Business
Wearable Devices Establishes U.S. Offices in Silicon Valley Expanding North American Presence
The Company, through its subsidiary, intends to foster stronger partner relations for its neural input technology and extend its market presence for the Mudra
About this update from Wearable Devices Ltd.
[{"type":"text","content":"The Company, through its subsidiary, intends to foster stronger partner relations for its neural input technology and extend its market presence for the Mudra Band YOKNEAM ILLIT, ISRAEL, Nov. 24, 2023 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in AI-powered touchless sensing wearables, is excited to announce that its subsidiary has established a new U.S. office in Redwood City, California, less than thirty miles south of San Francisco. The new location is expected to enhance the Company’s market presence and partner relations while ushering in a significant chapter of growth and development. With offices located in the heart of Silicon Valley, the Company is poised to significantly strengthen its local presence by providing a dedicated hub to cater to the specific needs of its North American customers and business partners. This strategic move reaffirms the Company’s commitment to set new standards in customer service and increase engagement with North American business partners. Mr. Shmuel Barel, the Company’s Chief Marketing Officer, has been appointed as General Manager of Mudra Wearable, Inc., the subsidiary company, in addition to his current role. “We are excited about this new phase of growth and innovation,” Asher Dahan, Chief Executive Officer of Wearable Devices, commented. “The North American market is pivotal in the consumer electronics industry, and it presents significant opportunities in both business-to-consumer (B2C) and business-to-business (B2B) realms. This strategic decision reflects the Company's commitment to both enhancing customer service for B2C customers and strengthening relationships with B2B partners.” “The United States is home to a tech-savvy consumer market eager to adopt innovative products. With our new office and physical presence in North America, we are better able to leverage the proximity to our North American customers by providing quicker responses to local needs and capitalize on the many emerging opportunities in this region,” added Mr. Barel. Recently the Company announced delivery of the first batch of its award-winning consumer product, the Mudra Band, to preorder customers, and entered into a memorandum of understanding with a leading XR Smart Glasses original equipment manufacturer...