Wearable Devices Ltd. Warrant - WLDSW STOCK NEWS

Wearable Devices (Nasdaq: WLDS, WLDSW), a tech company specializing in AI-powered touchless sensing wearables, has secured a patent in China. The patent, No. CN107589782, titled 'Method and Apparatus for a Gesture Controlled Interface for Wearable Devices,' enhances the company's intellectual property portfolio in the Eastern markets. This innovative interface, using a wrist-worn band, detects hand gestures with a focus on pressure-based interactions. Chief Scientist Guy Wagner stated that expanding the patent portfolio globally will help in collaborating with global partners and advancing their AI-enabled sensor technology.

Wearable Devices has been selected to present its gesture control technology at the Samsung Global Sourcing Fair in South Korea. This opportunity allows the company to showcase its innovative AI-powered touchless sensing wearables to Samsung's senior management and key stakeholders. The event aims to boost the company's visibility, explore collaborations, and integrate solutions with the global brand. Wearable Devices will introduce its seamless gesture technology that enables users to control digital devices through natural finger movements, showcasing the practical applications and consumer readiness of the technology.

Wearable Devices partners with Webidoo for the retail rollout of the Mudra Band, a touchless sensing device for Apple Watches. The collaboration includes featuring the product at Webidoo Store in Milano, Italy, and making it available online. This partnership highlights the innovative nature of the Mudra Band and Webidoo Store's commitment to delivering cutting-edge technology to consumers.

Wearable Devices has been granted a 180-day extension by Nasdaq to regain compliance with the minimum bid price rule. The company must meet the $1.00 bid price per share requirement to avoid potential delisting. Nasdaq's decision is based on the company's meeting of other listing requirements. The company's ordinary shares will remain listed on the Nasdaq Capital Market under the symbol 'WLDS' during this compliance period.

Wearable Devices announces a breakthrough in digital interaction with the Mudra Band, introducing an AI gesture mouse for Mac computers. The new feature allows for natural, effortless navigation through a 'reverse-pinch' gesture, enhancing user experience within the Apple ecosystem. Additional updates include optimized Apple TV control and a comprehensive firmware update to improve touchless interaction.

Wearable Devices signs a reseller agreement with WisePlus to expand its licensing program reach in South Korea and China. The collaboration aims to leverage WisePlus' network and expertise to promote the Mudra Technology Developer Kit, enabling OEMs and developers to create custom gestures for various industries.

Wearable Devices releases a report on XR technology, highlighting Apple and Meta's advancements in smart glasses. The report emphasizes the importance of neural interfaces and gesture-based controls in wearables.

Wearable Devices (Nasdaq: WLDS, WLDSW) reported its 2023 financial results, highlighting strategic capital allocation, partnerships, and innovative product developments. The company experienced a net loss increase due to investments in sales, marketing, research, and development. Wearable Devices launched the B2B Mudra Developer Kit, collaborated with Qualcomm, and signed agreements with leading companies. The B2C product, Mudra Band for Apple Watch, received positive reception at trade shows. Financially, research and development expenses and sales and marketing expenses rose by 46% and 47%, respectively. The net loss for 2023 was $(7.8 million), with cash and deposits at $4.9 million. Inventory increased to $1.0 million to support B2C business growth in 2024.

Wearable Devices Ltd. announces a collaboration with Qualcomm Technologies to enhance XR experiences with Mudra's touchless control technology. The partnership aims to redefine interactions in AR and VR environments by combining Mudra's technology with Snapdragon Spaces, setting a new standard for immersive digital experiences.