Wearable Devices Ltd. (NASDAQ: $WLDS)
Versus Meta (NASDAQ: $META) in the AR Glasses Battle? @WLDS_Ltd
Investorideas.com (www.investorideas.com) a go-to platform for big investing ideas,
including AI and tech stocks reports on news and developments for Wearable
Devices Ltd. (Nasdaq: WLDS) (WLDSW),
an award-winning pioneer in artificial intelligence (“AI”)-based wearable
gesture control technology.
According to ResearchAndMarkets.com, “The global market
for Smart Augmented Reality (AR) Glasses was estimated at 678.6 Thousand Units
in 2023 and is projected to reach 13 Million Units by 2030, growing at a CAGR
of 53.0% from 2023 to 2030.”
Yesterday Wearable Devices announced an innovative
collaboration with TCL-RayNeo™ leader in augmented reality (“AR”) technology,
aiming at bringing mass-market neural interface wristband for AR glasses to
life now.
Both parties will be showcasing how neural interface wristband
can be seamlessly integrated into AR devices, enhancing user experience by
enabling hands-free, gesture-based interactions in augmented and mixed reality
environments. This collaboration, previously announced earlier this month,
highlights a groundbreaking leap towards more immersive, intuitive user
experiences with the objective of being available as soon as next year.
For comparison, Meta (NASDAQ: META) announced last month its entrance into
the gesture control space and presented its neural wristband as a 'Purposeful
Product Prototype' for smart glasses. RayNeo is known for its innovations in
AR, developing cutting-edge AR glasses that enhance immersive experiences by
overlaying digital content in the real world. By integrating RayNeo’s AR
glasses with Wearable Devices’ neural gesture control technology, users can
experience a truly hands-free interaction, elevating the immersive experience
to new heights.
Paid
News Dissemination of behalf of WLDS
Read this news, featuring WLDS in full at https://www.investorideas.com/news/2024/technology/10311Wearable-Devices-WLDS-AR-Glasses.asp
“Our collaboration with RayNeo signals a thrilling new
chapter in neural gesture technology,” said Asher Dahan, Chief Executive
Officer of Wearable Devices. “Our breakthrough Mudra Band and Mudra Link
technology is redefining how users interact in mixed reality, offering more
natural and instinctive control. Together with RayNeo, we’re creating immersive
experiences that feel almost magical, as if technology has become an extension
of oneself.”
“Collaborating with Wearable Devices represents a
significant leap forward in the future of AR technology,” said Howie Li, Chief
Executive Officer of RayNeo. “By combining RayNeo’s advanced AR glasses with
the cutting-edge neural interface technology from Wearable Devices, we are
committed to providing innovative solutions that empower users and transform
everyday experiences. We believe this collaboration will lead to a new era of
smart, intuitive, and immersive wearable experiences.”
This collaboration highlights the potential for future
innovations in the extended reality (“XR”) market. The combination of RayNeo’s
advanced AR hardware and Wearable Devices’ neural input technology creates
exciting possibilities for the next generation of smart wearables, offering
seamless and touchless control across various applications. The details of the
full terms of this collaboration are subject to negotiation and execution of
definitive agreements.
Recent news release:
https://finance.yahoo.com/news/wearable-devices-tcl-rayneo-join-125000032.html
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