WLDSW Wearable Devices Ltd

Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) and RayNeo™ today announced their groundbreaking collaboration to redefine the augmented reality (“AR”) experience with the debut of the RayNeo™ X3 Pro glasses, pre-bundled with Wearable Devices’ Mudra® neural input wristband. The glasses are powered by the Snapdragon® AR1 Gen 1 Platform from Qualcomm Technologies, Inc. This ecosystem collaboration sets a new standard for intuitive and immersive AR interaction.

Wearable Devices’ Mudra® technology transforms AR interactions with RayNeo™ by utilizing highly accurate neural-input wristbands for gesture tracking. This advancement does not require line-of-sight gestures, reducing device weight and power consumption, and enabling more compact and fashionable designs. With Mudra® technology, RayNeo™ users can control their AR experience through subtle, familiar gestures, enjoying enhanced functionality and comfort.

The co-branded new AR glasses, bearing the label “Powered by Mudra® Technology,” will be showcased at the RayNeo™ booth (#17704) and Wearable Devices’ booth (#15758) in the Las Vegas Convention Center’s Central Hall at CES® 2025. 

Offir Remez, Executive VP of Wearable Devices, stated, “Our collaboration with RayNeo™ marks a significant milestone in the evolution of augmented reality. Mudra’s® wrist neural technology enables intuitive and seamless interaction with RayNeo™ glasses to provide users with the next-level professional AR experience.”

“This collaboration marks a significant leap in AR technology, bringing together neural input innovation and advanced AR design,” said Howie Li, Chief Executive Officer of RayNeo™. “The RayNeo™ X3 Pro glasses and Mudra neural wristband deliver an intuitive, seamless AR experience, redefining how users interact with the digital world.”

Sahil Bansal, Senior Director, Product Management at Qualcomm Technologies, Inc., stated: “With the growing popularity of smart glasses, we’re excited to see innovation like Wearable Devices’ Mudra® wristband that allows users to intuitively navigate display enabled AR devices. This new technology is a great companion for RayNeo’s™ new glasses powered by Snapdragon AR1 Gen 1.”

Features of Wearable Devices’ Mudra® technology Include:

• Intuitive Gesture Control: With advanced neural interface technology, Mudra® technology captures a user’s hand movement intents and translates them into touchless digital commands.
• Customizable Gestures: Users can personalize Mudra® gestures for their favorite apps, giving them total control over their digital life. It enables the mapping of gestures to specific commands to create customized interactions.
• Compatible with Everything: Whether using iOS, Android, Windows, or macOS, Mudra® technology works across platforms, opening up new possibilities for gaming, smart home automation, and even professional tasks.

CES® attendees are invited to experience the bundled product in action and discuss its implications for the AR ecosystem with Wearable Devices and RayNeo™ executives.

About Wearable Devices Ltd.

Wearable Devices Ltd. is a pioneering growth company revolutionizing human-computer interaction through its AI-powered neural input technology for both consumer and business markets. Leveraging proprietary sensors, software, and advanced AI algorithms, the Company’s innovative products, including the Mudra® Band for iOS and Mudra® technology for Android, enable seamless, touch-free interaction by transforming subtle finger and wrist movements into intuitive controls. These groundbreaking solutions enhance gaming, and the rapidly expanding AR/VR/XR landscapes. The Company offers a dual-channel business model: direct-to-consumer sales and enterprise licensing. Its flagship Mudra® Band integrates functional and stylish design with cutting-edge AI to empower consumers, while its enterprise solutions provide businesses with the tools to deliver immersive and interactive experiences. By setting the input standard for the XR market, Wearable Devices is redefining user experiences and driving innovation in one of the fastest-growing tech sectors. Wearable Devices’ ordinary shares and warrants trade on the Nasdaq under the symbols “WLDS” and “WLDSW,” respectively.

About RayNeo

RayNeo™ is a leading brand in the AR space, dedicated to redefining augmented reality through groundbreaking technology and wearable innovation. Initially incubated within TCL, RayNeo™ develops AR glasses that seamlessly integrate into everyday life, delivering immersive and intuitive experiences. By combining cutting-edge design with advanced technologies, RayNeo™ empowers users to explore and interact with the digital world like never before. Committed to shaping the future of AR, RayNeo™ drives innovation through collaboration and a user-first approach.

Snapdragon branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Snapdragon is a trademark or registered trademark of Qualcomm Incorporated.

Forward-Looking Statements 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 plans to attend the 2025 CES, the benefits and advantages of the RayNeo™ X3 Pro glasses and Mudra® neural wristband and our collaboration with RayNeo, our ability to provide users with the next-level professional AR experience and the potential of neural gesture control to redefine how users interact with the digital world. Mudra®  technology’s ability to expand our market reach and reinforce our role as pioneers in redefining human-machine interaction. 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: 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, 2023, filed on March 15, 2024 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:Michal EfratyIR@wearabledevices.co.il

Media Contact:

Steve SchusterRainier Communicationssteve@rainierco.com+1-508-868-5892

Mudra® is a registered trademark of Wearable Devices Ltd.RayNeo™ is a trademark of Falcon Innovations Technology (Shenzhen) Co., Ltd. Qualcomm® and Snapdragon® are registered trademarks of Qualcomm® IncorporatedCES® is a registered trademark of the Consumer Technology Association