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2007 Annual Report

2007 ANNUAL REPORT

Strategic Relationships, cont.

Novint Technologies

Novint Technologies
Novint’s Falcon Controller is the first consumer 3-D touch controller that gives a user a very precise sense of touch on a computer.
Novint Technologies, Inc., has taken software it licensed from Sandia and paired it with a 3-D touch controller to make interactive “touch” possible and practical for consumer applications for the first time. With a product called the Novint Falcon, users feel realistic weight, shape, texture, dimension, dynamics, and force effects. This technology, called haptics, is applicable to many fields, including military applications, medical training and visualization, and computer gaming.

To meet Sandia’s goal of commercializing the technology and Novint’s goal of getting financial backing, negotiations took a creative turn. The solution involved Sandia taking a stock position in the company in lieu of most royalties — representing a challenge, as do most “firsts.”

Today Novint has raised $6.5 million to expand its team and finalize a design for its first commercial product. The company, which went public in 2006, is partnering with game developers to create games and software and with hardware manufacturers to expand the use of its technologies.