The Myo device, worn around the forearm, detects the electrical activity produced by the user's muscles, and also contains its own motion sensing chips.
Users can programme the band to recognise gestures, swipes and even programme functions to each finger.
The device gives the user Jedi-like control over a computer, a video game, a flying toy UFO, an office presentation, even a remote four-wheeler, 'ABC News' reported.
"The MYO armband lets you use the electrical activity in your muscles to wirelessly control your computer, phone, and other favourite digital technologies," the company website said.
The armband uses Bluetooth connectivity to pair with your devices and send commands.
With this, Thalmic Labs says, people can wave goodbye to the already available technology that employs camera tracking so that your movements control what happens on a screen.
Along with the muscle activity sensors and Bluetooth 4.0 technology, the armband is equipped with rechargeable lithium-ion batteries and an ARM processor.
The Labs says MYO will be "fully compatible" with Microsoft Windows and Mac OS, with open source development available for Android and iOS application integration.
The MYO is currently available for preorder at USD 149 and will be shipping "late 2013."
The Jedi are a religious group in the Star Wars universe. They use a power called the Force and weapons called lightsabers, which emit a controlled plasma flow in the shape of a sword.