Wearable Devices to Showcase AI-based Wearable Technology for Smart Glasses at XR Fair Tokyo 2023
26 Junho 2023 - 9:00AM
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/.
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 benefits and advantages
of our products 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: 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
Walter FrankIMS Investor
Relations203.972.9200wearabledevices@imsinvestorrelations.com
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