Say goodbye to physical touch and hello to the power of your voice and the grace of gestures
YOKNEAM ILLIT, ISRAEL, Oct. 30, 2023 (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 thrilled to announce a game-changing development – the integration of a remarkable gesture and voice-controlled interface for its Mudra Band for Apple Watch
Picture this: complete control at your fingertips, or rather, at the wave of your hand and the sound of your voice. With this groundbreaking integration, Wearable Devices is transforming the way we interact with digital devices. No more tapping, swiping, or even touching – just intuitive, touchless control that feels like magic.
The heart of this innovation lies in the fusion of voice commands and spatial gestures. Users can seamlessly switch control between devices using voice commands, tapping into the power of Apple's AI-based digital assistant, Siri. Then, it gets even more exciting. With our AirTouch technology, the Mudra Band recognizes as your hand and finger move, allowing you to fine-tune setting preferences effortlessly. Adjust volume, control brightness, and much more with just a flick of a finger.
Guy Wagner, Chief Scientist Officer and Co-Founder of Wearable Devices, shared his excitement, saying, "We've harnessed the essence of human interaction – a beautiful blend of speech and manual communication. Our integration, combining voice and gesture recognition as input methods, is nothing short of revolutionary. By leveraging AI-powered sensors that interpret subtle finger and hand movements, we've created a product that redefines touchless interaction with connected devices. Adding voice integration, we're taking things to the next level, making our products and other connected devices more intuitive and user-friendly than ever before."
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 the Extended Reality, one of the most rapidly expanding landscapes in the tech industry. The Company’s ordinary shares trade on the Nasdaq market under the symbols “WLDS” and “WLDSW”, respectively.
Forward-Looking Statement Disclaimer
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 our belief that the integration of speech will allow the expansion of the scope and capabilities of our technology and products, as well as other connected products, making them more intuitive and easier to use than ever before. 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 use of proceeds from the offering; the trading of our ordinary shares or warrants and the development of a liquid trading market; 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 SEC. 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
