Strategic Alliance With ABB Continues to Drive Braintech Success; New Vision Guidance Robotic application to be delivered to a Major North American Automaker.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Braintech, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : BRHI), a leading provider of vision guided robotic software, announced today that it has received a purchase order from its strategic alliance partner 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 for 16 "eVF" built solutions. eVisionFactory (eVF) is the ingredient software platform of ABB's TrueView Vision Guided Robotic System robotic system An integrated system of devices that automate production and manufacturing of goods and services Surgery An AI-based surgical assistant system, which processes sensory input from haptic interfaces and/or allows surgeons to act with more accuracy than . The order from ABB is the first time that the TrueView system will be implemented in an automotive assembly plant, which Braintech views as a potential growth area for vision guided robotic applications. TrueView will provide ABB robots with vision guidance that makes them capable of de-racking car body panels for assembly and processing. The completed TrueView systems are slated to be installed later this year. ABB, Inc. of Auburn Auburn (ô`bərn). 1 City (1990 pop. 33,830), Lee co., E Ala.; inc. 1839. The city's economy centers around Auburn Univ.; there is some manufacturing. 2 City (1990 pop. 24,309), seat of Androscoggin co. Hills and Braintech operate together under a strategic alliance whereby ABB uses Braintech vision guidance technology inside of its TrueView Vision Guided Robotic system. "When we formed our strategic alliance with ABB, we anticipated that the effect would be to increase the number of ABB customers who benefit from eVF, and to broaden the types of systems that we build," said Owen Jones Owen Jones may refer to:
Regarding the financial value of the order, Mr. Jones stated that Braintech differentiates press releases in terms of announcing orders and the installation of systems. This process for press releases is to announce orders from customers that are material to Braintech with subsequent installation releases expected to provide additional detail as appropriate. About Braintech (OTCBB: BRHI) - For more information, visit www.braintech.com. About ABB - ABB's Robotic, Automotive and Manufacturing group is a leading supplier of robots, robotic systems and automation systems to the automotive, manufacturing and consumer industries. With more than 120,000 robots installed worldwide and more than 5,000 employees, ABB is a global leader in flexible factory automation. ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 102,000 people. Statements in this document that are not purely historical are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. and reflect the current views of management with respect to future events and are subject certain risks, uncertainties and assumptions. 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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