Mobile XR Team Report: Neuron Mudry

Comprehensive review highlights Mudra Band’s precision in measuring fingertip pressure, revolutionizing interaction with Apple Vision Pro AND Meta-Task 3

YOKNEAM ILLIT, ISRAEL, May 28, 2024 (GLOBE NEWSWIRE) — Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology development company specializing in artificial intelligence (“AI”) powered by contactless wearable devices, today released a comprehensive report from its augmented reality (“XR”) team. This report reviews the latest developments in the wearable technology market, with a focus on XR, and highlights the pioneering role of the company’s neural input wristbands in the development of smart glasses technology.

The report states that the Mudra Band is a revolution in gesture control technology, offering instant and unparalleled precision and accessibility for smart glasses users, while eliminating the dead weight and computational overhead of traditional XR glasses. Precise measurement of fingertip pressure using surface nerve conduction (“SNC”) sensors provides a level of precise control that sets a new standard in wearable technology. This positions Mudra Band as the cornerstone of future human-computer interactions, significantly raising the standard of XR input methods.

The most important conclusions from the report:

The evolution of gesture recognition: The report highlights the shift from traditional camera-based gesture detection to the innovative use of neural-input wristbands equipped with sensors such as inertial measurement units and SNC. These bands offer a new, more intuitive way to interact with devices, especially face-worn devices like Apple Vision Pro and Meta Quest 3.

Precision of fingertip pressure measurement: The Mudra Band’s SNC sensors perfectly capture the subtle electrical activity of your nerves, allowing you to precisely measure fingertip pressure. This feature provides precise control and increases the accuracy of gesture recognition, making interactions more responsive and intuitive.

Technical mechanics and algorithms: The XR team delves into the technical intricacies of these sensors, explaining how human movements detected at the key touch point of the wrist define intentions and, in turn, classify them into digital commands. The report examines classification algorithms used in portable neural gesture recognition systems, highlighting the computational benefits that enable natural and intuitive interactions compared to camera-based computer vision.

An alternative to dead weight and excessive processing power: Using the capabilities highlighted above, a system consisting of Smart glasses and Mudra may outperform products like Apple Vision Profeaturing superior performance, lighter weight and fewer computational constraints.

Benefits for face-worn devices: The report highlights the significant benefits that neural input wristbands provide for devices such as Apple Vision Pro and Meta Quest 3, improving user experience and accessibility.

Leeor Langer, Chief Technology Officer of Wearables, commented: “Our XR team’s review shows that Mudra technology outperforms vision-based hand gesture recognition technology by eliminating the need for heavy sensors and significant computational and field-of-view challenges.”

Potential applications and future implications:

• Greater accessibility: Neural input wristbands have the potential to make the technology more accessible to a wider range of users.
• Intuitive user experience: By providing a more natural way to interact with devices, these wristbands can significantly improve user experience.
• Broad Applications: The technology can be applied to a variety of fields, from consumer electronics to specialized industrial applications.

The report highlights that the Mudra Band neural controller is available now and offers immediate access to advanced gesture control, without waiting for future market releases.

The full report can be found at: https://www.wearabledevices.co.il/post/unlock-gesture-control-the-rise-of-a-neural-input-wristband-as-the-next-gen-pointing -device

The Mudra Band website can be found at https://www.mudra-band.com

About Wearable Devices Ltd.

Wearable Devices Ltd. is an emerging company developing artificial intelligence-based neural input interface technology for B2C and B2B markets. The company’s flagship product, the Mudra band for Apple Watch, integrates innovative technology and AI-powered algorithms into a functional, stylish band that uses patented sensors to identify subtle finger and wrist movements, enabling the user to interact with connected devices in a “touchless” way. The company also sells a B2B product that uses the same technology and features as Mudra Band and is available to businesses under license. Wearables Creates breakthrough, industry-leading technology that leverages artificial intelligence and proprietary algorithms, software and hardware to set the entry standard for augmented reality, one of the fastest-growing landscapes in the technology industry. The Company’s common stock and warrants are traded on the Nasdaq under the symbols “WLDS” and “WLDSW”, respectively.

Disclaimer Regarding Forward-Looking Statement

This press release contains “forward-looking statements” within the meaning of Art. 27A of the Securities Act of 1933, as amended, and Art. 21E of the Securities Exchange Act of 1934, as amended, 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 terminology such as “believe”, “expect”, “may”, “should”, “could”. ”, “seek”, “intend”, “plan”, “target”, “estimate”, “anticipate” or other comparable terms. For example, when we discuss the potential benefits of the Mudra Band, we use forward-looking statements. Forward-looking statements are neither historical facts nor guarantees of future performance. Instead, they are based solely on our current beliefs, expectations and assumptions about the future of our business, future plans and strategies, forecasts, anticipated events and trends, the economy and other future conditions. Because forward-looking statements refer to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are beyond our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not place undue reliance 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 forward-looking statements include, among others: our use of proceeds from the offering; trading of our common stock or warrants and the development of a liquid trading market; our ability to successfully promote our products and services; customer acceptance of our products and services; our continued ability to pay operating expenses and our ability to meet demand for our products and services; the amount and nature of competition from other security and telecommunications products and services; the effects of changes in cybersecurity and telecommunications markets; our ability to successfully develop new products and services; our success in establishing and maintaining strategic collaboration, licensing and supplier arrangements; our ability to comply with applicable laws; and other risks and uncertainties described in our Annual Report on Form 20-F for the year ended December 31, 2023, filed on March 15, 2024, and in our other filings with the SEC. We undertake no obligation to publicly update any forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Contact for investor relations

Walter Frank
IMS Investor Relations
203.972.9200
[email protected]