Brain Technology ENTERS INTO COOPERATIVE Exploration AND Growth Settlement WITH US NAVY

THE WOODLANDS, Texas, Dec. 13, 2021 /PRNewswire/ — Head Technological know-how, Inc. (NASDAQ: Brain) (“Head” or the “Business”) is happy to announce these days that it has entered into a Cooperative Study and Enhancement Agreement (“CRADA”) with the United States Navy’s Naval Floor Warfare Center, Panama Town Division (NSWC PCD).

The CRADA, titled, “Sophisticated Mine Obtaining,” will let experts and engineers from Head and the US Navy to collaborate on optimizing the future generation of mine-searching sonar systems to ensure that they fit the needs of the warfighter.

Commenting on the arrangement, MIND’s Main Technology Officer, Andy Meecham, stated, “As a result of our subsidiary, Klein Marine Techniques, Head has a extended record of supporting the US Navy. I am thrilled that this CRADA will enable us to leverage the knowledge of the experts and engineers at NSWC PCD to offer progressive options to the warfighter, now and into the long term. This arrangement demonstrates our corporate focus on innovation and new know-how, which has shipped game-modifying abilities this sort of as our distinctive complete-swath MA-X™ sonars, will proceed to define the gold standard in underwater sensing.”

ABOUT Brain Technological know-how

Thoughts Technologies, Inc. presents technologies to the oceanographic, hydrographic, defense, seismic and stability industries. Headquartered in The Woodlands, Texas, Intellect has a world-wide existence with critical operating places in the United States, Singapore, Malaysia, and the United Kingdom. Its Seamap and Klein units, style and design, manufacture and promote specialized, superior overall performance, marine sonar and seismic equipment.

Ahead-wanting Statements

This release could consist of “forward-wanting statements” in the that means of federal securities guidelines. These forward-wanting statements are matter to a number of threats and uncertainties, lots of of which are outside of the Company’s management. All statements, other than historical points integrated in this release, are ahead-on the lookout statements. All forward-on the lookout statements communicate only as of the date of this launch and, other than as expected by regulation, the Company does not undertake any obligation to update or revise any forward-hunting statement, no matter if as a end result of new information and facts, foreseeable future activities or usually. While the Business believes that the options, intentions and expectations mirrored in or suggested by the forward-hunting statements are sensible, there is no assurance that these strategies, intentions or anticipations will be attained. Hence, precise outcomes and outcomes could materially vary from what is expressed, implied or forecast in these types of statements.

This launch consists of selected ahead-searching statements that are primarily based on recent plans and expectations and are topic to many threats and uncertainties. The Company’s organization and any presenting may perhaps be affected by a lot of elements that are tricky to predict, entail uncertainties that might materially have an effect on actual results and are generally further than the Company’s regulate. These dangers and uncertainties contain, with no limitation, reductions in our customers’ capital budgets, our have money budget, constraints on the availability of capital or increased costs of money, volatility in commodity prices for oil and normal gasoline and the extent of disruptions prompted by the COVID-19 outbreak. For a whole discussion of these pitfalls and uncertainties, remember to see our filings with the SEC, like our Yearly Report on From 10-K, Quarterly Reports on Kind 10-Q and Present-day Reports on Variety 8-K.


Rob Capps, President & CEO

Brain Technologies, Inc.


Ken Dennard / Zach Vaughan

Dennard Lascar Trader Relations


[email protected]



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