LONDON, Dec. 20, 2006 (PRIME NEWSWIRE) -- Quantech Electronics Corp. (Pink Sheets:QTCE), software developer for marketing communications, announced that it is has agreed on commercial collaboration with Thought Technologies for the distribution of products based on Quantech's new cutting-edge biofeedback technology.
Thought Technology is the world's largest manufacturer of biofeedback devices, and has sold well over 500,000 biofeedback devices in prices ranging from $60 to $14,000 each. The company has a full-time staff of 53 and devote over $1,000,000 on R&D annually.
Quantech's new biofeedback-based emotion detection systems will be offered to its customers an integral part of Quantech's marketing communications solutions. However, Quantech is also developing a range of bio-feedback products to be used by professionals and laypersons in an endless range of uses to improve individual competencies. Biofeedback is a learning process in which people are taught to improve their well-being and performance by observing signals generated by their own bodies. It is scientifically based and validated by studies and clinical practice.
Quantech's new systems recognize emotion by analyzing speech patterns and therefore will provide immediate feedback on the person's emotional state. As a result, the systems can help people learn to control stress, or symptoms of tension, anxiety, fear, slight depression or despondency, in preparation for meetings, exams, presentations and help with concentration. The potential number of users is enormous; for the subgroup of only mild stress or tension sufferers alone accounts for 10 to 15% of the adult population.
"Until now, biofeedback has been based on physiological indicators, but Quantech's new emotion-detection system has the potential of enhancing all existing types of bio-feedback devices, and opens up an entire new segment for the company. Collaboration with Thought Technologies, the leader in the bio-feedback market, will certainly make a meaningful contribution to Quantech's sales potential worldwide," says Liat Matilsky, CEO of Quantech.
About Thought Technology
Thought Technology is the world's leading biofeedback and psycho-physiological instrument manufacturer. The company produces a wide variety of instrumentation to monitor surface electromyography (sEMG), electroencephalography (EEG), electro-cardiology (EKG), skin conductance, temperature, blood volume pulse and respiration.
About Quantech
Quantech Electronics Corp. is a web-based software development company based in the UK, that offers development services focusing on web-based desktop communication tools, call center support tools, and development packages designed to enhance the effectiveness of web-based advertising and instant messaging. The company's powerful, easy-to-use software enhances the effectiveness and efficiency of its customers' online and offline businesses. Driven to provide comprehensive solution packages for their clients' entire online business needs, Quantech focuses on customized developments for medium to large businesses, as well as start-ups, Quantech's unique technologies and rapid-response systems construct client infrastructure at competitive prices.
Forward-Looking Statements
Certain statements in this news release may contain 'forward-looking' information within the meaning of the Federal securities laws. All statements, other than statements of fact, included in this release may include forward-looking statements that may involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.
To contact Quantech or access more information, please visit our web site at www.quan-tech.co.uk