Wearable Devices Introduces AI-Based Gesture Recognition Algorithm that is Optimized for User-Inclusive Accuracy for Apple Devices
14 November 2023 - 2:30PM
Wearable Devices Ltd. (the “Company” or “Wearable Devices”)
(Nasdaq: WLDS, WLDSW), a pioneering tech firm specializing in
AI-powered touchless sensing wearables, today announced that its
gesture recognition algorithm has passed accuracy performance
testing on a carefully curated custom dataset for finger movement
recognition based on first-time usage. The AI-based system is
designed to produce models that address the three essential user
experience requirements of accuracy, false positive recognition,
and responsiveness.
The algorithm is universally compatible with the leading mobile
operating systems. This includes support for TensorFlow Lite
(tf-lite), a deep-learning framework for on-device inference, and
Core ML, which facilitates the seamless integration of machine
learning models into Apple devices. Versions based on TensorFlow
Lite Micro are also available for embedded applications.
Leeor Langer, Chief Technology Officer and Co-Founder of
Wearable Devices, commented, “We are pleased to surpass the
1,000-user test benchmark for our innovative gesture recognition
algorithm, and are eagerly setting our sights on the next milestone
of 10,000 users. Traditional input methods like the mouse and
keyboard, while accurate and fast, lack mobility and hands-free
operation, making them ill-suited for extended reality (XR)
applications. Optical-based gesture recognition offers some
mobility but has its limitations. Our AI-based algorithm
circumvents these challenges, eliminating the need for cumbersome
devices and field-of-view constraints. Combined with inertial
measurement unit (IMU)-based air mouse solutions and biopotentials,
we believe that we are building a superior system that optimizes
the user experience for our products.”
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 DisclaimerThis 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 for wider
deployment of the Mudra Band and future user milestones, as well as
optimization of the user experience. 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, 2022, filed on March 22, 2023 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
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