Wearable Devices Ltd Stock Price, News & Analysis

Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) has announced its participation at the Mobile World Congress (MWC) in Barcelona from February 27 to March 2, 2023. The company will showcase its Mudra Band, which enables touchless control of Apple products, and introduce the new Mudra Air-Touch functionality for seamless transitions between connected devices like iPhones and smart glasses. The advanced AI-based technology aims to enhance user interaction with digital devices. Industry representatives are encouraged to schedule meetings for demonstrations during the event.

Wearable Devices Ltd. (WLDS, WLDSW) announced the filing of a patent application with the U.S. Patent and Trademark Office and the Patent Cooperation Treaty for a technology that enhances interaction between physical and digital realms. This innovation employs Artificial Intelligence and a Multimodal Sensing Interface to improve Human-Computer Interaction (HCI), aiming to set a new standard for the Metaverse. The technology captures complex hand movements and muscle force, enabling users to control digital devices intuitively. The company continues to focus on developing its Mudra platform, which allows for touchless interaction through subtle finger movements.

Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) has secured a non-dilutive grant of $900,000 from the Israel Innovation Authority (IIA) to enhance the manufacturing process for its Mudra Band, a wrist-worn neural interface. This grant, the company's fourth from the IIA, marks its first under the New Product Manufacturing program, covering 60% of the approved amount. CEO Asher Dahan highlighted that the funding will improve manufacturing capabilities in Israel and support the production of advanced neural interfaces, aiming to maintain quality and operational efficiency as they scale production.

Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) is poised to showcase its Mudra neural input wristband at the SPIE Photonics West conference in San Francisco from January 31 to February 1, 2023. This innovative wristband enables users to control smart glasses through subtle finger movements, enhancing user interaction with augmented and virtual reality devices. Key company executives emphasized that this technology is vital for the broader adoption of smart glasses, as it allows for a lightweight, user-friendly interface without cumbersome hardware. The company invites attendees to experience their technology firsthand, aiming to establish a significant presence in the metaverse market.

Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) was invited to present at The Paley Center for Media's Best of CES 2023 event in New York City. The event showcased the latest trends and products from CES 2023, and Wearable Devices demonstrated its innovative Mudra Band technology for Apple Watch, enabling neuro-gestural control of digital devices. Barry Kaplan, Executive Vice President, emphasized the strong interest in their AI-driven technology and its impact on media consumption. Wearable Devices was one of six companies selected to present, highlighting its role in shaping the future of human-technology interaction.

Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) announced a partnership with a Fortune 500 communications company to integrate its Mudra neural input technology into the partner's chipset, providing a Ready-to-Deploy platform for touchless input. CEO Asher Dahan expressed excitement over the validation of their technology and the potential for future partnerships in the wearable computing and metaverse sectors. This collaboration aims to enhance the user experience by enabling hands-free control of devices, solidifying the company's position in the consumer electronics marketplace.

Wearable Devices Ltd. (WLDS, WLDSW) has appointed Tamar Fleisher as Chief Operating Officer to enhance its global business operations and accelerate performance, particularly for the Mudra Band, a consumer product. With over a decade of experience in product management and operations, Fleisher aims to lead the company through its growth trajectory in the neural input interface technology sector. CEO Asher Dahan highlighted her empathetic leadership and customer understanding as assets for the company, which seeks to set new interaction standards within the Metaverse.

Wearable Devices Ltd. (Nasdaq: WLDS) will showcase its innovative technologies at CES 2023 in Las Vegas from January 5-8. The Company will present both B2B and B2C solutions at booth 54505 in Tech West. Notably, the Mudra Band for Apple Watch, recognized as a 2021 CES Innovation Award Honoree, enables touchless control of devices through hand movements. CEO Asher Dahan expressed excitement for the event, highlighting numerous scheduled meetings with industry leaders. Attendees are encouraged to visit the booth for demos and insights into cutting-edge neural interface technology.

Wearable Devices Ltd. (Nasdaq: WLDS) announced that it has received a notice from Nasdaq regarding non-compliance with the minimum bid price of $1.00 per share. The company has 180 days to regain compliance, with a deadline set for May 22, 2023. If the closing bid price reaches $1.00 for ten consecutive days, compliance will be confirmed. If not, the company may be granted an additional 180-day period under certain conditions. The company may consider actions such as a reverse stock split to regain compliance.