FOR IMMEDIATE RELEASE
March 5, 2009
Contact:
John Zelek
Systems Design Engineering
University of Waterloo
jzelek@tactilesight.com
Tactile Sight Inc. will compete for “World’s Best Technology” Title
Canadian Entrepreneur Grabs Attention of 2009 WBTshowcase
March 5, 2009; Arlington, TX – Tactile Sight Inc. is among the top technology innovators from across the nation and around the world presenting at the March 24-25 WBTshowcase in Arlington, Texas.
Tactile Sight’s Tactile Navigation Belt which allows you to navigate using only touch, was screened and mentored by WBTshowcase commercialization experts to present to an audience including over 100 venture investors and Fortune 500 licensees.
“Tactile Sight’s technology has the ability to revolutionize with touch how we sense location & the environment. The WBTshowcase provides us with the opportunity to make this a reality.” J. Zelek, CTO Tactile Sight Inc.
Each year, just one of the WBTshowcase’s carefully selected presenters receives the "Best of Show" award.
Mr. Huleatt highlighted that the companies groomed to present at the WBTshowcase leave with new knowledge and contact to take their technologies to market and beyond.
“The revolutionary nature of the technologies presenting at the WBTshowcase makes it a must-attend event for investors and licensing scouts,” said Paul Huleatt, WBTshowcase CEO.
The WBTshowcase is the nation's premier event showcasing the largest collection of undiscovered technologies emanating from the world’s leading universities, labs and research institutions. The 2008 World’s Best Technologies Showcase brought together over 75 world-class deals and attracted over 450 attendees including over 100 bonafide investors and Fortune 1000 licensees.
According to Mr. Huleatt, approximately 1/3 of past WBTshowcase presenters have gone on to secure venture capital or a licensing/strategic partnering agreement with a Fortune 500 company. To date, past presenters have raised over $400 million in first (or next) round venture capital.
ABOUT Tactile Sight Inc.
Tactile Sight Inc., a University of Waterloo spinout company, provides sensory substitution systems that map location and object sensing technologies & percepts into haptics (touch). Our current product offering is the Tactile Belt™, a wearable belt that conveys location sensed by GPS/INS system in tactile form. The Tactile Belt will provide independence, freedom & an improvement in the quality of life for people who are blind or people who suffer from Alzheimer’s. Besides the Assistive Device marketplace, other application markets include first responders, military and recreational use. www.tactilesight.com
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