Mind Technologies, Inc.(fka MTEK)

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Mind Technologies, Inc. Updates Progress on BCI Headset

http://precisiontechnology.info/mind-technologies-inc-updates-progress-on-bci-headset/


Mind Technologies, Inc. Updates Progress on BCI Headset

Thursday , February 10, 2011 13:26ET

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http://precisiontechnology.info/mind-technologies-inc-updates-progress-on-bci-headset/

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CARDIFF, Calif., Feb. 10, 2011 /PRNewswire/ -- Mind Technologies, Inc. (http://MindTechnologiesInc.com) (Pink Sheets: JEDM), announced today that design concepts are complete with the Company's new Brain Computer Interface (BCI). The new BCI is a technologically advanced EEG headset which represents a significant upgrade from anything else available on the market today. Funding and completion of the BCI is being facilitated through Mind Technologies' majority owned subsidiary in Europe, Mind Solutions, Inc.

Additionally, Mind Technologies has filled out the Medical Advisory Board. The board includes Dr. Gordon Chiu, who has worked as a research scientist for both Pfizer Inc. and Merck & Co. Inc. and has healthcare and marketing experience with strong links to Wall Street and Asia. Dr. Gerwin Schalk whose main professional interest is technical innovation at the intersection of science, engineering, and economics. His current primary research interest is the further development of brain-computer interface (BCI) technology. The medical advisory board also includes Dr. Richard Thatcher, Dr. Larry Reid, Angela LeVan and Marcia Williams.

"Now that the design is complete, we expect to go to production with funding through Mind Solutions. This is especially beneficial for Mind Technologies and our shareholders because it is being completely funded through Mind Solutions which means we need no additional funding through JEDM which takes pressure off our stock here in the U.S.," said Mind Technologies CEO and President, Brent Fouch. "It is especially interesting that we are receiving more funding opportunities through Europe as a result of our global marketing program which we initiated in January. This will allow us to obtain favorable terms through the European markets for additional funding of the production of the BCI," 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.

Safe Harbor:

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.

[e-mail]
Jeff Dashefsky [phone]


SOURCE Mind Technologies, Inc.

Contacts:

Jeff Dashefsky of Mind Technologies, Inc.
760-635-2595
[e-mail]


Public Companies Associated with this story:
JEDM

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Medical Advisory Board Mind Technologies, Inc. Jedi Mind Inc (pinksheets: JEDM)

Dr. Gordon Chiu

http://mindtechnologiesinc.com/technology/medical-advisory-board

Dr. Chiu has worked as a research scientist for both Pfizer Inc. and Merck & Co. Inc. and has healthcare and marketing experience with strong links to Wall Street and Asia. He is an execution driven businessman with over 15 years of combined domestic and international experience in biomedical, chemical, cosmetic, medical and technology industries. He has served on numerous boards and advisory boards of both public and private companies. His solid background and broad experience has allowed him to accomplish and advise in areas of Alzheimer’s research, antimicrobial research, breast cancer research, dermatology, drug addictions research, and green technologies. His years of experience and continuous involvement have created deep relationships within the scientific, business, and medical communities. Dr. Chiu developed and owns methodologies called directed combinatorial algorithmic libraries (D.C.A.L.) that are used in various research and commercial applications.

http://mindtechnologiesinc.com/technology/medical-advisory-board

Dr. Richard Thatcher

Dr. Larry Reid

Angela LeVan

Marcia Williams

http://mindtechnologiesinc.com/technology/medical-advisory-board

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