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For an overview see Hawkins' 2005 presentation at UC Berkeley. It includes a demonstration of an early version of the software that can recognize handwritten letters and distinguish between stick figure dogs and cats. Whitepapers are available at Numenta's website.
Numenta wisely decided to build a community of developers rather than try to make everything proprietary. Yesterday they released the first version of their free development platform and the source code for their algorithms to anyone who wants to download it."