CARDIFF, Calif., Nov. 18, 2010 -- Mind Technologies, Inc. (http://mindtechnologiesinc.com) (Pink Sheets: JEDM), has made significant progress to position itself as the leader in the thought controlled technology sector and is providing this update to elaborate on these recent developments.
Headset Development - The Company is utilizing their majority owned subsidiary, Mind Solutions, Inc., to develop a state of the art EEG headset that will increase the accuracy and reliability of signals produced by the brain. Having a more accurate EEG headset is crucial for the development of medical grade applications, such as controlling an electric wheelchair. "The noise produced by the brain is like an orchestra, we need to isolate the sound produced by the violin in order to produce the most accurate and reliable commands," stated Brent Fouch-CEO. The headset technology being developed will be compatible for the mobile market, allowing users to be away from the stationary PC and operate thought controlled applications anywhere they choose.
Mobile Applications - The Company will begin developing mobile applications for smartphones, which are compatible with the state of the art EEG headset being developed. These applications plan to be based on the Google DROID platform, which is an open architecture system. In addition to The Company's brilliant team of software developers, applications will be produced by outside developers as well. These thought controlled applications will be submitted through The Company's App store for review and sold to the public on a revenue share basis, much like Apple does for their iPhone.
Mind Technologies is moving forward on several more fronts and will continue to update the shareholders with a year-end summary, as well as a conference call in the month of December. The Company will formally announce the date and time for the scheduled conference call through a press release and looks forward to discussing the exciting developments happening within The Company.
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.
FORWARD-LOOKING STATEMENTS
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.
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