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YOKNEAM ILLIT, ISRAEL, Jan. 31, 2023 (GLOBE NEWSWIRE) — Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) (“Wearable Devices” or the “Company”), a growth company developing a non-invasive neural interface technology for B2B and B2C customers, today announced that it will exhibit at SPIE Photonics West, a leading global conference focused on augmented, virtual, and mixed reality (“SPIE”), which will take place in San Francisco on January 31 and February 1, 2023.
At SPIE, the Company will demonstrate how smart glasses can be controlled using the Mudra neural input wristband, a neural input wristband that allows control of digital devices using subtle finger movements. The Company will publicly exhibit an exciting new interaction for smart glasses, which allows the user to navigate and control a graphical user interface (“GUI”) using natural and intuitive finger and hand movements.
The Company will present a GUI concept, which portrays how the Company envisions the output content for the user. The user will be able to use Air-Touch interactions such as swipe or scroll to navigate and control the smart glasses, while maintaining spatial awareness with real-world surroundings.
“We are excited to attend SPIE for the first time and support its mission to ‘Come and discover the hardware that will enable the metaverse’,” said Shmuel Barel, Chief Marketing Officer of Wearable Devices. “We believe our Mudra neural interface technology is a key success factor for smart glasses’ market adoption, as it provides an elegant wearable method to input commands and operate smart glasses using hands free and touch free interactions.”
“Integrating the Mudra interface with smart glasses enables device manufacturers to offer a stylish, light weight, and smaller form factor of glasses,” commented Barry Kaplan, the Company’s Executive Vice President of the U.S. Operations. “By removing bulky hardware and resource guzzling software currently used for gesture recognition, the user enjoys a discrete, almost invisible interaction, without performing tiring mid-air hand postures ,” Mr. Kaplan added.
“We encourage anyone attending SPIE to come visit us and explore our technology firsthand,” added Mr. Barel. “We believe the Mudra neural input wristband technology is of tremendous value for head worn device manufacturers and users as we continue to deliver on our promise for setting the input standard for the metaverse.”
For live demonstration at SPIE, please contact us at: [email protected]
About Wearable Devices Ltd.
Wearable Devices Ltd. (the “Company”), a growth company developing a non-invasive neural input interface technology in the form of a wrist wearable band for controlling digital devices using subtle finger movements. Our company’s vision is to create a world in which the user’s hand becomes a universal input device for touchlessly interacting with technology, and we believe that our technology is setting the standard input interface for the Metaverse. Since our technology was introduced to the market, we have been working with both Business-to-Business and Business-to-Consumer customers as part of our push-pull strategy. Combining our own proprietary sensors and Artificial Intelligence, or AI, algorithms into a stylish wristband, our Mudra platform enables users to control digital devices through subtle finger movements and hand gestures, without physical touch or contact. For more information, visit https://www.wearabledevices.co.il/.
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 Mudra neural interface technology being a key success factor for smart glasses’ market adoption, the potential value of our Mudra neural input wristband technology for head worn device manufacturers and users and the ability to set the input standard for the metaverse. 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 close the offering of the securities; 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 preliminary prospectus dated November 14, 2022and 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
John Nesbett/Jennifer Belodeau
IMS Investor Relations
203.972.9200
[email protected]
