WLDS

Company reports continued commercial momentum, advances Human Intent Decoding via its Large MUAP Model (LMM), and expands into Physical AI and Next-Gen Hardware YOKNE’AM ILLIT, Israel, Aug. 24, 2026 (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, today announced its financial results for the six months ended June 30, 2026. Management Commentary: “We are excited to kick off 2026 with sustained revenue momentum across our B2C products, while significantly investing in transformative growth initiatives,” said Asher Dahan, Chief Executive Officer of Wearable Devices. “At the heart of our vision is a foundational task: to decode human intent. Traditional inputs fail to capture human context; by analyzing surface Electromyography (“sEMG”) data from thousands of user interactions and tests, our team has built the technological maturity needed to translate biological signals into real-time digital actions before physical motion occurs.” Mr. Dahan added: “Our growth strategy relies on an active build-measure-learn cycle driven by our consumer B2C offerings, including Mudra Link and Mudra Band. By delivering products directly to users, we collect critical real-world feedback. This B2C traction validates market demand, refines our algorithms, and serves as a powerful 'pull' strategy to inform and strengthen our enterprise B2B offerings. The Company also develops the Large MUAP Model (“LMM”) – a physiology-based foundational model serving as an intention-detection layer allowing AI agents and machines to understand human state and intent.” “Applying these insights has led us into a revolutionary new frontier: Physical AI and Robotics. Where vision-based AI fails due to occlusion or field-of-view limits, wearable neural sensing bridges the gap without cumbersome gloves,” said Mr. Dahan. “To support this vertical, we are launching Mudra Pro (featuring 3 sEMG channels, IMU, and PPG) for advanced AI / extended reality (“XR”) programs, while developing Mudra Ultimate (featuring 8 sEMG channels, IMU, PPG, and an integrated System-on-Chip). These next-generation form factors incorporate years of B2C customer feedback to achieve superior ergonomics, alongside years of direct B2B client interaction to satisfy complex enterprise needs.” Mr. Dahan concluded: “To ensure we remain agile in an ever-shifting AI landscape, ai6 Labs serves as our dedicated innovation engine. Operating as a closed loop that combines foundational neural research, rapid monetization, and an AI accelerator, ai6 Labs allows us to rapidly prototype agentic solutions and product architectures. This ensures swift execution and defensive market positioning as we interface directly with the next generation of AI agents.” First Half 2026 Financial Results and Recent Company Highlights: Revenues: Generated $350 thousand in revenue for the six months ended June 30, 2026, compared to $294 thousand for the six months ended June 30, 2025, driven by continuous commercial sales of Mudra Link and Mudra Band across iOS, Android, and desktop ecosystems. Released the Mudra Studio: Mudra Studio is a software platform for building applications based on user intent, input, interaction, and neural signals.Developers can use vibe coding agents to build with hand motion, fingertip pressure, gestures, and raw neural signal data. Users benefit from a faster path from idea to working prototype, replacing Software Development Kit-level complexity with natural text prompts. Decoding Human Intent & LMM Advancement: Expanded the LMM, establishing a physiology-based intention-detection layer that underpins Physical AI, gesture recognition, and clinical research such as stroke rehabilitation. Physical AI & Next-Gen Hardware: Introduced new hardware architectures including Mudra Pro and Mudra Ultimate, designed to provide multimodal wearable training data for robotics and human-machine interaction where camera visibility is limited. ai6 Labs Innovation Engine: Advanced the ai6 Labs accelerator to continually test agentic workflows, edge AI experiments, and rapid Minimum Viable Products (“MVPs”), shortening the path from deep-tech research to commercial products. Patents Strategy: In 2026, Wearable Devices extended its patent portfolio through a dynamic and forward-focused patent strategy, which protects its core neural interface capabilities and enhances gesture recognition by accurately defining gesture start and end points, eliminating the need for buttons. These patents form the foundation of the Company’s broader IP roadmap, building a broad, adaptable, and defensible global portfolio that covers future wearable bio-potential applications. This strategy positions Wearable Devices to capitalize across consumer XR, industrial automation, and assistive technology markets while safeguarding its technological leadership and protecting the ability to authenticate users from their unique biological signals, enabling secure payments, user detection, and authorized actions. In the first half of 2026, Wearable Devices started continued delivering and recognizing revenues from the Mudra Link, a universal gesture control wearable wristband, in addition to continued recognition of revenue from the sale of Mudra Band for Apple Watch, the Company’s B2C products. Revenues for the six months ended June 30, 2026 were $350 thousand, as compared to approximately $294 thousand for the six months ended June 30, 2025. Net loss increased to $5.5 million, or $(3.50) per basic and diluted share, in the six months ended June 30, 2026, compared to net loss of $3.7 million, or $(20.71) per basic and diluted share, for the six months ended June 30, 2025, primarily related to investments in new initiatives, increased headcount and other operating expenses in 2026. About Wearable Devices Ltd. 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 product offerings, including the Mudra Band, Mudra Link and Mudra Pro – 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 XR. In the business sector, the Company provides enterprise partners with advanced input solutions for immersive and interactive environments, from augmented reality/virtual reality/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. The ai6 Labs ecosystem accelerates this vision by integrating research, products, and AI breakthroughs. Expanding into Physical AI, the Company also provides a wearable neural sensing layer for human-generated training data across robotics and advanced physical systems. Wearable Devices’ ordinary shares and warrants trade on the Nasdaq Capital Market under the symbols “WLDS” and “WLDSW,” respectively. Forward-Looking Statement 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 our belief that we are well-positioned to be a leader in the space of wearable devices; that sustained commercial momentum across our B2C products validates market demand and may strengthen our enterprise B2B offerings; that our LMM model may serve as a physiological intention-detection layer that can support Physical AI, gesture recognition, clinical research, human-machine interaction and other applications; our expectations regarding the launch, development, features, capabilities, commercialization and potential benefits of Mudra Pro and Mudra Ultimate, including their potential use in advanced AI/XR programs, robotics, human-machine interaction and enterprise applications; our belief that ai6 Labs may accelerate innovation, agentic workflows, edge AI experiments, rapid MVP development and the commercialization of new product architectures;; that our IP strategy may protect our core neural interface capabilities, enhance gesture-recognition technology, and capitalize across consumer XR, industrial automation, assistive technology markets, Physical AI and other markets; expansion into new potential markets and the benefits and advantages of our technology and products. 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, 2025, filed on March 12, 2026 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 ContactMichal [email protected] *Reclassified

YOKNE’AM ILLIT, Israel, March 12, 2026 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) (“Wearable Devices” or the “Company”), a technology growth company specializing in artificial intelligence (“AI")-powered touchless sensing wearables, today announced its financial results for the year ended December 31, 2025. The Company reported revenue growth for the year, driven in part by a 28.5% increase in sales of its Mudra Link and Mudra Band products, reflecting growing adoption of its gesture-control technology and continued expansion of its business-to-client (“B2C”) segment. Management Commentary “We are pleased to conclude 2025 with steady momentum in our B2C sector, driven by the Mudra Link and Mudra Band. This performance reflects our growing foothold in the global wearable tech market, a dynamic sector where demand for intuitive, touchless interfaces continues to expand,” said Asher Dahan, Chairman of the board of directors and Chief Executive Officer of Wearable Devices. “Our operational progress is supported by an exceptionally strong financial foundation. Throughout 2025, we raised approximately $24.4 million in gross proceeds from equity offerings, resulting in a cash balance of $18.4 million at year-end. This financial strength is the engine that allows us to scale our B2C activities while investing in the innovation that will define the industry’s future, providing the capital needed to expand our development platform - an initiative we expect to drive significant business-to-business (“B2B”) transactions by making our neural technology easily accessible through AI-driven tools. Throughout the full year of 2025, we achieved a significant milestone with the sustained delivery and commercial availability of the Mudra Link, our universal gesture control wearable, alongside continued revenue from the Mudra Band for Apple Watch. The transition from a pre-order phase to a fully operational commercial model has allowed us to capture steady customer interest and establish a solid baseline for our B2C products. We believe that this commercial traction serves as the real-world validation of our technology, providing the data and market presence necessary to fuel our broader ecosystem. Building on this B2C success, we are proud to introduce the Mudra Experience Studio (“Studio”) - a critical milestone that transforms our neural technology into a universal language for extended reality (“XR”) and AI developers. By providing AI-assisted development tools and a single codebase, the Studio solves gesture fragmentation across major spatial computing and mobile platforms. This accessibility is our primary bridge to high-scale B2B opportunities, enabling original equipment manufacturers to integrate our technology into the next generation of smart glasses and digital environments without the need for platform-specific hardware adjustments.” Mr. Dahan continued: “Our forward-looking vision is being realized through ai6 Labs, a synergistic ecosystem dedicated to bridging human intent with digital reality. Supported by the capital raised this year, ai6 Labs operates across three pillars: deepening foundational neural research, rapid product monetization, and an AI accelerator for bold concepts. Furthermore, we continue to protect our market leadership through a robust intellectual property portfolio. Our IP portfolio currently includes 12 patents: four registered U.S. patents, one registered Chinese patent and additional pending patents: one in the United States, five in China and one in South Korea. This combination of financial resources, AI-driven innovation, and patent protection positions us at the forefront of the next era in computing.” Full Year 2025 Financial Highlights: Cash and Deposits: Cash and deposits were $18.4 million as of December 31, 2025, as compared to $4.0 million at the end of 2024. This strong cash position is mainly attributable to significant funds raised during 2025 in the gross amount of approximately $24.4 million (net amount of $21.7 million). Revenues: Revenues increased 23.9% from $522 thousand for the year ended December 31, 2024, to $647 thousand for the year ended December 31, 2025, marking a step forward in the Company’s transition from development toward a commercially driven business. This growth was primarily driven by increased sales of the Mudra Link, demonstrating early market adoption and growing demand for neural interface technology. Combined sales of the Mudra Link and Mudra Band increased by approximately 28.5% year-over-year, reflecting strengthening customer interest in the Company’s gesture-control wearables. While revenues are still at an early stage, the upward trend reflects positive momentum and a foundation for future expansion. Research and Development Expenses: Research and development expenses increased by 18% to $3.5 million for the year ended December 31, 2025, as compared to $3.0 million for the year ended December 31, 2024, reflecting the continuous investment and focus on creating disruptive, industry leading technology that leverages AI and proprietary algorithms, software and hardware. Sales and Marketing Expenses: Sales and marketing expenses decreased by 12% to $1.85 million for the year ended December 31, 2025, as compared to $2.1 million for the year ended December 31, 2024, related to a change in sales and marketing structure during this year. General and administrative expenses: General and administrative expenses were $2.8 million for the year ended December 31, 2025, as compared to $2.8 million for the year ended December 31, 2024. Net Loss: Net loss increased to $(8.1 million), or $(6.53) per diluted share, for the year ended December 31, 2025, as compared to a net loss of $(7.9 million), or $(72.6) per diluted share, for the year ended December 31, 2024. The per share information reflects the Company’s 1-for-20 reverse share split, which became effective on October 10, 2024, another 1-for-4 reverse share split, which became effective on March 17, 2025, and additional 1-for-3 reverse share split, which became effective on March 11, 2026. 2025 and Recent Business Highlights: Strategic Collaborations & Expansion South Korea Market Entry: Secured an exclusive distribution agreement with Sky Commerce Co., Ltd., securing a strategic foothold in South Korea—a global hub for wearable innovation. B2B Presence in Asia: Showcased the Mudra Link at the XR Fair Tokyo 2025, engaging with the broader metaverse ecosystem including AR, virtual reality (“VR”), and mixed reality industries. Product and Technology Innovations AI-Powered Personalization: Developed cutting-edge methods for gesture personalization using Large MUAP Models, enabling the wristband to adapt to individual user biopotential signals. Gesture Mapper Update: Launched a revolutionary update allowing users to assign personalized input commands to specific gestures, transforming the Mudra Link into a fully customizable controller. Market Recognition and Sales Expansion Award-Winning Technology: Won the "Best Wearable Debut" award at MWC Barcelona 2025, recognized by Laptop Magazine alongside global tech leaders Lenovo, Samsung, and Intel. Commercial Scale-Up: Successfully transitioned from pre-orders to global shipping, with Mudra Link now supporting Android, iOS, Windows, and macOS. Strategic Deployments Defense Sector Milestone: Announced the development of a touchless neural control system for advanced military tactical systems, designed to enhance soldier safety and tactical readiness. Smart Glasses Integration: Positioned Mudra Link as a native input solution for leading smart glasses, providing a critical "hands-free" interface for the enterprise and consumer XR markets. Intellectual Property and Regulatory Progress Enhanced Precision Patent: Granted a U.S. patent for a breakthrough method to extract precise "start" and "end" points from continuous gestures. Physical Property Sensing: Secured a U.S. patent for neural measurement of weight, torque, and force, allowing the device to quantify real-world physical interactions from the wrist. Multimodal Interaction: Received a significant U.S. patent for a "Gesture and Voice-Controlled Interface Device," integrating gesture recognition, voice control, and biometric authentication. Realistic Virtual Interaction: Granted a U.S. patent for modulating virtual objects based on physical characteristics (texture, weight, rigidity) to bridge the gap between digital action and physical sensation. About Wearable Devices Ltd. 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 XR. In the business sector, the Company provides enterprise partners with advanced input solutions for immersive and interactive environments, from augmented 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. The newly launched ai6 Labs ecosystem accelerates this vision by integrating research, products, and AI breakthroughs. Wearable Devices’ ordinary shares and warrants trade on the Nasdaq Capital Market under the symbols “WLDS” and “WLDSW,” respectively. Forward-Looking Statement 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, capabilities, advantages and expected demand, momentum, growth of and ability to expand our products and technology and our market leadership and that the combination of financial resources, AI-driven innovation, and patent protection positions us at the forefront of the next era in computing. 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, 2024, filed on March 20, 2025 and our other filings with the Securities and Exchange Commission. 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 Contact: Michal Efraty [email protected]

During this period, the Company started generating revenues from commercial sales of its Mudra Link, a universal gesture control wristband YOKNE’AM ILLIT, Israel, Sept. 09, 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, today announced its financial results for the six months ended June 30, 2025, marking its commercial debut with the innovative Mudra Link wristband. Management Commentary: “We are excited to kick off 2025 with strong revenue momentum from the Mudra Link and Mudra Band, alongside a significantly reduced net loss compared to last year,” said Asher Dahan, Chairman and Chief Executive Officer of Wearable Devices. “This reflects our foothold in the global wearable tech market, a dynamic sector, as demand for intuitive, touchless interfaces skyrockets. In the first half of 2025, we started the delivery of Mudra Link, a universal gesture control wearable wristband, in addition to continued recognition of revenue from the sale of Mudra Band for Apple Watch, the Company’s B2C products. After a preorder period during which the Mudra Link generated strong customer interest, we began shipping the product at the beginning of 2025 and are pleased to have reached this important milestone.” Mr. Dahan added: “We continue to invest in our business, as reflected in the modest increases in research and development, sales and marketing, and general and administrative expenses in the period. We’re still in the early stages of growth in the broader wearables industry, and we believe that Wearable Devices is well-positioned to be a leader in the space given our patented AI-based neural input interface technology. Wearable Devices is riding the wave of a wearable tech revolution, with applications spanning consumer gadgets, military interfaces, and health analytics. The Company is cementing its role as a key player, leveraging AI innovation to meet this surging demand and deliver shareholder value. The Japan collaboration taps into a tech-savvy market, while the LMM’s potential in cognitive state monitoring positions the Company to penetrate the health wearable market by 2026. Strategic B2B deals, like the military project, could unlock multi-million-dollar contracts as defense sectors prioritize touchless controls.” First Half 2025 Financial Results and Recent Company Highlights: Revenues: $294,000 from the initial B2C sale of Mudra Link, continuous revenues from Mudra Band for Apple Watch, and B2B collaborations, marking a strategic expansion with Mudra Link’s launch. This reflects Wearable Devices’ new capability to serve both Android and iOS devices, broadening its market reach with a universal neural interface wristband and Apple Watch accessory. Patents Strategy: In 2025, Wearable Devices executed a dynamic and forward-focused patent strategy, which protects core neural interface capabilities and enhances gesture recognition by accurately defining gesture start and end points- eliminating the need for buttons. These patents form the foundation of the Company’s broader IP roadmap, building a broad, adaptable, and defensible global portfolio that covers future wearable bio-potential applications. This strategy positions Wearable Devices to capitalize across consumer XR, industrial automation, and assistive technology markets while safeguarding its technological leadership. Launched a new innovative and disruptive product- the Mudra Link: Officially launched the Mudra Link, the first AI neural interface wristband for Android and beyond, providing advanced neural input technology for Android users. Entering the Japanese Tech-Savvy Market with new collaboration with Media Exceed Co., Ltd. (“Media Exceed”), a leading e-commerce company in Japan. Under this agreement, Media Exceed will serve as a non-exclusive reseller of the award-winning Mudra Band and Mudra Link, bringing Wearable Devices’ innovative neural technology to Japan. Released a new Mudra Link update for Mac and Windows users, transforming it into a personalized neural wristband controller worn on the wrist as well as other significant enhancements. Launched an innovative project to advance human-machine interfaces for military applications. This cutting-edge initiative introduces a touchless neural control system that would enable soldiers to operate critical tactical systems seamlessly, enhancing operational efficiency and safety in high-stakes environments. In the first half of 2025, Wearable Devices started delivering and recognizing revenues from the Mudra Link, a universal gesture control wearable wristband, in addition to continued recognition of revenue from the sale of Mudra Band for Apple Watch, the Company’s B2C products. Revenues for the six months ended June 30, 2025 were $294 thousand, as compared to approximately $394 thousand compared to the six months ended June 30, 2024. Net loss decreased to $3.7 million, or $(2.3) per basic and diluted share, in the six months ended June 30, 2025, compared to net loss of $4.2 million, or $(16.52) per basic and diluted share, for the six months ended June 30, 2024, primarily related to a decrease in the Company’s operating expenses in 2025. 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 symbols “WLDS” and “WLDSW”, respectively. Forward-Looking Statement 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 our belief that we are well-positioned to be a leader in the space of wearable devices; that we are cementing our role as a key player, leveraging AI innovation to meet this surging demand and deliver shareholder value; the LMM’s potential in cognitive state monitoring positions us to penetrate the health wearable market by 2026; that strategic B2B deals, like the military project, could unlock multi-million-dollar contracts as defense sectors prioritize touchless controls; that our IP strategy positions us to capitalize across consumer XR, industrial automation, and assistive technology markets while safeguarding our technological leadership and the benefits and advantages of our technology and products. 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]

YOKNE’AM ILLIT, Israel, March 19, 2025 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) (“Wearable Devices” or the “Company”), a technology growth company specializing in artificial intelligence (“AI")-powered touchless sensing wearables, today announced its financial results for the year ended December 31, 2024. Asher Dahan, Chief Executive Officer and Chairman of the Board of Directors of Wearable Devices, commented, “2024 was characterized by strategic capital allocation and the execution of our growth strategy as we delivered our Mudra Band for Apple Watch, and entered into several collaborations with companies and contractors at the forefront of their respective industries. With a strong focus on technological breakthroughs and innovation, we introduced the Mudra Link, a universal gesture control wearable wristband in September 2024. This launch marked a significant milestone in our neural interface technology, enabling seamless, touch-free interaction with a wide range of digital devices. The Mudra Link is open for orders, and we have started to ship the Mudra Link to customers in the first quarter of 2025. We invested significant resources in pursuit of these milestones, mainly due to strategic investments primarily in sales and marketing and research and development as we continue to innovate and showcase our technology, as well as an enhanced focus on business development on the business-to-business (“B2B”) side of our business.” “Collaborations represent a key part of our business, and we expect our B2B offerings to be a significant driver of revenue for us as we grow. At the beginning of 2024, we launched the B2B Mudra Developer Kit (“MDK”), providing our B2B customers with enhanced capabilities and additional features that improve our B2B offering. The MDK allows original equipment manufacturers (“OEMs”) to design new, customized gestures to create a user interface specifically tailored to their needs. At the beginning of 2024, we announced a collaboration agreement with Qualcomm Incorporated (“Qualcomm”), for the development of products using the Qualcomm Snapdragon Spaces XR Developer Platform. In October 2024, we announced an innovative collaboration with TCL-RayNeo™ (“RayNeo”), a leader in augmented reality (“AR”) technology, aiming at bringing mass-market neural interface wristband for AR glasses to life. We anticipate interest in our B2B product to grow as the market for wearable devices and AI-based technology expands, with more and more customers recognizing the value that our products can add to their operations. “Our business-to-customer (“B2C”) product, the Mudra Band, is an award-winning aftermarket band for the Apple Watch that enables touchless control of multiple Apple devices. In addition, we’re seeing considerable interest in the Mudra Link, and during the first quarter of 2025 we commenced shipment of our first manufacturing batch to Mudra Link customers. 2024 was characterized by strategic capital allocation and the execution of our growth strategy, with a focus on three key areas: technological breakthroughs and innovation, adoption trends and market outlook, and strategic positioning for future growth. First, we continued to lead in innovation with groundbreaking technologies that enable natural, touch-free interaction. Second, we are witnessing an increasing adoption trend in neural interface solutions, with growing interest from both consumers and business partners. Finally, we are well-positioned for future growth, supported by our marketing efforts, strong presence at leading trade shows such as CES and MWC, and the growing recognition of Mudra Link as a market-defining product. We continue to receive orders for the product and see significant growth potential as our technology and capabilities evolve.” Mr. Dahan concluded, “We have a comprehensive strategy with innovative B2B and B2C offerings to maximize our presence in what we believe to be a market that is poised for tremendous growth. We are very encouraged by the progress that we made in 2024 and believe that Wearable Devices is positioned for transformation in coming years, as we continue to invest in our operations, bring innovative products to market, and showcase the breadth and depth of our technology.” 2024 and Recent Business Highlights: Strategic Collaborations & Expansion Signed a collaboration agreement with Qualcomm to elevate extended reality (“XR”) experiences using Mudra neural technology. Collaborated with RayNeo to lead the neural control revolution for AR glasses, positioning Mudra ahead of competitors like Meta. Signed a reseller agreement to scale licensing efforts in South Korea and China. Product & Technology Innovations Launched Mudra Link, the first AI Neural Interface Wristband for Android and beyond, expanding accessibility of neural gesture control. Released the Mudra Developer Kit (MDK) for B2B customers, enabling OEMs to create tailored user interfaces. Unveiled AI-powered Large MUAP Models to revolutionize gesture control with personalized neural interactions. Showcased future AI-powered gesture personalization technology, advancing next-gen human-computer interaction. Market Recognition & Sales Expansion Awarded the CES 2025 Innovation Award in XR Technologies and Accessories for Mudra Link. Chosen as Best Wearable of CES 2024 by SlashGear.com. Featured in Mashable, VentureBeat, and leading tech magazines. Strategic Deployments Successfully completed the first-stage deployment testing for a leading XR glasses OEM, meeting key evaluation criteria. Demonstrated Mudra technology integration with Qualcomm Snapdragon Spaces at CES 2025 and AWE 2024. Showed positive results on Lenovo’s XR headset, validating Mudra’s neural technology for next-gen spatial computing. Intellectual Property & Regulatory Progress Filed a patent application for touchless pinch-to-zoom technology for AR/VR (virtual reality) applications. Secured a Chinese patent for its AI Gesture-Controlled Interface. Expanded international IP portfolio with a neural wrist technology patent filing in South Korea. Full Year 2024 Financial Highlights: Revenues: Revenues increased from $82 thousand in 2023 to $522 thousand in 2024, marking a significant step forward in the Company’s transition toward a commercially driven business. This growth was primarily driven by increased sales of the Mudra Band, demonstrating early market adoption and growing demand for neural interface technology. While revenues are still at an early stage, the upward trend reflects positive momentum and a foundation for future expansion. Research and Development Expenses: Research and development expenses decreased by 11% to $3.0 million in the full year of 2024 compared to $3.3 million in the full year of 2023, reflecting the successful completion of key development phases, particularly Mudra Link, and a transition toward production and sales. The Company continued to focus on creating disruptive, industry leading technology that leverages AI and proprietary algorithms, software and hardware. Sales and Marketing Expenses: Sales and marketing expenses increased by 4% to $2.1 million in the full year of 2024 compared to $2.0 million in the full year of 2023, related to the Company driving awareness of its technology and products across various channels including participation at multiple leading industry conferences. General and administrative expenses: General and administrative expenses decreased by 1.3% to $2.8 million in the full year of 2024 compared to $2.9 million in the full year of 2023. Net Loss: Net loss increased to $(7.9 million), or $(24.2) per diluted share, for the year ended December 31, 2024, as compared to a net loss of $(7.8 million), or $(38.4) per diluted share, for the year ended December 31, 2023. The per share information reflects the Company’s 1-for-20 reverse share split, which became effective on October 10, 2024, and an additional 1-for-4 reverse share split, which became effective on March 17, 2025. Cash Position: Cash and deposits as of December 31, 2024 were $4.0 million. Inventory: Inventory increased to $1.2 million at the end of 2024, as part of the completion of the transition phase from research and development to production and to serve our planned B2C and B2B initiatives in 2025. 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 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, capabilities, advantages and expected demand, an increasing adoption trend in neural interface solutions, with growing interest from both consumers and business partners, momentum and growth of our products and technology, our expectation for the growth of the B2B market and that our B2B offerings will be a significant driver of revenue for us as we grow, our anticipation that interest in our B2B product will grow as the market for wearable devices and AI-based technology expands and our belief that Wearable Devices is positioned for transformation in coming years. 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, 2023, filed on March 15, 2024 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 Contact: Michal Efraty [email protected]