Attendees of AWE 2024 can book appointments to experience a live demonstration of the integrated technology at the Qualcomm AWE booth

YOKNEAM ILLIT, ISRAEL, June 17, 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, is excited to announce the showcase of its latest capabilities in Extended Reality (XR) integration in collaboration with Qualcomm Technologies at the Augmented World Expo (AWE) 2024. This partnership demonstrates the synergy between Wearable Devices' innovative wearable solutions and Qualcomm's state-of-the-art XR technology, promising to revolutionize the immersive experience for consumers and enterprises alike. AWE 2024 will take place on June 18-20, 2024 in Long Beach, California.

At the heart of this showcase is the seamless integration of Wearable Devices' advanced neural input technology with Qualcomm's cutting-edge XR hardware and software solutions. This collaboration, which began a few months ago, aims to enhance user interaction and engagement by leveraging the strengths of both companies in wearable tech and XR platforms.

"We are thrilled to present with Qualcomm at AWE 2024," said Asher Dahan, Chief Executive Officer of Wearable Devices. "We believe our combined efforts will lead to significant advancements in XR, allowing for more intuitive and immersive experiences. This integration is set to redefine how users interact with augmented and virtual environments."

The integration showcases how Wearable Devices' neural input technology can be utilized to provide natural and intuitive control within XR environments. By combining this technology with Qualcomm's Snapdragon™ Spaces, the collaboration demonstrates enhanced performance, paving the way for more responsive and lifelike XR applications.

Attendees of AWE 2024 will have the opportunity to experience live demonstrations of the integrated technology at Qualcomm's booth. These demonstrations will highlight various use cases, including gaming, enterprise, and applications, showcasing the versatility and potential of the combined technologies.

To book a demo please use the following link: https://share.hsforms.com/1qorpDePgQzSENX-kucPb-w2z1k6

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 the potential benefits and synergies of the collaboration and integration of platforms with Qualcomm, our ability to enhance user interaction and engagement by leveraging the strengths of both companies in wearable tech and XR platforms, and potential advancements in XR. 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, 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.

Investor Relations Contact

Walter Frank
IMS Investor Relations
203.972.9200
wearabledevices@imsinvestorrelations.com

Snapdragon and Snapdragon Spaces are trademarks or registered trademarks of Qualcomm Incorporated. Snapdragon Spaces is a product of Qualcomm Technologies, Inc. and/or its subsidiaries.