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Wearable Devices Ltd. Announces a Warrant Inducement Transaction for $2.4 Million in Gross Proceeds
Globenewswire· 2025-08-06 19:43
Core Viewpoint - Wearable Devices Ltd. has entered into a warrant inducement agreement with an institutional investor for the immediate exercise of existing warrants, raising approximately $2.4 million for working capital and corporate purposes [1][2]. Group 1: Warrant Inducement Agreement - The company will allow the immediate exercise of existing warrants to purchase up to 1,661,000 ordinary shares at an exercise price of $1.45 per share, resulting in gross cash proceeds of about $2.4 million [1]. - In exchange for the immediate exercise, the investor will receive new unregistered warrants to purchase up to 3,322,000 ordinary shares at an exercise price of $1.71 per share, which will be exercisable after shareholder approval [2]. Group 2: Securities Regulation - The private placement of the new warrants will rely on an exemption from registration under Section 4(a)(2) of the Securities Act of 1933 and Regulation D, meaning the 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 growth company specializing in AI-powered neural input technology, with products like the Mudra Band and Mudra Link enabling touch-free control of digital devices through gestures [5][6]. - The company operates through a dual-channel model, focusing on direct-to-consumer sales and enterprise collaborations, enhancing user experiences in gaming, productivity, and extended reality [6][7].
Wearable Devices Awarded Continuation Patent Covering Neural Gesture Interface Advancements
GlobeNewswire News Room· 2025-08-04 13:00
Core Viewpoint - Wearable Devices Ltd. has been granted a continuation patent that enhances its gesture recognition technology, allowing for more intuitive and touchless control in various digital ecosystems, including AR and smart devices [1][4][5]. Group 1: Patent and Technology - The newly granted patent expands the protection around the company's neural interface technologies, reinforcing its leadership in user interactions [1][4]. - The patent introduces a method to accurately extract start and end points from continuous gestures, enabling seamless control gestures without physical contact or voice triggers [3][4]. - This innovation aims to improve user experience by eliminating the need for clunky workarounds often found in traditional gesture-based systems [2][3]. Group 2: Company Vision and Market Position - The continuation patent supports the company's vision of creating a world where natural human intent seamlessly integrates with digital systems, enhancing user experiences [5]. - Wearable Devices is positioned as a pioneering growth company in human-computer interaction, leveraging AI-powered neural input technology for both consumer and business markets [6]. - The company offers products like the Mudra Band and Mudra Link, which enable touch-free interaction and are designed for the expanding AR/VR/XR markets [6].
Wearable Devices Partners with Japanese E-Commerce Platform to Expand Distribution and Market Reach for Mudra Band and Mudra Link
Globenewswire· 2025-07-08 12:30
Core Viewpoint - Wearable Devices Ltd. has announced a collaboration with Media Exceed Co., Ltd. to expand the availability of its AI-powered touchless sensing wearables in the Japanese market, specifically the Mudra Band and Mudra Link products [1][2][3] Group 1: Collaboration Details - Media Exceed will act as a non-exclusive reseller for Wearable Devices' products, utilizing its e-commerce platform to enhance product availability in Japan [1][2] - The collaboration will support both drop shipping and wholesale models, ensuring efficient order fulfillment and localized customer support [2][4] Group 2: Product Information - The Mudra Band is designed for Apple Watch users, while the Mudra Link is compatible with Android and Windows devices, both utilizing proprietary Surface Nerve Conductance sensors to detect neural signals from finger movements [3][5] - These products enable touchless control of digital devices through intuitive commands derived from subtle gestures [3][5] Group 3: Strategic Goals - The collaboration aligns with the strategic goal of Wearable Devices to expand its global footprint and enhance product accessibility for users worldwide [3][6] - Media Exceed's CEO expressed enthusiasm for introducing Wearable Devices' innovative technology to the Japanese market, aligning with their vision of enhancing digital interactions [3][4] Group 4: Market Positioning - Wearable Devices is positioned as a pioneer in human-computer interaction through its AI-powered neural input technology, defining the neural input category for both wrist-worn devices and brain-computer interfaces [5][6] - The company operates through a dual-channel model, focusing on direct-to-consumer sales and enterprise collaborations, catering to both individual consumers and business partners [6][7]
Wearable Devices to Showcase Mudra Link, Its Established AI-Based Neural Wristband for Smart Glasses, at XR Fair Tokyo 2025
Globenewswire· 2025-07-01 12:45
Company Overview - Wearable Devices Ltd. is a technology growth company specializing in AI-powered touchless sensing wearable devices [6] - The company offers products for both consumer and business markets, including the Mudra Link and Mudra Band for B2C consumers, and the Mudra Development Kit for B2B enterprises [4][6] - The flagship product, Mudra Link, is a neural input wristband that enables hands-free, gesture-based control of digital devices using neural signals [3][6] Product Highlights - Mudra Link began shipping earlier this year and is compatible with multiple platforms including Android, iOS, Windows, and macOS, as well as leading AR glasses [3] - The product has received a CES 2025 Innovation Award and has been praised for its intuitive interface and low-latency performance [3] - The Mudra Band integrates stylish design with advanced AI to empower consumers, while the enterprise solutions provide tools for immersive experiences [6] Industry Context - XR Fair Tokyo is a leading B2B exhibition focused on virtual reality, augmented reality, mixed reality, and the broader metaverse ecosystem [2] - The event serves as a platform for companies to showcase innovations across various industries, including entertainment, manufacturing, and education [2] - The growing adoption of gesture-based controls in smart glasses and face-worn devices is highlighted as a trend in the industry [5] Upcoming Events - Wearable Devices will exhibit at the Fifth XR Fair Tokyo from July 2 to July 4, 2025, at the Tokyo Big Sight convention center [1] - The company aims to showcase how Mudra enables seamless, hands-free interaction across AR use cases during this event [5]
Wearable Devices Receives U.S. Patent for Innovative Gesture Control, Enabling Precision Interaction with Digital Devices
Globenewswire· 2025-05-30 12:45
Core Insights - Wearable Devices Ltd. has received a continuation of its patent for a "Gesture and Voice-Controlled Interface Device," enhancing its position in the market for intuitive human-device interactions [1] - The newly allowed patent allows for the extraction of precise start and end points from continuous gestures, enabling natural control gestures like pinch-to-zoom for various applications [3] - The technology is particularly suited for augmented reality headsets and gesture-controlled smart devices, making mid-air fine control more accessible [4] Company Overview - Wearable Devices Ltd. specializes in AI-powered touchless sensing wearables, with products like the Mudra Band and Mudra Link that facilitate intuitive control of digital devices through gestures [5] - The company operates through a dual-channel model, focusing on direct-to-consumer sales and enterprise licensing, enhancing user experiences in gaming, productivity, and extended reality [6] - By setting standards for neural input in the XR ecosystem, the company is influencing the future of user experiences in rapidly growing tech markets [7]
Wearable Devices Secures U.S. Patent for Continuous Gesture Control, Enabling Fine-Tuned Interaction with Digital Devices
Globenewswire· 2025-05-22 12:32
Core Viewpoint - Wearable Devices Ltd. has received approval for a patent that enhances its neural gesture technology, enabling intuitive touchless control for various applications such as pinch-to-zoom and volume adjustment in mid-air [1][3]. Group 1: Patent and Technology - The newly allowed patent is titled "Gesture and Voice-Controlled Interface Device" and focuses on extracting precise start and end points from continuous gestures, which improves user interaction with devices [1][3]. - This technology addresses limitations of traditional gesture sensing systems that struggle to identify user intentions clearly, often leading to unintuitive solutions [2][3]. - The advancements in this patent make it suitable for augmented reality (AR) headsets and gesture-controlled smart devices, allowing for natural mid-air control [4][5]. 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 control of digital devices through gestures [6][8]. - The company operates through a dual-channel model, focusing on direct-to-consumer sales and enterprise licensing, enhancing user experiences in gaming, productivity, and extended reality (XR) [7][8]. - By setting standards for neural input in the XR ecosystem, the company aims to shape the future of user experiences in rapidly growing tech markets [8].
Wearable Devices Ltd. Releases New Mudra Link Update with Gesture-Based Media Control
Globenewswire· 2025-05-20 12:15
Core Insights - Wearable Devices Ltd. has released a significant update for its Mudra Link product, enhancing user experience with gesture-based media control and improved stability [1][6] - The new Media Control feature allows users to manage playback functions through natural hand gestures, eliminating the need for physical buttons [2][3] - The update builds on the previously introduced Gesture Mapper feature, which enables users to customize hand gestures for various digital actions [4][5] Product Features - The Mudra Link update includes gesture-based media control, allowing users to assign gestures like tap or pinch to playback functions [2][3] - The Gesture Mapper feature provides flexibility for users to personalize their interaction style across different applications and devices [4][5] - The firmware upgrade enhances performance and stability, ensuring users benefit from the latest features [6] Company Overview - Wearable Devices Ltd. specializes in AI-powered touchless sensing wearables, focusing on human-computer interaction [7] - The company operates through a dual-channel model, offering products directly to consumers and through enterprise licensing [8] - Wearable Devices aims to set the standard for neural input technology in the rapidly growing extended reality (XR) market [9]
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]