Wearable Devices Ltd. (NASDAQ: WLDS) Lunch Update: Up 7.7% and Looking Strong on Great News This Morning

[Wearable Devices Unveils the Revolutionary Mudra LINK: The First AI Neural Interface Wristband for Android and Beyond]( FDR Member, Back to back winners - WLDS is on the move as we approach the lunch hour! Up 7.7% on great news this morning. Link above in header! Keep an eye on this one today! Wearable Devices Ltd. (NASDAQ: WLDS) exemplifies precisely that. We've covered this company before, highlighting its game-changing wearables technology that has already captured the eyes of global brands like Apple (NASDAQ; AAPL), Qualcomm (NASDAQ: QCOM), Meta (NASDAQ; META), and others. That should come as no surprise. [WLDS Unveils Innovative ChatGPT Gestures Interaction for Apple Watch Using Mudra Band, Enhancing AI Integration](  Blazing a trail...  Wearables Devices Ltd. is blazing a new trail in wearables technology by creating a platform that can naturally and intuitively transform thoughts and intentions into digital actions, presenting users with a world in which their hand becomes a universal input device for touchlessly interacting with technology. It's beyond innovative; it's transformative. And with investor and potential partner-company eyes continuing to focus on this company, the over 32% increase in share price since May 1st, 2024 could be the precursor to a much more appreciable rally.  Frankly, with WLDS positioned better financially and operationally than when its shares touched $0.80 in March, tracking higher from current levels may be the path of least resistance. We don't make that bullish assessment lightly. It's presented made knowing that these major companies already working with WLDS validate Human-Computer Interaction (HCI) and, by default, much of Wearable Device Ltd. Technology.  The even better news is that sub-dollar-priced WLDS is actually pioneering the space, led by Mudra Band and the advantages offered in its smart glasses and touchless technology. Speaking of the company's flagship Mudra Band,it's being described as a "standout innovation" for epitomizing the next step in HCI by offering users a gesture-based control system that uniquely leverages neural input. Leveraging that position is a huge value driver.  Exploiting a massive market...  The smart glasses and smart wearables market is expected to surpass $205 billion by 2029. And despite its microcap size, WLDS is emerging as a top player to capitalize on that revenue-generating opportunity, with already marketed products and technology that could incite a potentially enormous growth spurt by contributing to the value proposition of others, including some of the world's largest companies. That's a massive win-win proposition.  Here's an example that highlights what's ultra cool about WLDS technology: A significant break from the usual, WLDS's flagship Mudra Band for Apple Watch is a stylish, AI-empowered wearable that integrates form with function by integrating innovative AI-based technology and algorithms into a stylish wristband that utilizes proprietary sensors to identify subtle finger and wrist movements. The best part is that WLDS technology allows users to "touchlessly" interact with connected devices. This revolutionary distinction serves increasing consumer market demand while also putting many millions of potential revenues in play, especially with its AAPL relationship.  That's just one revenue stream in play. Wearable Devices Ltd. markets a B2B product utilizing the same technology and functions as the Mudra Band and makes it available to businesses on a licensing basis. They have announced partnerships to do just that, including with WisePlus, a premier provider of device software solutions in South Korea and China.  Slew of value drivers...  Expectations are that many more will follow that lead to join the reseller program, especially with Wearable Devices offering them a chance to market a unique, disruptive, industry-leading technology that is setting a new benchmark standard for the Extended Reality space, one of the fastest-growing landscapes in the tech industry. A series of company updates indicate that WLDS is wasting no time delivering on its growth intentions. (Read more about these in the "Sources" section at the end of this feature):  On July 09th, Wearable Devices announced that a Fortune 500 consumer electronics corporation had purchased a special license for its state-of-the-art Mudra Development Kit (MDK) to evaluate certain deep-level capabilities. The MDK enables developers to create unique experiences with the Mudra Band and Mudra Application Programming Interface, a toolset enabling the customer's development team to seamlessly integrate advanced functionalities into their upcoming products, enhancing user experience through innovative gesture control technology.  On July 01st, Wearable Devices announced the successful completion of its first integration phase with Qualcomm's Snapdragon Spaces™, an extended reality (XR) Developer Platform. This milestone follows the collaboration agreement announced earlier this year, marking a significant moment in the XR industry through innovative gesture-based control. The successful completion of this previously announced integration stage enhances the capabilities of XR environments. It also showcases Wearable Devices' dedication to advancing the frontier of wearable technology.  On June 25th, Wearable Devices announced successful demonstrations of its Mudra technology on Lenovo's ThinkReality XR headset at the Augmented World Expo (AWE) 2024. This demonstration with Lenovo's advanced extended reality (XR) hardware based on Qualcomm's Snapdragon Chipset and Spaces engine showcased the potential for enhanced user interaction and engagement.  On June 07th, Wearable Devices announced a Standby Equity Purchase Agreement (SEPA) with YA II PN, Ltd., managed by Yorkville Advisors Global, LP., allowing YA to purchase up to $10 million of Wearable Devices' ordinary shares over three years at a 3% discount on the lowest daily volume weighted average price. The company can request advances up to $3 million, initially receiving $2 million. Proceeds will be used for working capital and corporate purposes. The agreement imposes no operating restrictions or minimum commitments.  On May 28th, Wearable Devices published a report highlighting the advancements in XR technology and the pivotal role of its neural input wristbands, particularly in the Mudra Band and smart glasses. The report emphasizes the superior precision and intuitive user interaction offered by the Mudra Band's sensors compared to traditional methods. It also discusses the technology's potential to revolutionize human-computer interactions and enhance the functionality of devices like Apple Vision Pro and Meta Quest 3.  Those milestones add to a significant list of others scored throughout 2023. We highlighted those in our prior feature. Standouts include:  Signing a collaboration agreement with Qualcomm to elevate XR experiences with Mudra neural technology.  Opened a new U.S.-based office in Silicon Valley to expand the Company's presence and foster relationships in the tech and wearables markets. Successfully delivered the first manufacturing batch of the Mudra Band for Apple Watch.  Filed patent application with the U.S. Patent and Trademark Office for touchless pinch-to-zoom technology for augmented and virtual reality Completed the first stage of deployment testing for a leading XR glasses OEM, satisfying criteria outlined in a memorandum of understanding Introduced revolutionary spatial depth control, allowing for depth navigation that adds another dimension to user interaction  This completed groundwork is a testament to how serious this company is about making its name synonymous with the groundbreaking wearable device technology it provides. And with new B2B agreements, enhanced B2C sales channels, and relationships with the world's largest companies, earning that status may happen faster than many think. Remember, no company wants to lose shelf space, especially the mega-caps. They'll do everything possible, including following others' leads, to ensure that doesn't happen.  Exploiting A Sweet Spot of Opportunity...   That reality puts Wearable Devices Ltd. in a position to exploit its being in a sweet spot of opportunity. If they navigate opportunities as expected, with only about 20.39 million shares outstanding and 28% of that insider held, news from any of its ongoing business relationships could fuel a return back to its intraday March 2024 high of $0.80, about 63% higher than its current level.  Members, we've highlighted many emerging companies that offer revolutionary and industry-disrupting technology. And we can confidently say this is one of the most compelling we've featured. Not only from a value investment perspective but also from this company providing markets with groundbreaking technology that will likely be a part of mainstream wearables before the decade's end. With Wearable Devices Ltd. positioned to exploit its role to serve that expectation, its stock at these levels looks extraordinarily attractive. To Your Trading Success, Michael Reece Editor, Financial Driven Research Sources:  [( [( [( [( [( [( [( [( [( [( [( [( © 2024 Financial Driven Research, All Rights Reserved. Financial Driven Research (“FDR” or “Company”) is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or inves∙tment for any specific individual. FDR full disclosure is to be read and fully understood before using FDR website or joining FDR email or sms list. 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