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WLDS is a growth company developing a non-invasive neural input interface in the form of a wrist wearable band for controlling digital devices using subtle finger movements. These digital devices include consumer electronics, smart watches, smartphones, AR glasses, VR headsets, televisions, PCs, laptop computers, drones, robots, etc.
Since our technology was introduced to the market in 2014, we have been working with both Business-to-Business (B2B) and Business to Consumer (B2C) customers as part of our push-pull strategy.
We are now in the transition phase from research and development to commercialization of our technology into B2B products. At the same time, we are in the final stage of manufacturing our first B2C consumer product, the “Mudra Band”, an aftermarket accessory band for the Apple Watch which allows touchless operation and control of the watch. Headquartered in Israel, the company was founded in March 2014 by Asher Dahan, Guy Wagner and Leeor Langer, with renowned expertise in the fields of analog sensors, signal processing, deep learning and machine learning algorithms, software, and human-computer interaction.
Year-To-Date Operational Highlights
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Announced preorder availability for flagship consumer product, Mudra Band forApple Watch
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Commenced commercial manufacturing of Mudra Band for Apple Watch
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Launched AI-based Air-Touch functionality for Android
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Filed patent application with United States Patent and Trademark Office for expandedAI-based immersion technology
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Strengthened leadership team with the addition of Tamar Fleisher as Chief OperatingOfficer and Pankaj Kedia to advisory board
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Announced Mudra Band compatibility with B2B and B2C smart glasses brands
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Enabled new user experience for mobile gaming
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Showcased Mudra technology at numerous industry conferences around the globeSubsequent to the second quarter of 2023:
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Completed first manufacturing batch of the Mudra Band for Apple Watch; expects tobegin shipments in coming weeks
Wearable Devices Unveils New Gesture & Voice-Controlled Interface for its Mudra Band for Apple Watch
The integration allows users to harness both voice commands and gestures to control digital devices without the need for physical touch.
YOKNEAM ILLIT, ISRAEL, Oct. 26, 2023 (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 integration of a new gesture and voice controlled interface for its Mudra Band for Apple Watch and AirTouch technology that leverages Apple’s AI-based digital assistant, Siri.
The new integration provides users with an enhanced interactive experience, enabling them to use a combination of voice commands and natural gestures and movements to control devices, without the need for physical touch. The combination of voice assistance and AirTouch technology allows users to switch between devices using voice, then utilize AirTouch gesture detection capabilities to navigate and fine tune preferences such as volume, brightness, and more.
Guy Wagner, Chief Scientist Officer and Co-Founder of Wearable Devices, commented, “With natural human communication being a combination of speech and gestures, an interface that utilizes both voice and gesture recognition as an input method is an essential integration for our technology. To date, we’ve been able to develop a revolutionary product that allows for natural and touchless interaction with connected devices using AI-powered sensors to interpret subtle finger and hand movements. With the integration of speech, we are greatly expanding the scope and capabilities of our technology by adding an entirely new input method that leverages the virtual assistant AI technology found in many of our connected devices, making our products, and other connected products, more intuitive and easier to use than ever before.
Wearable Devices Expands Mudra Licensing Program to Include Defense and Military Applications
The Company has been approached by global defense and military organizations interested in incorporating advanced technologies into their operations
YOKNEAM ILLIT, ISRAEL, Oct. 23, 2023 (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, today announced the expansion of its Mudra gesture technology licensing program (the “Licensing Program”) to include defense and military applications, in response to the increasing demand within this sector.
The Company has already received requests for quotes from leading global defense and homeland security companies seeking to evaluate Mudra technology for potential integration into their own products and operations. With the control of defense technology increasingly shifting to ground and field operators, Mudra gesture technology offers customized, easy-to-use, discreet solutions that can maximize efficiency and minimize margin for error in environments where these are of the utmost importance.
The Licensing Program provides original equipment manufacturers with the right to customize a reference design version of the Company’s award-winning Mudra gesture technology to meet the specific needs of their business. The Company’s proprietary technology is at the forefront of gesture recognition, using AI-based touchless sensing wearables to control devices with hand gestures. Through the Licensing Program, Wearable Devices is positioned to significantly expand its addressable market by enabling businesses to develop their own co-branded touchless control products.
Asher Dahan, CEO of Wearable Devices, commented, “Our expansion into the defense and military sector reflects the expanding demand for our technology and the variety of applications our technology can enhance and support. We’ve been approached by several leading defense and homeland security companies that have recognized the potential of our Mudra gesture technology in their products and operations. As defense technology becomes an imperative part of the defense industry, our customizable and user-friendly gesture solutions are ideally suited for the direction in which this market is headed.”
Wearable Devices Entered an MOU with a Leading XR Smart Glasses OEM for its Mudra Licensing Program
YOKNEAM ILLIT, ISRAEL, Oct. 02, 2023 (GLOBE NEWSWIRE) — Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) (“Wearable Devices” or the “Company”), a technology growth company specializing in AI-powered touchless sensing wearables, today announced the signing of a non-binding Memorandum of Understanding (“MOU”) under its newly launched Mudra licensing program. The MOU has been signed with a leading Chinese original equipment manufacturer (“OEM”) of extended reality (“XR”) smart glasses.
Under the terms of the MOU, the XR smart glasses OEM will explore deploying Wearable Devices’ touchless technology into its own product suite. As defined in the MOU, upon successful evaluation, the parties would enter into a commercial license agreement.
This MOU is a testament to Wearable Devices’ commitment to expanding its cutting-edge technology through strategic partnerships, and it marks a significant milestone in the Company’s journey toward defining the future of human-device interaction.
Wearable Devices recently announced its new licensing program for the B2B market, the ‘Mudra Licensing’. With the new program, the Company will provide a royalty-based license agreement, where OEMs =will have the right to manufacture by themselves a custom reference design version combined with the Company’s touchless control technology.
“We’re thrilled to partner with one of the major players in the XR market,” said Asher Dahan, Chief Executive Officer of Wearable Devices. This collaboration could significantly advance the capabilities of XR smart glasses and headsets as well, offering users a more intuitive and immersive experience.”
NEWS
MANAGEMENT
Asher Dahan
CEO & Co-Founder Director
Project execution expert. Talent in business leading and strategic planning. Manager and team leader. High expertise in major corporate decisions, experience managing the overall operations and resources of the Company.
Guy Wagner
Company President & Chief Scientist, Co-Founder Director
Hardware expert and main inventor. Multi- disciplinary expertise in board design, biomedical signal processing, embedded programming and sensor design.
Leeor Langer
CTO & Co-Founder
Algorithms expert. Machine learning, and signal / image processing developer. Lead algorithms engineer in industry and academia. Wrote several papers and articles.
Eli Bachar
Director
Director since 2016. Serial investor experience served as director in multiple companies (Xjet3D , 6 Over 6 Vision Ltd., GetSat Ltd., Silentium Ltd., Cupixel Ltd.)
Barry Kaplan
EVP US operation & Director
Director since 2018. From 2012 to 2021, Chief of Operations at Stuhrling Original Group of companies. From 2009 to 2014 founded and worked as CEO at KIVA watch. He was Chief Executive Officer and Chief Designer of Alexander Watch LLC from 2014 to 2017
Alon Mualem
CFO
An experienced CFO with diverse experience in multinational hi-tech, communication and industrial companies, both public and private companies. Previously served as the CFO of Eltek (NASDAQ:ELTEK), as the CFO of Mer Telemanagement Solutions Ltd., a company traded on NASDAQ. and as the CFO of Xfone Inc. and Xfone 018 Ltd.
Offir Remez
EVP of Business development and sales
A serial entrepreneur and a senior business executive with a proven track record among OEMs and international corporations. Co-founder and former President and VP BD of LucidLogix (acq. Google). Active board member and VP BD at Adshir (acq. Snap)Adv. board member at Play-Cast (acq. GameFly), 3DV (acq. Microsoft), North-Bit (acq. MagicLeap), Giraffic (acq. Roku)Co-founder & CEO of Enbaya
Shmuel Barel
CMO
International B2B and B2C marketing and sales expert on both Industrial and consumer products and services.
Highly experienced in business and marketing strategy, branding, digital advertising, media planning, multi-channel analytics, and customer support.