WLDS

July 15, 2024

CHECK OUT THE INVESTOR PRESENTATION HERE

Cash and Deposits at December 31, 2023 were $4.9 million

WLDS recently signed collaboration agreement with Qualcomm to elevate XR experiences with Mudra neural technology

The company has successfully delivered first manufacturing batch of the Mudra Band for Apple Watch

Received purchase order from a leading Japanese industrial automation company for the MDK

Fortune 500 Consumer Electronics Corporation Has Purchased an Evaluation License for Wearable Devices’ MDK

__________________________

Hello Everyone,

We have another profile back on our radar for tomorrow’s session that we want you to research immediately.

You might remember this one from back in November of last year when we profiled it.

We brought WLDS to your attention back on Nov. 1 when it was sitting under .50.

Just 6 sessions later on the 8th we saw it explode all the way up to 1.12 for a massive 100%+ run.

We want you to turn your attention to WLDS again and begin your research on it immediately.

WLDS is a growth company developing a non-invasive neural input interface in the form of a wrist wearable band for controlling digital devices using subtle finger movements. These digital devices include consumer electronics, smart watches, smartphones, AR glasses, VR headsets, televisions, PCs, laptop computers, drones, robots, etc.

Since their technology was introduced to the market in 2014, they have been working with both Business-to-Business (B2B) and Business to Consumer (B2C) customers as part of their push-pull strategy.

They are now in the transition phase from research and development to commercialization of our technology into B2B products. At the same time, they are in the final stage of manufacturing their first B2C consumer product, the “Mudra Band”, an aftermarket accessory band for the Apple Watch which allows touchless operation and control of the watch. Headquartered in Israel, the company was founded in March 2014 by Asher Dahan, Guy Wagner and Leeor Langer, with renowned expertise in the fields of analog sensors, signal processing, deep learning and machine learning algorithms, software, and human-computer interaction.

Wearable Devices Announces Full Year 2023 Financial Results and Provides Corporate Update

2023 Achievements Position Wearable Devices for Growth in 2024

YOKNE’AM ILLIT, Israel, March 15, 2024 (GLOBE NEWSWIRE) — Wearable Devices Ltd.(Nasdaq: WLDS, WLDSW) (“Wearable Devices” or the “Company”), a technology growth company specializing in artificial intelligence (“AI”)-powered touchless sensing wearables, today announced its financial results for the year ended December 31, 2023.

Asher Dahan, Chief Executive Officer and Chairman of the Board of Wearable Devices, commented, “2023 was characterized by strategic capital allocation and the execution of our growth strategy as we successfully completed delivery of our first manufacturing batch of the Mudra Band for Apple Watch, and entered into several partnerships with companies and contractors at the forefront of their respective industries. Our net loss increased in pursuit of these milestones, mainly due to strategic investments primarily in sales and marketing and research and development as we continue to innovate and showcase our technology, as well as an enhanced focus on business development on the B2B side of our business.

“Partnerships represent a key part of our business, and we expect our B2B offerings to be a significant driver of revenue for us as we grow. At the beginning of 2024, we launched the B2B Mudra Developer Kit, or MDK, providing our B2B customers with enhanced capabilities and additional features that improve on our traditional Mudra Inspire B2B offering. The MDK allows OEMs to design new, customized gestures along with existing hand and wrist signals to create a user interface specifically tailored to their needs. Subsequent to the end of the year, we announced a collaboration agreement with Qualcomm, a Fortune 500 company, for the development of products using the Qualcomm Snapdragon Spaces XR Developer Platform, and we announced an agreement at the end of 2023 with a leading global defense company to design neural gesture technology for situations where silent activation is crucial. We anticipate interest in our B2B product to grow as the market for wearable devices and AI-based technology expands, with more and more customers recognizing the value that our products can add to their operations.

“Our B2C product, the Mudra Band, is an award-winning aftermarket band for the Apple Watch that allows for touchless control of multiple Apple products. We’re seeing considerable interest in the Mudra Band, and during 2023 we commenced shipment of our first manufacturing batch to preorder customers. We continue to receive orders for the product and have seen demonstrated interest at leading trade shows like CES and MWC, where this technology has been documented and recognized as a leading innovation in the tech field. We’re intently focused on increasing our production capacity to meet anticipated demand for the Mudra Band, and we look forward to the continued innovation of this product as our technology and capabilities improve.”

Mr. Dahan concluded, “We have a comprehensive strategy with innovative B2B and B2C offerings to maximize our presence in what we believe to be a market that is poised for tremendous growth. We are very encouraged by the progress that we made in 2023 and believe that Wearable Devices is positioned for a transformative year in 2024 as we continue to invest in our operations, bring innovative products to market, and showcase the breadth and depth of our technology.”

2023 and Recent Business Highlights

Signed collaboration agreement with Qualcomm to elevate XR experiences with Mudra neural technology
Showcased neural input technology at leading industry conferences, including CES 2024, MWC 2024, SPIE AR VR MR 2024, Tiny ML Summit 2023, and XR Fair Tokyo 2023
Opened new U.S.-based office in Silicon Valley to expand the Company’s presence and foster relationships in the tech and wearables markets
Released MDK for B2B customers allowing OEMs to create a user interface specifically tailored to their operational needs
Successfully delivered first manufacturing batch of the Mudra Band for Apple Watch
Filed patent application with the U.S. Patent and Trademark Office for touchless pinch-to-zoom technology for augmented and virtual reality
Expanded marketing and sales effort with the launch of new Mudra Band website
Completed first stage of deployment testing for a leading XR glasses OEM, satisfying criteria outlined in memorandum of understanding
Introduced revolutionary spatial depth control allowing for depth navigation that adds another dimension to user interaction
Received purchase order from a leading Japanese industrial automation company for the MDK
Joined Open XR and Kronos Group as a voting member to help influence and drive industry growth

Full Year 2023 Financial Highlights:

Research and Development Expenses: Research and development expenses increased 46% to $3.3 million in the full year of 2023 compared to the full year of 2022 as the Company continued to focus on creating disruptive, industry leading technology that leverages AI and proprietary algorithms, software and hardware.
Sales and Marketing Expenses: Sales and marketing expenses increased 47% to $2.0 million in the full year of 2023 compared to the full year of 2022 related to the Company driving awareness of its technology and products across various channels including participation at multiple leading industry conferences.
Net Loss: Net loss increased to $(7.8 million), or $(0.48) per diluted share, for the year ended December 31, 2023, as compared to a net loss of $(6.5 million), or $(0.53) per diluted share, for the year ended December 31, 2022.
Cash Position: Cash and Deposits at December 31, 2023 were $4.9 million.
Inventory: Inventory significantly increased to $1.0 million the end of 2023, as part of the completion of the transition phase from R&D to production and to serve our planned B2C business growth in 2024.

For further details on the Company’s financial results for the year ended December 31, 2023, please refer to the company’s annual report on Form 20-F which is being filed with the SEC today.

Wearable Devices Signs Reseller Agreement to Scale its Licensing Program Reach to Enterprises in South Korea and China

YOKNE’AM ILLIT, Israel, April 01, 2024 (GLOBE NEWSWIRE) — Wearable Devices Ltd.(Nasdaq: WLDS, WLDSW) (“Wearable Devices” or the “Company”), a technology growth company specializing in artificial intelligence (“AI”)-powered touchless sensing wearables, is pleased to announce the signing of a reseller agreement with WisePlus, a premier provider of device software solutions. This collaboration aims to scale the Company’s licensing program reach by enabling local, on-site support and customization for enterprises in the markets of South Korea and China, tapping into WisePlus’ extensive network and expertise in these regions.

Under the terms of the agreement, WisePlus will serve as the official regional reseller of Wearable Devices’ Mudra Technology, allowing WisePlus to demo, negotiate, customize and resell the Company’s Mudra Developer Kit (“MDK”), which is a comprehensive toolset designed to revolutionize the development and integration on Wearable Devices’ neural input technology into solutions, products and services across multiple industries and verticals.

This partnership will leverage WisePlus’ presence and deep market knowledge in South Korea and China, providing fast local access and support to enterprise customers in these areas.

The MDK is designed to empower original equipment manufacturers (“OEMs”) and developers with the ability to create custom gestures and use existing signals to monitor and analyze user behavior. This opens up new product and license opportunities across various market segments, from extended reality (“XR”) and smartwatches to Industry 4.0 and beyond.

“We are very excited to collaborate with Wearable Devices and bring our support, technology and business expertise to promote and create additional demand to the APAC ecosystem,” said Bob Kim, Chief Executive Officer of WisePlus. “The Mudra technology has the needed innovation and product fit to revolutionize the XR-market massive adoption in the near future,” added Mr. Kim.

Asher Dahan, Chief Executive Officer of Wearable Devices, said: “We are delighted to announce our partnership with WisePlus as our chosen added value reseller in the region. With a proven track record of success in the APAC markets, WisePlus brings invaluable insights and strategic guidance to our collaboration. Their proficiency in providing tailored technology driven solutions, seamless integration, and exceptional customer service perfectly aligns with our vision and objectives. With a focus on customization and integration, we are confident that this partnership will empower us to deliver unparalleled user-experiences”.

The MDK is available for value-added resellers , distributors, OEMs, and other partners now also through WisePlus. It provides a comprehensive software development kit including multiple Mudra wristband devices and advanced software tools for programming a vast array of gestures into digital actions on both Android and iOS platforms. The MDK package supports Bluetooth communication, is HID-compatible, and employs deep learning algorithms to translate discreet, intuitive gestures into commands for a wide range of applications and devices.

For more information on the Mudra Developer Kit, please visit Wearable Devices: https://www.wearabledevices.co.il/mdk

About WisePlus

WisePlus is a pioneering technology firm specializing in advanced embedded system software and on-device AI solutions. Its core expertise lies in developing high-performance, intelligent software that operates seamlessly on a wide array of devices. By integrating cutting-edge artificial intelligence directly onto devices, WisePlus enables smarter, more efficient, and autonomous operations across various applications, from IoT devices to industrial machinery. WisePlus’ commitment is to revolutionize how devices operate, offering enhanced decision-making capabilities and improved user experiences without the need for constant cloud connectivity. Led by Chief Executive Officer Bob Kim, WisePlus is dedicated to pushing the boundaries of what’s possible within the digital domain, fostering innovation that drives the future of technology.

Wearable Devices Teams up with Qualcomm to Elevate Extended Reality Experience

This Collaboration Aims to Transform XR Industry Using the Mudra’s Touchless Control Technology

YOKNEAM ILLIT, ISRAEL, Feb. 28, 2024 (GLOBE NEWSWIRE) — Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in artificial intelligence (“AI”)-powered touchless sensing wearables, today announced a collaboration agreement with Qualcomm Technologies, Inc. This collaboration will help those looking to use Wearable Devices’ innovative Mudra technology when developing products using the Qualcomm Snapdragon Spaces™ XR Developer Platform, redefining interaction in augmented reality (“AR”) and virtual reality (“VR”) environments.

The Mudra technology, known for its touchless control capabilities, has been optimized to work with Snapdragon Spaces, enhancing the user experience with intuitive, gesture-based interactions. This collaborative approach aims to showcase the innovative potential of combining Mudra’s touchless control technology with Snapdragon Spaces, setting a new standard for immersive digital experiences.

“Partnering with Qualcomm Technologies marks a significant milestone in our journey to revolutionize the XR industry,” said Offir Remez, Executive Vice President of Business Development at Wearable Devices. “The integration of our cutting-edge Mudra technology with Snapdragon Spaces is enhancing the XR experience and reimagining how we interact with digital worlds. Together, we’re paving the way for a future where seamless, intuitive gestures bring us closer to technology, making immersive environments more accessible and engaging than ever before,” added Mr. Remez

Fortune 500 Consumer Electronics Corporation Has Purchased an Evaluation License for Wearable Devices’ MDK

The companies will explore together with the Fortune 500 company’s AI division different use cases of Mudra neural AI controller

YOKNEAM ILLIT, ISRAEL, July 09, 2024 (GLOBE NEWSWIRE) — Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in artificial intelligence (“AI”)-powered touchless sensing wearables, announced today that a Fortune 500 consumer electronics corporation (“Customer”) has purchased a special license for its state-of-the-art Mudra Development Kit (“MDK”) to evaluate certain deep-level capabilities.

The MDK enables developers to create unique experiences with the Mudra Band and Mudra Application Programming Interface. This powerful toolset will enable the Customer’s development team to seamlessly integrate advanced functionalities into their upcoming products, enhancing user experience through innovative gesture control technology.

The Customer, ranked among the Fortune 500 companies, is renowned for its cutting-edge technology and high-quality consumer electronics products, which include smartphones, televisions, home appliances, and more. With a strong global presence and a reputation for innovation, this company is ideally positioned to leverage the capabilities of the MDK for developing next-generation user interfaces.

Asher Dahan, Chief Executive Officer of Wearable Devices, commented, “We are excited to see our Mudra technology gaining recognition by a prominent player in the consumer electronics market. This special license to evaluate possible deep-level integration marks a significant step forward for us, as it demonstrates the growing recognition of our technology’s potential to revolutionize user interactions, particularly in applications such as extended reality (XR), televisions, 3D displays, and laptops. We look forward to seeing the innovative applications and products that will emerge from this collaboration.”

The MDK is designed to provide developers with the tools needed to implement sophisticated gesture control features in their applications. By leveraging Wearable Devices’advanced neural input technology, developers can create intuitive and responsive user interfaces that enhance the overall user experience.

NEWS

MANAGEMENT

Asher Dahan

CEO & Co-Founder Director

Project execution expert. Talent in business leading and strategic planning. Manager and team leader. High expertise in major corporate decisions, experience managing the overall operations and resources of the Company.

Guy Wagner

Company President & Chief Scientist, Co-Founder Director

Hardware expert and main inventor. Multi- disciplinary expertise in board design, biomedical signal processing, embedded programming and sensor design.

Leeor Langer

CTO & Co-Founder

Algorithms expert. Machine learning, and signal / image processing developer. Lead algorithms engineer in industry and academia. Wrote several papers and articles.

SINCERELY,

DISCLAIMER

THIS WEBSITE/NEWSLETTER IS OWNED SUBSIDIARY BY DEDICATED INVESTORS, LLC.

OUR REPORTS/RELEASES ARE A COMMERCIAL ADVERTISEMENT AND ARE FOR GENERAL INFORMATION PURPOSES ONLY. WE ARE ENGAGED IN THE BUSINESS OF MARKETING AND ADVERTISING COMPANIES FOR MONETARY COMPENSATION. WE HAVE BEEN COMPENSATED A FEE OF TEN THOUSAND USD BY SHORE THING MEDIA LLC FOR A ONE DAY WLDS AWARENESS CAMPAIGN. NEVER INVEST IN ANY STOCK FEATURED ON OUR SITE OR EMAILS UNLESS YOU CAN AFFORD TO LOSE YOUR ENTIRE INVESTMENT. THE DISCLAIMER IS TO BE READ AND FULLY UNDERSTOOD BEFORE USING OUR SERVICES, JOINING OUR SITE OR OUR EMAIL/BLOG LIST AS WELL AS ANY SOCIAL NETWORKING PLATFORMS WE MAY USE.PLEASE NOTE WELL: DEDICATED INVESTORS LLC AND ITS EMPLOYEES ARE NOT A REGISTERED INVESTMENT ADVISOR, BROKER DEALER OR A MEMBER OF ANY ASSOCIATION FOR OTHER RESEARCH PROVIDERS IN ANY JURISDICTION WHATSOEVER.RELEASE OF LIABILITY: THROUGH USE OF THIS WEBSITE VIEWING OR USING YOU AGREE TO HOLD DEDICATED INVESTORS LLC, ITS OPERATORS OWNERS AND EMPLOYEES HARMLESS AND TO COMPLETELY RELEASE THEM FROM ANY AND ALL LIABILITY DUE TO ANY AND ALL LOSS (MONETARY OR OTHERWISE), DAMAGE (MONETARY OR OTHERWISE), OR INJURY (MONETARY OR OTHERWISE) THAT YOU MAY INCUR. THE INFORMATION CONTAINED HEREIN IS BASED ON SOURCES WHICH WE BELIEVE TO BE RELIABLE BUT IS NOT GUARANTEED BY US AS BEING ACCURATE AND DOES NOT PURPORT TO BE A COMPLETE STATEMENT OR SUMMARY OF THE AVAILABLE DATA. DEDICATED INVESTORS LLC ENCOURAGES READERS AND INVESTORS TO SUPPLEMENT THE INFORMATION IN THESE REPORTS WITH INDEPENDENT RESEARCH AND OTHER PROFESSIONAL ADVICE. ALL INFORMATION ON FEATURED COMPANIES IS PROVIDED BY THE COMPANIES PROFILED, OR IS AVAILABLE FROM PUBLIC SOURCES AND DEDICATED INVESTORS LLC MAKES NO REPRESENTATIONS, WARRANTIES OR GUARANTEES AS TO THE ACCURACY OR COMPLETENESS OF THE DISCLOSURE BY THE PROFILED COMPANIES. NONE OF THE MATERIALS OR ADVERTISEMENTS HEREIN CONSTITUTE OFFERS OR SOLICITATIONS TO PURCHASE OR SELL SECURITIES OF THE COMPANIES PROFILED HEREIN AND ANY DECISION TO INVEST IN ANY SUCH COMPANY OR OTHER FINANCIAL DECISIONS SHOULD NOT BE MADE BASED UPON THE INFORMATION PROVIDED HEREIN. INSTEAD DEDICATED INVESTORS LLC STRONGLY URGES YOU CONDUCT A COMPLETE AND INDEPENDENT INVESTIGATION OF THE RESPECTIVE COMPANIES AND CONSIDERATION OF ALL PERTINENT RISKS. READERS ARE ADVISED TO REVIEW SEC PERIODIC REPORTS: FORMS 10-Q, 10K, FORM 8-K, INSIDER REPORTS, FORMS 3, 4, 5 SCHEDULE 13D.DEDICATED INVESTORS LLC IS COMPLIANT WITH THE CAN SPAM ACT OF 2003. DEDICATED INVESTORS LLC DOES NOT OFFER SUCH ADVICE OR ANALYSIS, AND DEDICATED INVESTORS LLC FURTHER URGES YOU TO CONSULT YOUR OWN INDEPENDENT TAX, BUSINESS, FINANCIAL AND INVESTMENT ADVISORS. INVESTING IN MICRO-CAP AND GROWTH SECURITIES IS HIGHLY SPECULATIVE AND CARRIES AND EXTREMELY HIGH DEGREE OF RISK. IT IS POSSIBLE THAT AN INVESTORS INVESTMENT MAY BE LOST OR IMPAIRED DUE TO THE SPECULATIVE NATURE OF THE COMPANIES PROFILED.THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 PROVIDES INVESTORS A SAFE HARBOR IN REGARD TO FORWARD-LOOKING STATEMENTS. ANY STATEMENTS THAT EXPRESS OR INVOLVE DISCUSSIONS WITH RESPECT TO PREDICTIONS, EXPECTATIONS, BELIEFS, PLANS, PROJECTIONS, OBJECTIVES, GOALS, ASSUMPTIONS OR FUTURE EVENTS OR PERFORMANCE ARE NOT STATEMENTS OF HISTORICAL FACT MAY BE FORWARD LOOKING STATEMENTS. FORWARD LOOKING STATEMENTS ARE BASED ON EXPECTATIONS, ESTIMATES, AND PROJECTIONS AT THE TIME THE STATEMENTS ARE MADE THAT INVOLVE A NUMBER OF RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS OR EVENTS TO DIFFER MATERIALLY FROM THOSE PRESENTLY ANTICIPATED. FORWARD LOOKING STATEMENTS IN THIS ACTION MAY BE IDENTIFIED THROUGH USE OF WORDS SUCH AS PROJECTS, FORESEE, EXPECTS, WILL, ANTICIPATES, ESTIMATES, BELIEVES, UNDERSTANDS, OR THAT BY STATEMENTS INDICATING CERTAIN ACTIONS & QUOTE; MAY, COULD, OR MIGHT OCCUR. UNDERSTAND THERE IS NO GUARANTEE PAST PERFORMANCE WILL BE INDICATIVE OF FUTURE RESULTS. IN PREPARING THIS PUBLICATION, DEDICATED INVESTORS LLC HAS RELIED UPON INFORMATION SUPPLIED BY ITS CUSTOMERS, PUBLICLY AVAILABLE INFORMATION AND PRESS RELEASES WHICH IT BELIEVES TO BE RELIABLE; HOWEVER, SUCH RELIABILITY CANNOT BE GUARANTEED. INVESTORS SHOULD NOT RELY ON THE INFORMATION CONTAINED IN THIS WEBSITE. RATHER, INVESTORS SHOULD USE THE INFORMATION CONTAINED IN THIS WEBSITE AS A STARTING POINT FOR DOING ADDITIONAL INDEPENDENT RESEARCH ON THE FEATURED COMPANIES. THE ADVERTISEMENTS IN THIS WEBSITE ARE BELIEVED TO BE RELIABLE, HOWEVER, DEDICATED INVESTORS LLC AND ITS OWNERS, AFFILIATES, SUBSIDIARIES, OFFICERS, DIRECTORS, REPRESENTATIVES AND AGENTS DISCLAIM ANY LIABILITY AS TO THE COMPLETENESS OR ACCURACY OF THE INFORMATION CONTAINED IN ANY ADVERTISEMENT AND FOR ANY OMISSIONS OF MATERIALS FACTS FROM SUCH ADVERTISEMENT. DEDICATED INVESTORS LLC IS NOT RESPONSIBLE FOR ANY CLAIMS MADE BY THE COMPANIES ADVERTISED HEREIN, NOR IS DEDICATED INVESTORS LLC RESPONSIBLE FOR ANY OTHER PROMOTIONAL FIRM, ITS PROGRAM OR ITS STRUCTURE. DEDICATED INVESTORS LLC IS NOT AFFILIATED WITH ANY EXCHANGE, ELECTRONIC QUOTATION SYSTEM, THE SECURITIES EXCHANGE COMMISSION OR FINRA.