CARDIFF, Calif., May 24, 2011 /PRNewswire/ -- Mind Technologies, Inc. (http://mindtechnologiesinc.com) (Pink Sheets: MTEK), announces the progress being made on The Company's proprietary EEG/ BCI headset, which is currently in development. With The Company's mission to become the world leader in EEG/ BCI technology, Mind Technologies assembled a world-class team of scientists to guide the process of developing a state-of-the-art headset that would revolutionize the brain computer interface industry. After meeting with and interviewing several top-tier electronics firms, The Company has selected a development and manufacturing partner to accomplish this monumental achievement.
No expense in research, functionality, or design has been spared to bring the most advanced product to market. The Company selected will oversee the entire project, including circuit design, software and Bluetooth integration, prototyping and manufacturing. The final product to be sold to consumers will be much smaller, more reliable and use dry sensors to detect brain signals. "The design of the product is completely different than anything currently on the market and will be virtually undetected when worn," stated Brent Fouch –CEO.
The product is currently going through the patent process, as the prototype phase commences. Once The Company receives three prototypes to choose the final design, manufacturing will commence immediately. Mind Technologies has negotiated very reasonable price points that should have a significant impact to The Company's bottom line. Upon completion, The Company will offer the complete system to consumers, including the revolutionary BCI headset and thought controlled software applications developed by Mind Technologies. The Company will also have an APP Store to allow outside developers to provide thought controlled applications on a revenue sharing basis.
About Mind Technologies, Inc.
Mind Technologies, Inc. develops software for thought controlled technologies, allowing the user to interact with the computer and other machines through the power of the mind. The technology involves the use of a wireless headset, which detects brainwaves on both the conscious and non-conscious level. This revolutionary neural processing technology makes it possible for computers to interact directly with the human brain. The Company creates medical applications and video games that are controlled by the power of your mind.
From time to time, the Company may issue news releases that contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statement provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact and may be "forward-looking statements." "Forward-looking statements" are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those anticipated.
SOURCE Mind Technologies, Inc.