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Wearable Devices Files U.S. Patent for Touchless Pinch-to-Zoom Interaction in AR Wearables

Pinch-to-zoom offers a novel approach for continued parameter adjustments using hand and wrist gestures

YOKNEAM ILLIT, ISRAEL, Nov. 30, 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 today that it has filed a patent application with the U.S. Patent and Trademark Office (USPTO) for continued parameter adjustment using hand and wrist gestures of augmented reality (AR) wearables such as AR and virtual reality (VR) headsets.

Pinch-to-zoom introduces a sophisticated gesture-based interface that replicates the same intuitive action universally recognized in smartphone use. In “Heads up Display” (HUD) devices such as AR and VR headsets, adjustment of parameters like zooming in and out, volume control, and brightness are cumbersome and require the full movement of the hands or the use of both hands. The Company’s new patent enables the use of the familiar pinch-to-zoom function on AR and VR devices using only one hand while eliminating the need for physical touch.

Guy Wagner, Chief Scientist Officer and co-founder of Wearable Devices, commented, “We are introducing a significant leap forward for the wearable technology industry with the application for patent covering a gesture control solution that seamlessly integrates with AR and VR wearable devices. The adoption rate of new technologies such as AR and VR headsets is known to be limited by the capabilities of the user interface and experience with these devices. By allowing users to access a familiar and comfortable interaction with new technologies, we believe that we are significantly enhancing the adoptability of these devices.”

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 ability of our solutions to enhance the adoptability of new technologies. 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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