powerbattles
6 months ago
Wearable Devices Ltd. Secures Patent for its AI Gesture-Controlled Interface in China
9:25 AM ET 5/16/24 | GlobeNewswire
Wearable Devices Ltd. Secures Patent for its AI Gesture-Controlled Interface in China
The new granted patent broadens Wearable Devices global patents portfolio to the Eastern markets
YOKNEAM ILLIT, ISRAEL, May 16, 2024 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the "Company" or "Wearable Devices") (Nasdaq: WLDS, WLDSW), a technology growth company specializing in touchless sensing wearables powered by artificial intelligence ("AI"), announced that the China National Intellectual Property Administration granted its patent application, No. CN107589782, titled "Method and Apparatus for a Gesture Controlled Interface for Wearable Devices" (the "Patent").
This Patent, constituting core intellectual property of the Company, broadens the protection of its revolutionary gesture-controlled interface, designed for use with wearables and other connected devices. By harnessing the power of a wrist-worn band, this interface uniquely detects hand gestures, with a particular focus on pressure-based gestures, allowing users to interact with their devices in an intuitive and seamless manner.
Guy Wagner, Chief Scientist of Wearable Devices, said: "We are strengthening our patent portfolio globally, in parallel with the expansion of the use of various devices requiring this type of intuitive interaction. We believe that increasing our patent portfolio globally better enables us to collaborate with global partners. By integrating sophisticated AI algorithms into our cutting-edge bio-potential sensor technology, we are creating a new way of interacting with technology that feels natural and effortless."
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 our technology and its potential benefits, the expansion of the use of various devices requiring our revolutionary gesture-controlled interface, and our belief that increasing our patent portfolio globally better enables us to collaborate with global partners. 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
> Dow Jones Newswires
May 16, 2024 09:25 ET (13:25 GMT)
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tw0122
1 year ago
No worries for now about another offering.. Wearable Devices Ltd. Announces Closing of $16 Million Initial Public Offering
Source: GlobeNewswire Inc.
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Wearable Devices Ltd. (the “Company”), a growth company developing a non-invasive neural input interface technology for B2B and B2C customers, announced today the closing of its initial public offering of 3,750,000 common units. Each common unit was offered at a public offering price per common unit of $4.25 and consists of one ordinary share and two warrants to purchase one ordinary share each, with an initial exercise price of $4.00 per share. The gross proceeds of the offering were approximately $16 million before deducting underwriting discounts and commissions and offering expenses.
In addition, the Company has granted Aegis Capital Corp. (“Aegis”) a 45-day option to purchase up to such number of additional ordinary shares equal to 15% of the number of units sold in the offering and up to such number of additional warrants equal to 30% of the number of units sold in the offering, solely to cover over-allotments, if any. The purchase price to be paid per additional ordinary share will be equal to the public offering price of one unit (less $0.01 allocated to each warrant), less the underwriting discount. The purchase price to be paid per additional warrant will be $0.01. On September 13, 2022, Aegis exercised its over-allotment option with respect to 1,125,000 warrants to purchase 1,125,000 ordinary shares.
The ordinary shares and common warrants began trading on The Nasdaq Capital Market on September 13, 2022, under the symbols “WLDS” and “WLDSW”, respectively.
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, the Mudra Inspire, 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 Metaverse, one of the most rapidly expanding landscapes in the tech industry.
Invest-in-America
1 year ago
WLDS: You, Sir, are WITTY to the MAX!!! (Not to mention old WCF, with his scores of PERFECT philosophical one-liner's!! [Like the one YOU just quoted.] Just imagine a comedy movie TODAY --- all CGI, of course --- starring WCF & RODNEY D., in their prime!! I know I have made such a point before, but WHY doesn't DISNEY, for example, jump-on such a CGI-Movie concept????? Or, for that matter, stupid HOLLYWOOD, generally. O.K., I have made my points there; enough said.)
subslover
1 year ago
Wearable Devices Commences Commercial Manufacturing of the Mudra Band for Apple Watch
The Company Incorporates Innovative Design To Optimize Mudra Band’s Manufacturability
YOKNEAM ILLIT, ISRAEL, June 01, 2023 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) (“Wearable Devices” or the “Company”), a technology growth company specializing in AI-powered touchless sensing wearables, is pleased to announce that it has commenced commercial manufacturing of its anticipated Mudra Band for Apple Watch.
Wearable Devices has witnessed a growing demand from customers worldwide, with thousands of preorders already received so far.
In the development of the Mudra Band, Wearable Devices utilized an innovative manufacturing technique which combines the advantages of a flex-rigid printed circuit board with enhanced durability and flexibility, to ensure a sleek and seamless integration with the Apple Watch.
“We are focused on manufacturing an excellent product that will transform the way people interact with their electronic devices. A key focus of our development process has been to optimize design for manufacturability so we can efficiently complete the manufacturing process and deliver the preorders to our customers,” stated Guy Wagner, co-founder and Chief Scientist Officer of Wearable Devices. “Our team is dedicated to ensuring a seamless production process, and we look forward to introducing the Mudra Band to our valued customers. This is just the beginning of our journey, our preorders further validate the market’s anticipation for this revolutionary touchless product."
The Mudra Band, initially developed for touchless operation of the Apple Watch using neural signals, has now expanded its product features with Air-Touch. This groundbreaking addition allows users to seamlessly control Apple's entire ecosystem of devices using subtle finger movements and hand gestures without the need for physical touch. With the latest enhancements, users can effortlessly toggle and switch between connected devices, including iPhone, iPad, Mac computer, Apple TV devices, smart glasses, and various mobile gaming devices, creating an immersive and intuitive user experience.
For more information about the Mudra Band and to place preorders, please visit the official website at www.mudra-band.com.
Invest-in-America
1 year ago
And they have many very-well-made POSTS now all over YouTube about Mr. WCF, with nearly ALL of his one-liners. (WCF & Mae West were CLASSIC together!!!) Hey, Boss, WHERE are today's CGI, AI, METAVERSE stuff, etc. --- totally NON-Hollywood-assembled --- MOVIES??? Starring all of those comedian pioneers!!! E.g., a RE-make of "CADDY SHACK", for example, with THOSE long-deceased chaps/ladies in it!!! Or, a RE-make of "TITANIC", starring CGI-assembled moving images of the REAL crew & passengers on that fateful day!!! Bottom line, that ancient Hollywood "STAR-BASED-SYSTEM" of making movies must be put to DEATH!!!
Trade like a pro: Leverage real-time discussions and market-moving ideas to outperform.
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