mind technologies inc (MTEK:OTC US)
mind technologies inc (MTEK) Snapshot
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52 Week High
09/26/12 - $0.01
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52 Week Low
07/23/12 - $0.0001
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Average Volume 10 Days
8.6K
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mind technologies inc (MTEK) Related Businessweek News
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Mind Technologies, Inc. develops software for thought-controlled technologies that allow the user to interact with the computer and other machines through the power of the mind. Its technology involves the use of a wireless headset, which detects brainwaves on the conscious and non-conscious level; and allows computers to interact directly with the human brain. The company’s products include Master Mind, a gaming application that allows users to play PC games with the power of their mind; and Mind Mouse, a thought-controlled software application, which allows the user to navigate the computer, click and double click to open programs, and compose and send emails with the power of their mind. Its products also comprise Think Tac Toe, a game that provides cognitive exercise primarily for children with attention deficit disorder; and elders, who need to continually use and build their focus and concentration skills. The company was formerly known as Jedi Mind, Inc. and changed its name to Mind Technologies, Inc. in August 2010. Mind Technologies, Inc. is based in Cardiff, California.
mind technologies inc (MTEK) Key Developments
Mind Technologies, Inc. announced that it has entered into a License Agreement with VOIS, Inc. Whereby it has granted VOIS a non-exclusive license to use, develop and commercialize Mind Technologies' three thought-controlled software applications, Mind Mouse, Master Mind and Think-Tac-Toe. In exchange for the grant of the license, VOIS has paid a one-time license fee by the issuance to Mind Technologies of 7 million shares of VOIS common stock.
To provide a personal update on the company's progress regarding the filing of Form 211, as well as progress made on the development of the company's proprietary EEG headset
Mind Technologies, Inc. announced the progress being made on the company's proprietary EEG/BCI headset, which is currently in development. The company 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. 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.
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| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 3.3x |
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| Price/Book | NM | Not Meaningful |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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