Wearable Devices’ Mudra Neural Gestures Control Demonstrated With OPPO MR Glass Developer Edition
30 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, today announced that its
Mudra gesture technology for developers with leading technology
company OPPO’s Mixed Reality (MR) device will be available at
the Augmented World Expo Asia ("AWE Asia") on August 30-31, 2023 in
Singapore.
Using OPPO MR Glass Developer Edition, the Company's neural
control technology demonstrated smooth and seamless gesture control
in a variety of applications requiring intuitive hands-free
control.
“We are honored to collaborate with one of the world's leaders
in the industry, in delivering an intuitive hands-free gesture
control for smart glasses and headsets. As our Mudra technology for
the B2B market continues to gain momentum, presenting it to the
global community of developers is imperative to increase our
worldwide awareness. The collaboration with OPPO further underlines
the confidence in our technology," said Offir Remez, the Company’s
Executive VP of Business Development.
AWE Asia is Asia's essential event for enterprises, XR solution
providers, developers, and media interested in Virtual Reality,
Augmented Reality, and other Web3 and Metaverse technologies in
Asia. Keynote speakers will include Mark Billinghurst (University
of South Australia), Alvin Graylin (HTC), Yu Yuan (IEEE), Ikhwan
Cho (SK Telecom), and Terry xR. Schussler (Deutsche Telekom) and
the event will feature global technology giants including Meta,
NVIDIA, Microsoft, Google, Lenovo, and Qualcomm.
Building on the momentum of its recent licensing program launch,
the Company aims to expand its market footprint by engaging with
industry leaders, providing them with innovative capabilities to
design and develop customizable touchless control products.
The licensing program provides a royalty-based license agreement
through which original equipment manufacturers will have the
ability to customize a reference design version of the Company’s
award-winning Mudra gesture technology to meet the specific needs
of their business.
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
ordinary shares and warrants trade on the Nasdaq Capital Market
under the symbols “WLDS” and “WLDSW”, respectively.
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 aim to expand the
Company’s market footprint by engaging with industry leaders, that
collaboration with OPPO further underlines the confidence in our
technology and the benefits and advantages of our Mudra gesture
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 Frank IMS Investor Relations
203.972.9200wearabledevices@imsinvestorrelations.com
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