Wearable Devices Delivered Custom Touchless Technology for a Leading Global Defense Company

The solution is part of a proof of concept conducted for a leading global defense company, developed in collaboration to create gesture technologies for defense applications using silent activation

YOKNEAM ILLIT, ISRAEL, May 20, 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, announced today the successful delivery of a custom-made solution to a leading global defense company. This marks the completion of the third phase of a proof of concept (POC) in their ongoing collaboration. This successful delivery supports the feasibility of integrating Wearable Devices' neural gesture technology into defense-grade applications.

This collaboration, initially aimed at designing a first-of-its-kind prototype, has now advanced beyond the POC stage, confirming the potential of the Mudra technology for defense requirements, especially in situations where silent activation is crucial. After delivering and evaluating the solution, the defense company plans to present it at an internal exhibition on operational technologies.

Asher Dahan, Chief Executive Officer of Wearable Devices, stated: "We are thrilled to announce that we have successfully delivered a unique system to our important defense customer. This achievement marks a significant step forward in our mission to pioneer touchless, silent activation solutions that can revolutionize defense operations."

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.