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Wearable Devices Advances AI Health Monitoring Platform as U.S. HHS Embraces Wearable Tech
Globenewswire· 2025-06-25 12:21
Core Insights - Wearable Devices Ltd. is expanding its Large Motor Unit Action Potential Model (LMM) into new markets, including predictive health monitoring and cognitive state analytics, providing real-time physiological insights for health and wellness monitoring [1][4][5] - The expansion aligns with increasing interest in personalized wellness devices, supported by advocacy from U.S. Secretary of Health and Human Services, Robert F. Kennedy Jr., for wearable technology in health monitoring [2][3] - The LMM technology is designed to continuously learn and adapt, transforming muscle activity signals into actionable insights, which can revolutionize preventive diagnostics and digital health tracking [4][5] Market Opportunities - The LMM platform will be made available to enterprises, researchers, and developers, enabling businesses to develop custom applications for healthcare and sports, and integrate real-time physiological insights into their solutions [5][7] - The technology aims to enhance cognitive state and performance analytics by monitoring focus, fatigue, and stress levels, thereby optimizing productivity and mental well-being [7] - Wearable Devices is positioned to accelerate commercialization and strategic partnerships across the health sector, reinforcing its role as a pioneer in bio-signal intelligence and neural interface technology [5][8] Product Overview - Wearable Devices Ltd. specializes in AI-powered neural input technology, with products like the Mudra Band and Mudra Link, which facilitate touch-free interaction through subtle movements [6][8] - The company operates a dual-channel business model, targeting both direct-to-consumer sales and enterprise licensing, aiming to redefine user experiences in the rapidly growing AR/VR/XR markets [6][8]
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 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]
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]