WLDS Wearable Devices Ltd

Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in AI-powered touchless sensing wearables, today announced that Apple’s new double tap feature, unveiled with the new Apple Series 9 Watch, is expected to further enhance the utility and consumer experience of Wearable Devices’ Mudra Band. The combination is expected to empower improved touchless control across the Apple product ecosystem, leveraging Wearable Devices’ cutting-edge Air-Touch technology.

Wearable Devices expects that Mudra Band users will be able to leverage its cutting-edge Air-Touch technology with the newly revealed Apple Watch Double Tap gesture, to gain full touchless control across the entire Apple product ecosystem by utilizing the Mudra Band gestures in tandem with the Apple Watch Double Tap gesture. The Company anticipates that users will be able to enhance their productivity and user experience by touchlessly navigating the unique Mudra Band Watch Face, toggle and switch the control to another Apple ecosystem device, and use Air-Touch gestures to touchlessly control the iPhone, iPad, Mac and AppleTV products.

Apple’s new double tap gesture feature enables users to easily control the new Apple Watch Series 9 using just one hand and without touching the display. Users wearing the watch can tap the index finger and thumb together twice to perform common actions on the watch.

The Mudra Band is an AI-powered aftermarket Apple Watch band, which processes data from its accelerometer, gyroscope and proprietary surface nerve conductance sensors. Machine learning algorithms detect the unique pattern of tiny finger movements and changes in wrist neural activity. The Mudra Band’s Air-Touch functionality enables the use of subtle finger movements for point, click, and drag and drop interactions. The user can control devices across the Apple product ecosystem and additional connected devices using discrete gestures such as a tap of the index finger and thumb, the continuous fingertip pressure gesture between these fingers, and the wrist movements.

Asher Dahan, Chief Executive Officer of Wearable Devices, commented, “Apple’s introduction of the double tap feature with their new watch is a huge endorsement of our vision that the world is moving towards touchless interaction with our devices. The pace of technological advancements has historically been dictated by user interfaces, and the Mudra Band turns your hand into the controller and your fingers are the buttons. We expect that spatial computing will continue to grow, and full touchless control of digital devices is closer than ever.”

Recently, the Company announced that the Mudra Band enables full touchless control of devices across the Apple product ecosystem, as demonstrated in this video: https://youtu.be/WwEWojQtO5U

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, the Mudra Inspire, 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 and warrants trade on the Nasdaq market under the symbols “WLDS” and ‘WLDSW,” respectively.

Forward-Looking Statement DisclaimerThis 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 the expected benefits and advantages of Apple Watch Series 9 New ‘DoubleTap’ Feature combined with Mudra Band Touchless Gesture Control, our vision that the world is moving towards touchless interaction with our devices, and our expectation that spatial computing will continue to grow, and full touchless control of digital devices is closer than ever. 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 FrankIMS Investor Relations203.972.9200wearabledevices@imsinvestorrelations.com