Wearables Boldly Welcome Meta’s Neural Control Entry into the AR/VR/XR Market

Yokneam Ilit, Israel, September 26, 2024 (GLOBE NEWSWIRE) — Wearable Devices Ltd., an award-winning pioneer in AI-based motion control technology. (“Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW) applauded Meta’s entry into the motion control space with its announcement today on Meta. Connect 2024.

“Welcome, Mete. Seriously,” said Wearables Chief Executive Officer Asher Dahan. “Competition only drives innovation, and we are encouraged to see Meta’s emerging commitment to the neural interface sector that we at Wearables have developed and perfected for over a decade.”

Wearables have long redefined the way people interact with technology with the award-winning Mudra Band and Mudra Link neural motion controllers, both of which provide users with hands-free digital navigation. The company has repeatedly proven the transformative nature of its neural interface technology, which allows users to control digital environments using their thoughts and intentions, opening new doors for hands-free interaction with devices and digital experiences.

“Meta’s new foray into this area confirms the enormous potential and growing importance of nerve control,” Mr. Dahan added. “Clearly, we at Wearables have been on to something big since the beginning as pioneers in the field of neural wearables, and we look forward to continuing to push the boundaries alongside other key players in the space.”

Over the past year, Mudra Band has improved the experience of thousands of users by demonstrating its proven value. While Meta presents its neural wristband as a ‘Purpose Product Prototype’ for smart glasses, we offer a versatile solution that controls computers, applications and smart glasses.

Wearables have long been at the forefront of motion control innovation, winning the prestigious ‘Best of CES Innovation Award’ in 2021 for the Mudra Band, the first neural interface wristband.

For more information, visit: www.wearabledevices.co.il.

Wearable Devices Ltd. About

Wearable Devices Ltd. is a growing company developing AI-based neural input interface technology for B2C and B2B markets. The company’s flagship product, the Mudra Band for Apple Watch, combines innovative AI-based technology and algorithms into a functional, stylish wristband that uses proprietary sensors to identify subtle finger and wrist movements that allow the user to interact with connected devices “touch-free.” The company also markets a B2B product that uses the same technology and functionality as Mudra Band and is available to businesses on a licensing basis. Wearable Devices is committed to creating breakthrough, industry-leading technology that leverages artificial intelligence and proprietary algorithms, software and hardware to set the entry standard for Extended Reality, one of the fastest-expanding areas in the technology industry. The Company’s common shares and warrants trade on the Nasdaq market under the symbols “WLDS” and “WLDSW,” respectively.

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