The Company is set to accelerate the beta testing phase by offering a significant number of users the opportunity to experience the product

YOKNEAM ILLIT, ISRAEL, April 28, 2023 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) (“Wearable Devices” or the “Company”), a technology growth company developing AI-powered touchless sensing wearables, today announced the opening of a pop-up user experience booth for the Mudra Band, the Company’s flagship B2C product that allows users to operate digital devices through touchless subtle finger movements and hand gestures.

The booth, located in the Kiryon Mall in Northern Israel, is expected to accelerate the beta testing phase by allowing a diverse range of users to experience the Mudra Band firsthand. Visitors will be able to try the Mudra Band by performing digital interactions that include operating an iPhone without touching the screen, playing games on an iPad with a new control method, controlling a Mac computer touchlessly without a computer mouse, and browsing through movies and series on Apple TV without using a remote control. Visitors will also be able to experience the Mudra Air-Touch functionality that enables toggle and switch between connected devices across the entire Apple product eco-system with a seamless transition of control.

“We are pleased to open our brand-new pop-up booth where we will be able to showcase our innovative B2C product, the Mudra Band for Apple Watch. The goal of this booth is to enable people to interact with our device live and in person and accelerate the beta testing and product maturity process by gathering valuable feedback on a large variety of users,” Asher Dahan, Chief Executive Officer and Co-Founder of Wearable Devices, commented. “This booth will enable us to deliver a superior product that will enhance the user experience as we continue to develop our Wearable-AI platform that we believe will set the input standard for the metaverse.”

About Wearable Devices Ltd.

Wearable Devices Ltd. (the “Company”) 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 Metaverse, 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”. For more information, please visit https://www.wearabledevices.co.il/.

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 acceleration of the beta testing and product maturity process for our Mudra Band, our ability to deliver a superior product that will enhance the user experience, future development of the Wearable-AI platform and the Company’s belief that the Wearable-AI will set the input standard for the metaverse. 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 ability to close the offering of the securities; 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 preliminary prospectus dated February 17, 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
wearabledevices@imsinvestorrelations.com