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Wearable Devices and Webidoo Join Forces for Mudra Band’s Retail Rollout

YOKNEAM ILLIT, ISRAEL, April 30, 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 a collaboration with Webidoo, through Webidoo Store, an experience retail store in Milano, Italy, showcasing the latest in technology, innovation and gadgets. In this collaboration, the Mudra Band will be featured in Webidoo Store's offering customers the unique opportunity to experience and assess the product firsthand. Concurrently, for those who favor the convenience of digital shopping, the Mudra Band will also be made available through Webidoo's online store, ensuring a comprehensive purchasing option for all consumers.


This partnership brings the Mudra Band, a device that revolutionizes interaction with Apple Watches through AI-driven, touchless technology, into the realm of experiential retail, powered by Webidoo Stores’ expertise in delivering cutting-edge technology products directly to consumers.


Webidoo Store has made a name for itself by transforming digital solutions into hands-on consumer experiences. Their dedication to innovation is evident in their Webidoo Store, which underscores their role in setting rather than following market trends.

Asher Dahan, Chief Executive Officer of Wearable Devices, expressed enthusiasm for the collaboration: “Working with Webidoo Store allows us to showcase the Mudra Band in a retail environment that transcends traditional shopping experiences. Webidoo Store’s approach to retail, which emphasizes direct consumer engagement with technology, aligns perfectly with our vision for the Mudra Band.”


The Mudra Band allows users to control their Apple devices with simple wrist and finger movements, embodying the future of device interaction. Webidoo Store’s experiential retail strategy, particularly demonstrated through the launch of Europe’s first tech experience store in Milan, provides a perfect platform for consumers to physically engage with and understand the capabilities of the Mudra Band. This direct interaction is key to bringing the digital and physical worlds closer, making advanced technology accessible and comprehensible.


About Webidoo Store


Webidoo Store is a user experience physical retail, reference point for the latest in technology and innovation. Located in the vibrant heart of Milan, Webidoo Store offers a wide range of hi-tech products, from the latest gadgets to smart solutions for home and office.


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 vision for and capabilities of the Mudra Band and the potential benefits from our collaboration with Webidoo. 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



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