Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (NASDAQ:WLDS, WLDSW))))), a technology growth company specializing in AI-powered touchless sensing wearables, today announced that it is engaging with several leading original equipment manufacturers (“OEMs”) for the evaluation and potential licensing of the Company’s innovative Mudra gesture technology. Upon entering into agreements with OEMs, Wearable Devices will provide the OEMs with a comprehensive suite of applications and functions that can be seamlessly controlled by gestures, allowing OEMs to experience the transformative potential of Mudra technology in real-world scenarios.
Building on the momentum of its recent licensing program launch, the Company aims to expand its market footprint by engaging with industry leaders, providing them with innovative capabilities to design and develop customizable touchless control products.
“Our focused outreach to top-tier OEMs is a key driver in achieving our B2B goals. When companies experience our technology, they are evaluating the many ways it can be incorporated into their own products and devices. These engagements are a crucial first step towards creating connections and raising market awareness that can lead to customizable product developments and commercial licensing agreements,” commented Asher Dahan, Chief Executive Officer of Wearable Devices. “We recognize the immense potential and demand for customizable touchless gesture controls in today’s rapidly evolving tech landscape, and we remain committed to providing advanced solutions that enhance the way that people interact with technology.”
The licensing program provides a royalty-based license agreement where OEMs will have the ability to customize a reference design version of the Company’s award-winning Mudra gesture technology to meet the specific needs of their business.
