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Re: hunchboy post# 6653

Friday, 04/21/2023 12:15:11 PM

Friday, April 21, 2023 12:15:11 PM

Post# of 7463
https://www.otcmarkets.com/filing/html?id=2968849&guid=fIm-kFxVe6GWJth

COMPANY HISTORY & DEVELOPMENT OF HAPTICS TECHNOLOGY

Our technology originated at Sandia National Laboratories ("Sandia"), a multi-billion dollar government research laboratory, which is one of the earliest pioneers in the human-computer haptics interaction field. We were established in 2000. We were granted an exclusive license by Sandia that encompasses over five years of pioneering research and development in the field of human-computer haptics interfaces at Sandia. We were the first company in which Sandia received capital stock as part of a licensing agreement. Our CEO, Mr. Tom Anderson was an employee at Sandia and our management team has over 30 years of experience in the human-computer haptics interaction field, and includes some of the earliest researchers in the field of haptics.

We received a first round of funding of approximately $1,500,000 from Manhattan Scientifics, Inc., a publicly traded technology incubator company (OTCBB: MHTX). We have used such funds to grow to a breakeven point with respect to our cash-flow. See, Financial Statements.

In May 2001, Manhattan Scientifics acquired Teneo Computing, Inc. ("Teneo") and caused Teneo to grant to us an exclusive, worldwide license to all of Teneo's technology. The Teneo license brought a number of customers and added a suite of haptics applications and technology for us.

Our revenues are currently approximately $505,566 and $243,080 for 2003 and 2002, respectively. All of our revenues have been from contracts to develop professional applications using our haptics technology for a number of customers, including Chevron, ARAMCO, Woods Hole Oceanographic Institute, Lockheed Martin Perry Technologies, SensAble Technologies, Sandia National Laboratories, Deakin University and Daimler Chrysler Automotive Corporation. Further, we have sold a few haptics interface systems along with its software.



Also:

Novint’s Chief Technology Officer, Walter A. Aviles, has over 20 years of technical and managerial experience, in commercial, government and academic environments, where he has spearheaded the design and development of advanced, first of a kind, human/machine interfaces, virtual environments and robotic systems. Prior to joining Novint, Mr. Aviles was a Vice President at SensAble Technologies and a founding Principal at Teneo Computing. At SensAble, Mr. Aviles helped establish the company's software group, produced the world's first commercial haptic software development toolkit and led the development of the FreeForm haptically enabled 3D product design application. The later received the first Grand Innovation Award ever presented by Computer Graphics World and is used by customers such as Hasbro, Mattel/Fisher-Price and New Balance. At Teneo, he continued to help pioneer the development of commercial, haptically-enabled solutions for customers such as Mobil, NHK and Harvard. Mr. Aviles holds undergraduate and graduate degrees in Electrical Engineering and Computer Science from Stanford University and The Massachusetts Institute of Technology. He is member of the Tau Beta Pi and Sigma Chi engineering honor associations.

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So no, he was an investor over two decades ago...that is it. All that other wording by you is nonsensical.