Novint Awarded Military R&D Subcontract to Give Robots the Sense of Touch

ALBUQUERQUE, NM--(Marketwire - 10/13/09) - Novint Technologies, Inc. (OTC.BB:NVNT - News) today announced it has been awarded a subcontract with iRobot Corp. (NASDAQ:IRBT - News) for a military robotics project funded by the Secretary of Defense Joint Ground Robotics Enterprise through the Robotics Technology Consortium (RTC). Under this subcontract, Novint will co-develop a Remote Touch Kit (RTK) for one of iRobot's military-grade unmanned ground vehicles, called the PackBot. With the RTK soldiers will, for the first time, experience force and tactile sensing when operating the PackBot from a distance.The RTK will allow soldiers to feel how hard the PackBot's "gripper" squeezes an object, safely pick up and handle fragile objects, and feel when the robot's arm touches a wire or reaches a movement limit. When driving the robot, soldiers will also feel bumps and jerks of the robot, improving performance over rugged terrain.The result will be greatly reduced task times and operator burden, increased dexterity and situational awareness, and reduced training."As demand for unmanned military robots continues to grow, Novint's touch technology will play a crucial role in enhancing operator control ...
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NOVINT TECHNOLOGIES INC Financials

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Novint Awarded Subcontract to Develop Physical Rehabilitation Game for Military

ALBUQUERQUE, NM--(Marketwire - 09/01/09) - Novint Technologies, Inc. (OTC.BB:NVNT - News) today announced it has been awarded a Phase I Small Business Innovation Research (SBIR) subcontract to develop a videogame that will improve cognitive, motor, and sensory performance in soldiers suffering from traumatic brain injury (TBI). The SBIR was awarded by the Office of the Secretary of Defense (OSD) Defense Health Program. Novint's partner on the project will be SimQuest LLC, the recipient of the SBIR grant. SimQuest is a highly regarded biomedical training company with offices in Maryland and Massachusetts, and is a frequent collaborator with Novint on Federal research projects. The videogame is anticipated to run on the Xbox 360(TM) platform in conjunction with Novint's award-winning high-fidelity touch controller, the Novint Falcon, and will allow patients to perform rehabilitative tasks using their sense of touch, in a highly interactive and engaging gaming context. Novint's Falcon will deliver realistic forces corresponding with the task being performed, and will also deliver corrective or cuing forces to further enhance treatment. For example, a patient trying to reach for an object may not be able to control the trajectory of his or her hand movement. The Falcon is able to establish spatial limitations on movement between the patient and target object, and will apply a counterforce to the patient's arm to keep it moving on the proper trajectory. Application of counterforce has been shown to decrease tremor and improve accuracy ...
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NOVINT TECHNOLOGIES INC Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Statements included in this management's discussion and analysis of financial condition and results of operations, and in future filings by the Company with the SEC, in the Company's press releases and in oral statements made with the approval of an authorized executive officer that are not historical or current facts are "forward-looking statements" and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical earnings and those presently anticipated or projected. You are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The following important factors, among others, in some cases have affected and in the future could affect the Company's actual results and could cause the Company's actual financial performance to differ materially from that expressed in any forward-looking statement: (i) the extremely competitive conditions that currently exist in the market for companies similar to the Company and (ii) lack of resources to maintain the Company's good standing status and requisite filings with the SEC. The foregoing list should not be construed as exhaustive, and the Company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. The following discussion should be read in conjunction with our financial statements and their explanatory notes included as part of this report. OVERVIEW We were initially incorporated in the State of New Mexico as Novint Technologies, Inc. in April 1999. On February 26, 2002, we changed our state of incorporation to Delaware by merging into Novint Technologies, Inc., a Delaware corporation. We have no subsidiaries and operate our business under Novint Tec...
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Improved Sales, Reduced Expenses, and Professional Applications for Novint

ALBUQUERQUE, NM--(Marketwire - 07/08/09) - Novint Technologies, Inc. (OTC.BB:NVNT - News), the pioneer of 3D Touch for consumer computing, is pleased to announce strong sales of the Falcon during the past two weeks. Over the past 6 months, Novint has reduced expenses in an effort to streamline the company and its operations. In doing so, Novint has maintained its most critical resources, including key staff, inventory, and Intellectual Property, and did so in order to be well positioned to grow and become profitable.To further increase revenues and income, Novint also began to once again put effort into high end professional contracts which resulted in, among other things, a joint project with SimQuest to utilize the Falcon in medical applications, which Novint has made great progress on this year. We are continuing to focus on high end professional contracts and expect to continue to expand our revenues in this area.In addition, Novint continues to work on releasing major video game titles. The first of these titles, contained in Valve's Orange Box, were released about two weeks ago. The release of these Falcon-enabled games has driven a strong percentage increase in consumer Falcon sales."I believe Novint has crossed a threshold where many gamers who see the Falcon want to buy it," said CEO Tom Anderson. "I believe we are at a point where guerilla marketing efforts and word of mouth will significantly increase our consumer Falcon sales. Combine that with our renewed diversification into the pro-app market, a...
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NOVINT TECHNOLOGIES INC Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. Statements included in this management's discussion and analysis of financial condition and results of operations, and in future filings by the Company with the SEC, in the Company's press releases and in oral statements made with the approval of an authorized executive officer that are not historical or current facts are "forward-looking statements" and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical earnings and those presently anticipated or projected. You are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The following important factors, among others, in some cases have affected and in the future could affect the Company's actual results and could cause the Company's actual financial performance to differ materially from that expressed in any forward-looking statement: (i) the extremely competitive conditions that currently exist in the market for companies similar to the Company and (ii) lack of resources to maintain the Company's good standing status and requisite filings with the SEC. The foregoing list should not be construed as exhaustive, and the Company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. The following discussion should be read in conjunction with our financial statements and their explanatory notes included as part of this report. OVERVIEW We were initially incorporated in the State of New Mexico as Novint Technologies, Inc. in April 1999. On February 26, 2002, we changed our state of incorporation to Delaware by merging into Novint Technologies, Inc., a Delaware corporation. We have no subsidiaries and operate our business under Novint ...
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NOVINT TECHNOLOGIES INC Files SEC form 10-K/A, Annual Report

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion and analysis of the results of operations and financial condition of Novint Technologies, Inc. for the fiscal years ending December 31, 2008 and 2007 should be read in conjunction with our financial statements and the notes to those financial statements that are included elsewhere in this report. Our discussion includes forward-looking statements based upon current expectations that involve risks and uncertainties, such as our plans, objectives, expectations, and intentions. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result of a number of factors, including those set forth under the Risk Factors, Cautionary Statement Regarding Forward-Looking Information, and Business sections in this report. We use words such as "anticipate," "estimate," "plan," "project," "continuing," "ongoing," "expect," "believe," "intend," "may," "will," "should," "could," and similar expressions to identify forward-looking statements. Overview We were initially incorporated in the State of New Mexico as Novint Technologies, Inc. in April 1999. On February 26, 2002, we changed our state of incorporation to Delaware by merging into Novint Technologies, Inc., a Delaware corporation. We have no subsidiaries and operate our business under Novint Technologies, Inc. We are a haptics technology company (haptics refers to your sense of touch). We develop, market, and sell applications and technologies that allow people to use their sense of touch to interact with computers. We have derived revenues from 3D touch hardware sales, 3D touch software sales, and the development of professional applications for our customers. We launched our Falcon product in June 2007, and...
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NOVINT TECHNOLOGIES INC Files SEC form 10-K, Annual Report

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion and analysis of the results of operations and financial condition of Novint Technologies, Inc. for the fiscal years ending December 31, 2008 and 2007 should be read in conjunction with our financial statements and the notes to those financial statements that are included elsewhere in this report. Our discussion includes forward-looking statements based upon current expectations that involve risks and uncertainties, such as our plans, objectives, expectations, and intentions. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result of a number of factors, including those set forth under the Risk Factors, Cautionary Statement Regarding Forward-Looking Information, and Business sections in this report. We use words such as "anticipate," "estimate," "plan," "project," "continuing," "ongoing," "expect," "believe," "intend," "may," "will," "should," "could," and similar expressions to identify forward-looking statements. Overview We were initially incorporated in the State of New Mexico as Novint Technologies, Inc. in April 1999. On February 26, 2002, we changed our state of incorporation to Delaware by merging into Novint Technologies, Inc., a Delaware corporation. We have no subsidiaries and operate our business under Novint Technologies, Inc. We are a haptics technology company (haptics refers to your sense of touch). We develop, market, and sell applications and technologies that allow people to use their sense of touch to interact with computers. We have derived revenues from 3D touch hardware sales, 3D touch software sales, and the development of professional applications for our customers. We launched our Falcon product in June 2007, and...
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