Wearable Devices Signs Reseller Agreement To Scale Its Licensing Program Reach To Enterprises In South Korea And China
Portfolio Pulse from Benzinga Newsdesk
Wearable Devices Ltd. (NASDAQ:WLDS) has signed a reseller agreement with WisePlus to expand its licensing program in South Korea and China. This partnership allows WisePlus to resell Wearable Devices' Mudra Developer Kit (MDK), enhancing touchless sensing wearables' development and integration. The collaboration aims to leverage WisePlus' regional expertise, offering local support and customization for enterprises. The MDK, designed for OEMs and developers, supports creating custom gestures for various applications, promising innovation in the XR market and beyond.
April 01, 2024 | 12:50 pm
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Wearable Devices Ltd. (WLDS) enters a strategic partnership with WisePlus to expand its market reach in South Korea and China, focusing on the Mudra Developer Kit for touchless sensing wearables.
The partnership with WisePlus is likely to have a positive short-term impact on WLDS's stock price due to the potential for increased market penetration and sales in the lucrative markets of South Korea and China. The focus on local customization and support, combined with WisePlus's regional expertise, enhances the prospects for successful integration and adoption of Wearable Devices' technology, potentially leading to increased revenue and market share in these regions.
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