Wearable Devices and TCL’s RayNeo Join Forces to Bring the Future of Neural Controller Wristband to AR Glasses Market Significantly Ahead of Meta
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) annuncia una collaborazione strategica con TCL-RayNeo per sviluppare braccialetti a interfaccia neurale per occhiali AR, con l'obiettivo di una commercializzazione già dal prossimo anno. La partnership integra gli occhiali AR di RayNeo con la tecnologia di controllo gestuale neurale di Wearable Devices, permettendo interazioni senza mani e basate su gesti in ambienti di realtà aumentata. Questa iniziativa li posiziona in vantaggio rispetto al recente prototipo di controllo gestuale annunciato da Meta. La collaborazione combina l'expertise hardware AR di RayNeo con la tecnologia Mudra Band e Mudra Link di Wearable Devices per creare esperienze utente immersive e intuitive nel mercato XR.
Wearable Devices (Nasdaq: WLDS) anuncia una colaboración estratégica con TCL-RayNeo para desarrollar pulseras de interfaz neuronal para gafas AR, con el objetivo de lanzarse al mercado tan pronto como el próximo año. La asociación integra las gafas AR de RayNeo con la tecnología de control gestual neuronal de Wearable Devices, lo que permite interacciones sin manos basadas en gestos en entornos de realidad aumentada. Esta iniciativa los posiciona por delante del reciente prototipo de control gestual anunciado por Meta. La colaboración combina la experiencia en hardware AR de RayNeo con la tecnología Mudra Band y Mudra Link de Wearable Devices para crear experiencias de usuario inmersivas e intuitivas en el mercado XR.
웨어러블 디바이스 (Nasdaq: WLDS)는 TCL-RayNeo와 협력하여 AR 안경용 신경 인터페이스 손목밴드를 개발한다고 발표했습니다. 시장 출시 목표는 내년 초입니다. 이 파트너십은 RayNeo의 AR 안경과 Wearable Devices의 신경 제스처 제어 기술을 통합하여 증강 현실 환경에서 손을 사용하지 않고 제스처 기반 상호작용을 가능하게 합니다. 이 이니셔티브는 그들을 메타의 최근 발표된 제스처 제어 프로토타입보다 앞서게 합니다. 이번 협력은 RayNeo의 AR 하드웨어 전문성과 Wearable Devices의 Mudra Band 및 Mudra Link 기술을 결합하여 XR 시장에서 몰입감 있고 직관적인 사용자 경험을 창출합니다.
Wearable Devices (Nasdaq: WLDS) annonce une collaboration stratégique avec TCL-RayNeo pour développer des bracelets à interface neurale pour lunettes AR, avec pour objectif une commercialisation dès l'année prochaine. Ce partenariat intègre les lunettes AR de RayNeo avec la technologie de contrôle gestuel neuronal de Wearable Devices, permettant des interactions sans contact, basées sur des gestes dans des environnements de réalité augmentée. Cette initiative les place en avance sur le récent prototype de contrôle gestuel annoncé par Meta. La collaboration combine l'expertise matérielle AR de RayNeo avec la technologie Mudra Band et Mudra Link de Wearable Devices pour créer des expériences utilisateur immersives et intuitives sur le marché XR.
Wearable Devices (Nasdaq: WLDS) kündigt eine strategische Zusammenarbeit mit TCL-RayNeo an, um neuronale Schnittstellen-Armbänder für AR-Brillen zu entwickeln, mit dem Ziel, bereits im nächsten Jahr auf den Markt zu kommen. Die Partnerschaft integriert RayNeos AR-Brillen mit der Gestensteuerungstechnologie von Wearable Devices, die berührungslose, gestenbasierte Interaktionen in augmented reality Umgebungen ermöglicht. Diese Initiative positioniert sie vor dem kürzlich angekündigten Gestensteuerungsprototyp von Meta. Die Zusammenarbeit vereint RayNeos AR-Hardware-Expertise mit der Mudra Band- und Mudra Link-Technologie von Wearable Devices, um immersive, intuitive Benutzererlebnisse im XR-Markt zu schaffen.
- Strategic partnership with TCL-RayNeo positions the company ahead of Meta in the AR gesture control market
- Planned market release as early as next year shows rapid commercialization timeline
- Integration of proprietary Mudra technology with established AR hardware manufacturer
- Final terms of collaboration still subject to negotiation and definitive agreements
- No specific financial terms or revenue projections disclosed
Insights
This collaboration marks a strategic positioning in the competitive AR control interface market, with potential first-mover advantage against Meta. The integration of Mudra Band's neural sensing technology with RayNeo's AR glasses could create a compelling product offering for the growing XR market. However, several critical factors remain uncertain:
- No specific revenue projections or financial terms disclosed
- Timeline for product launch is vague ("as soon as next year")
- Definitive agreements yet to be finalized
- Market size and adoption rate for neural interface AR controls unproven
While the technology combination is promising, WLDS's micro-cap status (
YOKNEAM ILLIT, ISRAEL, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in artificial intelligence (“AI")-powered touchless sensing wearables, announces an innovative collaboration with TCL-RayNeo™ (“RayNeo”), a leader in augmented reality (“AR”) technology, aiming at bringing mass-market neural interface wristband for AR glasses to life now.
Both parties will be showcasing how neural interface wristband can be seamlessly integrated into AR devices, enhancing user experience by enabling hands-free, gesture-based interactions in augmented and mixed reality environments. This collaboration, previously announced earlier this month, highlights a groundbreaking leap towards more immersive, intuitive user experiences with the objective of being available as soon as next year. For comparison, Meta announced last month its entrance into the gesture control space and presented its neural wristband as a 'Purposeful Product Prototype' for smart glasses. RayNeo is known for its innovations in AR, developing cutting-edge AR glasses that enhance immersive experiences by overlaying digital content in the real world. By integrating RayNeo’s AR glasses with Wearable Devices’ neural gesture control technology, users can experience a truly hands-free interaction, elevating the immersive experience to new heights.
“Our collaboration with RayNeo signals a thrilling new chapter in neural gesture technology,” said Asher Dahan, Chief Executive Officer of Wearable Devices. “Our breakthrough Mudra Band and Mudra Link technology is redefining how users interact in mixed reality, offering more natural and instinctive control. Together with RayNeo, we’re creating immersive experiences that feel almost magical, as if technology has become an extension of oneself.”
“Collaborating with Wearable Devices represents a significant leap forward in the future of AR technology,” said Howie Li, Chief Executive Officer of RayNeo. “By combining RayNeo’s advanced AR glasses with the cutting-edge neural interface technology from Wearable Devices, we are committed to providing innovative solutions that empower users and transform everyday experiences. We believe this collaboration will lead to a new era of smart, intuitive, and immersive wearable experiences.”
This collaboration highlights the potential for future innovations in the extended reality (“XR”) market. The combination of RayNeo’s advanced AR hardware and Wearable Devices’ neural input technology creates exciting possibilities for the next generation of smart wearables, offering seamless and touchless control across various applications. The details of the full terms of this collaboration are subject to negotiation and execution of definitive agreements.
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 the 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 symbols “WLDS” and “WLDSW”, respectively.
About RayNeo™
RayNeo™, incubated by TCL Electronics (1070.HK), is an industry leader in consumer-grade AR innovation, developing some of the world's most revolutionary AR consumer hardware, software and applications. RayNeo specializes in the research and development of AR technologies with industry-leading optics, display, algorithm and device manufacturing.
Established in 2021, RayNeo has launched the world's first full-color Micro-LED optical waveguide AR glasses, achieving several technology breakthroughs in the industry. Alongside winning the "Best Connected Consumer Device" at MWC's Global Mobile Awards (GLOMO) 2023 with NXTWEAR S, RayNeo also developed the innovation consumer XR wearable glasses, RayNeo Air 2, featuring top-tier, cinematic audiovisual experiences with ultimate comfort. For more information, please visit: https://www.rayneo.com/
Forward-Looking Statement Disclaimer
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 benefits and advantages of our technology and solutions and those of RayNeo, our expectation that this collaboration will lead to a new era of smart, intuitive, and immersive wearable experiences and the availability of the technology to users. 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. The Company may not enter into or complete any definitive agreement for the proposed collaboration or, even if it does, such collaboration may not achieve the intended benefits. 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: the full terms of the contemplated collaboration which are subject to negotiation and execution of definitive agreements; the trading of our ordinary shares or warrants and the development of a liquid trading market; 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, 2023, filed on March 15, 2024 and our other filings with the SEC. 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
FAQ
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