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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 Ltd. (Nasdaq: WLDS, WLDSW) announced its participation as a gold sponsor at the tinyML Summit 2023, held from March 27-29 in Burlingame, California. The Company will showcase its AI-based neural input technology, which enables touchless control of digital devices through subtle finger movements using their Mudra Band. Attendees can experience the technology's multi-device functionality within the Apple ecosystem. Co-Founder Leeor Langer emphasized the potential applications of their technology in the AI and hardware sectors, encouraging attendees to learn more about Mudra's capabilities.
Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) reported a net loss of $(6,496,000) or $(0.53) per diluted share for 2022, up from $(2,614,000) or $(0.27) in 2021. The company’s cash balance increased significantly to $10.4 million. CEO Asher Dahan highlighted ongoing strategic investments in research and development, positioning the firm to capitalize on B2B and B2C opportunities, notably with the Mudra Inspire and Mudra Band products. The company formed a strategic partnership with a Fortune 500 company for embedded technology integration and secured a $900,000 grant from the Israel Innovation Authority for further development efforts.
Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) has announced its participation at the Mobile World Congress (MWC) in Barcelona from February 27 to March 2, 2023. The company will showcase its Mudra Band, which enables touchless control of Apple products, and introduce the new Mudra Air-Touch functionality for seamless transitions between connected devices like iPhones and smart glasses. The advanced AI-based technology aims to enhance user interaction with digital devices. Industry representatives are encouraged to schedule meetings for demonstrations during the event.
Wearable Devices Ltd. (WLDS, WLDSW) announced the filing of a patent application with the U.S. Patent and Trademark Office and the Patent Cooperation Treaty for a technology that enhances interaction between physical and digital realms. This innovation employs Artificial Intelligence and a Multimodal Sensing Interface to improve Human-Computer Interaction (HCI), aiming to set a new standard for the Metaverse. The technology captures complex hand movements and muscle force, enabling users to control digital devices intuitively. The company continues to focus on developing its Mudra platform, which allows for touchless interaction through subtle finger movements.
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