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Garmin unveils the Forerunner 570 and Forerunner 970, its newest GPS running and triathlon smartwatches for performance-driven athletes
Prnewswire· 2025-05-15 13:30
Core Insights - Garmin has launched the Forerunner 570 and Forerunner 970, advanced GPS running and triathlon smartwatches designed to enhance athletic performance with new training tools and recovery insights [1][2][3] Product Features - The Forerunner 570 and 970 feature Garmin's brightest AMOLED displays, built-in speaker and microphone, and advanced training metrics [1][6] - Forerunner 970 includes a built-in LED flashlight and new performance metrics such as running tolerance, running economy, and step speed loss [1][6][14] - Battery life is significant, with Forerunner 570 offering up to 11 days and Forerunner 970 up to 15 days in smartwatch mode [1] Training and Health Insights - Both models provide personalized workouts and recovery metrics, helping athletes optimize their training [3][8] - Forerunner 570 includes advanced running metrics like VO2 max, training status, and daily suggested workouts based on performance and recovery [8][9] - Health tracking features include sleep score, Body Battery™ energy monitoring, and menstrual cycle tracking [9][10] Connectivity and Smart Features - The smartwatches allow for smart notifications, music downloads from platforms like Spotify, and Garmin Pay™ for contactless payments [10] - Garmin Connect™ app integration enables custom multisport workouts and access to Garmin Triathlon Coach training plans [7][10] Availability and Pricing - The Forerunner 570 is priced at $549.99 and the Forerunner 970 at $749.99, with availability starting May 21 [13]
Innovative Eyewear Inc. Reports Q1 2025 Unaudited Financial Results
Prnewswire· 2025-05-13 21:49
Core Insights - Innovative Eyewear Inc. reported a net revenue of $454,501 for Q1 2025, marking a 19% increase from $383,471 in Q1 2024, driven by growth in unit sales and successful product launches [2][4] - The gross profit margin improved significantly to 49% in Q1 2025 from just 2% in Q1 2024, attributed to lower costs of frames and prescription lenses [3] - The company experienced a net loss of $1,778,703 in Q1 2025, which is an improvement compared to a net loss of $1,971,311 in Q1 2024 [4] Revenue Growth - The increase in revenue was primarily due to the successful launches of the Nautica® Powered by Lucyd and Eddie Bauer® Powered by Lucyd collections, as well as the Lucyd Armor safety smart glasses line [2] - Continued investments in marketing and advertising initiatives contributed to the revenue growth, alongside rising public interest in smart glasses and wearable products [2] Cost Management - The gross profit margin increase was driven by lower frame costs and reduced prescription lens fulfillment costs, achieved through better economies of scale and management actions taken in the previous year [3] - The company engaged a new lower-cost lens supplier, which further contributed to the reduction in lens fulfillment costs [3] Operating Expenses - Total operating expenses for Q1 2025 were $2,124,324, reflecting an 11% increase from $2,021,542 in Q1 2024, although expenses remained relatively consistent between these periods [4] Product Development and Market Position - The company launched the Reebok® Powered by Lucyd sport smart sunglasses collection in April 2025, featuring advanced audio technology tailored for outdoor activities [6] - The success of the Lucyd Armor product line indicates a strong market potential for smart eyewear tailored to specific user niches [6] - The company has expanded its sales team to support the growth of its product lines, indicating a strategic focus on enhancing market presence [6][7]
Wearable Devices Receives U.S. Patent Notice of Allowance for Hybrid Voice and Gesture Control Innovation
Globenewswire· 2025-05-13 12:30
Core Insights - Wearable Devices Ltd. has received approval for a patent titled "Gesture and Voice-Controlled Interface Device," enhancing its intellectual property portfolio and global protection for its innovations in wearable bio-potential sensors [1][2][4] Group 1: Patent and Technology Advancements - The newly allowed patent integrates gesture recognition with voice control, enabling personalized features and combining neural and voice-based user authentication for improved human-machine interaction [2][4] - The patented technology allows hands-free interaction across various applications, such as navigating maps and controlling smart home devices using natural gestures and voice commands [3][4] Group 2: Market Applications and User Experience - In smart home environments, users can control appliances through voice commands and fine-tune settings with gestures, while in clinical settings, medical professionals can interact with digital interfaces without compromising sterility [3][4] - The integration of voice and gesture-based interaction addresses the limitations of traditional voice control, enhancing precision, personalization, and security in user experiences [4] Group 3: Company Overview - Wearable Devices Ltd. specializes in AI-powered neural input technology for consumer and business markets, offering products like the Mudra Band and Mudra Link that facilitate touch-free interaction [5] - The company operates a dual-channel business model, focusing on direct-to-consumer sales and enterprise licensing, aiming to redefine user experiences in the rapidly growing XR market [5]
Wearable Devices Ltd. Announces a Warrant Inducement Transaction for $1.2 Million in Gross Proceeds
Globenewswire· 2025-04-29 14:55
Core Viewpoint - Wearable Devices Ltd. has announced a warrant inducement transaction that will generate approximately $1.2 million in gross proceeds through the immediate exercise of existing warrants, aimed at enhancing working capital and supporting general corporate purposes [1][2]. Group 1: Warrant Inducement Transaction - The company has entered into a warrant inducement agreement with an institutional investor for the immediate exercise of existing warrants to purchase up to 625,000 ordinary shares (January Warrants) and 205,500 ordinary shares (November Warrants) at a reduced exercise price of $1.45 per share [1]. - The total gross cash proceeds from this transaction are expected to be around $1.2 million, before deducting fees and expenses [1]. - The closing of this transaction is anticipated to occur on or about April 30, 2025, subject to customary closing conditions [2]. Group 2: New Warrants and Private Placement - In exchange for the immediate exercise of the existing warrants, the investor will receive new unregistered warrants to purchase up to 1,661,000 ordinary shares at the same exercise price of $1.45 per share, which will be exercisable upon issuance and will expire five years later [2]. - The private placement of the new warrants will be conducted under an exemption from registration, meaning these securities cannot be offered or sold in the U.S. without an effective registration statement or applicable exemption [3]. Group 3: Company Overview - Wearable Devices Ltd. is a pioneering company focused on revolutionizing human-computer interaction through AI-powered neural input technology, targeting both consumer and business markets [5]. - The company’s flagship products, such as the Mudra Band and Mudra Link, enable touch-free interaction by converting subtle movements into intuitive controls, enhancing experiences in gaming and the expanding AR/VR/XR sectors [5]. - Wearable Devices operates a dual-channel business model, including direct-to-consumer sales and enterprise licensing, positioning itself as a leader in the rapidly growing tech sector [5].
Wearable Devices Unveils Revolutionary Gesture Mapper for Mudra Link, Ushering in a New Era of Personalized Neural Control
Globenewswire· 2025-04-24 11:55
Core Insights - Wearable Devices Ltd. has announced a significant update to its Mudra Link product, transforming it into a personalized neural wristband controller that enhances user interaction with digital devices [1][5] - The new Mudra Link Gesture Mapper feature allows users to assign specific gestures to input commands, facilitating touchless control across various devices and operating systems [3][4] Product Features - The Mudra Link Gesture Mapper provides functionalities similar to a computer mouse and directional pad, allowing users to customize gestures for various commands, such as mouse clicks and keyboard inputs [4] - This feature aims to replace or augment traditional input methods, promoting more efficient and accessible control across a wide range of applications [4] Company Overview - Wearable Devices Ltd. specializes in AI-powered touchless sensing wearables, focusing on human-computer interaction through innovative technology [6][7] - The company operates a dual-channel model, engaging in direct-to-consumer sales and enterprise collaborations, targeting sectors like gaming, productivity, and extended reality (XR) [8] Market Position - By setting standards for neural input in the XR ecosystem, Wearable Devices is positioned to influence the future of user experiences in rapidly growing technology markets [9]
Wearable Devices Secures U.S. Patent for Combined Voice and Gesture Control
Globenewswire· 2025-04-23 12:15
Core Insights - Wearable Devices Ltd. has received approval for a new patent titled "Gesture and Voice-Controlled Interface Device," enhancing its intellectual property portfolio and protecting its innovations in wearable bio-potential sensors [1][2] - The patented technology integrates gesture recognition with voice control, allowing for personalized user experiences and secure interactions through neural and voice-based authentication [2][4] Group 1: Patent and Technology - The newly allowed patent enables hands-free interaction across various applications, such as navigating maps and controlling smart home devices using gestures and voice commands [3][4] - In multi-user environments, the technology can recognize individual users through unique gesture and voice signatures, providing tailored experiences [3] Group 2: Company Overview - Wearable Devices Ltd. specializes in AI-powered touchless sensing wearables, with products like the Mudra Band and Mudra Link that facilitate intuitive controls through subtle movements [5] - The company operates a dual-channel business model, focusing on direct-to-consumer sales and enterprise licensing, aiming to redefine user experiences in the rapidly growing XR market [5]
Vuzix Receives $500K Smart Glasses Reorder from Augmex to Support Increasing Customer Deployments
Prnewswire· 2025-04-01 17:00
Core Insights - Vuzix Corporation has received a $500K reorder for its smart glasses from Augmex, following an initial low six-figure order in December 2024, indicating strong demand for its products in the European market [1][2] - Augmex plans to bundle Vuzix smart glasses with its software solutions across various industry verticals, particularly targeting warehouse and logistics, installation and service, and healthcare sectors [2][3] - The partnership with Augmex is expected to significantly increase the demand for Vuzix smart glasses, with projections of growth by an order of magnitude over the next several years [2] Company Overview - Vuzix is a leading designer and manufacturer of AI-powered smart glasses and AR technologies, holding over 425 patents and numerous IP licenses in optics and augmented reality [4] - The company has received multiple awards for innovation, including recognition at the Consumer Electronics Show from 2005 to 2024 [4] - Vuzix operates in various markets, including enterprise, medical, defense, and consumer sectors, providing portable high-quality viewing experiences and wearable computing devices [4] Augmex Overview - Augmex is recognized for its one-stop-shop solutions aimed at enhancing productivity with smart glasses, focusing on user-friendly software that facilitates seamless integration into operations [3] - The company specializes in developing smart glass solutions tailored for diverse industries, particularly in optimizing operations in warehouses and remote locations [3] - Augmex's solutions are designed to improve efficiency in warehouse performance and provide remote support through smart glasses, utilizing AI and AR technologies [5]
Meet vívoactive 6, the latest health and fitness smartwatch from Garmin
Prnewswire· 2025-04-01 11:01
Core Viewpoint - Garmin has launched the vívoactive® 6 smartwatch, featuring an enhanced AMOLED display and a battery life of up to 11 days, aimed at improving users' health and fitness tracking capabilities [1][2]. Product Features - The vívoactive 6 includes a variety of health and fitness features such as Body Battery™ energy monitoring, sleep coaching, and over 80 preloaded sports apps [1][5]. - It offers a smart wake alarm that gently wakes users during lighter sleep stages, along with a morning report summarizing sleep quality and recovery insights [3]. - Users can track various health metrics including heart rate variability (HRV), stress levels, and blood oxygen saturation (Pulse Ox) [6]. Fitness and Activity Tracking - The smartwatch supports a wide range of activities, including walking, running, cycling, and swimming, and provides personalized workout suggestions [5]. - It features advanced running dynamics tracking, including cadence and stride length, and offers PacePro™ for race day pacing guidance [6]. - For wheelchair users, the device includes specific tracking features such as daily pushes and weight shift alerts [5]. Connectivity and Safety - The vívoactive 6 allows users to receive notifications from their smartphones and includes safety features that can send location information to emergency contacts [8]. - It supports Garmin Pay™ for contactless payments and allows users to download music for offline listening [8]. Design and Availability - The smartwatch is designed with a lightweight aluminum bezel and silicone band, available in multiple color options [9]. - It is set to be available for order on April 4th, 2025, with a suggested retail price of $299.99 [9].
Wearable Devices to Expand AI-Powered Bio-Signal Intelligence with LMM for Health Monitoring Potential Uses
Globenewswire· 2025-03-24 12:45
Core Insights - Wearable Devices Ltd. is expanding its Large Motor Unit Action Potential Model (LMM) into new markets such as predictive health monitoring and cognitive state analytics, providing real-time physiological insights for health and wellness monitoring [1][2][4] - The LMM technology is designed to continuously learn and adapt, transforming muscle activity signals into actionable insights, which will support the company's entry into health monitoring [3][5] - The company aims to commercialize LMM and establish strategic partnerships in the health sector, reinforcing its position in bio-signal intelligence and neural interface technology [4][5] Technology and Applications - LMM represents a shift from passive monitoring to proactive intelligence, allowing for continuous learning and adaptation of muscle activity signals [3] - The technology is being evaluated for real-world applications, including predictive health monitoring, cognitive state analytics, and performance optimization in various domains [3][6] - Potential applications include detecting early signs of health conditions, monitoring cognitive states like focus and fatigue, and developing custom applications for healthcare and sports [6] Business Model and Market Position - Wearable Devices operates a dual-channel business model, offering both direct-to-consumer sales and enterprise licensing, with products like the Mudra Band and Mudra Link [7] - The company is focused on redefining user experiences in the XR market and driving innovation in the rapidly growing tech sector [7] - By leveraging its AI-powered bio-signal data platform, the company aims to provide businesses with tools to enhance safety, performance, and productivity [6][7]
Wearable Devices Expands to Next-Gen Neural Interaction for Everyday Life After Securing Patent in the United States
Globenewswire· 2025-03-17 11:45
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]