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Wearable Devices Unveils New Bidirectional Unity Plugin Compatible with Mudra Inspire Product

- The Bidirectional Unity Plugin provides touchless interaction and control for companies and enterprises developing on Unity supported platforms -

YOKNEAM ILLIT, ISRAEL, June 29, 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, today announced the completion of the development of its new bidirectional plugin for Unity, a game engine supporting desktop, mobile, console, virtual reality (VR) and augmented reality (AR) platforms, establishing a live communication channel between the Unity game engine and the Mudra Inspire neural input wristband. The innovative plugin integrates touchless interaction and control into Unity supported platforms, expanding software development opportunities and enabling commercial companies and enterprises to create increasingly customized experiences for their users.

The plugin represents a significant milestone in Wearable Devices’ commitment to providing powerful tools to unlock the potential of touchless interaction experiences for human-computer interactions and extended reality experiences through wearables. The plugin supports both iOS and Android operating systems.

The key benefits and features of the plugin include:

  1. Versatile integration capabilities: with the plugin, integrating touchless interaction and control functionalities is now instant and effortless.

  2. Various gesture type schemes: the plugin grants access to a wide range of functions, including discrete, continuous, and air-touch gesture types.

  3. Familiar gestures using relaxed spatial body postures: the use of subtle finger movements for point, click, and drag and drop commands are used for tap to select, pinch to scroll, swipe, slide to unlock, and navigate to any area of interest.

  4. Real-time bidirectional communication: the plugin establishes a live communication channel between Unity and the Mudra Inspire neural wristband, facilitating the transmission of precise gesture data in real-time for seamless interaction and synchronization.

“This new plugin represents a significant leap forward in enhancing interactivity and pushing the boundaries of user experiences as well as significantly expanding our potential target customer base. We are delighted to offer this new Unity plugin to potential B2B business partners, thus providing them with an easy way to integrate touchless spatial interactions into their products and services," commented Asher Dahan, Chief Executive Officer of Wearable Devices. “Our AI-based neural input wristband offers a natural way to capture gesture intent which does not mandate users to hold physical objects or be within the field of view of a gesture camera.”

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 the potential of the bidirectional unity plugin to enhance interactivity of products and services and the expansion of our target customer base. 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

John Nesbett/Jennifer Belodeau IMS Investor Relations 203.972.9200


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