Astro Bug

YOKNE'AM ILLIT, Israel - AstroBug -- Wearable Devices Ltd. (N A S D A Q: WLDS) is redefining the frontier of human-computer interaction with its AI-powered neural input touchless technology, empowering a world where digital experiences respond naturally to human intention. Through its breakthrough products — the Mudra Band and Mudra Link — WLDS is shaping the neural input category across wrist-worn devices and brain-computer interfaces, delivering a truly seamless, intuitive connection between humans and technology.

Shaping the Next Era of User Interaction

In a world where the boundaries between the physical and digital continue to blur, WLDS is setting the standard for neural input within the extended reality (XR) ecosystem. Using proprietary sensors, advanced software, and AI algorithms, the company's wearable devices capture subtle neural signals to enable touch-free gesture control across multiple platforms and applications — from gaming and productivity to immersive AR and VR experiences.

Operating through a dual-channel business model — direct-to-consumer and enterprise licensing — WLDS is positioning itself at the intersection of wearable innovation and AI, empowering consumers with cutting-edge products and enterprises with advanced input technologies for next-generation environments.

$3.3 Million Capital Raise Strengthens Balance Sheet and Growth Trajectory

On October 30, WLDS announced the completion of a registered direct offering and concurrent private placement with an existing institutional investor, raising approximately $3.3 million in gross proceeds. The offering included the sale of 1,230,000 ordinary shares at $2.67 per share, alongside unregistered warrants for future share purchases at the same price.

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In addition, WLDS agreed to amend certain existing warrants — originally issued in September 2025 — reducing the exercise price to $2.67 per share, aligning shareholder and investor interests for future value creation.

This strategic funding enhances the company's financial flexibility as it continues to expand global operations, secure intellectual property, and drive adoption of its neural input technology across multiple markets.

Strategic Expansion into South Korea through Exclusive Distribution Partnership

Further extending its global footprint, WLDS announced on October 27 an exclusive distribution agreement with Sky Commerce Co., Ltd., a leading technology distributor in South Korea.
This partnership grants Sky Commerce exclusive rights to market and sell WLDS's Mudra Band and Mudra Link neural input wristbands within the region, subject to annual minimum purchase commitments.

Together, the companies are completing the required KC certification procedures in South Korea prior to commercial launch. This marks an important milestone in WLDS's broader strategy to scale its technology internationally and tap into one of Asia's most dynamic and innovation-driven consumer markets.

U.S. Patent Granted for Gesture-Controlled Virtual Object Modulation

Adding to its robust intellectual property portfolio, WLDS recently received a U.S. patent for its invention titled "Gesture and Voice-Controlled Interface Device."
This patent covers a system that brings a heightened sense of realism to gesture-controlled interactions. Unlike traditional gesture systems that only trigger visual responses, WLDS's technology simulates physical characteristics — such as weight, texture, and rigidity — allowing users to feel as if they are manipulating real-world objects in virtual environments.

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This innovation underscores WLDS's leadership in developing more natural, immersive, and responsive digital experiences, a key differentiator as neural interfaces become central to the evolution of AR, VR, and XR platforms.

Rising Industry Recognition and Investor Interest

WLDS's growing momentum was further highlighted by its recent feature in a NetworkNewsWire editorial titled "Gesture-Control Wearables Redefine Human-Technology Interaction."
Published under the InvestorBrandNetwork (IBN) umbrella — which includes 70+ investor-oriented media brands — the article spotlighted WLDS's role in driving adoption of AI-enabled, touch-free wearables, a rapidly expanding segment at the intersection of technology, AI, and user experience design.

As the demand for intuitive, gesture-based interfaces accelerates across sectors, WLDS is strategically positioned to lead the neural interface revolution, bridging human intention and machine intelligence.

About Wearable Devices Ltd. (N A S D A Q: WLDS)

Wearable Devices Ltd. is a growth-stage technology company pioneering AI-powered neural input wearables for seamless, touch-free digital interaction. Its consumer and enterprise solutions — including the Mudra Band and Mudra Link — use advanced sensors and algorithms to capture subtle neural signals, enabling intuitive control across a range of devices and operating systems.

With a growing portfolio of patents, strategic partnerships, and a clear focus on expanding into high-growth international markets, WLDS continues to push the boundaries of what's possible in human-computer interaction.

For more information:

• Website: www.wearabledevices.co.il
• Investor Relations Contact:
  Michal Efraty, Investor Relations
  📧 IR@wearabledevices.co.il | ☎️ +972.4.6185670
• Company: Wearable Devices Ltd. (N A S D A Q: WLDS)
• Country: Israel

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