Advanced Optics Electronics Inc. has Press Preview of COLOR-CHEK to Aid Vision Impaired
Thursday November 11, 8:30 am ET
Goal is to Offer Affordable Instant Color ID Units for Vision Impaired
biz.yahoo.com
ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Nov. 11, 2004--On Tuesday, Nov. 2, 2004, Advanced Optics Electronics Inc. (OTCBB: ADOT - News) demonstrated a prototype of its patent applied for COLOR-CHEK device developed to provide instant identification of a large range of colors for the vision impaired. The following newspaper article appeared Monday:
"Albuquerque Journal, Monday, Nov. 8, 2004, Business Outlook, page 3 Colors for the Blind, by Andrew Webb (Of the Journal)
Advanced Optics Electronics, Inc. an Albuquerque firm developing large video displays, said it plans to launch a line of handheld devices to help visually impaired people discern colors.
The firm last week announced it had applied for patents for its Color-Chek device, which officials said could help the estimated 10 million Americans with some form of visual impairment match clothes, identify medications and perform other tasks independently.
The device could eventually find other uses, such as paint matching and cosmetics and such industrial applications as component sorting, said Advanced Optics Electronics, Inc. vice president of finance, John Cousins.
The firm has manufactured several prototypes of the Color-Chek, which uses sensors and software to detect 24 colors on a photographer's color chart and then relay them to the user in either a male or female voice. A retail version, expected to be finished next year, is being designed to detect 64 to 128 colors, said executive vice president, Leslie Robins.
The device which will be about the size of a mobile phone, is expected to enter field testing next spring and be ready for sale in fall of 2005, he said.
The Color-Chek will cost about $90, far less than existing systems costing more than $300, making it more accessible to the consumer market, Robins said.
Founded in 1997, Advanced Optics Electronics, Inc. has yet to turn a profit. Robins said the firm was nearing the first sales of its outdoor, billboard-size video displays. The company has been trying to market that device for several years.
The company, which trades on the bulletin board as ADOT.OB, reported losses of $860,000 for the quarter ended June 30."
Advanced Optics Electronics Inc. is a technology company based in Albuquerque, N.M. The company maintains an R&D facility and manufacturing plant, and is engaged in building large-scale flat panel displays utilizing its patented and patent-pending technology.
In addition to the core business of ADOT, the company has made a strategic technology oriented investment in BIOMODA Inc. BIOMODA Inc. is a company that holds patents and patents pending domestically and internationally for the early detection of lung cancer. ADOT currently holds directly and indirectly 30% of BIOMODA Inc.
This news release contains forward-looking statements that involve a high degree of risk and uncertainty. Such statements include, but are not limited to, statements containing the words "believes," "anticipates," "expects," "estimates," and words of similar import. The company's actual results could differ materially from any forward-looking statements, which reflect management's opinions only as of the date of this report, as a result of risks and uncertainties that exist in our operation, development efforts and business environment. The company undertakes no obligation to revise or publicly release the results of any revisions to these forward-looking statements. You should carefully review the risk factors in other documents that the company files from time to time with the Securities and Exchange Commission, including its Quarterly Reports on Form 10-Q.
Contact Advanced Optics Electronics Inc. at 505-797-7878 or visit their Web site at www.adotsite.com.
biz.yahoo.com
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Contact:
Advanced Optics Electronics Inc., Albuquerque
505-797-7878
www.adotsite.com
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Source: Advanced Optics Electronics Inc. |
