Advanced Optics Electronics, Inc. Has Press Preview
of COLOR-CHEK to aid Vision Impaired
Goal is to Offer Affordable Instant Color ID Units for
Vision Impaired
On
"Albuquerque Journal, Monday, November 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,
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."
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Advanced Optics Electronics, Inc. (ADOT – OTC: BB) is a
technology company based in
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.
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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.