Wearable Devices Boldly Welcomes Meta’s Neural Control Entry to the AR/VR/XR Market
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.
Wearable Devices (Nasdaq: WLDS, WLDSW), pioniere nella tecnologia di controllo gestuale basata su AI, ha applaudito l'ingresso di Meta nel settore delle interfacce neurali annunciato al Meta Connect 2024. Il CEO Asher Dahan interpreta questo sviluppo come una conferma del potenziale nel controllo neurale, un campo in cui Wearable Devices sta facendo progressi da oltre un decennio. I dispositivi Mudra Band e Mudra Link dell'azienda abilitano la navigazione digitale a mani libere, ridefinendo l'interazione degli utenti con la tecnologia.
Wearable Devices sottolinea la sua posizione consolidata nel mercato, avendo vinto il 'Best of CES Innovation Award' nel 2021 per il Mudra Band. Mentre Meta ha presentato un 'Prototipo di Prodotto con Scopo' per occhiali smart, Wearable Devices offre una soluzione versatile per il controllo di computer, applicazioni e occhiali smart. L'azienda considera l'ingresso di Meta come un catalizzatore per l'innovazione e attende con interesse di continuare a superare i confini nello spazio dei dispositivi indossabili neurali.
Wearable Devices (Nasdaq: WLDS, WLDSW), pionero en tecnología de control gestual basada en IA, ha recibido con agrado la entrada de Meta en el sector de interfaces neuronales anunciada en Meta Connect 2024. El CEO Asher Dahan ve esto como una validación del potencial en el control neuronal, un campo en el que Wearable Devices ha estado avanzando durante más de una década. Los dispositivos Mudra Band y Mudra Link de la compañía permiten la navegación digital sin manos, redefiniendo la interacción del usuario con la tecnología.
Wearable Devices enfatiza su posición consolidada en el mercado, habiendo ganado el 'Best of CES Innovation Award' en 2021 por el Mudra Band. Mientras Meta presentó un 'Prototipo de Producto con Propósito' para gafas inteligentes, Wearable Devices ofrece una solución versátil para controlar computadoras, aplicaciones y gafas inteligentes. La compañía considera la entrada de Meta como un impulso a la innovación y espera seguir expandiendo los límites en el espacio de los dispositivos portátiles neuronales.
웨어러블 디바이스 (Nasdaq: WLDS, WLDSW)는 AI 기반 제스처 컨트롤 기술의 선구자로서, 메타가 신경 인터페이스 분야에 진입한 것을 환영합니다라고 Meta Connect 2024에서 발표했습니다. CEO 아샤 다한은 이를 신경 제어의 잠재성을 검증하는 것으로 보고 있으며, 웨어러블 디바이스는 10년 이상 이 분야에서 발전해 왔습니다. 회사의 무드라 밴드와 무드라 링크는 손을 사용하지 않고 디지털 내비게이션을 가능하게 하여 기술과의 사용자 상호작용을 재정의합니다.
웨어러블 디바이스는 2021년 무드라 밴드로 'CES 혁신상'을 수상하며 시장에서 확고한 입지를 다지고 있음을 강조합니다. 메타가 스마트 안경을 위한 '목적 있는 제품 프로토타입'을 공개한 반면, 웨어러블 디바이스는 컴퓨터, 애플리케이션 및 스마트 안경을 제어하기 위한 다목적 솔루션을 제공합니다. 이 회사는 메타의 진입을 혁신을 촉진하는 것으로 여기며, 신경 웨어러블 공간에서 계속해서 경계를 허물어 나가기를 기대합니다.
Wearable Devices (Nasdaq: WLDS, WLDSW), pionnier de la technologie de contrôle gestuel basée sur l'IA, a accueilli l'entrée de Meta dans le secteur des interfaces neuronales annoncée lors du Meta Connect 2024. Le PDG Asher Dahan considère cela comme une validation du potentiel du contrôle neuronal, un domaine dans lequel Wearable Devices progresse depuis plus d'une décennie. Les dispositifs Mudra Band et Mudra Link de l'entreprise permettent une navigation numérique sans les mains, redéfinissant l'interaction des utilisateurs avec la technologie.
Wearable Devices souligne sa position établie sur le marché, ayant remporté le 'Best of CES Innovation Award' en 2021 pour le Mudra Band. Alors que Meta a présenté un 'Prototype de produit avec objectif' pour des lunettes intelligentes, Wearable Devices propose une solution polyvalente pour contrôler les ordinateurs, les applications et les lunettes intelligentes. L'entreprise considère l'entrée de Meta comme un catalyseur de l'innovation et est impatiente de continuer à repousser les limites dans le domaine des dispositifs portables neuronaux.
Wearable Devices (Nasdaq: WLDS, WLDSW), ein Pionier in der auf KI basierenden Gestensteuerungstechnologie, hat Meta's Eintritt in den Bereich der neuronalen Schnittstellen begrüßt, der auf der Meta Connect 2024 angekündigt wurde. CEO Asher Dahan sieht dies als Bestätigung des Potenzials der neuronalen Steuerung, einem Bereich, in dem Wearable Devices seit mehr als einem Jahrzehnt Fortschritte macht. Die Geräte Mudra Band und Mudra Link des Unternehmens ermöglichen die digitale Navigation ohne Hände und definieren die Interaktion der Benutzer mit der Technologie neu.
Wearable Devices betont seine etablierte Position auf dem Markt und hat 2021 den 'Best of CES Innovation Award' für das Mudra Band gewonnen. Während Meta einen 'Zweckvollständigen Produktprototyp' für Smart Glasses vorgestellt hat, bietet Wearable Devices eine vielseitige Lösung zur Steuerung von Computern, Anwendungen und Smart Glasses. Das Unternehmen sieht den Eintritt von Meta als Innovationsförderung und freut sich darauf, weiterhin Grenzen im Bereich der neuronalen tragbaren Technologien zu verschieben.
- Validation of neural interface technology by Meta's entry into the market
- Established market presence with award-winning Mudra Band and Mudra Link devices
- Versatile product offering for controlling various digital devices and applications
- Potential increase in competition from Meta's entry into the neural interface sector
Insights
Meta's entry into neural control for AR/VR/XR is a significant development, validating the potential of this technology. However, Wearable Devices' decade-long experience and existing products give them a substantial head start. The Mudra Band and Mudra Link are already on the market, while Meta's offering is still a prototype.
Wearable Devices' technology appears more versatile, controlling computers and applications beyond just smart glasses. Their CES Innovation Award in 2021 demonstrates industry recognition. However, Meta's vast resources and user base could accelerate market adoption of neural interfaces, potentially benefiting the entire sector.
For investors, this news is a double-edged sword. It validates Wearable Devices' market but also introduces a formidable competitor. The company's ability to innovate and maintain its technological edge will be important in the face of increased competition.
Meta's entry into neural control could significantly expand the market for gesture control technologies, potentially benefiting Wearable Devices through increased awareness and demand. However, it also poses a threat due to Meta's substantial resources and existing user base in the AR/VR space.
Wearable Devices' market cap of
The neural interface market is still nascent, with significant growth potential. Wearable Devices' early mover advantage and proven products could position them well, but they'll need to capitalize on this quickly to establish a strong market position before larger players like Meta gain traction.
Yokneam Ilit, Israel, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), an award-winning pioneer in AI-based gesture control technology, today applauded Meta’s entrance into the gesture control space with its announcement at Meta Connect 2024.
“Welcome, Meta. Seriously,” declared Wearable Devices’ Chief Executive Officer Asher Dahan. “Competition only fosters innovation, and we are encouraged to see Meta’s nascent commitment to the neural interface sector which we at Wearable Devices have been advancing and perfecting for over a decade.”
With its award-winning Mudra Band and Mudra Link neural gesture control devices, both of which empower users with hands-free digital navigation, Wearable Devices long ago redefined the way people interact with technology. The Company has repeatedly demonstrated the transformative nature of neural interface technology, enabling users to control digital environments using their thoughts and intentions, opening new doors for hands-free interaction with devices and digital experiences.
“Meta’s new move into this field validates the immense potential and growing importance of neural control,” added Mr. Dahan. “Clearly, we at Wearable Devices have been onto something big all along as the trailblazers in neural wearables, and we look forward to continuing to push boundaries alongside other key players in the space.”
In the past year, the Mudra Band has enhanced the experience of thousands of users, showcasing its proven value. While Meta presented its neural wristband as a 'Purposeful Product Prototype' for smart glasses, we offer a versatile solution that controls computers, applications, and smart glasses.
Wearable Devices has long been at the forefront of gesture control innovation, having won the prestigious ‘Best of CES Innovation Award’ in 2021 for its Mudra Band, the first neural interface wristband.
For more information, visit www.wearabledevices.co.il.
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 the Company’s devices and technology . 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
Media Contact:
Steve Schuster
Rainier Communications
steve@rainierco.com
+1-508-868-5892
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