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Apple Watch Users Received The First Wearable Devices Mudra Bands

The Company delivered its award winning Mudra Band product to first customers, allowing them to control their Apple ecosystem devices using touchless hand and finger gestures

YOKNEAM ILLIT, ISRAEL, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in AI-powered touchless sensing wearables, announced the first batch delivery of its highly anticipated consumer electronics product, the Mudra Band, to its customers. This milestone marks a significant achievement for the Company and a momentous occasion for tech enthusiasts and Apple customers everywhere.

The Mudra Band is an AI-powered aftermarket product that connects with the Apple Watch and uses neural signals from the wrist to translate movement intent to digital command. The user can control the iPhone, iPad, Mac and AppleTV using its Air-Touch functionality that enables the use of subtle finger movements for point, click, and drag & drop interactions.

The custom Apple Watch face allows seamless switch and toggle between the above mentioned Apple Ecosystem products and additional paired bluetooth devices. The Mudra Band iOS app features a world novelty – the user can view surface nerve conductance (SNC) neural signals live and in real-time.

“This is a pivotal moment in the growth of our Company as we commence delivery of our first manufacturing batch of the Mudra Band to preorder customers. We are delivering a groundbreaking product and ushering in a new era of innovation for Wearable Devices,” commented Asher Dahan, Chief Executive Officer of Wearable Devices. “The Mudra Band is setting the standard for human-computer interaction, with natural and familiar gestures that allow users to interact with devices in a relaxed spatial body posture. We are very pleased to have achieved this milestone, and remain committed to setting the input standard for extended reality experiences, and providing groundbreaking solutions that enhance the way people live, work, and play.”

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, 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 Extended Reality, one of the most rapidly expanding landscapes in the tech industry. The Company’s common stock trades on the Nasdaq market under the symbol “WLDS”.

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 thebenefits, capabilities and advantages of our Mudra Band and the Company’s position and future growth in the field of human-computer interaction. 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.

Investor Relations Contact

Walter Frank IMS Investor Relations 203.972.9200


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