Wearable Devices Ltd. (WLDS) has recently witnessed a surge in its share prices. This was announced after the company introduced its leading consumer product, the Mudra Band. The band is designed to operate touchlessly and can be used with Apple Inc’s Apple Watch, and is now available for preorder online.
With the latest technology called AirTouch, Mundra Band has expanded its features to allow its users to operate Apple’s ecosystem products without touching them. Asher Dahan, CEO at Wearable Devices, explained the plans for the release of the band and said, “As we prepare for our first volume manufacturing batch of the band, we are scaling our marketing and support capabilities to accommodate the considerable early demand we’re seeing for our products with thousands of preorders already received, and our objective is to begin shipments in the second half of 2023.”
Wearable Devices is primarily focused on developing wearables that are powered by Artificial Intelligence (AI) and operate touchlessly. As a result, its Mudra Band has been the topic of discussion for investors and experts around the world.
At the time of publication, the shares of WLDS were halted multiple times in early trading on Thursday. The stock was up by 224.7% and was traded at $1.48, according to Benzinga Pro.
The increasing popularity of touchless AI-powered wearables has made investors more interested in the company and its potential.
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WLDS Price Action: Wearable Devices’ share prices have surged significantly in recent times, inspiring interest in the company and the potential of its wearables in the market.
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