Wearable Devices Ltd. · NASDAQ:WLDS
Wearable Devices — IPO Roadshow (April 2024)
26 slides from Wearable Devices's IPO roadshow presentation, Apr 24, 2024
Slide 1: Investor Presentation April 2024
Investor Presentation April 2024 Filed Pursuant to Rule 433 Issuer Free Writing Prospectus Dated: April [__], 2024 Relating to Preliminary Prospectus dated March 28, 2024 Registration No. 333 - 278358 1
Slide 2: Free Writing Prospectus
This presentation highlights basic information about us and the offering to which this presentation relates . Because it is a summary, it does not contain all of the information that you should consider before investing in our securities . The Company has filed a Registration Statement (including a
Slide 3: Forward Looking Statements
Forward Looking Statements This presentation of Wearable Devices Ltd . (the “Company”) contains “forward - looking statements” . Words such as “expects”, “intends”, “plans,” “believes,” “seeks,” “estimates,” and similar expressions or variations of such words are intended to identify forward - looki
Slide 4: Offering (Summary)
Offering (Summary) Issuer Wearable Devices Ltd. Listing / Symbol Nasdaq: WLDS / WLDSW Securities Offered Ordinary Shares and Pre - Funded Warrants to purchase Ordinary Shares Expected Offering Size Approximately $7.0 million Use of Proceeds Manufacturing and marketing the Mudra Band, continued resea
Slide 5: Mudra technology empowers intuitive neural input
transforming intentions into touchless digital actions across any device. Award winning gesture technology available to OEMs, Mudra is poised to become a leader in this rapidly growing market. Mudra technology empower intuitive neural input 5
Slide 6: A non-invasive neural input interface powered by AI
A non - invasive neural input interface powered by AI A wearable wristband for controlling digital devices using finger movements 6
Slide 7: Investment Highlights
Investment Highlights Mudra technology is AI - powered neural sensors enabling OEMs to build touchless sensing wearables Mudra is proven Shipped over a thousand Mudra Bands for Apple Watch proving technology readiness and establishing brand awareness Shipped for Apple Watch Partnering with industry
Slide 8: At a Glance
At a Glance Qualcomm Collaboration: Optimizing the mudra technology for XR Chipset & Snapdragon Spaces XR Shipped Mudra Band for Apple Watch since Q4 2023 1,000+ Founded 2014 Research Grant: $2.2M from the Israeli Innovation Authority $2.2M Advanced electronics and AI - powered SNC (Surface Nervous
Slide 9: Mudra Technology
Ergonomic Design using flex rigid board SNC sensors convert neural signals from the ulnar, radial & median nerves into digital actions Enhanced signal processing using deep learning neural networks Customizable software app Pre - built gestures including continuous tap, double tap, discreet gestures
Slide 10: Neural Signals Enhanced with AI
Neural Signals Enhanced with AI Decodes the neural impulses into accurate Mudra 'Air - Touch' gestures, which are translated into digital commands Allows standard and custom - designed gestures to monitor and analyze user behavior Captures nerve signals from Ulnar, Radial, and Median nerves 96% accu
Slide 11: Live Demo
Live Demo 11
Slide 12: Industry overview
Industry overview • Strong recovery in 2024, expected to grow 46.4% • Lower - cost tethered headsets are expected to drive sales of AR headsets 2023 2027 WORLDWIDE AR/VR HEADSET FORECAST (M UNITS) • Continued purchase by first - time users • Emerging vendors are shipping significant volumes • Strong
Slide 13: Go-To-Market Strategy
Go - To - Market Strategy B2C Push Mudra Band for Apple Watch Multi - channel distribution $349 Retail price Industry gross margin Wholesale step pricing Higher quantity at a lower Gross margin B2B Pull Mudra Dev - Kit High Margin Licensing Programs Annual Licensing Fee Royalty Per Device 13
Slide 14: B2C: Multi-channel Distribution Strategy
B2C: Multi - channel Distribution Strategy Mudra Band for Apple Watch Target: High growth of units sold in the next 18 months Direct Sales – crucial for market education, direct customer relationships and offering exclusive deals. • Via www.mudra - band.com Online Distribution • Amazon Global (appro
Slide 15: B2B: Licensing Program
Enables OEMs to customize Mudra technology’s touchless control B2B: Licensing Program Multiple engagements with OEMs Qualcomm: Strategic Collaboration • Strengthens Qualcomm and QTI - XR / Spaces positioning • Mudra technology optimized to work with XR Chipset & Snapdragon Spaces • Available to all
Slide 16: Meta patent application and neural wristband
*US 20230099288 **Micro - machined ultrasonic transducers Based on technology acquired from CTRL - Labs in 2019. Meta is said to be launching a neural interface wristband product in the next few years. Patent application* incorporates MUTs** into a watch band for detecting touch & gestures to enhanc
Slide 17: Mark Zuckerberg on neural interface wristband
– Mark Zuckerberg, Founder, Chairman and Chief Executive Officer of Meta i n a recent interview with The Morning Brew Daily, Mark Zuckerberg was asked about the purpose and future of smart glasses and headsets “… basically a wristband and … it's a neural interface …… you'll be able to in the future
Slide 18: Management Team
Management Team Asher Dahan CEO & Co - Founder, Director Project execution expert. Talent in business leading and strategic planning. Manager and team leader. High expertise in major corporate decisions and experience managing the overall operations and resources of the Company. Guy Wagner Company P
Slide 19: Financial Summary
• Public offerings – Raised $18.0 million in gross proceeds since our IPO which closed on September 15, 2022 • Israeli Innovation Authority – (“IIA”) participation in Company’s R&D activity was $2.2 million until December 31, 2023 • Financial Liabilities – No Debt. We had $500K Simple Agreements for
Slide 20: Cap Table
Cap Table As of December 31, 2023 WLDS Ordinary Shares Shares Outstanding 20,387,428 Options (WAEP $0.73) 1,749,189 Warrants (WAEP$2.33) 8,765,893 20
Slide 21: Planned Commercial Objectives
Scale Mudra band for Apple Watch • High growth of units expected to be sold over next 18 months • Agreements with major APR (Apple premium reseller) in USA, Europe and Japan. OEM Expansion & Partnerships B2B Planned Commercial Objectives • License deals with OEM’s • Launch integrated product with Qu
Slide 22: Summary
Summary Industry Defining Technology Direct brain - to - device interaction (neural input) is revolutionizing human interaction with technology Multiple Revenue Streams Push/pull strategy targeting both B2B and B2C markets significantly expands addressable market Demonstrated Demand Shipped over 1,0
Slide 23: Thank you
Nasdaq ticker: WLDS Thank you 22
Slide 24: Appendix
Appendix Wearable Devices
Slide 25: IP Strategy
IP Strategy Proactive and strategic approach to IP management, aimed at maximizing protection and flexibility in a dynamic market environment Status Title Patent No. Country Submitted & PCT Gesture and voice controlled interface device 20230305633 US Submitted Gesture and voice controlled interface
Slide 26: Competitive Advantage
Competitive Advantage Key enabler for mobile AR, overcoming the inherent limitations of cameras, offering additional use cases (e.g. health and biometrics), lower power consumption and allowing a more compact form factor. Interaction richness Field - of - View User Physiology Pressure Gradations Han