Wearable Devices Boldly Welcomes Meta’s Neural Control Entry to the AR/VR/XR Market

Yokneam Ilit, Israel, Sept. 26, 2024 (GLOBE NEWSWIRE) — 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

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Investor Relations Contact

Walter Frank
IMS Investor Relations
203.972.9200
wearabledevices@imsinvestorrelations.com

Media Contact:

Steve Schuster
Rainier Communications
steve@rainierco.com
+1-508-868-5892