Wearable Devices to expand Mudra Band capabilities to include same-hand touchless watch operation and streamlined task management, complementing its existing solutions for iPhone, iPad, and other Apple products

YOKNEAM ILLIT, ISRAEL, Aug. 26, 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, announces the latest upgrade to the Mudra Band — enhanced gesture control functionality for the Apple Watch.

This new feature enhances convenience by enabling quick, hands-free control for common tasks, and significantly improves accessibility for older Apple Watch models which do not support some of the Apple Watch double tap gesture.

The Mudra Band's watch gesture control features will significantly enhance the value and functionality of the Apple Watch, particularly in terms of accessibility and convenience. It allows users to operate the watch using simple gestures of the same hand, even when their fingers hold something or temporarily can't touch the screen. By enabling users to control their watch without touching the screen, the Mudra Band simplifies interaction and reduces physical effort, empowering on-the-go and multi-tasking watch operation without the need to pause, stare at the screen, and use the other hand to operate it.

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Users can navigate the interface using familiar gestures. Simply pinching the index with the thumb and quickly flicking the wrist is used for navigation, and tapping or double-tapping is used to select an element or go back. The comfortable gestures are possible due to the Mudra Band's fingertip pressure measurement, which allows for more relaxed and subtle finger movements, rather than using abrupt jab gestures.

This advanced gesture control provided by Mudra Band allows users to pause music, stop timers, and answer calls without touching the screen. The Mudra Band significantly improves the usability of the Apple Watch for a broader audience, ensuring accessibility and convenience for all users.

"One of our initial goals with the Mudra Band has been to provide our users with a same-hand touchless watch operation, and we are pleased to cater to multiple requests by our customers," says Asher Dahan, CEO of Wearable Devices. "This is a step forward in AI-based wearable technology, pushing the boundaries of what wearable technology can offer. The Mudra Band's new watch gesture control functionality is a testament to our commitment to innovation and user empowerment."

The new Apple Watch gesture control functionality for the Mudra Band will be available in the coming Mudra Band app update.

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 benefits and advantages of the Mudra Band and its implications for Apple Watch users. 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, 2023, filed on March 15, 2024 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

Walter Frank
IMS Investor Relations
203.972.9200
wearabledevices@imsinvestorrelations.com