YOKNEAM ILLIT, ISRAEL, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in artificial intelligence (“AI")-powered touchless sensing wearables, has been featured as the "Best Wearable” device at CES 2024, by the leading technology media outlet SlashGear.
Following the biggest consumer electronics show in the world, Wearable Devices' Mudra Band continues to gain global recognition by leading tech influencers, early adopters and top media sources.
SlashGear reviewed many technologies and highlighted the announcements that look set to make a meaningful difference in users' lives. SlashGear operates under Static Media and reaches over 5 million readers every month, providing trustworthy, daily news and thought-provoking commentary on everything happening in the automotive and technology industry.
This recognition from top tech publications strengthens the potential and impact of the Mudra Band in the evolving tech landscape and facilitate the Company's marketing efforts. Additional leading publications, that have recognized the Mudra Band, included: Mashable, VentureBeat and Sky Update.
The Mudra Band connects to Apple watch and allows the user to control multiple Apple ecosystem devices via Bluetooth. The band uses Surface Nerve Conductance sensors to capture neural signals from the wrist, and binds hand and finger spatial gestures with everyday functions such as tap, pinch, drag, and glide. With its customized watch face, the Mudra Band lets users hop from one device to another by simply tapping on an icon on the watch face. Thus, it streamlines interactions across devices and produces a consistent and harmonized spatial user experience. Wearable Devices continues to lead the way in wearable technology, with the Mudra Band setting new standards for user experience and convenience beyond the touch screen. https://mudra-band.com/.
About Wearable Devices Ltd.
Wearable Devices Ltd. is a growth company developing AI-based neural input interface technology for the B2C and B2B markets. The Company’s flagship product, the Mudra Band for Apple Watch, integrates innovative AI-based technology and algorithms into a functional, stylish wristband that utilizes proprietary sensors to identify subtle finger and wrist movements allowing the user to “touchlessly” interact with connected devices. The Company also markets a B2B product, which utilizes the same technology and functions as the Mudra Band and is available to businesses on a licensing basis. Wearable Devices Is committed to creating disruptive, industry leading technology that leverages AI and proprietary algorithms, software, and hardware to set the input standard for the Extended Reality, one of the most rapidly expanding landscapes in the tech industry. The Company’s ordinary shares and warrants trade on the Nasdaq market under the symbol “WLDS” and “WLDSW”, respectively.
Forward-Looking Statement Disclaimer
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, we are using forward-looking statements when we discuss the potential and impact of the Mudra Band in the evolving tech landscape . All statements other than statements of historical facts included in this press release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our use of proceeds from the offering; the trading of our ordinary shares or warrants and the development of a liquid trading market; our ability to successfully market our products and services; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in our annual report on Form 20-F for the year ended December 31, 2022, filed on March 22, 2023 and our other filings with the SEC. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
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Investor Relations Contact
Walter Frank
IMS Investor Relations
203.972.9200
wearabledevices@imsinvestorrelations.com
