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Wearable Devices Ltd. (Nasdaq: WLDS) is at the forefront of innovation in the realm of AI-powered touchless sensing wearables, providing cutting-edge solutions for interacting with digital devices. Founded with the vision of making human-computer interactions as natural and intuitive as real-life experiences, the company has successfully transitioned from research and development to the commercialization of its groundbreaking technologies.
One of the company's standout products is the Mudra Band, a wrist-worn gesture control interface that allows users to interact with devices like Apple Watch, iPhone, Mac computer, Apple TV, and iPad through subtle hand and finger movements. This interface harnesses the power of non-invasive neural input technology, making it a pioneering brain-device interface. The Mudra Band now features an AI gesture mouse for Mac computers, offering effortless scrolling and navigation with a simple “reverse-pinch” gesture, enhancing user interaction within the Apple ecosystem.
Wearable Devices Ltd. is committed to developing AI-based neural input interfaces that cater to both B2C and B2B markets. Their products are designed for an array of digital devices including smart watches, smartphones, AR glasses, VR headsets, PCs, drones, robots, and more. The company's innovative approach leverages advanced AI and machine learning to deliver touchless control solutions that set new standards for interaction and convenience.
Recently, Wearable Devices Ltd. has made significant strides in expanding its market presence and technological capabilities:
- Collaborations and Partnerships: The company has partnered with Webidoo, a leading experiential retail store in Milan, to offer customers firsthand experiences with the Mudra Band.
- Patents and Intellectual Property: The China National Intellectual Property Administration granted Wearable Devices a patent for its gesture-controlled interface, broadening the protection of its innovative technology.
- Defense Applications: Successfully delivered a custom-made solution to a leading global defense company, marking the feasibility of integrating neural gesture technology into defense-grade applications.
- XR Integration: Completed the first phase of integration with Qualcomm's Snapdragon Spaces™ platform, enhancing XR environments with intuitive gesture-based interactions.
Financially, the company has secured a Standby Equity Purchase Agreement (SEPA) with YA II PN, Ltd., ensuring access to up to $10 million for continued growth and development. This financial stability allows Wearable Devices Ltd. to pursue its mission of revolutionizing digital interaction through advanced wearable technology.
The company's ordinary shares and warrants trade on the Nasdaq market under the symbols “WLDS” and “WLDSW”, respectively.
Wearable Devices (NASDAQ: WLDS) and RayNeo have partnered to showcase the first augmented reality glasses controlled by a neural wristband at CES 2025. The integration combines RayNeo's AR glasses with Wearable Devices' Mudra Link Neural Wristband, which uses surface nerve conductance sensors to capture finger and wrist movements and translate them into digital commands.
The demonstration will be available at CES Booth #15758 in the LVCC Central Hall, where visitors can experience hands-free control of AR interfaces. The Mudra Link Neural Wristband is compatible with Android, Windows, and macOS, making it versatile for AR, gaming, and productivity applications. This collaboration aims to advance the mass adoption of smart glasses operated by neural wristbands and position Wearable Devices as a leader in neural wrist-worn solutions for AR and XR markets.
Wearable Devices (Nasdaq: WLDS) has completed its previously announced registered direct offering and concurrent private placement, raising $1.85 million in gross proceeds. The company sold 822,000 ordinary shares at a combined purchase price of $2.25 per share, along with warrants to purchase up to 822,000 ordinary shares at an exercise price of $2.50, exercisable immediately and expiring in five years. The proceeds will be used for working capital and general corporate purposes. A.G.P./Alliance Global Partners served as the sole placement agent for the offerings.
Wearable Devices (Nasdaq: WLDS) has announced a $1.85 million registered direct offering and concurrent private placement. The company will issue 822,000 ordinary shares at $2.25 per share to a single institutional investor. Additionally, warrants to purchase up to 822,000 ordinary shares will be issued with an exercise price of $2.50, valid for five years. The proceeds will be used for working capital and general corporate purposes. A.G.P./Alliance Global Partners is acting as the sole placement agent, with closing expected around November 27, 2024.
Wearable Devices (Nasdaq: WLDS) introduces a groundbreaking Neural Wristband category with its Mudra Band and Mudra Link products. These devices utilize proprietary Surface Nerve Conductance (SNC) technology to detect neural signals and wrist movements, enabling intuitive gesture control of digital devices. The technology decodes unique neural signal patterns for each finger movement through AI algorithms, allowing users to interact with digital elements using familiar gestures like tap and drag. The Mudra products can recognize gestures even when hands are at waist level or in pockets, and are compatible with Apple, Android, Windows, and macOS devices.
Wearable Devices (Nasdaq: WLDS) announced that its Mudra Link, a neural interface wristband, has been named a CES® 2025 Innovation Awards Honoree in the XR Technologies & Accessories category. The device, which enables hands-free digital control for Android, iOS, and other platforms, captures neural signals from subtle finger and wrist movements for intuitive device interaction. This recognition follows the company's previous success with Mudra Band, which won the 'Best of CES® Innovation Award' in 2021. The technology is particularly relevant for augmented reality and virtual reality experiences, offering control capabilities beyond line-of-sight limitations.
Wearable Devices (Nasdaq: WLDS) announces a strategic collaboration with TCL-RayNeo to develop neural interface wristbands for AR glasses, aiming for market release as early as next year. The partnership integrates RayNeo's AR glasses with Wearable Devices' neural gesture control technology, enabling hands-free, gesture-based interactions in augmented reality environments. This initiative positions them ahead of Meta's recently announced gesture control prototype. The collaboration combines RayNeo's AR hardware expertise with Wearable Devices' Mudra Band and Mudra Link technology to create immersive, intuitive user experiences in the XR market.
Wearable Devices (Nasdaq: WLDS) has announced that it has regained compliance with Nasdaq's minimum bid price requirement. The company received written notice from Nasdaq confirming compliance with Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share. This compliance was achieved after the company's ordinary shares maintained a closing bid price at or above $1.00 for 10 consecutive business days. The previous bid price deficiency matter has been closed by Nasdaq.
Wearable Devices (Nasdaq: WLDS, WLDSW) has released a white paper titled 'Elevating AR Glasses User Experience with Gesture Control and Neural Wristband'. The paper analyzes trends in gesture control technology, comparing camera-based solutions with wearable neural interfaces. Key findings include:
- Shift to wrist-worn devices for more natural and comfortable user experiences
- Extended functionality through AI, IMU, and SNC sensors
- Overcoming field-of-view limitations of camera-based systems
- Unifying interface for various face-worn devices
- Reducing device weight and complexity for mass adoption
The white paper positions Wearable Devices as a leader in neural gesture control, highlighting the advantages of their Mudra Band and Mudra Link products over camera-based systems in AR glasses.
Wearable Devices (Nasdaq: WLDS, WLDSW) has announced a collaboration with RayNeo, a leader in augmented reality (AR) technology, to develop mass production level neural interface AR glasses. This partnership aims to integrate Wearable Devices' neural gesture control technology with RayNeo's AR glasses, enabling hands-free, gesture-based interactions in augmented and mixed reality environments.
The collaboration showcases the potential of neural gesture control in creating immersive and intuitive interactions in mixed reality. Both companies will demonstrate how neural interface technology can be seamlessly integrated into AR devices, enhancing user experience. This partnership reflects their shared vision of redefining human-technology interaction in the rapidly evolving extended reality (XR) space.
Wearable Devices (Nasdaq: WLDS) has announced the launch of its Mudra Band for Apple Watch on Walmart.com, expanding access to its AI-powered touchless sensing wearable technology. This strategic move follows the product's successful introduction on Amazon and aligns with the company's goal of broadening its presence across major U.S. retail platforms.
The Mudra Band allows users to control Apple devices such as iPhone, iPad, Apple TV, and MacBook using simple hand gestures, without touching the screen. It utilizes neural signals translated into commands, offering a seamless and innovative user experience. Key features include hands-free control, Apple ecosystem compatibility, advanced neural interface, and enhanced accessibility for users seeking touchless control solutions.
This launch on Walmart.com significantly increases Wearable Devices' market reach, making its technology accessible to millions of Apple users in the United States and enhancing its brand recognition in the U.S. market.
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