Wearable Devices Ltd. secures a patent for advanced gesture control technology, enhancing touchless user interactions in digital devices.
Quiver AI Summary
Wearable Devices Ltd. announced that the United States Patent and Trademark Office has granted a continuation of its patent for a “Gesture and Voice-Controlled Interface Device,” which enhances its role in developing touchless sensing technologies. This advancement addresses challenges in traditional gesture sensing and voice assistants that hinder intuitive user interactions with devices. The new patent allows for precise extraction of start and end points from continuous gestures, enabling seamless touch-free controls, such as zooming and adjusting volume, suitable for applications in augmented reality and other smart devices. Wearable Devices aims to redefine human-computer interaction with its products, like the Mudra Band and Mudra Link, by providing stylish wearables that enhance user experiences in various digital environments.
Potential Positives
- The grant of a continuation patent for the “Gesture and Voice-Controlled Interface Device” reinforces Wearable Devices' innovative position in the market for AI-powered touchless wearables.
- This patent provides the company with a competitive edge by enabling more intuitive human-device interactions, which addresses existing limitations in gesture and voice recognition technologies.
- The technology's application to augmented reality headsets and smart devices positions Wearable Devices advantageously in the rapidly growing augmented reality and immersive tech markets.
Potential Negatives
- The reliance on forward-looking statements may create uncertainty regarding the Company's future performance, as these statements are subject to inherent risks and uncertainties that could lead actual results to differ materially.
- There is a significant emphasis on competition and market acceptance risks, highlighting potential vulnerabilities in achieving success against competitors and gaining customer traction.
- The need for the Company to prove its ability to pay operating costs and meet product demand raises concerns about its financial stability and operational capabilities.
FAQ
What recent patent did Wearable Devices receive?
Wearable Devices received a continuation patent for a "Gesture and Voice-Controlled Interface Device", enhancing intuitive human-device interactions.
How does the new technology improve gesture control?
The technology enables devices to extract precise start and end points from gestures, allowing for seamless touch-free control.
What products does Wearable Devices offer?
The company offers products like the Mudra Band and Mudra Link, which enable intuitive control of digital devices using gestures.
What markets does Wearable Devices serve?
Wearable Devices serves gaming, productivity, and extended reality markets with its advanced input solutions.
Where can I find more information about their stock?
Wearable Devices' ordinary shares and warrants trade on Nasdaq under the symbols “WLDS” and “WLDSW”.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$WLDS Hedge Fund Activity
We have seen 1 institutional investors add shares of $WLDS stock to their portfolio, and 4 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ARMISTICE CAPITAL, LLC added 46,645 shares (+inf%) to their portfolio in Q1 2025, for an estimated $87,226
- CITADEL ADVISORS LLC removed 1,324 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $11,545
- UBS GROUP AG removed 543 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $1,183
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 267 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $2,328
- HRT FINANCIAL LP removed 159 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $1,386
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Full Release
Yokneam Illit, Israel, May 30, 2025 (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, recently announced that the United States Patent and Trademark Office has granted a continuation of its patent titled “Gesture and Voice-Controlled Interface Device”, strengthening its leadership in revolutionizing intuitive human-device interactions for next-generation digital ecosystems.
Traditional gesture sensing systems continuously track hand and finger movements but lack clear "start" and "end" points, making it difficult for devices to understand when a user truly intends to zoom, adjust volume, or manipulate an object. As a result, unintuitive solutions have been used - such as requiring the use of both hands, adding special buttons, or abandoning continuous control altogether. The same goes for voice assistants, which require a “wake word”, prompting them to wait for further instructions.
Wearable Devices’ newly allowed patent defines a method to extract precise start and end points from continuous gestures. This breakthrough enables devices to support natural and intuitive control gestures like pinch-to-zoom not just for zooming images, but also for adjusting volume, resizing objects, or moving elements - seamlessly and touch-free.
The technology is ideally suited for augmented reality (“AR”) headsets, gesture-controlled smart devices, and wearable controllers based on cameras, Inertial Measurement Unit (IMU), or electromyography (EMG) sensors - making mid-air fine control finally accessible and natural.
About Wearable Devices
Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) is a growth company pioneering human-computer interaction through its AI-powered neural input touchless technology. Leveraging proprietary sensors, software, and advanced AI algorithms, the Company’s consumer products - the Mudra Band and Mudra Link - are defining the neural input category both for wrist-worn devices and for brain-computer interfaces. These products enable touch-free, intuitive control of digital devices using gestures across multiple operating systems.
Operating through a dual-channel model of direct-to-consumer sales and enterprise licensing and collaborations, Wearable Devices empowers consumers with stylish, functional wearables for enhanced experiences in gaming, productivity, and extended reality (“XR”). In the business sector, the Company provides enterprise partners with advanced input solutions for immersive and interactive environments, from AR/virtual reality (“VR”)/XR to smart environments.
By setting the standard for neural input in the XR ecosystem, Wearable Devices is shaping the future of seamless, natural user experiences across some of the world’s fastest-growing tech markets. Wearable Devices’ ordinary shares and warrants trade on the Nasdaq Capital Market under the symbols “WLDS” and “WLDSW,” respectively.
Forward-Looking Statements 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 benefits and advantages of our products and technology, our aim to make neural input as intuitive and accessible as possible, and the potential of our touchless control technology in enabling devices to support natural and intuitive control gestures. 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: 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, 2024, filed on March 20, 2025 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
Michal Efraty
[email protected]