Wearable Devices Achieves Major Milestone; Completes First Manufacturing Batch of the Mudra Band for Apple Watch
15 Agosto 2023 - 9:30AM
Wearable Devices Ltd. (the “Company” or “Wearable Devices”)
(Nasdaq: WLDS, WLDSW), a technology growth company specializing in
AI-powered touchless sensing wearables, is thrilled to announce
that it has completed the first commercial manufacturing batch of
the Mudra Band for Apple Watch, the Company’s flagship product.
This initial commercial manufacturing phase was specifically geared
toward fulfilling pre-order demand, and the Company expects to
begin delivery in the upcoming weeks.
Asher Dahan, Chief Executive Officer of Wearable
Devices, expressed his gratitude and excitement, commenting, “I’m
pleased to announce that we have officially completed the first
commercial manufacturing batch of our innovative B2C product, the
Mudra Band for Apple Watch. The Mudra Band is compatible with
various Apple Watch models. We are delighted to have reached this
milestone, and it is with great enthusiasm that we prepare to ship
the first batch to our dedicated customers, whose trust in our
vision and technology has been a driving force for us as we
continue to grow our business."
The Mudra Band, which was initially launched to
facilitate touchless operation of the Apple Watch via neural
signals, has seen remarkable enhancements. Its Air-Touch feature
now enables users to navigate through Apple's extensive ecosystem,
from iPhones to smart glasses, using subtle finger movements and
spatial gestures, revolutionizing the user interface
experience.
Customers who have pre-ordered can expect a shipping
notification soon. For those interested in ordering or learning
more about the Mudra Band, please visit the official website at
www.mudra-band.com.
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 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”.
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 expectation to begin
delivery of the Mudra Band for Apple Watch in the upcoming weeks
and the growth of our business. 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 Frank IMS Investor Relations 203.972.9200
wearabledevices@imsinvestorrelations.com
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