Mind Technologies Inc (Pink Sheets: JEDM | PowerRating), a developer of software
for thought controlled technologies, revealed on Tuesday that it has entered into a joint venture agreement with Amplitech Inc, an ISO 9001:2008 certified company.
Financial details of the deal were not disclosed.
The agreement allows Mind Technologies to purchase 100% of the business, assets and revenue streams of Amplitech, a company with revenues of approximately USD1.2m and over USD800,000 in total assets.
According to Mind Technologies the acquisition will give the company a leading position in the BCI (Brain Computer Interface) market, by developing state of the art hardware components that will enhance the accuracy and reliability of EEG signals produced by the brain.