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In this article BLK Follow your favorite stocks CREATE FREE ACCOUNTEmployees working in Precision's manufacturing facility Courtesy: Precision NeuroscienceNeurotech startup Precision Neuroscience announced Thursday it has acquired a factory in Dallas, where it will build the key component of its brain implant, the Layer 7 Cortical Interface. Precision said the manufacturing plant is the only facility capable of producing its "sophisticated" electrode array. Stephanie Rider of Precision Neuroscience inspects the company's microelectrode array Source: Precision NeuroscienceAs a member of the fast-growing brain-computer interface (BCI) industry, Precision is developing its technology alongside other companies like Synchron, Paradromics, Blackrock Neurotech and Elon Musk's Neuralink. At the request of the seller, a Japanese multinational corporation, Precision declined to share how much the manufacturing facility cost. Employees working in Precision's manufacturing facility Courtesy: Precision Neuroscience
Persons: we've, Michael Mager, Stephanie Rider, Elon Musk's, Precision's, Benjamin Rapoport, Neuralink, Musk, Mager Organizations: Neuroscience, CNBC, Blackrock Neurotech, Elon Musk's Neuralink, SpaceX, Neuralink, Employees Locations: Dallas, Paradromics
Precision was co-founded by Benjamin Rapoport, who also co-founded Elon Musk's BCI company, Neuralink , and Michael Mager. But while Neuralink's BCI is designed to be implanted directly into the brain tissue, Precision relies on a surgical technique that is designed to be less invasive. A BCI is a system that deciphers brain signals and translates them into commands for external technologies, and several companies have successfully created devices with this capability. The device is called the Layer 7 Cortical Interface , and it's a brain implant that aims to help patients with paralysis operate digital devices using only neural signals. "I think that the brain is, in a lot of ways, the next frontier for modern medicine," he said.
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