Wearable Devices to Showcase AI-based Wearable Technology to Control Smart Glasses at AWE USA 2023

The Company is a Bronze sponsor at the conference and will demonstrate live how the Mudra Band provides seamless interactions with industrial and consumer smart glasses.

YOKNEAM ILLIT, ISRAEL, May 22, 2023 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) (“Wearable Devices” or the “Company”), a technology growth company developing AI-powered touchless sensing wearables, today announced that it will exhibit at the Augmented World Expo (AWE) Santa Clara, to be held at the Santa Clara Convention Center from Wednesday, May 31, 2023 through Friday, June 2, 2023.

Mr. Barry Kaplan, the Company’s Executive Vice President of the U.S. Operations, will give a presentation titled, “The Missing Piece of the AR/VR Puzzle: Bringing a New Level of Realism to Immersive Experiences,” where he will demonstrate the Mudra Band’s capabilities to control augmented reality (AR) and virtual reality (VR) smart glasses. The presentation will be held in Grand Ballroom G on Wednesday, May 31, 2023, at 11:00 a.m. PDT. Recently, the Company announced that its flagship Mudra Band product is compatible with RealWear and Nreal Smart Glasses.

“We are delighted to return to AWE for the sixth time, and to advance its mission to make augmented reality ubiquitous among consumers,” said Mr. Kaplan. “We believe the Mudra neural input technology is the missing piece of AR/VR adoption, as it brings a new level of realism and engagement to immersive experiences.”

For over 20 years, the global AWE exhibitions have showcased the latest advancements in augmented, virtual, and mixed reality (MR) technologies and their applications across various industries. AWE is where business professionals go to gain insights into the latest AR, VR and MR technologies and their potential applications, network with industry professionals, and stay up to date on emerging trends and opportunities in the AR/VR/MR space.

For personal demonstrations at AWE, please contact us at: meetings@wearabledevices.co.il

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 Metaverse, 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 neural input technology is the missing piece of AR/VR adoption. 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 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