BrainTech Inc. Announces Reseller Agreement With Numerical Algorithms Group Inc.NORTH VANCOUVER, B.C.--(BUSINESS WIRE)--June 24, 1999-- BrainTech (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:BNTI BNTI Blind Nasotracheal Intubation ) announces a reseller agreement with the Numerical Algorithms Group The Numerical Algorithms Group (NAG) is a non-profit software company, whose head office is in Oxford, UK. The group was founded by Brian Ford and others in 1970 as the Nottingham Algorithms Group. (NAG 1. NAG - Numerical Algorithms Group. 2. NAG - The Linux Network Administrators' Guide. ), a leading supplier of numerical routines for mathematical and statistical analysis. The NAG Library product will be an optional library available with the ODYSEE Development Studio, set for release on July 1st, 1999. The ODYSEE Development Studio is a productivity tool for the rapid design and testing of machine vision applications. It allows system integrators to quickly develop prototypes for commercial applications. NAG develops software that provides users with accurate, robust and easy to use numerical software components for expeditious ex·pe·di·tious adj. Acting or done with speed and efficiency. See Synonyms at fast1. ex application development. NAG Libraries have been under continuous development for nearly thirty years and cover most areas of mathematics and statistics. NAG collaborates with the world leaders in numeric disciplines and computer science to provide users with the finest state-of-the-art algorithms. For example, NAG partnered with Intel to create an improved version of the high performance Intel Math Kernel Library (MKL MKL Math Kernel Library (Intel) MKL Much Klown Love MKL Multi-space Karhunen-Loeve (transform) MKL Jackson, TN, USA - McKellar Field (Airport Code) MKL Modeling Kernel Language ) which provides optimal performance on new and future Intel based computers. BrainTech's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Owen Jones states, "NAG routines have been used effectively in many major projects including medical research, environmental studies, theoretical physics, meteorology meteorology, branch of science that deals with the atmosphere of a planet, particularly that of the earth, the most important application of which is the analysis and prediction of weather. , third-world agricultural development and many more. We are pleased to offer our customers the reputable NAG library within BrainTech's easy-to-use ODYSEE Development Studio. ODYSEE users will have access to NAG's well-tested library to solve even the most complex problems." "BrainTech's ODYSEE product provides NAG users access to a new technology productivity tool for the machine vision market," comments Tony Nilles, vice president of sales and marketing for NAG. About Numerical Algorithms Group Inc. NAG has almost thirty years experience in developing, porting, distributing and supporting scientific software. NAG supplies a range of software libraries, compilers, tools and associated products for the professional programmer in industry, government and education. NAG has offices in Chicago, Oxford UK, Munich and Tokyo, as well as distributors worldwide. About BrainTech Inc. BrainTech specializes in the design, development and commercialization of advanced pattern recognition technologies and products. Founded in 1994, the company builds highly effective, adaptive pattern matching recognition systems based on its patented technologies. BrainTech is a public trading company listed on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. , and trades under the symbol BNTI. For more information, visit http://www.bnti.com. ON BEHALF OF THE BOARD OWEN JONES PRESIDENT The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 provides a "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " for forward-looking statements. Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by BrainTech, Inc.) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the high technology industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of BrainTech, Inc. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financial activities, domestic and global economic conditions, changes in federal or state income tax laws, and market competition factors. |
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