Wearable Devices Launches New Mudra Band Application on the Apple App Store and Adds a Custom Designed Apple Watch Face for Mudra Band Users

YOKNEAM ILLIT, ISRAEL, June 20, 2023 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) (“Wearable Devices” or the "Company"), a technology growth company specializing in AI-powered touchless sensing wearables, is excited to announce that the new Mudra Band application is now available in the Apple App Store. The Company also added an exclusive custom-designed Apple Watch Face for Mudra Band users.

The Company’s flagship product, the Mudra Band for Apple Watch, uses neural signals from the wrist to translate user intent to input touchless commands for Apple ecosystem devices. The Mudra Band’s Air-Touch functionality enables the use of subtle finger movements for point, click, and drag and drop commands. These natural and familiar gestures are used for tap to select, pinch to scroll, swipe, hold, and navigate to any area of interest using gestures in a relaxed spatial body posture.

The Air-Touch functionality also supports a seamless switch and toggle of input between Apple products – spanning across iPhones, iPads, Mac computers, Apple TVs, and additional devices such as augmented reality (AR) smart glasses, extended reality headsets, and mobile gaming devices. The new Mudra Watch Face provides quick and convenient and effortless control switch between the user’s iPhone, iPad, Apple TV, and Mac computer, directly from their Apple Watch.

A major new feature in the Mudra Band application is displaying Surface Neural Conductance (SNC) signal patterns of the user’s ulnar, median and radial wrist nerve bundles, live and in real-time. Observing neural signals provides a plethora of insight into the mind-body connection, revealing the intricate interplay between thoughts, emotions, and physiological responses, deepening our understanding of brain-body communication.

Real-time monitoring of neural signals opens groundbreaking possibilities for promising use-cases. It can help promote self-awareness, emotional regulation, and stress management by providing real-time feedback on the mind-body connection. The ability to visualize and analyze real-time neural signals in a non-invasive form spurs developments in brain-computer interfaces (BCIs) and neurofeedback technologies.

"We are excited to introduce the Mudra Band application, along with the unique Mudra Apple Watch Face, which will revolutionize the way Apple ecosystem users interact with their devices," said Asher Dahan, Chief Executive Officer of Wearable Devices. "While the Mudra Band device is currently in pre-order, the launch of the app on the Apple App Store and the addition of the specialized watch face bring us one step closer to our vision of touchless spatial interactions using familiar gestures. With these new features, we believe users will experience a new level of convenience and efficiency in their daily interactions with their Apple devices."

The Mudra Band app for Apple Watch is now available for download on the Apple App Store. To learn more about Mudra Band, its capabilities, and to stay updated on the availability of the Mudra Band device, please visit www.mudra-band.com.

About Wearable Devices Ltd.

Wearable Devices Ltd. (the “Company”) 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, the Mudra Inspire, 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 common stock trades on the Nasdaq market under the symbol “WLDS”. For more information, please visit https://www.wearabledevices.co.il/.

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 our belief that the Mudra Band application and the Mudra Apple Watch Face will revolutionize the way Apple ecosystem users interact with their devices and will enable such users to experience a new level of convenience and efficiency in their daily interactions with their Apple devices. 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: our use of proceeds from the offering; 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, 2022, filed on March 22, 2023 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

John Nesbett/Jennifer Belodeau
IMS Investor Relations
203.972.9200
wearabledevices@imsinvestorrelations.com