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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 announced its financial results for the six months ended June 30, 2024. The company reported revenue of $394 thousand, up from $12 thousand in the same period in 2023, primarily due to sales of its Mudra Band for Apple Watch and B2B collaborations. Despite this, the net loss increased to $4.2 million, or $(0.21) per share, from $3.9 million, or $(0.26) per share, due to higher operating expenses.
Key highlights include:
- Introduction of new features for Mudra Band, including touchless gesture control and ChatGPT integration.
- Preorders for Mudra Link, an AI neural interface wristband for Android, with a launch expected in Q1 2025.
- Expanded device support, including Apple Vision Pro.
- Collaboration with Qualcomm and integration with Snapdragon Spaces XR.
- Reseller agreements in South Korea and China, and strengthened presence in the defense sector.
Wearable Devices (Nasdaq: WLDS) has unveiled an upgrade to its Mudra Band for Apple Watch, introducing gesture control functionality. This enhancement allows for touchless, same-hand operation of the Apple Watch, enabling users to perform tasks like answering calls, checking notifications, and controlling music without touching the screen. The update aims to provide increased convenience and accessibility, especially when users' hands are occupied or during multitasking.
CEO Asher Dahan emphasized the company's mission to push the boundaries of wearable technology. The Mudra Band's new features are designed to simplify interaction, reduce physical effort, and empower on-the-go watch operation. The upgrade will be available in an upcoming Mudra Band app update, with orders now being accepted on the company's website.
Wearable Devices (Nasdaq: WLDS, WLDSW) has launched the Mudra Link, a revolutionary wristband that enables touchless control of digital devices through hand gestures. This AI-powered wearable is now compatible with iOS, Android, Windows, and macOS, expanding its reach beyond Apple devices. The Mudra Link offers:
1. Intuitive gesture control using neural interface technology
2. Cross-platform compatibility for gaming, smart home automation, and professional tasks
3. Comfortable, lightweight design for all-day wear
4. Customizable gestures for personalized app control
Pre-orders are now available at https://mudra-band.com/pages/mudra-link-main with exclusive discounts for early access.
Wearable Devices (Nasdaq: WLDS) has announced that its Mudra Link gesture control device is now available for pre-order. This revolutionary neural interface wristband expands beyond Apple to support Android, Windows, and macOS, significantly increasing the company's total available market. The Mudra Link uses advanced neural interface technology to interpret wrist gestures for controlling digital devices.
Key features include:
- Advanced neural signal decoding
- Versatile compatibility across platforms
- Ergonomic design for all-day wear
- Customizable gesture commands
Wearable Devices (Nasdaq: WLDS, WLDSW), an AI-powered touchless sensing wearables company, has announced its participation in the OpenXR Live meetup on September 12, 2024, in Seattle. Guy Wagner, the company's President and Chief Scientific Officer, will showcase the Mudra Band at the event organized by the Khronos® Group.
As a new member with voting privileges in the OpenXR™ Working Group, Wearable Devices joins tech giants like Meta, Google, and Microsoft in advancing AR/VR industry standards. OpenXR aims to simplify AR/VR software development by creating a unified standard for various hardware platforms, enabling developers to build XR applications without porting or rewriting for different devices.
Wearable Devices (Nasdaq: WLDS) has released its third comprehensive report on integrating wearable and camera gesture-control technologies. The report, titled 'Interaction Beyond Boundaries,' highlights how the company's Mudra Band neural interface wristband surpasses limitations of current camera-based gesture control systems.
Key points include:
- Enhanced user experience beyond camera-based limitations
- Collaborative innovations with Qualcomm and Lenovo
- Setting a new standard in gesture control wearables
The report analyzes how Mudra input can be tailored for various face-worn products, from screenless devices like Meta Ray-Ban smart glasses to rich display mixed reality headsets. This positions Wearable Devices as a leader in AI-powered touchless sensing wearables, potentially revolutionizing the industry.
Wearable Devices (Nasdaq: WLDS) has announced an upgrade to its Mudra Band, enhancing gesture control functionality for the Apple Watch. The new feature allows for same-hand touchless watch operation and streamlined task management, complementing existing solutions for iPhone, iPad, and other Apple products. The Mudra Band enables users to control their Apple Watch using simple gestures without touching the screen, improving accessibility and convenience.
Key features include:
- Navigation using fingertip pressure measurement for relaxed and subtle movements
- Ability to pause music, stop timers, and answer calls hands-free
- Enhanced accessibility for older Apple Watch models
- Improved usability for a broader audience
The new functionality will be available in an upcoming Mudra Band app update.
Wearable Devices (Nasdaq: WLDS) has announced the launch of its Mudra Band on Amazon Marketplace in the U.S. The Mudra Band, a gesture control wearable for Apple devices, enhances user experience through AI-powered touchless sensing technology. Key features include:
- Neural Signals Display: Real-time view of wrist nerve bundles
- Air-Touch Gesture Control: Familiar gestures for device interaction
- Toggle and Switch: Seamless control between Apple devices
- Customizable Apple Watch Face
The product is now more accessible to U.S. consumers and aims to revolutionize interaction with Apple devices. CEO Asher Dahan expressed excitement about expanding the Mudra Band's reach through Amazon Marketplace.
Wearable Devices (Nasdaq: WLDS) has announced that its Mudra Band now supports Apple Vision Pro (AVP), extending gesture control across all Apple devices. The Mudra Band uses Surface Nerve Conductance (SNC) sensors to detect neural signals from the wrist, translating them into hand and finger gestures. This integration allows users to control their Apple devices using the same gestures as those used on the AVP, enabling seamless interaction across the entire Apple ecosystem.
Users can switch between devices directly from the Mudra Band watch face, maintaining consistency in their interactions. This development is particularly beneficial for users who prefer alternative input methods, offering a way to navigate Vision OS without relying on eye movements. The Mudra Band supports simple point, click, pinch & hold gestures, similar to AVP gestures, for controlling various Apple devices and applications.
Wearable Devices (Nasdaq: WLDS) has made a significant breakthrough in the automotive sector by partnering with a leading European car manufacturer. The company's Mudra technology, which enables touchless control, is now featured in a demonstration car at the automaker's showroom. This collaboration marks Wearable Devices' first venture into the automotive industry and follows the European manufacturer's purchase of the Mudra Development Kit (MDK).
The implementation of Mudra technology aims to enhance vehicle safety and convenience, allowing drivers and passengers to manage in-car functions through intuitive gesture-based interactions. This aligns with the growing demand for advanced, user-friendly interfaces in modern vehicles. CEO Asher Dahan emphasized the importance of intuitive interaction methods as vehicles become more screen-reliant, focusing on driver safety and passenger entertainment.
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