YOKNE’AM ILLIT, Israel, March 19, 2025 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) (“Wearable Devices” or the “Company”), a technology growth company specializing in artificial intelligence (“AI")-powered touchless sensing wearables, today announced its financial results for the year ended December 31, 2024. Asher Dahan, Chief Executive Officer and Chairman of the Board of Directors of Wearable Devices, commented, “2024 was characterized by strategic capital allocation and the execution ...

Core Insights - Wearable Devices Ltd. has received a notice of allowance for its patent application titled "Gesture and Voice-Controlled Interface Device" from the United States Patent and Trademark Office, which protects its innovative neural measurement technology for various applications [1][5] Group 1: Patent and Technology - The patent covers the company's gesture-controlled interface that can measure real-world physical properties such as weight, torque, and force from the wrist [2] - The technology has multiple applications, particularly in enhancing the experience for individuals with severe disabilities, improving productivity in logistics and industrial settings, and increasing immersion in virtual environments [3] Group 2: Intellectual Property Strategy - The patent is part of the company's broader intellectual property strategy aimed at expanding its core IP globally, allowing for real-time adaptation to future market changes [4] Group 3: Company Overview - Wearable Devices Ltd. specializes in AI-powered touchless sensing wearables, transforming subtle movements into intuitive controls for consumer and business markets [6] - The company operates a dual-channel business model, offering direct-to-consumer sales and enterprise licensing, with products like the Mudra Band and Mudra Link enhancing user experiences in gaming and XR environments [6]

Core Viewpoint - Wearable Devices Ltd. announced a one-for-four reverse share split of its ordinary shares and tradable warrants, effective March 17, 2025, to enhance its stock price and marketability [1][2]. Group 1: Reverse Share Split Details - The reverse share split was approved by shareholders on February 26, 2025, and will adjust the number of issued and outstanding ordinary shares from approximately 3,939,911 to about 984,978, and warrants from 393,043 to 98,261 [2][3]. - The reverse share split will not change any shareholder's percentage ownership interest, except for minor adjustments related to fractional shares [3]. - No fractional ordinary shares or warrants will be issued; instead, they will be rounded to the nearest whole share or warrant [3]. Group 2: Company Overview - Wearable Devices Ltd. specializes in AI-powered touchless sensing wearables, focusing on enhancing human-computer interaction through innovative products like the Mudra Band and Mudra Link [5]. - The company operates a dual-channel business model, including direct-to-consumer sales and enterprise licensing, targeting both consumer and business markets [5]. - Wearable Devices aims to redefine user experiences in the rapidly growing AR/VR/XR sectors by leveraging proprietary sensors and advanced AI algorithms [5].

Core Insights - Wearable Devices Ltd. has been recognized for its Mudra Link wristband, which won the "Best Wearable Debut" award at MWC Barcelona 2025, highlighting its innovative position in the wearable technology market [1][3] - The Mudra Link is a groundbreaking wearable neural interface that allows users to control devices through gestures and subtle finger movements, potentially transforming human-computer interaction [2][3] Company Overview - Wearable Devices Ltd. specializes in AI-powered neural input technology aimed at enhancing human-computer interaction for both consumer and business markets [4][5] - The company offers products like the Mudra Band for iOS and Mudra Link for Android, which enable touch-free interaction by converting finger and wrist movements into intuitive controls [5] - Wearable Devices operates a dual-channel business model that includes direct-to-consumer sales and enterprise licensing, positioning itself as a leader in the rapidly growing XR market [5] Industry Recognition - The Mudra Link has received significant media attention, with various publications praising its potential to replace traditional input devices like the mouse and keyboard [3] - Industry experts have highlighted the product's capability to redefine how users interact with technology, indicating a strong market interest and potential for widespread adoption [2][3]

Core Insights - Wearable Devices Ltd. has been recognized for its Mudra Link wristband, which won the "Best Wearable Debut" award at MWC Barcelona 2025, highlighting its innovative position in the AI-based wearable gesture control technology market [1][3] - The Mudra Link is a groundbreaking wearable neural interface that allows users to control smartphones, computers, and AR devices through gestures, potentially redefining human-computer interaction [2][3] Company Overview - Wearable Devices Ltd. is focused on revolutionizing human-computer interaction through AI-powered neural input technology, targeting both consumer and business markets [4][5] - The company utilizes proprietary sensors, software, and advanced AI algorithms to enable touch-free interaction, enhancing user experiences in gaming and the expanding AR/VR/XR sectors [5] - Wearable Devices operates a dual-channel business model, offering direct-to-consumer sales and enterprise licensing, with its products including the Mudra Band for iOS and Mudra Link for Android [5]

Core Insights - Wearable Devices Ltd. is pioneering AI-based gesture control technology aimed at transforming human-device interactions, particularly in the XR, smartwatch, and AI-driven device markets [1][5][7] - The company is developing a neural wristband technology that detects user-specific micro-gestures, facilitating personalized controls tailored to individual users [2][5] - The technology aims to enhance usability and accessibility across various devices, driving adoption of neural-based interfaces in the expanding AI and XR sectors [6][7] Market Positioning - Wearable Devices is targeting high-growth markets such as augmented reality (AR), virtual reality (VR), smartwatches, and AI-driven wearables, where there is increasing demand for personalized input solutions [5][6] - The company has a decade of R&D experience and a growing patent portfolio, inviting collaboration with industry leaders to explore integration opportunities [6][7] Technological Advancements - The company is leveraging Large Motor Unit Action Potential (MUAP) Models to improve gesture classification, allowing for the recognition of micro-gestures and user-defined gestures [4][6] - The technology aims for cross-device integration, enabling personalized gestures to operate seamlessly across various platforms, including AR/VR headsets and smartwatches [6][7] Product Offerings - Wearable Devices' flagship products, such as the Mudra Band for iOS and Mudra Link for Android, utilize proprietary sensors and AI algorithms to enable touch-free interaction through subtle finger and wrist movements [7] - The company operates a dual-channel business model, focusing on direct-to-consumer sales and enterprise licensing, thereby enhancing user experiences in the rapidly expanding XR landscape [7]

Core Viewpoint - Wearable Devices Ltd. is showcasing its innovative Mudra Link, a neural gesture control wristband, at MWC 2025, emphasizing its applications in Extended Reality (XR) and smart glasses, marking a significant expansion beyond the Apple ecosystem [1][2][4]. Group 1: Product Launch and Features - The Mudra Link enables seamless interaction across Android, macOS, and Windows devices through simple gestures, enhancing user experience by allowing control of mobile devices and applications without physical touch [2][4]. - The product introduces capabilities for controlling Smart Glasses and XR applications, facilitating interaction with augmented and virtual reality environments using natural hand gestures [2][4]. Group 2: Development Programs - The Mudra Dev-Kit program is designed for enterprises to explore and develop proof of concepts, providing support, training, and resources to accelerate product development and market entry [3][4]. Group 3: Company Vision and Market Position - The company aims to redefine human-computer interaction through its AI-powered technology, targeting both consumer and enterprise markets, and establishing itself as a leader in the rapidly growing XR sector [5]. - The introduction of Mudra Link is seen as a pivotal moment for the company, allowing it to offer a universal neural control solution across multiple platforms, particularly in the emerging XR and Smart Glasses industry [4][5].

Core Insights - Wearable Devices Ltd. is showcasing its Mudra Link, the first neural gesture control wristband, at MWC 2025, emphasizing its applications in Extended Reality (XR) and smart glasses [1][2] - The Mudra Link allows users to interact with various operating systems (Android, macOS, Windows) using simple gestures, enhancing user experience in mobile devices and XR environments [2][4] - The company is also introducing the Mudra Dev-Kit program, designed for enterprises to explore and develop proof of concepts with the neural band technology [3] Company Overview - Wearable Devices Ltd. specializes in AI-powered neural input technology, enabling touch-free interaction through subtle finger and wrist movements [5] - The company operates a dual-channel business model, focusing on both direct-to-consumer sales and enterprise licensing [5] - The flagship product, Mudra Band, integrates advanced AI with stylish design, targeting the rapidly growing AR/VR/XR markets [5] Market Positioning - The introduction of Mudra Link marks a significant expansion beyond the Apple ecosystem, aiming to reach a broader consumer audience [2][4] - The focus on XR and smart glasses positions the company to capitalize on emerging trends in digital and virtual environments [4] - The company anticipates strong interest from consumers and industry partners, indicating potential for co-branded product launches [4]

Core Insights - Wearable Devices Ltd. is pioneering AI-based wearable gesture control technology aimed at transforming user interactions with digital devices through gesture personalization [1][2][6] - The company is developing an AI-powered neural wristband that detects user-specific micro-gestures, facilitating more natural and seamless interactions with technology [2][4] - Wearable Devices is focused on creating adaptive, user-specific models to enhance accessibility and engagement in AI-driven environments, particularly in extended reality (XR) and smart devices [4][5] Company Overview - Wearable Devices Ltd. specializes in AI-powered neural input technology for both consumer and business markets, with products like the Mudra Band and Mudra Link that enable touch-free interaction [7][9] - The company operates a dual-channel business model, offering direct-to-consumer sales and enterprise licensing, aiming to set input standards in the XR market [7][9] Technological Advancements - The company is leveraging Large MUAP Models (LMMs) to enhance personalized gesture experiences that adapt with continued use [3] - Key features of the technology include micro-gesture precision, context-aware interactions, and cross-device integration, allowing personalized gestures to operate seamlessly across various AI-powered devices [8]

Core Insights - Wearable Devices Ltd. has announced the development of Large MUAP Models (LMM), a technology aimed at revolutionizing human-computer interaction through personalized gesture control powered by neural data [1][3][4] - LMMs are designed to decode Motor Unit Action Potentials (MUAPs), enabling devices to understand and predict user intentions with high speed and precision, thus enhancing the intuitiveness of interactions [3][4] - The technology focuses on creating unique neural profiles for individual users, allowing for gestures that align with their natural movements, which could lead to a significant competitive advantage in the market [4][5] Company Overview - Wearable Devices Ltd. is a pioneer in AI-based wearable gesture control technology, with flagship products like the Mudra Band for Apple Watch and Mudra Link for universal device control already showcasing the potential of neural interfaces [5][8] - The company operates a dual-channel business model, offering both direct-to-consumer sales and enterprise licensing, aiming to redefine user experiences in the rapidly growing AR/VR/XR sectors [7][8] - Wearable Devices is actively seeking collaborations with leading companies to integrate LMMs into next-generation extended reality (XR) platforms, enhancing user interactions with digital environments [6][7]