Canadian Autoparts Toyota Inc. Contracts BrainTech To Undertake Feasibility Study.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--(BUSINESS WIRE)--Oct. 20, 1999-- BrainTech Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BNTI BNTI Blind Nasotracheal Intubation ), announced today that it has been granted a Feasibility Contract by Canadian Autoparts Toyota Inc., known as CAPTIN CAPTIN Cardiology Either of 2 clinical trials–1. Captopril before Reperfusion in Acute Myocardial Infarction 2. Captopril Plus Tissue Plasminogen Activator following Acute Myocardial Infarction . Toyota Inc. was the first Japanese automobile company to open a major manufacturing facility in Canada. Their factory, which is situated in Delta, British Columbia Delta is a district municipality in British Columbia, Canada. Located south of Richmond, it is bordered by the Fraser River to the north, the United States (Point Roberts, Washington) to the south and the city of Surrey to the east. , manufactures approximately 1,000,000 aluminum alloy wheels per year. CAPTIN supplies wheels to Toyota manufacturing facilities in Canada, the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Japan. Canadian Autoparts Toyota Inc., has contracted BrainTech to study the feasibility for automatic identification for various types of wheels, as well as inspection of various physical parameters of individual wheels. It is anticipated that utilizing BNTI's BrainTron classifier and machine vision technology for the identification of various wheels will allow CAPTIN to give advanced instructions to various processing stations, by predicting a certain type of wheel and adjusting their parameters accordingly. This is intended to reduce mistakes and increase the overall efficiency of the manufacturing process. In addition to the identification of wheels, BrainTech will also investigate the feasibility of extracting other features from wheels such as surface finish, color, dimensions etc. for the purposes of inspection and quality control. About Canadian Autoparts Toyota Inc. In 1985, Canadian Autoparts Toyota Inc., known as CAPTIN, began producing aluminum alloy wheels in Delta, British Columbia. By 1987, this $20 million investment had reached its targeted maximum output of 240,000 wheels annually. A $26 million expansion project completed during 1989 increased annual output to over 480,000. An additional expansion in the early 1990s brought total investment to about $96 million, and production capacity to over 700,000 wheels yearly. Presently the factory produces approximately 1,000,000 wheels annually and is gearing up its systems to increase production further. CAPTIN is an important supplier of wheels to Toyota manufacturing facilities in Canada, the United States and Japan. 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 (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. , 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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