continuous efforts to enhance productivity and efficiency by expanding its digital payment channel network to meet the growing demand for global transactions,” he said. Agustya added that the partnership with Nium aligns perfectly with BRI’s vision to be Southeast Asia’s most valuable banking group and a champion of financial inclusion by 2025. “With Nium’s global transaction network, BRI strengthens the digitalization of its business processes and enhances retail banking capabilities in line with our 2025 strategic vision.”
Anupam Pahuja, General Manager and Executive Vice President for Asia Pacific, Middle East, and Africa at Nium, shared his excitement about the partnership, highlighting BRI’s extensive presence across Indonesia’s 17,000 islands. “By integrating Nium’s advanced technology into BRI’s platform, we are dedicated to providing BRI’s customers, no matter where they are, with access to exceptional financial services. This partnership will remove the risks associated with cash handling and provide faster, more cost-effective transactions—whether individuals are sending money to family members abroad or businesses are making international payments.”
Cross-border payments are projected to grow significantly in Indonesia, with a forecasted year-on-year increase of 15% through 2025, driven largely by the digital transformation in financial services (Statista, 2024).
This partnership between BRI and Nium is expected to transform the way Indonesians engage with global financial services, meeting the rising demand for modern payment infrastructure and enhancing the overall experience for BRI’s customers in their international transactions.
About Nium
Nium, the leading global infrastructure for real-time cross-border payments, was founded on the mission to deliver the global payments infrastructure of tomorrow, today. With the onset of the global economy, its payments infrastructure is shaping how banks, fintechs, and businesses everywhere collect, convert, and disburse funds instantly across borders. Its payout network supports 100 currencies and spans 220+ markets, 100 of which in real-time. Funds can be disbursed to accounts, wallets, and cards and collected locally in 40 markets. Nium’s growing card issuance business is already available in 34 countries. Nium holds regulatory licenses and authorizations in more than 40 countries, enabling seamless onboarding, rapid integration, and compliance – independent of geography. The company is co-headquartered in San Francisco and Singapore.
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Fintech PR
Grexie Signchain Launches on November 1st, 2024: Enabling Smart Contract Developers to Bring Off-Chain Data On-Chain with Seamless Gas-Paid Signing
Grexie Signchain enables developers to sign off-chain data into smart contracts, with self-hosted or secure vault signer wallet management.
MANCHESTER, England, Oct. 17, 2024 /PRNewswire/ — Grexie Limited proudly announces the launch of its innovative smart contract solution, Signchain, on November 1st, 2024. Designed specifically for developers, Signchain introduces a powerful way to bring off-chain data on-chain through user-paid gas fees and secure signing of data into smart contract methods using its extendable smart contract, Signable.
In the growing landscape of blockchain technology, securely managing off-chain data and integrating it into on-chain smart contracts has posed significant challenges for developers. Signchain eliminates these hurdles by offering a robust, gas-efficient system for signing and authenticating data in real-time.
Key Features of Signchain:
1. Seamless Off-Chain to On-Chain Data Integration
Signchain enables developers to securely bring off-chain data on-chain by signing it directly into smart contract methods through user-paid gas fees. This integration ensures that data authenticity is preserved, and its entry into the blockchain remains tamper-proof, streamlining processes for industries relying on real-world data verification. Signchain also supports integration with Google Sheets, AWS, and Firebase, making it easy to pull data from popular off-chain data sources.
2. Extendable Smart Contract – Signable
The core of Signchain’s technology is its extendable smart contract, Signable, which allows developers to customize and build upon existing smart contracts. With Signable, developers can easily implement contract signatures for any data type, offering flexibility across industries from finance to logistics and beyond.
3. Signer Wallet Management
Signchain offers comprehensive signer wallet management as part of its service, empowering developers to manage and authenticate signers effectively. Wallets can either be self-hosted using Signchain’s Docker container for those who prefer their own infrastructure, or they can leverage Signchain’s network of secure vaults for maximum security.
4. Self-Hosted or Managed Service
For developers who want full control of their infrastructure, Signchain provides a self-hosted option via Docker containers, allowing them to deploy the platform on their own servers. Alternatively, developers can opt to use Signchain’s secure vault network, offering a hassle-free solution with enterprise-grade security and wallet management.
5. User-Paid Gas Fees
By integrating a user-paid gas fee model, Signchain allows users to cover the costs of signing and authenticating their data, ensuring the signing process is efficient and doesn’t overburden developers with additional expenses. This makes Signchain an ideal solution for dApps and platforms handling high transaction volumes.
6. Google Sheets, AWS, Firebase Integration with Serverless Model
Signchain supports integration with Google Sheets, AWS, and Firebase in a serverless model, powered by a hosted Sign In With Ethereum (SIWE) implementation provided by Signchain’s API. Developers can simply connect their Google Sheets and configure the contract parameters associated with each column. Signchain will automatically look up the user’s wallet address in the spreadsheet, sign the transaction data, and execute it in the blockchain along with any user-supplied parameters. This creates an easy, efficient way to manage data inputs from off-chain sources without heavy infrastructure setup.
Revolutionizing Smart Contract Workflows
With Signchain, developers now have the tools to handle the complexities of integrating off-chain data into smart contracts. The extendable nature of Signable offers flexibility, allowing developers to cater to various use cases, whether it’s automating financial transactions, supply chain data, or verifying legal agreements.
Tim Behrsin, CEO of Grexie Limited, said, “Signchain is more than just a signing solution—it’s a platform that empowers developers to securely integrate off-chain data into their smart contracts with minimal effort. The flexibility of Signable and our focus on signer wallet management offers developers control and security at every stage of the process.”
Why Signchain Matters
Signchain addresses critical challenges faced by developers, particularly those dealing with off-chain data. By signing data into smart contracts and enabling user-paid gas fees, the platform significantly reduces friction in managing secure, scalable smart contracts. Whether developers need to manage high volumes of data transactions or create bespoke smart contracts, Signchain offers a scalable and secure solution.
In industries like DeFi, real estate, and supply chain management, data integrity and security are paramount. Signchain’s secure vault network and customizable signing workflows allow businesses to handle sensitive information with confidence.
Launch Event and Future Developments
The official launch of Signchain will take place on November 1st, 2024, alongside a virtual event. The event will showcase live demonstrations of Signable, with detailed walkthroughs of the Docker-based self-hosted solution and signer wallet management features. Attendees will also get an exclusive preview of future enhancements, including multi-signature workflows and advanced blockchain network integrations.
About Signchain
Signchain is a cutting-edge platform developed by Grexie Limited, based in Manchester, Cheshire, United Kingdom. Signchain simplifies smart contract development by offering a secure, scalable, and customizable solution for signing and authenticating off-chain data on-chain. Developers can either self-host the solution using Signchain’s Docker container or rely on the network’s secure vault infrastructure. With an emphasis on security, flexibility, and developer experience, Signchain is set to transform how smart contracts handle off-chain data.
For more information, visit signchain.net.
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OXFORD, England, Oct. 17, 2024 /PRNewswire/ — n2 Group, the transformative computing technology investment company, announces the acquisition of high-performance computing (HPC) and AI specialists, X-ISS. The addition of X-ISS expands the Group’s portfolio– joining NAG, VSNi, BioTeam and STAC—as it accelerates advancements in technology and computation, underpinned by innovation, technical excellence, and a focus on long-term growth.
n2 Group invests selectively in technical computing companies with deep business impact in a variety of sectors, providing operational support and a collaborative approach to innovation and business transformation. The addition of X-ISS will further strengthen the Group’s already strong HPC/AI credentials, with NAG, STAC and BioTeam already adding to this space.
X-ISS is a pioneer in Managed Services specifically designed for HPC/AI. With their in-depth understanding of hardware and software complexities within HPC and AI, they deliver highly impactful end-to-end services to clients through the integration, optimization and management of HPC/AI systems. The integration of X-ISS into n2 Group aligns with the Group vision of improving the accessibility, quality and robustness of computing solutions to enable greater productivity in industry.
X-ISS will operate as an autonomous business within the n2 Group, maintaining its brand, identity and ethos. n2 Group’s status as an independent, member-backed organisation with no external financial stakeholders allows X-ISS to continue providing impartial advice based on the technology needs and challenges of its clients. Inter-group synergies will enable greater innovation and collaboration, advancing the Group’s position and long-term HPC/AI market impact.
“X-ISS strengthens the n2 community in the strategically important area of HPC/AI”, said Adrian Scales, Snr Director of Investments and Partnerships at n2 Group. “As a respected boutique HPC service provider, X-ISS is helping clients navigate an increasingly complex landscape in terms of technologies and software integrations with AI and analytics. The acquisition strongly complements the Group’s existing HPC professional services capability, and we are delighted to have them on board.”
“This is an important milestone for X-ISS.”, said Deepak Khosla, CEO X-ISS, “The partnership with n2 Group will enable us to enhance our flagship ManagedHPC solution by leveraging n2‘s complementary services and product developments, allowing us to deliver even greater value to our customers. As businesses face increasing challenges with complex technologies like AI and cloud computing, we’re now better equipped to support them with the same quality, passion, and partnership that defines X-ISS. I am excited about the opportunities this can bring for current and future X-ISS customers.”
About n2 Group
At n2 Group we are transforming computing and technology investment with a radical new approach. Our businesses are all established, purpose-driven market-leaders in computing products or services. We stimulate long-term sustainable growth through group-level support in strategy, business development, innovation, and operations. With no shareholders or external financial interests, we reinvest all profits back into the group or to the community, reinforcing our commitment to positive social impact through technological advancements.
n2 Group companies are at the forefront of computing and IT infrastructure, helping clients in various sectors to be more productive, innovative or reduce risk through advanced software and services. Rapidly expanding in high-performance computing, artificial intelligence, and scientific computing, our businesses maintain their unique brands and identities, but benefit from the expanded network available through the group.
n2 Group Companies
• BioTeam: Scientific computing consultancy integrating technologies, data, and cultures to accelerate science.
• NAG: Advanced products and services in algorithms, optimization, high-performance computing and AI.
• STAC: Independent financial services technology research and community events.
• VSNi: Proven statistical solutions and data expertise driving innovation and success.
• X-ISS: Industry leading management and analytics solutions for HPC/AI systems.
For more detailed information and the latest updates, visit n2 Group.
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