Wearable Devices Signs an Agreement with Qualcomm to Collaborate in Elevating XR Experiences with Mudra Neural Technology

This Collaboration Aims to Transform XR Industry with Touchless Control

YOKNEAM ILLIT, ISRAEL, Feb. 12, 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 collaboration marks a significant step towards the future of immersive digital experiences.

"Our collaboration with Qualcomm Technologies team is a testament to our commitment to innovation in wearable technology," said Offir Remez, Executive Vice President of Business Development at Wearable Devices. "By optimizing Mudra with Snapdragon Spaces, we are setting a new standard for user interfaces in the XR space. This is a game-changer for the industry."

Wearable Devices is poised to redefine user interaction in AR and VR environments, combining the best of touchless control technology with state-of-the-art XR chipsets. “This experience model underscores the confidence in the product's market potential and commercial need, and reflects the commitment of both Wearable Devices and Qualcomm Technologies to drive forward technological innovation and growth in the XR and wearable domain,” stated Mr. Remez.

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.