Wearable Devices Establishes U.S. Offices In Silicon Valley Expanding North American Presence
Portfolio Pulse from Benzinga Newsdesk
Wearable Devices Ltd. (NASDAQ: WLDS, WLDSW) has established a new U.S. office in Redwood City, California, to enhance its market presence and partner relations in North America. The office will serve as a hub for the Company's North American operations, focusing on customer service and engagement with business partners. The Company's CMO, Shmuel Barel, will lead the subsidiary, Mudra Wearable, Inc. This expansion follows the delivery of the first batch of Mudra Bands to preorder customers and a memorandum of understanding with an XR Smart Glasses manufacturer for B2B licensing.
November 24, 2023 | 1:16 pm
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Wearable Devices Ltd.'s establishment of a U.S. office in Silicon Valley is likely to positively impact its market presence and partner relations, potentially leading to increased sales and business opportunities.
The opening of a new office in a strategic location like Silicon Valley is a significant step for Wearable Devices Ltd., indicating an expansion of operations and a commitment to the North American market. This move is likely to be viewed positively by investors as it suggests potential for increased sales and stronger business partnerships, which could drive revenue growth and enhance the company's competitive position in the wearable technology market.
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