The Company will demonstrate how its AI-based neural input technology interprets neural signals to control digital devices using touchless finger movements
YOKNEAM ILLIT, ISRAEL, March 27, 2023 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) (“Wearable Devices” or the “Company”), a growth company developing a wrist-worn neural interface technology for B2B and B2C customers, today announced that it will exhibit its AI-based neural input technology at tinyML Summit 2023 (the “Summit”). The Summit is held at the Hyatt Regency San Francisco Airport in Burlingame, California, from Monday, March 27, 2023 through Wednesday, March 29, 2023.
At the Summit, the Company will showcase its advanced artificial intelligence and miniaturized electronics and the technology’s ability to capture, decipher and utilize unique biopotential signals from the wrist to control digital devices. Summit attendees will be able to experience this technology by using the Mudra Band, the Company’s award-winning aftermarket band for the Apple Watch that enables touchless control of Apple products using subtle finger and wrist movements. The Company will also exhibit its multi-device functionality for Apple eco-system that provides a seamless transition of control across devices such as an iPhone, iPad, Mac computer, and Apple TV.
Leeor Langer, Co-Founder and Chief Technology Officer of Wearable Devices, commented, “We are excited to be attending the tinyML Summit 2023 as a gold sponsor and to showcase our embedded artificial intelligence and machine learning technology. This is a premier event where innovators and businesses from multiple industries gather to learn about the newest applications for AI algorithms and advanced hardware devices utilizing cutting edge technology. I encourage all in attendance to meet us at the venue and learn how the Mudra technology can be embedded on current wearables and products.”
To schedule a meeting or Mudra Band demo please contact Mr. Leeor Langer at leeor.langer@wearabledevices.co.il.
About Wearable Devices Ltd.
Wearable Devices Ltd. (the “Company”), a growth company developing a non-invasive neural input interface technology in the form of a wrist wearable band for controlling digital devices using subtle finger movements. Our company’s vision is to create a world in which the user’s hand becomes a universal input device for touchlessly interacting with technology, and we believe that our technology is setting the standard input interface for the Metaverse. Since our technology was introduced to the market, we have been working with both Business-to-Business and Business-to-Consumer customers as part of our push-pull strategy. Combining our own proprietary sensors and Artificial Intelligence, or AI, algorithms into a stylish wristband, our Mudra platform enables users to control digital devices through subtle finger movements and hand gestures, without physical touch or contact. For more information, visit https://www.wearabledevices.co.il/.
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 advantages and benefits of our Mudra Band. 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 ability to close the offering of the securities; 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 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.
Investor Relations Contact
John Nesbett/Jennifer Belodeau
IMS Investor Relations
203.972.9200
wearabledevices@imsinvestorrelations.com
