Welcome to our dedicated page for Wearable Devices Ltd. news (Ticker: WLDS), a resource for investors and traders seeking the latest updates and insights on Wearable Devices Ltd. stock.
Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) appears frequently in technology and capital-markets news due to its focus on AI-powered neural input touchless wearables. Company press releases highlight developments around its Mudra Band and Mudra Link neural wristbands, which are described as defining a neural input category for wrist-worn devices and brain-computer interfaces. News coverage often centers on how these products enable gesture-based control of smart-glasses, screens and other digital devices.
Investors and technology followers tracking WLDS news will see updates on product features, platform support and ecosystem integrations. Recent announcements describe Mudra Link applications designed for multiple operating systems, compatibility with select smart-glasses models, customized presets for common functions, and demonstrations where Mudra Link acts as an alternative to traditional input devices. The company also reports collaborations with smart-glasses manufacturers and participation in events such as CES, where it showcases neural-click timing, gesture creation and live neural intent visualization.
WLDS news items additionally cover research, clinical pilots and financing activities. Examples include an EMG-based weight-estimation capability built on a U.S. patent, a neurorehabilitation pilot with Soroka University Medical Center focused on grip-force control, and grant support from the Israel Innovation Authority. On the corporate side, press releases and accompanying Form 6-K filings discuss registered direct offerings, warrant transactions, and distribution agreements in regions such as South Korea and other Asian markets.
For readers interested in the intersection of neural interfaces, XR and public markets, the WLDS news feed provides an ongoing record of how Wearable Devices communicates its product roadmap, partnerships and capital-raising steps. Returning to this page allows users to follow new announcements as the company furnishes additional press releases and regulatory disclosures.
Wearable Devices (Nasdaq: WLDS) has announced a $1.85 million registered direct offering and concurrent private placement. The company will issue 822,000 ordinary shares at $2.25 per share to a single institutional investor. Additionally, warrants to purchase up to 822,000 ordinary shares will be issued with an exercise price of $2.50, valid for five years. The proceeds will be used for working capital and general corporate purposes. A.G.P./Alliance Global Partners is acting as the sole placement agent, with closing expected around November 27, 2024.
Wearable Devices (Nasdaq: WLDS) introduces a groundbreaking Neural Wristband category with its Mudra Band and Mudra Link products. These devices utilize proprietary Surface Nerve Conductance (SNC) technology to detect neural signals and wrist movements, enabling intuitive gesture control of digital devices. The technology decodes unique neural signal patterns for each finger movement through AI algorithms, allowing users to interact with digital elements using familiar gestures like tap and drag. The Mudra products can recognize gestures even when hands are at waist level or in pockets, and are compatible with Apple, Android, Windows, and macOS devices.
Wearable Devices (Nasdaq: WLDS) announced that its Mudra Link, a neural interface wristband, has been named a CES® 2025 Innovation Awards Honoree in the XR Technologies & Accessories category. The device, which enables hands-free digital control for Android, iOS, and other platforms, captures neural signals from subtle finger and wrist movements for intuitive device interaction. This recognition follows the company's previous success with Mudra Band, which won the 'Best of CES® Innovation Award' in 2021. The technology is particularly relevant for augmented reality and virtual reality experiences, offering control capabilities beyond line-of-sight limitations.
Wearable Devices (Nasdaq: WLDS) announces a strategic collaboration with TCL-RayNeo to develop neural interface wristbands for AR glasses, aiming for market release as early as next year. The partnership integrates RayNeo's AR glasses with Wearable Devices' neural gesture control technology, enabling hands-free, gesture-based interactions in augmented reality environments. This initiative positions them ahead of Meta's recently announced gesture control prototype. The collaboration combines RayNeo's AR hardware expertise with Wearable Devices' Mudra Band and Mudra Link technology to create immersive, intuitive user experiences in the XR market.
Wearable Devices (Nasdaq: WLDS) has announced that it has regained compliance with Nasdaq's minimum bid price requirement. The company received written notice from Nasdaq confirming compliance with Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share. This compliance was achieved after the company's ordinary shares maintained a closing bid price at or above $1.00 for 10 consecutive business days. The previous bid price deficiency matter has been closed by Nasdaq.
Wearable Devices (Nasdaq: WLDS, WLDSW) has released a white paper titled 'Elevating AR Glasses User Experience with Gesture Control and Neural Wristband'. The paper analyzes trends in gesture control technology, comparing camera-based solutions with wearable neural interfaces. Key findings include:
- Shift to wrist-worn devices for more natural and comfortable user experiences
- Extended functionality through AI, IMU, and SNC sensors
- Overcoming field-of-view limitations of camera-based systems
- Unifying interface for various face-worn devices
- Reducing device weight and complexity for mass adoption
The white paper positions Wearable Devices as a leader in neural gesture control, highlighting the advantages of their Mudra Band and Mudra Link products over camera-based systems in AR glasses.
Wearable Devices (Nasdaq: WLDS, WLDSW) has announced a collaboration with RayNeo, a leader in augmented reality (AR) technology, to develop mass production level neural interface AR glasses. This partnership aims to integrate Wearable Devices' neural gesture control technology with RayNeo's AR glasses, enabling hands-free, gesture-based interactions in augmented and mixed reality environments.
The collaboration showcases the potential of neural gesture control in creating immersive and intuitive interactions in mixed reality. Both companies will demonstrate how neural interface technology can be seamlessly integrated into AR devices, enhancing user experience. This partnership reflects their shared vision of redefining human-technology interaction in the rapidly evolving extended reality (XR) space.
Wearable Devices (Nasdaq: WLDS) has announced the launch of its Mudra Band for Apple Watch on Walmart.com, expanding access to its AI-powered touchless sensing wearable technology. This strategic move follows the product's successful introduction on Amazon and aligns with the company's goal of broadening its presence across major U.S. retail platforms.
The Mudra Band allows users to control Apple devices such as iPhone, iPad, Apple TV, and MacBook using simple hand gestures, without touching the screen. It utilizes neural signals translated into commands, offering a seamless and innovative user experience. Key features include hands-free control, Apple ecosystem compatibility, advanced neural interface, and enhanced accessibility for users seeking touchless control solutions.
This launch on Walmart.com significantly increases Wearable Devices' market reach, making its technology accessible to millions of Apple users in the United States and enhancing its brand recognition in the U.S. market.
Wearable Devices (Nasdaq: WLDS, WLDSW) has announced a 1-for-20 reverse stock split of its ordinary shares and tradable warrants, effective October 10, 2024. The split will reduce the number of outstanding ordinary shares from approximately 24,438,030 to 1,221,901 and warrants from 7,860,861 to 393,043. The company's shares and warrants will continue trading on Nasdaq under the same symbols with new CUSIP numbers.
The reverse split, approved by shareholders on September 26, 2024, will not alter shareholders' ownership percentages, except for minor adjustments due to fractional shares. Proportional adjustments will be made to outstanding options, warrants, restricted shares, and RSUs. The company's authorized share capital of 50,000,000 ordinary shares remains unchanged.
Wearable Devices (Nasdaq: WLDS, WLDSW) has filed a patent application in South Korea for its neural wrist technology. This application, titled 'Gesture and Voice-controlled interface device,' is part of the Patent Cooperation Treaty (PCT) national stage and aims to protect the company's global patent portfolio in Asian markets.
The patent covers revolutionary neural interface technology used as a wearable scale for measuring object weight and a wearable torque meter for measuring torque applied when fastening rotating objects. This move is part of Wearable Devices' strategy to broaden protection of its core IP globally, allowing adaptation to future market changes.
Guy Wagner, Chief Scientist Officer, emphasized the importance of expanding their patent reach to South Korea, noting it's important for securing access to an advanced technological market and fostering collaborations with global industry leaders. He highlighted that neural wrist interfaces have practical applications beyond gesture control, potentially impacting how we interact with technology and our surroundings.