Wearable Devices successfully delivers second batch of Mudra bands

Wearable Devices (WLDS) announced the completed shipment of the second manufacturing batch of the Mudra Band for Apple (AAPL) Watch. This second shipment becomes as the Company continues to fulfill preorders for this product. The Company plans to gradually ramp up production through the balance of 2023 and into 2024 to both fulfill preorder demand and support its go-to-market strategy for the holiday season and 2024. The Company now has thousands of Mudra Band units in advanced manufacturing and production phases. Asher Dahan, Chief Executive Officer of Wearable Devices, commented, “We’re pleased to have completed shipment of the second manufacturing batch of the Mudra Band for Apple Watch to preorder customers. We’ve received positive initial feedback on the band, and our focus is on continuing to assure the highest production quality while we scale our manufacturing. With over 100 million Apple Watch devices sold to date, the addressable market for our product is immense and growing. We are actively engaging with multiple prospective retail distribution partners as part of our go-to-market strategy. We’re seeing encouraging interest in the product from consumers and potential retail partners alike, and look forward to completing our preorder fulfillment, further scaling manufacturing and executing a strategic product roll out to capitalize on the market opportunity in front of us,” Mr. Dahan concluded.