WLDS Wearable Devices Ltd

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 new user experience, feature and functionality for its Mudra Band for Apple Watch. This innovation marks a significant leap forward in how users interact with AI technology, by integrating it into daily life without the need for supplementary devices.

This development allows users to seamlessly interact with ChatGPT, OpenAI’s advanced language model, directly from their Apple Watch, using the Mudra Band, the Company’s innovative AI-powered neural input interface. With this new feature, the Mudra Band takes wearable technology to the next level by integrating gesture-based voice-activated AI assistants into the Apple Watch experience.

With a simple, predefined gesture, users can effortlessly activate the new watch face, ensuring instant and convenient access to AI assistance without touching the screen. They can then speak their queries directly to their Apple Watch, leveraging the power of ChatGPT to receive instant, intelligent responses. Whether it's checking the weather, finding information, or getting quick answers to questions, the integration brings the capabilities of ChatGPT to the user’s wrist. The responses from ChatGPT are displayed directly on the Apple Watch face, providing an easy and efficient way to access information and perform tasks on the go.

The new ChatGPT gesture feature is designed to provide users with an enhanced, hands-free experience, making it easier than ever to stay connected and informed while on the move. The Mudra Band's neural interface technology continues to push the boundaries of what's possible in the realm of wearable devices.

To watch the demo video please visit: https://youtu.be/pKgTnqlJt_M?si=4WO_mhxAgw5I1SrH

This announcement comes at a time when personal AI assistants are rapidly gaining popularity. These devices exemplify the growing trend of integrating advanced AI functionalities into everyday accessories, making technology more user-friendly.

"We are thrilled to introduce this unique feature that combines the intuitive gesture control of the Mudra Band with the powerful AI capabilities of ChatGPT," said Asher Dahan, Chief Executive Officer at Wearable Devices Ltd. "This integration represents a significant step forward in user experience design, offering a new method to interact with the growing category of personal wearable AI assistants. It enhances the way users engage with their digital devices, making technology more accessible and interactive, by leveraging AI in wearables, user experience, and large language models."

The new ChatGPT gesture control integration feature for the Mudra Band will be available in a coming Mudra Band app update.

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 transforming the way in which users interact with AI technology through integrating advanced AI functionalities into everyday accessories, advantages and benefits of combining Mudra Band’s technology for Apple Watch with ChatGPT, and the timing of the availability of the new ChatGPT gesture control integration feature for Mudra Band. 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 FrankIMS Investor Relations203.972.9200wearabledevices@imsinvestorrelations.com