Wearable Devices Commences Commercial Manufacturing of the Mudra Band for Apple Watch
June 01 2023 - 07:00AM
Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) (“Wearable Devices” or
the “Company”), a technology growth company specializing in
AI-powered touchless sensing wearables, is pleased to announce that
it has commenced commercial manufacturing of its anticipated Mudra
Band for Apple Watch.
Wearable Devices has witnessed a growing demand from customers
worldwide, with thousands of preorders already received so far.
In the development of the Mudra Band, Wearable Devices utilized
an innovative manufacturing technique which combines the advantages
of a flex-rigid printed circuit board with enhanced durability and
flexibility, to ensure a sleek and seamless integration with the
Apple Watch.
“We are focused on manufacturing an excellent product that will
transform the way people interact with their electronic devices. A
key focus of our development process has been to optimize design
for manufacturability so we can efficiently complete the
manufacturing process and deliver the preorders to our customers,”
stated Guy Wagner, co-founder and Chief Scientist Officer of
Wearable Devices. “Our team is dedicated to ensuring a seamless
production process, and we look forward to introducing the Mudra
Band to our valued customers. This is just the beginning of our
journey, our preorders further validate the market’s anticipation
for this revolutionary touchless product."
The Mudra Band, initially developed for touchless operation of
the Apple Watch using neural signals, has now expanded its product
features with Air-Touch. This groundbreaking addition allows users
to seamlessly control Apple's entire ecosystem of devices using
subtle finger movements and hand gestures without the need for
physical touch. With the latest enhancements, users can
effortlessly toggle and switch between connected devices, including
iPhone, iPad, Mac computer, Apple TV devices, smart glasses, and
various mobile gaming devices, creating an immersive and intuitive
user experience.
For more information about the Mudra Band and to place
preorders, please visit the official website at
www.mudra-band.com.
About Wearable Devices Ltd.
Wearable Devices Ltd. (the “Company”) 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 Metaverse, one of the most rapidly
expanding landscapes in the tech industry. The Company’s common
stock trades on the Nasdaq market under the symbol “WLDS”. For more
information, please
visit https://www.wearabledevices.co.il/.
Contact Wearable Devices:
https://www.wearabledevices.co.il/contact
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
preorders of the Mudra Band further validate the market’s
anticipation for this revolutionary touchless product that will
transform the way people interact with their electronic devices,
our ability to efficiently complete the manufacturing process and
deliver the preorders to our customers and our journey to set a new
standard for intuitive and immersive user experiences in the
rapidly evolving 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 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
John Nesbett/Jennifer BelodeauIMS Investor
Relations203.972.9200wearabledevices@imsinvestorrelations.com
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