Portable Devices Ltd.
– The new user experience enables interaction with AI agents through contactless gestures, offering a seamless and innovative way to interact with AI technology.
YOKNEAM ILLIT, ISRAEL, July 15, 2024 (GLOBE NEWSWIRE) — Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in contactless sensing wearables powered by artificial intelligence (“AI”), today announced a new user experience, feature, and functionality for its Mudra Band for Apple Watch. This innovation marks a significant advancement in the way users interact with AI technology, by integrating it into daily life without the need for companion devices.
This development enables users to seamlessly interact with ChatGPT, OpenAI’s advanced language model, directly from their Apple Watch, using Mudra Band, the company’s innovative AI-powered neural input interface. With this new feature, 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, granting 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 and intelligent responses. Whether checking the weather, looking up information, or getting quick answers to questions, the integration brings ChatGPT’s capabilities to the user’s wrist. ChatGPT responses 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 give users an enhanced hands-free experience, making it easier than ever to stay connected and informed while on the move. Mudra Band’s neural interface technology continues to push the boundaries of what’s possible in the realm of wearable devices.
To view the demo video, please visit: https://youtu.be/pKgTnqlJt_M?si=4WO_mhxAgw5I1SrH
This announcement comes at a time when AI-powered personal assistants are rapidly gaining popularity. These devices exemplify the growing trend of integrating advanced AI features into everyday accessories, making the technology easier to use.
“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, CEO of Wearable Devices Ltd. “This integration represents a significant advancement in user experience design, offering a new method to interact with the growing category of wearable AI personal assistants. It improves the way users interact with their digital devices, making technology more accessible and interactive by leveraging AI in wearables, user experience and rich language models.”
The story continues
The new ChatGPT gesture control integration feature for Mudra Band will be available in an upcoming update to the Mudra Band app.
About Wearable Devices Ltd.
Wearable Devices Ltd. is a growing 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 and stylish wristband that uses proprietary sensors to identify subtle finger and wrist movements, allowing the user to interact “touchless” with connected devices. The Company also markets a B2B product, which uses the same technology and features 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 entry standard for Extended Reality, one of the fastest expanding landscapes in the technology industry. The Company’s common stock and warrants are traded on the Nasdaq Market under the symbol “WLDS” and “WLDSW,” respectively.
Disclaimer on forward-looking statements
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, which 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, generally can be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “target,” “estimate,” “anticipate” or other comparable terms. For example, we use forward-looking statements when we discuss the transformation of how users interact with AI technology by integrating advanced AI functionalities into everyday accessories, the advantages and benefits of combining the Mudra Band for Apple Watch technology with ChatGPT, and the timing of the availability of the new ChatGPT gesture control integration feature for the Mudra Band. All statements other than statements of historical fact included in this press release regarding our strategies, outlook, financial condition, operations, costs, plans and objectives are forward-looking statements. Forward-looking statements are neither historical facts nor guarantees of future performance. Instead, they are based solely 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 beyond our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Accordingly, 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, but are not limited to, the following: our use of the proceeds from the offering; the trading of our common stock or warrants and the development of a liquid trading market; our ability to successfully market our products and services; customer acceptance of our products and services; 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 telecommunications products and services; the effects of changes in the cybersecurity and telecommunications markets; our ability to successfully develop new products and services; our success in establishing and maintaining strategic alliances, licensing and supplier agreements; 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 statements, 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
portable devices@imsinvestorrelations.com
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