Wearable Devices XR Team's Report: The Mudra Band Can Be the Neural Bridge for Apple and Meta in their Next Wave of Smart Glasses Interaction

The report notes Mark Zuckerberg addressed the Apple Vision Pro sensors saying "perfect for everything though for typing or complex tasks you're going to want things like hands or a controller or eventually a neural interface"

YOKNEAM ILLIT, ISRAEL, March 18, 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, published today a comprehensive report by its XR team reviewing the latest developments in the wearable technology market, focusing on extended reality (XR). This comprehensive report draws on extensive research into Human-Computer Interaction (HCI) to present a detailed overview of the innovative strides made by industry leaders such as Apple and Meta, as well as the pioneering role of the company’s Mudra Band in advancing smart glasses technology.

In their report, the XR team from Wearable Devices elucidates the growing dynamism and mainstream appeal of the smart glasses market, notably accelerated by the entrance of major players such as Meta and Apple. This strategic participation not only energizes the market but also serves as a dual endorsement of the underlying technology and user experience (UX).

The report puts a spotlight on the myriad methods of HCI currently revolutionizing the field of smart glasses. These range from touchless and hands-free interfaces, advanced eye-tracking, to the cutting-edge realms of neural interface wristbands and thought-based brain implants. Apple has leaned in its Spatial experience and Apple Vision Pro, towards integrating gesture cameras and sensors for pointing and eye tracking for navigation, focusing on blending advanced user experiences with accessibility and intuitiveness. On the other hand, Mark Zuckerberg and Meta are championing the cause of neural interfaces in the Meta Quest series, pushing forward the frontier of HCI with a belief in the vast potential of neural control to provide even more natural and intuitive digital interactions.

The report refers to Mark Zuckerberg recently underscoring the importance of a neural interface for face-worn devices. When reviewing the Vision Pro and similarities and differences of the Meta Quest 3 on an Instagram video, Mr. Zuckerberg addressed the Vision Pro input interface as "…not perfect for everything, though. For typing or complex tasks, you're going to want things like hands, keyboard, or a controller, or eventually a neural interface, for those kinds of inputs."

Wearable Devices’ technology and its flagship product the Mudra Band emerge as a standout innovation. The Mudra Band epitomizes the next step in HCI by offering users a gesture-based control system that leverages neural input that is already available for users worldwide.

This method allows for a level of precision and ease of use previously unattainable with other interfaces. The Mudra Band’s approach to HCI is not just about enhancing the user experience through seamless interaction; it's also about redefining the boundaries of what is possible in the realm of wearable technology. By integrating such advanced capabilities, the Mudra Band sets a new benchmark for how we can expect to interact with our smart devices, making it a pivotal tool in the ongoing evolution of smart glasses interaction led by giants like Apple and Meta.

The report elucidates the Mudra Band's UX approach and gesture set, affirming its effectiveness as the optimal standard for XR input methods and while the Vision Pro uses gaze tracking for Navigation, the gestures used for Pointing – Tap, Pinch and Drag, Pinch and flick of the wrist, are the same gestures used in the Mudra Band for Pointing. Moreover, the Mudra Band's cutting-edge neural technology is highlighted as a key enabler for the development of AR glasses that are as light and unobtrusive as conventional eyeglasses, a direction also embraced by Meta for their upcoming products.

Highlighting the immediacy and accessibility of the Mudra Band's technology, the report notes, "The Mudra Band's neural controller is available, offering users an immediate opportunity to experience the future of gesture control without waiting for Meta's market release or the significant investment associated with the Apple Vision Pro."

For the full report, visit: https://www.wearabledevices.co.il/post/best-input-method-for-smartglasses

For the Mudra Band website, visit https://www.mudra-band.com

About Wearable Devices Ltd.
Wearable Devices Ltd. is a growth company developing AI-based neural input interface technology for the B2C and 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 expected growth in the smart glasses market and the Mudra Band’s role therewith. 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, 2023, filed on March 15, 2024 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.

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