Wearable Devices Boldly Welcomes Meta’s Neural Control Entry to the AR/VR/XR Market
26 Septembre 2024 - 2:45PM
Wearable Devices Ltd. (the “Company” or “Wearable Devices”)
(Nasdaq: WLDS, WLDSW), an award-winning pioneer in AI-based gesture
control technology, today applauded Meta’s entrance into the
gesture control space with its announcement at Meta Connect 2024.
“Welcome, Meta. Seriously,” declared Wearable Devices’ Chief
Executive Officer Asher Dahan. “Competition only fosters
innovation, and we are encouraged to see Meta’s nascent commitment
to the neural interface sector which we at Wearable Devices have
been advancing and perfecting for over a decade.”
With its award-winning Mudra Band and Mudra Link neural gesture
control devices, both of which empower users with hands-free
digital navigation, Wearable Devices long ago redefined the way
people interact with technology. The Company has repeatedly
demonstrated the transformative nature of neural interface
technology, enabling users to control digital environments using
their thoughts and intentions, opening new doors for hands-free
interaction with devices and digital experiences.
“Meta’s new move into this field validates the immense potential
and growing importance of neural control,” added Mr. Dahan.
“Clearly, we at Wearable Devices have been onto something big all
along as the trailblazers in neural wearables, and we look forward
to continuing to push boundaries alongside other key players in the
space.”
In the past year, the Mudra Band has enhanced the experience of
thousands of users, showcasing its proven value. While Meta
presented its neural wristband as a 'Purposeful Product Prototype'
for smart glasses, we offer a versatile solution that controls
computers, applications, and smart glasses.
Wearable Devices has long been at the forefront of gesture
control innovation, having won the prestigious ‘Best of CES
Innovation Award’ in 2021 for its Mudra Band, the first neural
interface wristband.
For more information, visit www.wearabledevices.co.il.
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 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
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“should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,”
“anticipate” or other comparable terms. For example, we are using
forward-looking statements when we discuss the benefits and
advantages of the Company’s devices and technology . All statements
other than statements of historical facts included in this press
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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,
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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
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cause our actual results and financial condition to differ
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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 ContactWalter FrankIMS
Investor
Relations203.972.9200wearabledevices@imsinvestorrelations.com
Media Contact:
Steve SchusterRainier
Communicationssteve@rainierco.com+1-508-868-5892
Wearable Devices (NASDAQ:WLDSW)
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