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Technology Stocks : Braintech Inc. BRHI Robotics

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From: Savant7/20/2007 11:42:01 AM
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Braintech Ships Q2 Order of eVF Licenses to ABB

ABB Continues Global Expansion of TrueView Systems

VANCOUVER, BC — July 18, 2007 -- Braintech Inc. (BRHI.OB), a leading provider of Vision Guided Robotic ("VGR") software technologies, announced today that it has shipped fifty four (54) eVFTM software runtime licenses to ABB, Inc. (ABB.NYSE), in accordance with the terms of the Exclusive Global Channel Partner Agreement signed by the two companies in April, 2006. These licenses will be used to fill orders for an expanding user base of ABB’s TrueView Vision Guided Robotic systems, (powered by Braintech’s eVF robot vision software) through both direct and channel sales efforts

TrueView system capabilities are expanding into new areas including: racking/de-racking stampings; multiple part per image processing for high speed gear material handling; and the utilization of fixed cameras in press automation applications. These new processes, combined with the already proven TrueView system product portfolio, are being deployed globally at manufacturers such as Ford, Toyota, General Motors and Honda (Japan), as well as key Tier supplier Nemak.. Additionally, ABB channel partners CIM Systems, Automatrics, and Fill (Austria) are adding additional customers including International Truck, Makino, Gestamp and Kolbenschmidt Pierburg (Germany).

Steve West, ABB Global Business Development Manager for TrueView, states, “Working with Braintech, I expect both the number and uses of TrueView systems to continue to expand. More than ever, Braintech’s eVF software platform is critical to managing this growth in both technology offerings and installations. It is eVF’s core design that provides us a means to standardize (regardless of project specifics) integration and service procedures in a rapidly expanding market.”

Owen Jones, Braintech’s CEO and Chairman, says, “We’ve been working hard on some very important new projects that help position TrueView as the standard for Vision Guided Robotics. Our focus will be to continue the development of new vision technologies including an advanced random bin picking system capable of handling a large number of part sizes and shapes."
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