First Of A New Generation Of Internet Ready Boards Arrives At BrainTech's Research Facilities.NORTH VANCOUVER, B.C.--(BUSINESS WIRE)--Dec. 10, 1999-- BrainTech Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BNTI BNTI Blind Nasotracheal Intubation ), announced today that it has reviewed the functionality of the IMPAC IMPAC International Merchant Purchase Authorization Card IMPAC Intersegmental Major Preparation Articulated Curriculum IMPAC Information for Management, Planning, Analysis, and Coordination (National Institutes of Health) Board (Image Processing Accelerator Card) at the engineering facilities of North Shore Circuit Design (NSCD NSCD Name Service Caching Daemon NSCD National Sports Center for the Disabled NSCD Network Systems and Computing Design (Sprint) ) of Austin, Texas. Subsequently, the IMPAC Board has now arrived at BrainTech's research facilities in North Vancouver, B.C., for the next phase of testing. The IMPAC, which is a joint project between United Technologies UTMC UTMC Urban Traffic Management and Control UTMC United Technologies Microelectronics Center UTMC Underground Terrorist Motorcycle Cult UTMC United Technologies Microelectronics Corporation UTMC Utah Microelectronic Center UTMC Unit Training Management Configuration Microelectronic Systems (now a subsidiary of AeroFlex) and BrainTech, is the first of a new generation of internet ready boards. The IMPAC is designed to serve as a high-speed processor for multi-modal data stream filtering. It has the computational horsepower to crunch through files, images, and other information coming through from the internet, to real-time filter out viruses, and to act as a listening post. Over the next few weeks, BrainTech technicians will be conducting tests under several different scenarios on the IMPAC Board. "When I was undergoing the training at NSCD, I was very pleased with the performance of the IMPAC. In fact it exceeded my expectations in terms of functionality," states Charles Hooge, IMPAC Project lead and BrainTech's Vice President of Research & Development. 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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