Wearable Devices Joins Khronos Group As A Voting Right Member To Help Drive The OpenXR Industry Standard

Wearable Devices’ Co-Founder: “We’re excited to join Khronos Group and help define the future of the OpenXR Standards”

YOKNEAM ILLIT, ISRAEL, Oct. 16, 2023 (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 that the Company has joined Khronos Group’s OpenXR working group as a member with voting rights. OpenXR seeks to simplify alternate reality/virtual reality (“AR/VR”) software development and enable applications to reach a wider array of hardware platforms without having to port or rewrite code. OpenXR allows AR/VR developers to create true cross-platform extended reality (“XR”) experiences and provides vendors supporting OpenXR with access to more applications than ever before.

Guy Wagner, Chief Scientist Officer and Co-Founder of Wearable Devices, commented, “We’re excited to join Khronos Group’s OpenXR working group and contribute to the development of true cross-platform XR applications alongside industry leaders. XR is rapidly gaining popularity in the tech industry, and Wearable Devices is uniquely positioned with our technology to define the input standard for spatial computing and extended reality devices. We look forward to contributing to the OpenXR platform and broadening the scope and capabilities of extended reality experiences.”

“We’re pleased to have Wearable Devices join the OpenXR working group,” said Khronos Group President Neil Trevett. “Their work in the wearable digital device control space has numerous applications directly related to the extended reality ecosystem and we look forward to their contributions as we work to simplify AR/VR development and increase the accessibility of XR applications for everyone.”

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 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.