Wearable Devices Ltd Stock Price, News & Analysis

Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) announced its participation as a gold sponsor at the tinyML Summit 2023, held from March 27-29 in Burlingame, California. The Company will showcase its AI-based neural input technology, which enables touchless control of digital devices through subtle finger movements using their Mudra Band. Attendees can experience the technology's multi-device functionality within the Apple ecosystem. Co-Founder Leeor Langer emphasized the potential applications of their technology in the AI and hardware sectors, encouraging attendees to learn more about Mudra's capabilities.

Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) reported a net loss of $(6,496,000) or $(0.53) per diluted share for 2022, up from $(2,614,000) or $(0.27) in 2021. The company’s cash balance increased significantly to $10.4 million. CEO Asher Dahan highlighted ongoing strategic investments in research and development, positioning the firm to capitalize on B2B and B2C opportunities, notably with the Mudra Inspire and Mudra Band products. The company formed a strategic partnership with a Fortune 500 company for embedded technology integration and secured a $900,000 grant from the Israel Innovation Authority for further development efforts.

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.