Wearable Devices Invited to Present its Gesture Control Technology to Samsung's Senior Management in South Korea
May 02 2024 - 8:45AM
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 proud to announce its selection to present at the Samsung Global
Sourcing Fair 2024 in Suwon, South Korea taking place at the end of
May. This prestigious invitation provides a significant platform
for Wearable Devices to showcase its innovative technology directly
to Samsung's senior management and key global stakeholders.
"The Samsung Global Sourcing Fair is a renowned event that
brings together the brightest minds and the most innovative
technologies units at Samsung”, said Asher Dahan, Chief Executive
Officer of Wearable Devices. "Participating in this event could
boost our visibility among technology leaders and open doors to
explore potential collaborations and integrate our solutions with
this leading global brand."
At the fair, Wearable Devices will introduce its seamless
gesture technology that allows users to control digital devices
through natural finger movements. This non-intrusive device
harnesses proprietary sensor technology to interpret
micro-movements and translate them into digital commands, offering
a seamless interface for interacting with smartphones, computers,
and even VR and AR systems.
"This opportunity to present our Mudra Band to a discerning
audience at Samsung's event underscores the practical applications
and consumer readiness of our technology," added Mr. Dahan. "It
highlights the potential of gesture control technology to transform
how we interact with our digital world, making everyday tasks more
intuitive and efficient."
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 and warrants trade on the Nasdaq market under the symbol
“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 expected potential
collaborations or integrations with Samsung, as well as the
potential benefits of the Mudra Band. 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, 2023, filed on March 15, 2024 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 Contact:
Walter FrankIMS Investor
Relations203.972.9200wearabledevices@imsinvestorrelations.com
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