Wearable Devices to Showcase AI-based Wearable Technology for Smart Glasses at XR Fair Tokyo 2023

YOKNEAM ILLIT, ISRAEL, June 26, 2023 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW), a technology growth company specializing in AI-powered touchless sensing wearables, today announced that it will exhibit at the XR Fair Tokyo, to be held at the Tokyo Big Sight convention and exhibition center in Tokyo, Japan, from Wednesday, June 28, 2023 through Friday June 30, 2023.

XR Fair Tokyo is a Business to Business (B2B) exhibition that gathers all the services and technologies related to virtual reality, augmented reality (AR), and mixed reality. As the key technology to develop the metaverse, extended reality (XR) is quickly gaining global attention. XR Fair Tokyo is one of the premier platforms for XR companies to introduce their latest services and technologies to various industries such as entertainment, manufacturing, marketing, etc.

Recently, the Company announced that its Mudra technology is compatible with the product lines of two leading AR glasses manufacturers: RealWear and Nreal. Using subtle finger gestures for point, tap, and drag and drop, the user inputs spatial commands such as pinch to select, scroll, swipe and hold, and moves the wrist to point at any area of interest. These familiar gestures translate user intent naturally and intuitively to input spatial hand interactions in relaxed and comfortable body postures.

Wearable Devices offers its technology to two distinct markets: (1) the Mudra Band (“Mudra”) for Apple devices, targeting consumers, now open for pre-order and (2) the second solution, Mudra technology with Air-Touch functionality for Android, which enables commercial companies and enterprise to create custom experience for their users.

“It is now well established that point, click, and drag and drop using subtle finger movements is the preferred way to input commands into face-worn computers, and the Mudra Band offers this functionality for any Bluetooth HID compatible device,” commented Asher Dahan, Chief Executive Officer (CEO) of Wearable Devices Ltd. “Japanese corporations and consumers are traditionally early adopters of innovative technologies that frequently become the global standard, and XR Fair Tokyo is a wonderful opportunity to showcase how the Mudra technology offers hands-free input for industrial AR glasses and provides seamless and immersive interaction for consumer AR devices.”

 To book a meeting with the Company’s CEO, Chief Scientific Officer or Japan General Manager, please visit https://www.wearabledevices.co.il/xrtokyo.

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, 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 Metaverse, one of the most rapidly expanding landscapes in the tech industry. The Company’s ordinary shares and warrants trade on the Nasdaq Capital Market under the symbols “WLDS” and ‘WLDSW,” respectively. For more information, please visit https://www.wearabledevices.co.il/.

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Investor Relations Contact

Walter Frank
IMS Investor Relations
203.972.9200
wearabledevices@imsinvestorrelations.com