Wearable Devices Joins Khronos Group As A Voting Right Member To Help Drive The OpenXR Industry Standard
16 10월 2023 - 9:50PM
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 that the Company has joined
Khronos
® Group’s OpenXR™ working group as a member
with voting rights. OpenXR seeks to simplify alternate
reality/virtual reality (“AR/VR”) software development and enable
applications to reach a wider array of hardware platforms without
having to port or rewrite code. OpenXR allows AR/VR developers to
create true cross-platform extended reality (“XR”) experiences and
provides vendors supporting OpenXR with access to more applications
than ever before.
Guy Wagner, Chief Scientist Officer and Co-Founder of Wearable
Devices, commented, “We’re excited to join Khronos Group’s OpenXR
working group and contribute to the development of true
cross-platform XR applications alongside industry leaders. XR is
rapidly gaining popularity in the tech industry, and Wearable
Devices is uniquely positioned with our technology to define the
input standard for spatial computing and extended reality devices.
We look forward to contributing to the OpenXR platform and
broadening the scope and capabilities of extended reality
experiences.”
“We’re pleased to have Wearable Devices join the OpenXR working
group,” said Khronos Group President Neil Trevett. “Their work in
the wearable digital device control space has numerous applications
directly related to the extended reality ecosystem and we look
forward to their contributions as we work to simplify AR/VR
development and increase the accessibility of XR applications for
everyone.”
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, the Mudra Inspire, 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 our contribution to the
OpenXR platform, broadening of the scope and capabilities of
extended reality experiences and the development of true
cross-platform XR applications, and our unique position to define
the input standard for spatial computing and extended reality
devices.. 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, 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.
About Khronos Group:
The Khronos Group is an open, non-profit, member-driven
consortium of close to 200 industry-leading companies creating
advanced, royalty-free, interoperability standards for 3D graphics,
metaverse, augmented and virtual reality, parallel programming,
vision acceleration and machine learning. Khronos activities
include 3D Commerce™, ANARI™, glTF™, Kamaros™, NNEF™, OpenCL™,
OpenGL®, OpenGL® ES, OpenVG™, OpenVX™, OpenXR™, SPIR-V™, SPIR-V™,
SYCL™, Vulkan®, and WebGL™. Khronos members drive the development
and evolution of Khronos specifications and are able to accelerate
the delivery of cutting-edge platforms and applications through
early access to specification drafts and conformance tests.
Investor Relations Contact
Walter FrankIMS Investor
Relations203.972.9200wearabledevices@imsinvestorrelations.com
Wearable Devices (NASDAQ:WLDS)
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Wearable Devices (NASDAQ:WLDS)
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