Wearable Devices Engaging Leading OEMs For Potential Licensing Of Mudra Gesture Technology
Portfolio Pulse from Happy Mohamed
Wearable Devices Ltd. (NASDAQ:WLDS) is engaging with several leading original equipment manufacturers (OEMs) for the evaluation and potential licensing of its Mudra gesture technology. The company aims to expand its market footprint by providing industry leaders with innovative capabilities to design and develop customizable touchless control products. The licensing program provides a royalty-based license agreement where OEMs can customize a reference design version of the company's Mudra gesture technology.
August 24, 2023 | 12:41 pm
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Wearable Devices Ltd. is engaging with OEMs for potential licensing of its Mudra gesture technology. This could expand its market footprint and provide innovative touchless control products.
The news of Wearable Devices Ltd. engaging with OEMs for potential licensing of its Mudra gesture technology is directly related to the company's business strategy and future revenue streams. If successful, these partnerships could significantly expand the company's market footprint and lead to increased revenues, which would likely have a positive impact on the company's stock price in the short term.
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