Wearable Devices entered an MOU with OEM for Mudra Licensing Program

Wearable Devices announced the signing of a non-binding Memorandum of Understanding, MOU, under its newly launched Mudra licensing program. The MOU has been signed with a leading Chinese original equipment manufacturer, OEM, of extended reality, XR, smart glasses. Under the terms of the MOU, the XR smart glasses OEM will explore deploying Wearable Devices’ touchless technology into its own product suite. As defined in the MOU, upon successful evaluation, the parties would enter into a commercial license agreement. “We’re thrilled to partner with one of the major players in the XR market,” said Asher Dahan, Chief Executive Officer of Wearable Devices. This collaboration could significantly advance the capabilities of XR smart glasses and headsets as well, offering users a more intuitive and immersive experience.”