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The next big project from crowd-funded website Kickstarter is Pressy; this is a button that fits into the 3.5mm earphone jack on an Android phone and can be set-up to do a number of things with your handset like toggle Wi-Fi on and off, act as the shutter for the camera, start an audio recording. Anything your phone can do can be set up to run using Pressy...
Source: http://www.phonearena.com/news/Kickstarter-project-Pressy-raises-over-500000_id47569