Braintech Ships Q2 Order of eVF Licenses to ABB - Marketwire
ABB Continues Global Expansion of TrueView Systems July 18, 2007: 09:00 AM EST
Braintech Inc. (OTCBB: BRHI), a leading provider of Vision Guided Robotic ("VGR") software technologies, announced today that it has shipped fifty four (54) eVFTM software runtime licenses to ABB, Inc. (NYSE: ABB), in accordance with the terms of the Exclusive Global Channel Partner Agreement signed by the two companies in April 2006. These licenses will be used to fill orders for an expanding user base of ABB's TrueView Vision Guided Robotic systems (powered by Braintech's eVF robot vision software) through both direct and channel sales efforts.
TrueView system capabilities are expanding into new areas including: racking/de-racking stampings; multiple part per image processing for high speed gear material handling; and the utilization of fixed cameras in press automation applications. These new processes, combined with the already proven TrueView system product portfolio, are being deployed globally at manufacturers such as Ford, Toyota, General Motors and Honda (Japan), as well as key Tier supplier Nemak. Additionally, ABB channel partners CIM Systems, Automatrics, and Fill (Austria) are adding additional customers including International Truck, Makino, Gestamp and Kolbenschmidt Pierburg (Germany).
Steve West, ABB Global Business Development Manager for TrueView, states, "Working with Braintech, I expect both the number and uses of TrueView systems to continue to expand. More than ever, Braintech's eVF software platform is critical to managing this growth in both technology offerings and installations. It is eVF's core design that provides us a means to standardize (regardless of project specifics) integration and service procedures in a rapidly expanding market."
Owen Jones, Braintech's CEO and Chairman, says, "We've been working hard on some very important new projects that help position TrueView as the standard for Vision Guided Robotics. Our focus will be to continue the development of new vision technologies including an advanced random bin picking system capable of handling a large number of part sizes and shapes.
eVF is a trademark of Braintech, Inc. TrueView is a trademark of ABB, Inc.
Disclaimer
Statements in this document that are not purely historical are forward-looking statements and reflect the current views of management with respect to future events and are subject to certain risks, uncertainties and assumptions. Forward-looking statements in this news release include statements regarding the expansion of both number and uses of TrueView systems, the positioning of TrueView as the standard for Vision Guided Robotics, and the continued development of new vision technologies. It is important to note that the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as technical difficulties in developing the products; competition from other suppliers of similar products; pricing that may not be acceptable to potential markets; and many other known and unknown factors. Readers should also refer to the risk disclosures outlined in the Company's 10-KSB and 10-QSB Forms filed from time to time with the SEC.
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Contact Information: Owen Jones Braintech Inc. #102 - 930 W 1st Street Vancouver, BC, V7P 3N4 604-988-6440 x 200 Email Contact
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