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Wearable Devices Signs Reseller Agreement to Scale its Licensing Program Reach to Enterprises in South Korea and China
YOKNE’AM ILLIT, Israel, April 01, 2024 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) (“Wearable Devices” or the “Company”), a technology
About this update from Wearable Devices Ltd.
[{"type":"text","content":"YOKNE’AM ILLIT, Israel, April 01, 2024 (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, is pleased to announce the signing of a reseller agreement with WisePlus, a premier provider of device software solutions. This collaboration aims to scale the Company’s licensing program reach by enabling local, on-site support and customization for enterprises in the markets of South Korea and China, tapping into WisePlus' extensive network and expertise in these regions. Under the terms of the agreement, WisePlus will serve as the official regional reseller of Wearable Devices' Mudra Technology, allowing WisePlus to demo, negotiate, customize and resell the Company’s Mudra Developer Kit (“MDK”), which is a comprehensive toolset designed to revolutionize the development and integration on Wearable Devices’ neural input technology into solutions, products and services across multiple industries and verticals. This partnership will leverage WisePlus' presence and deep market knowledge in South Korea and China, providing fast local access and support to enterprise customers in these areas. The MDK is designed to empower original equipment manufacturers (“OEMs”) and developers with the ability to create custom gestures and use existing signals to monitor and analyze user behavior. This opens up new product and license opportunities across various market segments, from extended reality (“XR”) and smartwatches to Industry 4.0 and beyond. “We are very excited to collaborate with Wearable Devices and bring our support, technology and business expertise to promote and create additional demand to the APAC ecosystem,” said Bob Kim, Chief Executive Officer of WisePlus. “The Mudra technology has the needed innovation and product fit to revolutionize the XR-market massive adoption in the near future,” added Mr. Kim. Asher Dahan, Chief Executive Officer of Wearable Devices, said: \"We are delighted to announce our partnership with WisePlus as our chosen added value reseller in the region. With a proven track record of success in the APAC markets, WisePlus brings invaluable insights and strategic guidance to our collaboration. Their proficiency in providing tailored technology driven solution...