CARDIFF, Calif., Apr. 14, 2011 /PRNewswire/ -- Mind Technologies, Inc. (MTI) (http://mindtechnologiesinc.com) (Pink Sheets: JEDM), announced today that the progress on the Company's proprietary EEG headset is on schedule, with patent searches completed and preparation of patent applications underway. The level of scientific research and technology being applied will provide an enormous advantage in becoming the leading brain-computer interface (BCI) company worldwide. MTI was mentioned in a recent article in Business Week detailing their Mind Mouse application. Additionally, MTI's Master Mind application lets players play any PC game using only the power of their mind.
The Company is positioning itself for sustained, long term growth by investing in an advanced BCI headset and operating system to become the industry standard. Once this platform is established, MTI's goal is to become the leading provider of thought controlled software applications in the world. Currently MTI is the only publicly traded company in this sector and will clearly benefit from the increasing exposure.
"What seemed impossible 5 or 10 years ago is now commonplace. Technology is advancing exponentially into the future to the point where our day to day activities will soon involve thought controlled technologies," said Brent Fouch, President and CEO of Mind Technologies, Inc. "We are well on track and have all the pieces in place to achieve our company goal of being the leading BCI and thought controlled technology company in the world," Fouch said.
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.