Mudra Link from Wearable Devices Awarded CES 2025 Innovation Award, Honored in XR Technologies & Accessories

Yokneam Illit, Israel, Nov. 15, 2024 (GLOBE NEWSWIRE) — Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), an award-winning pioneer in artificial intelligence (“AI”)-based wearable gesture control technology, announced that its latest Mudra Link, neural interface wristband, has been recognized by the Consumer Technology Association as a CES® 2025 Innovation Awards Honoree. This award, in the XR Technologies & Accessories category, underscores Mudra Link’s breakthrough design and pioneering capabilities that bring hands-free digital control to Android, iOS, and more.

Wearable Devices, celebrated for its Mudra Band, which won the prestigious “Best of CES® Innovation Award” in the Best Wearable category in 2021, continues to set industry standards with Mudra Link. As the world’s first neural interface wristband for Android, Mudra Link enables intuitive device interaction through neural signals captured from subtle finger and wrist movements, unlocking a new level of accessibility and interaction in digital environments.

“Our inclusion as a CES® 2025 Innovation Awards Honoree affirms the market’s need for neural control wearables like Mudra Link and Mudra Band,” said Asher Dahan, Chief Executive Officer of Wearable Devices. “Our focus continues to be on elevating the user experience across multiple platforms, not only by refining gesture-based control but by ensuring these solutions are practical and seamless.”

As neural gesture technology becomes increasingly central to augmented reality (AR), extended reality (XR), and virtual reality experiences, independent research and user insights affirm that neural gesture control wearables can complement devices like Meta’s Orion AR glasses by extending control beyond line-of-sight and field-of-view limitations. Wearable Devices has consistently demonstrated its expertise in this sector, with the Mudra Band and now the Mudra Link is setting new standards for interaction, comfort, and cross-platform compatibility.

Mr. Dahan added, “Mudra Link’s selection as a CES® 2025 Innovation Award Honoree validates the innovation driving Wearable Devices’ offerings, enhancing the usability of AR and XR devices and paving the way for expanded, intuitive interaction across digital spaces.”

For more information on Mudra Link and other award-winning Wearable Devices products, please visit https://mudra-band.com/pages/mudra-link-main.

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 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 the benefits and advantages of our devices and technology, and that our devices are setting new standards for interaction, comfort, and cross-platform compatibility. 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 Efraty
IR@wearabledevices.co.il

Media Contact:

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