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Wearable Devices and X-trodes Successfully Deliver Neural Interface System for Dynamic, Real-World Environments
Globenewswire· 2025-11-05 13:45
Core Insights - Wearable Devices Ltd. has successfully completed and delivered a neural interface system for advanced tactical systems, marking a significant achievement in collaboration with X-trodes [1][3] - The new system allows users to control tactical communication, navigation, and command systems through subtle neuromuscular activity and gestures, enhancing operational readiness [2][4] - This innovative system is designed for extreme environments and meets all operational and performance milestones, paving the way for future developments in human-machine interfaces [3][4] Company Overview - Wearable Devices Ltd. specializes in AI-powered touchless sensing wearables, focusing on human-computer interaction through advanced neural input technology [5][7] - The company's products, such as the Mudra Band and Mudra Link, enable intuitive control of digital devices using gestures, catering to both consumer and enterprise markets [5][6] - Operating through a dual-channel model, the company provides stylish wearables for consumers and advanced input solutions for enterprise partners in immersive environments [6][7] Collaboration with X-trodes - The partnership with X-trodes combines expertise in neural sensing and AI technologies, resulting in a high-performance neural control system [4][8] - X-trodes develops flexible, medical-grade neural and bio-sensing systems, enhancing human-machine interactions in various sectors, including defense and immersive environments [8]
Wearable Devices Announces Pricing of $3.3 Million Registered Direct Offering and Concurrent Private Placement Priced At-the-Market Under Nasdaq Rules
Globenewswire· 2025-10-30 12:52
Core Viewpoint - Wearable Devices Ltd. has entered into a securities purchase agreement for the sale of 1,230,000 ordinary shares at a price of $2.67 per share, expecting gross proceeds of approximately $3.3 million, which will be used for working capital and general corporate purposes [1][2]. Group 1: Offering Details - The offering is a registered direct offering priced at-the-market under Nasdaq rules, with the closing expected on or about October 31, 2025, subject to customary closing conditions [2]. - The company will also issue unregistered warrants to purchase up to 1,230,000 ordinary shares in a concurrent private placement, with an exercise price of $2.67 per share [1][4]. - Existing warrants issued to the investor in September 2025 will be amended to reduce the exercise price to $2.67 per share, subject to shareholder approval [5]. Group 2: Regulatory Compliance - The ordinary shares are being offered pursuant to a registration statement on Form F-3, which was declared effective by the SEC on October 18, 2023 [3]. - The private placement of the warrants and shares will be made in reliance on an exemption from registration under the Securities Act of 1933 [4]. Group 3: Company Overview - Wearable Devices Ltd. specializes in AI-powered touchless sensing wearables, with products like the Mudra Band and Mudra Link that enable intuitive control of digital devices using gestures [7][8]. - The company operates through a dual-channel model of direct-to-consumer sales and enterprise licensing, providing advanced input solutions for immersive environments [8][9].
Wearable Devices Secures Exclusive Distribution Agreement in South Korea for Its Neural Input Wristbands
Globenewswire· 2025-10-27 13:00
Core Insights - Wearable Devices Ltd. has entered into an exclusive distribution agreement with Sky Commerce Co., Ltd. to expand its presence in the South Korean market [1][4] - The agreement allows Sky Commerce to promote and sell the Mudra Band and Mudra Link products, contingent on meeting annual purchase targets [2] - This partnership aims to leverage local expertise to enhance the adoption of Wearable Devices' neural interface technology among consumers and enterprises [3] Company Overview - Wearable Devices specializes in AI-powered touchless sensing wearables, particularly the Mudra Band and Mudra Link, which enable intuitive control of digital devices through gestures [5][6] - The company operates a dual-channel model, focusing on both direct-to-consumer sales and enterprise collaborations, enhancing user experiences in various sectors including gaming and XR [6] - Wearable Devices is positioned to set the standard for neural input technology in the XR ecosystem, contributing to the growth of seamless user experiences in rapidly expanding tech markets [7]
Wearable Devices Granted U.S. Patent for Realistic Gesture-Controlled Virtual Object Modulation
Globenewswire· 2025-10-15 13:00
Core Insights - Wearable Devices Ltd. has announced a new patent for a "Gesture and Voice-controlled Interface Device" that enhances user interaction by integrating simulated physical characteristics into gesture control, bridging the gap between digital actions and physical sensations [1][3][4] Company Overview - Wearable Devices Ltd. specializes in AI-powered touchless sensing wearables, focusing on human-computer interaction through proprietary sensors and advanced AI algorithms [4][6] - The company's flagship products, the Mudra Band and Mudra Link, enable intuitive, touch-free control of digital devices using gestures across various operating systems [4][5] Technological Innovation - The newly patented technology allows users' gestures to not only trigger actions but also simulate physical properties like weight and texture, enhancing the realism of virtual interactions [2][3] - This innovation aims to significantly improve user experience in virtual reality (VR) and augmented reality (AR) by providing a higher level of tactile realism when manipulating virtual objects [3][5] Market Positioning - Operating through a dual-channel model of direct-to-consumer sales and enterprise licensing, the company targets both individual consumers and business partners, offering advanced input solutions for immersive environments [5][6] - By setting standards for neural input in the XR ecosystem, Wearable Devices is positioned to shape the future of user experiences in rapidly growing tech markets [6]
Wearable Devices Ltd. (NASDAQ: WLDS) Emerging as Leader in Bringing AI-Powered Wearables to Market
Globenewswire· 2025-09-18 12:30
Core Insights - Wearable Devices Ltd. is positioned as a leader in the rapidly growing market for AI-enabled, touch-free wearables, responding to user demand for more intuitive device interaction [2][3][4] - The company's flagship products, the Mudra Band and Mudra Link, utilize proprietary neural input technology to enable gesture-based control across various platforms [3][4] - The market for neural interfaces is expanding as sectors like extended reality (ER) and augmented reality (AR) increasingly adopt gesture-based systems, indicating a shift in human-technology interaction [2][5] Company Overview - Wearable Devices Ltd. specializes in human-computer interaction through AI-powered neural input technology, offering products that allow touch-free control of digital devices [4][5] - The company operates a dual-channel model, focusing on direct-to-consumer sales and enterprise collaborations, enhancing user experiences in gaming, productivity, and extended reality [5] - The Mudra Band serves as an accessory for Apple Watch, while the Mudra Link provides cross-platform interaction, showcasing the company's commitment to seamless user experiences [3][4]
Wearable Devices Ltd. (NASDAQ: WLDS) Positioned at Forefront of Wearable Sector Transformation
Globenewswire· 2025-09-16 12:30
Company Overview - Wearable Devices Ltd. is a growth company specializing in AI-powered, touchless sensing wearables, focusing on human-computer interaction through proprietary sensors, software, and advanced AI algorithms [4][5] - The company has introduced two flagship products: the Mudra Band, designed for the Apple Watch, and the Mudra Link, a versatile platform for gesture-based input across ecosystems [3][4] Industry Trends - There is a growing global demand for AI-driven, touchless wearable technologies as consumers seek more natural and intuitive ways to interact with devices, moving away from traditional touch screens and voice assistants [2] - The market for neural interfaces is rapidly expanding as various industries, including consumer electronics and augmented reality, adopt gesture-based control solutions [2] Product and Market Positioning - Wearable Devices Ltd. is positioned at the forefront of the transformation in wearable technology, defining the neural input category for wrist-worn devices and brain-computer interfaces [4] - The company operates through a dual-channel model, offering direct-to-consumer sales and enterprise licensing, enhancing user experiences in gaming, productivity, and extended reality (XR) [5]
Wearable Devices Stock Explodes As Financing Round And Gesture Control Patent Fuel Hype
Yahoo Finance· 2025-09-11 14:50
Core Insights - Wearable Devices Ltd. (NASDAQ:WLDS) experienced a significant stock surge following the announcement of a $4 million financing agreement, a newly granted U.S. patent, and improved first-half financial results [1][3][4] Financing and Stock Performance - The company entered a direct offering with a single institutional investor for 1 million ordinary shares priced at $4 each, with proceeds aimed at working capital and corporate needs [1] - Additionally, unregistered warrants for another 1 million shares were issued, also priced at $4, and are exercisable for five years [2] - Following these announcements, WLDS shares rose by 64.67% to $8.530 [6] Patent and Product Development - A U.S. patent was granted for the company's Gesture and Voice Controlled Interface Device, which integrates hand gestures, voice commands, and biometric verification [3] - This patent is expected to enhance the company's product offerings and contributed to an after-hours stock rally, with shares increasing over 18% to $6.12 [3] Financial Performance - Revenue for the first half of 2025 reached $294,000, marking the company's first commercial sales milestone, driven by the Mudra Link neural wristband and consistent sales of the Mudra Band for Apple Watch [4] - The net loss narrowed to $3.7 million from $4.2 million a year earlier, attributed to reduced research and administrative expenses [4] Strategic Partnerships and Market Positioning - The company is pursuing defense-related projects involving touchless neural control systems and has formed a distribution partnership with Japan's Media Exceed Co. to access the Asian market [5] - These strategic moves are aimed at strengthening the company's patent portfolio and long-term commercialization strategy [5]
This Penny Stock Is Soaring on a Wearables Patent Win. Should You Buy Its Shares Now?
Yahoo Finance· 2025-09-11 14:36
Core Insights - Wearable Devices (WLDS) shares surged over 300% after securing a new U.S. patent for an AI-enabled "gesture and voice-controlled interface device" [1] - The patent enhances the company's innovation strategy and strengthens its intellectual property position in the neural interface market [3] - The device aims to provide a more intuitive and secure user experience, targeting sectors like XR, smartphones, and laptops [3] Financial Performance - For the first half of 2025, Wearable Devices reported revenue of $294,000 and net losses of $3.7 million [6] - The company is still in the early stages of commercializing its Mudra product line, which shows potential but has not yet achieved significant market traction [6] Market Position and Potential - The new patent could lead to licensing deals, enterprise partnerships, and interest from original equipment manufacturers (OEMs) [4] - The patent complements existing products like the Mudra Band and Mudra Link, reinforcing the company's leadership in touchless control technology [4] - The stock's recent performance may be driven more by market hype than by solid fundamentals, raising concerns about its sustainability without consistent revenue growth [7]
Wearable Devices Announces Pricing of $4 Million Registered Direct Offering and Concurrent Private Placement Priced At-the-Market Under Nasdaq Rules
Globenewswire· 2025-09-11 12:00
Core Points - Wearable Devices Ltd. has entered into a securities purchase agreement with an institutional investor to sell 1,000,000 ordinary shares at a price of $4.00 per share, expecting gross proceeds of approximately $4 million [1][2] - In addition to the share offering, the company will issue unregistered warrants to purchase up to 1,000,000 ordinary shares at the same exercise price of $4.00, which will be exercisable immediately and expire five years after the initial exercise date [1][4] - The net proceeds from the offering will be used for working capital and general corporate purposes [2] Company Overview - Wearable Devices Ltd. specializes in AI-powered touchless sensing wearables, focusing on human-computer interaction through its proprietary technology [6][8] - The company's products, including the Mudra Band and Mudra Link, enable touch-free control of digital devices using gestures, targeting both consumer and enterprise markets [6][7] - The company operates through a dual-channel model, offering direct-to-consumer sales and enterprise licensing, enhancing user experiences in gaming, productivity, and extended reality (XR) environments [7][8]
Wearable Devices Surges 18% After Hours Following 978% Intraday Spike As Patent Win, Mudra Sales And Military Projects Spark Frenzy - Wearable Devices (NASDAQ:WLDS)
Benzinga· 2025-09-11 06:42
Core Insights - Wearable Devices Ltd. experienced a significant surge in stock price, with shares rising 18.15% to $6.12 during after-hours trading [1] - The company secured a U.S. patent for its innovative "Gesture and Voice Controlled Interface Device," enhancing user interaction through voice commands, gesture recognition, and biometric authentication [2] - The company reported $294,000 in sales for the first half of 2025, marking its entry into the market with the AI-powered Mudra Link wristband [3] - CEO Asher Dahan highlighted strong revenue growth across products and the company's expansion into the global wearable technology market [4] - Wearable Devices is pursuing military projects focused on touchless neural control systems and plans to expand in Japan through a partnership with Media Exceed Co. [5] - The company reduced its net loss to $3.7 million, or $2.30 per share, down from $4.2 million, or $16.52 per share, in the same period last year [6] - WLDS shares saw a dramatic increase of nearly 978% from a prior close of $1.01 to an intraday high of $10.89, with significant price fluctuations during the trading session [7]