The Company's Mudra Band offers hands free interactions, seamless toggle and switch across devices, and is perfectly positioned as input solution for AR, VR and MR experiences
YOKNEAM ILLIT, ISRAEL, June 05, 2023 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) (“Wearable Devices” or the “Company”), a technology growth company developing AI-powered touchless sensing wearables, today announced the release of a comprehensive white paper titled "Designing a Neural Input Wristband for Extended Reality Experiences." The white paper provides a thorough analysis of the technologies, market needs, and product aspects involved in developing a mass-market neural input wrist-worn wearable with applications for extended reality (XR).
The white paper details the simple, natural, and intuitive input need for XR that includes a low cognitive load and a graphical user interface that supports spatial body postures and hands-free interactions. The paper also explores a new framework for classifying human-computer interaction, which prioritizes the user experience rather than the classic device type approach, emphasizing the importance of introducing intent and neural-focused commands over touch and muscle-based interactions.
Additionally, the paper offers six specification parameters for the development of neural input solution technology that will be integrated into augmented reality (AR), virtual reality (VR) and mixed reality (MR) devices. These six parameters are:
- Reach: determine the effective user base so that the device works properly straight out of the box;
- Accuracy: the ability to recognize and interpret user inputs, and prevent false activations;
- Latency: measurement of the time delay between user input and controlled device response;
- MAC: standing for the total multiply and accumulate represents operations, which is an essential metric for running artificial intelligence (AI) neural networks on a low-compute wearable central processing unit (CPU);
- Number of electrodes: provide the ability to distinguish various nerve bundle biopotential signals from the wrist;
- Band dimensions and form factor: the wrist is an accustomed location for wearing a watch, making a watch band attachment a natural extension for wearable accessories.
"Our white paper demonstrates the groundbreaking nature of a neural interface and its pivotal role in XR adoption by offering users a touchless and hands-free method to input spatial commands in a discreet, natural and intuitive way,” commented Leeor Langer, Co-Founder and Chief Technology Officer of Wearable Devices. “The Mudra Band for Apple Watch, our flagship neural input solution, and our overall Mudra technology offers touchless interactions and seamless toggle and switch across devices and is perfectly positioned as the input solution for AR, VR and XR experiences, and we believe that our technology is shaping the landscape for XR input and interaction.”
The full white paper titled, "Developing a Neural Input Wristband for Extended Reality" is available for download from the Wearable Devices Ltd. website at www.wearabledevices.co.il/whitepaper. For further information about Mudra Band, please 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, the Mudra Inspire, 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 Metaverse, one of the most rapidly expanding landscapes in the tech industry. The Company’s common stock trades on the Nasdaq market under the symbol “WLDS”. For more information, please visit https://www.wearabledevices.co.il/.
Contact Wearable Devices: https://www.wearabledevices.co.il/contact
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 advantages and benefits of our Mudra Band and our Mudra technology and our belief that our technology is shaping the landscape for XR input and interaction. 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 with the SEC 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.
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