Wearable Devices to Join OpenXR Face-to-Face Event
05 Septembre 2024 - 10:15PM
Wearable Devices Ltd. (the “Company” or “Wearable Devices”)
(Nasdaq: WLDS, WLDSW), a technology growth company specializing in
artificial intelligence (“AI")-powered touchless sensing wearables,
today announced that Guy Wagner, President and Chief Scientific
Officer of Wearable Devices, will showcase the Mudra Band at the
OpenXR Live (“OpenXR”) meetup in Seattle, Washington, USA on
September 12, 2024. The meetup was organized by the Khronos® Group.
As a newly inducted member with voting privileges in the OpenXR™
Working Group, Wearable Devices is set to champion the evolution of
the augmented reality/virtual reality (“AR/VR”) industry.
OpenXR, spearheaded by the Khronos Group, is a groundbreaking
effort aimed at simplifying AR/VR software development by creating
a unified standard that connects various hardware platforms. This
innovative framework allows developers to build extended reality
(XR) applications without the need to port or rewrite them for
different devices. By embracing OpenXR, vendors gain access to a
vast ecosystem of XR applications, unlocking new possibilities
across the industry.
As a member of the OpenXR™ Working Group, Wearable Devices has
joined the ranks of tech leaders such as Meta, Google, and
Microsoft, all of whom are dedicated advocates of the OpenXR
initiative. Wearable Devices brings its expertise in AI-driven
touchless sensing technology to this esteemed group, pushing the
boundaries of user interaction in AR/VR environments. Their
cutting-edge advancements are set to enhance the OpenXR ecosystem,
seamlessly merging the physical and virtual worlds to create an
even more immersive experience.
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, 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
symbol “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 that we are
set to champion the evolution of the AR/VR industry and the
benefits and advantages of OpenXR. 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, 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
Walter FrankIMS Investor
Relations203.972.9200wearabledevices@imsinvestorrelations.com
Wearable Devices (NASDAQ:WLDSW)
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