Wearable Devices Announces the Launch of Mudra Band for Apple Watch on Walmart.com, Expanding Access to Its Innovative Gesture-Controlled Wearable Technology

Rhea-AI Summary

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.

Positive

• Launch on Walmart.com expands market reach to millions of potential customers
• Strategic alignment with goal of expanding presence across major U.S. retail platforms
• Increases accessibility of AI-powered touchless sensing technology
• Enhances brand recognition in the U.S. market

Negative

• None.

Insights

Tech Expert

The launch of Wearable Devices' Mudra Band on Walmart.com is a strategic move that could significantly boost the company's market presence. By expanding to one of the largest retail platforms in the U.S., WLDS is positioning itself for increased visibility and potential sales growth. The Mudra Band's integration with Apple's ecosystem is a key selling point, tapping into the vast Apple user base.

However, investors should consider several factors:

• Market adoption rate for gesture-controlled wearables is still uncertain
• Competition from established players in the wearable tech space
• Dependency on Apple's ecosystem could be both an advantage and a limitation
• Potential impact on revenue and profit margins needs to be closely monitored

While this launch expands distribution channels, its true impact on WLDS's financial performance remains to be seen. Investors should watch for sales data and user adoption rates in the coming quarters to gauge the success of this retail expansion strategy.

Market Research Analyst

The Mudra Band's launch on Walmart.com represents a significant market expansion opportunity for Wearable Devices. With Walmart's massive customer base, this move could potentially lead to increased brand awareness and sales. However, it's important to consider the following market dynamics:

• The wearable technology market is highly competitive, with established players like Apple and Samsung
• Consumer adoption of gesture-control technology is still in its early stages
• Price point and perceived value will be critical factors in driving sales

The success of this launch will largely depend on Wearable Devices' ability to effectively market the Mudra Band's unique features and convince consumers of its value proposition. Given WLDS's current market cap of $5,025,480, any significant uptick in sales could have a substantial impact on the company's valuation. Investors should closely monitor initial sales figures and customer reviews to gauge market reception and potential long-term growth prospects.

YOKNEAM ILLIT, ISRAEL, Oct. 11, 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, today announced the official launch of its Mudra Band on Walmart.com (“Walmart”). This exciting development brings the Company’s innovative neural-based gesture control technology to one of the largest retail platforms in the world, making it more accessible to millions of Apple users in the United States.

This launch on Walmart aligns with Wearable Devices’ strategic goal of expanding its presence across major U.S. retail platforms. Following the successful introduction of the Mudra Band on Amazon, this move significantly broadens the Company's market reach. By being available on Walmart, Wearable Devices is enabling a wider audience to experience next-level gesture control and enhancing its brand recognition in the U.S. market.

The Mudra Band, designed specifically for Apple Watch, allows users to interact with their Apple devices—such as the iPhone, iPad, Apple TV, and MacBook—using simple hand gestures. By harnessing neural signals and translating them into commands, users can control their devices without needing to touch the screen, providing a seamless and innovative user experience.

Key Features of the Mudra Band:

• Hands-Free Control: Perform common actions—like swiping, tapping, or scrolling—using simple neural gestures without touching your device.
• Apple Ecosystem Compatibility: Fully integrated with iPhone, iPad, Apple TV and MacBook, creating a smooth user experience across Apple’s product ecosystem.
• Advanced Neural Interface: Utilizes AI-powered technology to translate neural signals into device commands, allowing effortless control.
• Enhanced Accessibility: Perfect for users looking for touchless control solutions, whether for convenience or multitasking.

Asher Dahan, Chief Executive Officer of Wearable Devices, stated: “Launching the Mudra Band on Walmart represents a significant step forward in expanding the reach of our technology. This retail collaboration allows us to introduce our AI-powered neural interface to a wider audience, enabling more users to experience the future of touchless device interaction.”

For more information and to purchase the Mudra Band, visit Wlamart.com or Wearable Devices' official page.

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.

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 the  benefits and advantages of our Mudra Band and collaboration with Walmart and our strategic goal of expanding our presence across major U.S. retail platforms. 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. 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 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

What is the Mudra Band for Apple Watch by Wearable Devices (WLDS)?

The Mudra Band is an AI-powered wearable device that allows users to control Apple devices using simple hand gestures without touching the screen. It translates neural signals into commands for seamless interaction with iPhones, iPads, Apple TVs, and MacBooks.

Where can customers purchase the Mudra Band by Wearable Devices (WLDS)?

As of October 11, 2024, customers can purchase the Mudra Band on Walmart.com, in addition to its previous availability on Amazon. This expansion increases accessibility to the product for U.S. consumers.

What are the key features of the Mudra Band for Apple Watch by WLDS?

The key features of the Mudra Band include hands-free control of Apple devices, full compatibility with the Apple ecosystem, an advanced neural interface using AI-powered technology, and enhanced accessibility for users seeking touchless control solutions.

How does the launch on Walmart.com impact Wearable Devices (WLDS)?

The launch on Walmart.com significantly expands Wearable Devices' market reach, making its technology accessible to millions of Apple users in the United States. It also enhances the company's brand recognition in the U.S. market and aligns with its strategic goal of expanding across major retail platforms.