BrainTech and ABB Canada Form Strategic Marketing Alliance for Vision Guided Robotic Systems.Business/Hi-Tech Editors NORTH VANCOUVER North Vancouver, city (1991 pop. 38,436), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver, of which it is a suburb. Shipbuilding, woodworking, and the shipping of grain, lumber, and ore are the chief industries. , British Columbia/BRAMPTON, Ontario--(BUSINESS WIRE)--May 1, 2000--BrainTech Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BNTI BNTI Blind Nasotracheal Intubation ), and ABB n. 1. Among weavers, yarn for the warp. Hence, Noun 1. ABB - an urban hit squad and guerrilla group of the Communist Party in the Philippines; formed in the 1980s Canada announced today that they have signed a Strategic Alliance Agreement. The agreement formalizes their intention to jointly market vision guided robotics systems. In today's world, industrial robots are increasingly used in a variety of manufacturing tasks. Although they have great flexibility, they are still limited to only basic sensory information, which can limit their usability and adaptability. A robot's programmed path of activity requires a series of constant locations in space to effectively operate; otherwise it would simply crash into the item it was working on. What Machine Vision Technology can do is provide the robot with "eyes" to see where the part is located and accurately adjust its operating path accordingly. This eliminates the need for expensive, hard to calibrate To adjust or bring into balance. Scanners, CRTs and similar peripherals may require periodic adjustment. Unlike digital devices, the electronic components within these analog devices may change from their original specification. See color calibration and tweak. and maintain fixturing devices. This can provide robots with a flexibility that results in massive cost savings for automated robotic manufacturing cells. "Both BrainTech and ABB Canada bring excellent competencies to this alliance," notes Barry Mitchell
Barry Mitchell (b. March 6, 1952) is the Brooklyn-born comedian, musician and TV producer known as "Accordion Guy" to viewers of ABC-TV's quirky, overnight broadcast, World News Now. , General Manager, ABB Flexible Automation in Canada. "BrainTech is the domestic technological leader in their field, and ABB has more than 80,000 robots installed worldwide. In addition to its renowned brand name, ABB offers customers a unique combination of global expertise, commitment to R & D and local service. BrainTech and ABB are already integrating our first robotic vision system for Amcan Castings Ltd., which is based in Hamilton, Ontario. We foresee a long and fruitful relationship with BrainTech." Owen Jones Owen Jones may refer to:
About ABB Flexible Automation ABB Flexible Automation is part of ABB Canada, a technology firm serving customers in power transmission and power distribution; automation; oil, gas and petrochemicals; building technologies; and financial services. ABB developed the very first industrial robot over 25 years ago and it has consistently set the pace for innovation in the automation industry. Today, ABB is a leading supplier of robotized automation solutions, products, systems and services, primarily serving the automotive, foundry, consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and , metal fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. , and plastic markets. ABB Canada, with its headquarters in Ville Saint-Laurent, Quebec, serves customers in automation; power transmission and distribution; oil, gas and petrochemicals; building technologies; and financial services. Canadian operations employ 2,500 people in some 40 locations from coast to coast. http://www.abb.com/canada. Worldwide, ABB Group reported revenues of $25 billion in 1999. With novel IT applications, tailored software solutions, growing eBusiness, and a fast-expanding knowledge and service base, ABB is building links to the new economy. The Group employs about 165,000 people in more than 100 countries. 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 Ceo, Director 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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