- The Company unveiled the new Air-Touch innovative feature, exceedingly advantageous for the demands of spatial computing, in CES 2024 -

YOKNEAM ILLIT, ISRAEL, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the "Company" or "Wearable Devices") (Nasdaq: WLDS, WLDSW), a technology growth company specializing in AI-powered touchless sensing wearables, today announced the launch of a new revolutionary Air-Touch functionality which allows users to use the Company's Mudra Band for depth navigation, adding an extra dimension to user interactions.

Adding depth to navigation enhances user interactions by allowing more intuitive control. This is particularly useful in spatial computing applications, where perception is important in rich 3-dimensional environments. It provides a more immersive experience, enabling users to interact with 3-dimensional elements in digital space, making tasks more natural and efficient.

The new spatial depth control utilizes engineering breakthroughs in algorithms, firmware, software and user experience research, allowing users to go beyond the conventional 2D plane surface of the display and also seamlessly explore in the depth axis. This breakthrough technology opens a myriad of possibilities for a more immersive and intuitive user experience.

The Company unveiled the spatial depth control at CES 2024, where visitors to the Company's booth used the Mudra Band for Apple Watch, the Company's neural input wristband which controls Apple eco-system devices using spatial gestures, to play a slingshot type game, where users aimed at a target and moved left and right, then pulled back a virtual pouch in the depth axis thus stretching the band, and then released the pouch to hit the target with loaded ball. A video of the new feature and slingshot game can be viewed in this link:

"We are thrilled to herald a new era in spatial gestures technology by fusing motion sensors with our proprietary surface nerve conductance sensors. The ability to navigate in the depth axis opens a realm of potentialities, and is a testament of our commitment to pushing technological boundaries and delivering innovative solutions to enhance user interactions," commented Asher Dahan, Chief Executive Officer of Wearable Devices. "As we enter the new frontier of spatial computing, our Company is committed to providing the most natural and intuitive gesture control, thus confirming our Company's mission of setting the input standard for extended reality experiences."

About Wearable Devices Ltd.

Wearable Devices Ltd. is a growth company developing AI-based neural input interface technology for the business-to-consumer ("B2C") and business-to-business ("B2B") markets. The Company's flagship product, the Mudra Band for Apple Watch, integrates innovative AI-based technology and algorithms into a functional, stylish wristband that utilizes proprietary sensors to identify subtle finger and wrist movements allowing the user to "touchlessly" interact with connected devices. The Company also markets a B2B product, which utilizes the same technology and functions as the Mudra Band and is available to businesses on a licensing basis. Wearable Devices is committed to creating disruptive, industry leading technology that leverages AI and proprietary algorithms, software, and hardware to set the input standard for the extended reality, one of the most rapidly expanding landscapes in the tech industry. The Company's ordinary shares and warrants trade on the Nasdaq market under the symbol "WLDS" and "WLDSW", respectively.

Forward-Looking Statement Disclaimer
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended 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 terms such as "believe," "expect," "may," "should," "could," "seek," "intend," "plan," "goal," "estimate," "anticipate" or other comparable terms. For example, we are using forward-looking statements when we discuss the benefits, capabilities and advantages of the use of Mudra Band for depth navigation. All statements other than statements of historical facts included in this press release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely 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 the forward-looking statements include, among others, the following: our use of proceeds from the offering; the trading of our ordinary shares or warrants and the development of a liquid trading market; our ability to successfully market our products and services; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in our annual report on Form 20-F for the year ended December 31, 2022, filed on March 22, 2023 and our other filings with the SEC. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Investor Relations Contact

Walter Frank
IMS Investor Relations
203.972.9200
wearabledevices@imsinvestorrelations.com