Wearable Devices Entered An MOU With A Leading XR Smart Glasses OEM For Its Mudra Licensing Program
Portfolio Pulse from Benzinga Newsdesk
Wearable Devices Ltd. (NASDAQ:WLDS) has signed a non-binding Memorandum of Understanding (MOU) with a leading Chinese original equipment manufacturer (OEM) of extended reality (XR) smart glasses. The MOU is part of the company's Mudra licensing program, which allows OEMs to manufacture a custom reference design version combined with the company's touchless control technology. The partnership could significantly advance the capabilities of XR smart glasses and headsets.
October 02, 2023 | 12:33 pm
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Wearable Devices Ltd. has entered into a MOU with a leading XR smart glasses OEM, which could potentially enhance the capabilities of XR smart glasses and headsets.
The MOU with a leading XR smart glasses OEM could potentially lead to the integration of Wearable Devices' touchless technology into the OEM's product suite. This could enhance the capabilities of XR smart glasses and headsets, making them more intuitive and immersive. This partnership could also increase the market reach of Wearable Devices' technology, potentially leading to increased revenues.
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