Wearable Devices: The Mudra Band Featured by Leading Tech Magazines, Mashable and VentureBeat
January 22 2024 - 7:35AM
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 pleased to conclude a successful exhibition at CES 2024. The
Company and its flagship product, the Mudra Band, enjoyed a high
rate of interest and engagement.
During the exhibition, the Company and the Mudra Band gained
massive media exposure by being reviewed and featured at Mashable
and VentureBeat, two of the leading tech magazines. Both
publications highlighted this wearable tech’s capability to allow
users to interact with their Apple Watch through simple finger
movements, offering a seamless and hands-free experience. Mashable
emphasized the Mudra Band’s user-friendly interface and the
convenience it brings to interacting with the Apple Watch. The
review particularly noted the seamless integration and
responsiveness of gesture controls.
An additional insight from Mashable further underscores the
Mudra Band's significance in the tech industry, especially in the
wearable technology segment. For a detailed review, visit the
Mashable review here.
VentureBeat put the finger on the Mudra Band’s commercial
potential, emphasizing the fact that its arrival overlapping with
an increasing demand for wearable technology, poises it for
exponential growth until 2030. VentureBeat also referred to the
Mudra Band’s technology, noting its distinguished features,
functionality, accuracy, and ergonomic design. For more from this
review, visit VentureBeat here.
This recognition from top tech publications like Mashable and
VentureBeat underscores the potential and impact of the Mudra Band
in the evolving tech landscape.
The Mudra Band is a watch band replacement that connects to most
devices in a user’s Apple ecosystem via Bluetooth. The device
uses Surface Nerve Conductance sensors to capture neural signals
transmitted to the brain through a user’s wrist and finger
movements, translating these movements into everyday functions for
controlling Apple devices. Wearable Devices continues to lead the
way in wearable technology, with the Mudra Band setting new
standards for experience and convenience beyond the touch
screen.
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 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 Statements
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 Band’s benefits
and expected significance in the 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 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 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 Relations Contact
Walter Frank IMS Investor Relations 203.972.9200
wearabledevices@imsinvestorrelations.com
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