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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) 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.
Wearable Devices (Nasdaq: WLDS, WLDSW) has announced a 1-for-20 reverse stock split of its ordinary shares and tradable warrants, effective October 10, 2024. The split will reduce the number of outstanding ordinary shares from approximately 24,438,030 to 1,221,901 and warrants from 7,860,861 to 393,043. The company's shares and warrants will continue trading on Nasdaq under the same symbols with new CUSIP numbers.
The reverse split, approved by shareholders on September 26, 2024, will not alter shareholders' ownership percentages, except for minor adjustments due to fractional shares. Proportional adjustments will be made to outstanding options, warrants, restricted shares, and RSUs. The company's authorized share capital of 50,000,000 ordinary shares remains unchanged.
Wearable Devices (Nasdaq: WLDS, WLDSW) has filed a patent application in South Korea for its neural wrist technology. This application, titled 'Gesture and Voice-controlled interface device,' is part of the Patent Cooperation Treaty (PCT) national stage and aims to protect the company's global patent portfolio in Asian markets.
The patent covers revolutionary neural interface technology used as a wearable scale for measuring object weight and a wearable torque meter for measuring torque applied when fastening rotating objects. This move is part of Wearable Devices' strategy to broaden protection of its core IP globally, allowing adaptation to future market changes.
Guy Wagner, Chief Scientist Officer, emphasized the importance of expanding their patent reach to South Korea, noting it's important for securing access to an advanced technological market and fostering collaborations with global industry leaders. He highlighted that neural wrist interfaces have practical applications beyond gesture control, potentially impacting how we interact with technology and our surroundings.
Wearable Devices (Nasdaq: WLDS, WLDSW), a pioneer in AI-based gesture control technology, has welcomed Meta's entry into the neural interface sector announced at Meta Connect 2024. CEO Asher Dahan sees this as validation of the potential in neural control, a field Wearable Devices has been advancing for over a decade. The company's Mudra Band and Mudra Link devices enable hands-free digital navigation, redefining user interaction with technology.
Wearable Devices emphasizes its established position in the market, having won the 'Best of CES Innovation Award' in 2021 for the Mudra Band. While Meta presented a 'Purposeful Product Prototype' for smart glasses, Wearable Devices offers a versatile solution for controlling computers, applications, and smart glasses. The company views Meta's entry as fostering innovation and looks forward to continuing to push boundaries in the neural wearables space.
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