YOKNEAM ILLIT, ISRAEL, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in artificial intelligence (AI)-powered touchless sensing wearables, is pleased to conclude a successful exhibition at CES 2024. The Company and its flagship product, the Mudra Band, enjoyed a high rate of interest and engagement.
During the exhibition, the Company and the Mudra Band gained massive media exposure by being reviewed and featured at Mashable and VentureBeat, two of the leading tech magazines. Both publications highlighted this wearable tech’s capability to allow users to interact with their Apple Watch through simple finger movements, offering a seamless and hands-free experience. Mashable emphasized the Mudra Band’s user-friendly interface and the convenience it brings to interacting with the Apple Watch. The review particularly noted the seamless integration and responsiveness of gesture controls.
An additional insight from Mashable further underscores the Mudra Band's significance in the tech industry, especially in the wearable technology segment. For a detailed review, visit the Mashable review here.
VentureBeat put the finger on the Mudra Band’s commercial potential, emphasizing the fact that its arrival overlapping with an increasing demand for wearable technology, poises it for exponential growth until 2030. VentureBeat also referred to the Mudra Band’s technology, noting its distinguished features, functionality, accuracy, and ergonomic design. For more from this review, visit VentureBeat here.
This recognition from top tech publications like Mashable and VentureBeat underscores the potential and impact of the Mudra Band in the evolving tech landscape.
The Mudra Band is a watch band replacement that connects to most devices in a user’s Apple ecosystem via Bluetooth. The device uses Surface Nerve Conductance sensors to capture neural signals transmitted to the brain through a user’s wrist and finger movements, translating these movements into everyday functions for controlling Apple devices. Wearable Devices continues to lead the way in wearable technology, with the Mudra Band setting new standards for experience and convenience beyond the touch screen.
About Wearable Devices Ltd.
Wearable Devices Ltd. is a growth company developing AI-based neural input interface technology for the B2C and B2B markets. The Company’s flagship product, the Mudra Band for Apple Watch, integrates innovative AI-based technology and algorithms into a functional, stylish wristband that utilizes proprietary sensors to identify subtle finger and wrist movements allowing the user to “touchlessly” interact with connected devices. The Company also markets a B2B product, which utilizes the same technology and functions as the Mudra Band and is available to businesses on a licensing basis. Wearable Devices is committed to creating disruptive, industry leading technology that leverages AI and proprietary algorithms, software, and hardware to set the input standard for Extended Reality, one of the most rapidly expanding landscapes in the tech industry. The Company’s ordinary shares and warrants trade on the Nasdaq market under the symbol “WLDS” and “WLDSW”, respectively.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, we are using forward-looking statements when we discuss Mudra Band’s benefits and expected significance in the tech industry. All statements other than statements of historical facts included in this press release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to successfully market our products and services; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in our annual report on Form 20-F for the year ended December 31, 2022, filed on March 22, 2023, and our other filings with the Securities and Exchange Commission. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Investor Relations Contact
Walter Frank
IMS Investor Relations
203.972.9200
wearabledevices@imsinvestorrelations.com
