BNTI NEWS OUT- VERY VERY GOOD
Monday July 6, 9:30 pm Eastern Time
Company Press Release
BrainTech Inc. Teams With UTMC On Vision System
Project and BrainTech's Odysee Development System
Marketing
VANCOUVER, British Columbia--(BUSINESS WIRE)--July 6, 1998-- BrainTech, Inc. (symbol:
BNTI on the OTC Bulletin Board) today signed an agreement with UTMC Microelectronic Systems
Inc. (UTMC), a wholly owned subsidiary of United Technologies Corporation [NYSE:UTX -
news], to jointly develop, manufacture and market a visual recognition accelerator board to be used
in the multi-billion dollar vision systems industry.
Machine vision systems are used for manufacturing quality inspection, security and surveillance,
military target identification, and other applications.
The new board, called IMPAC(tm), will utilize BrainTech's BrainTron(tm) adaptive fuzzy chip and
UTMC's UTCAM-Engine(tm) content addressable memory (CAM) chip to achieve the higher
speeds required to recognize visual patterns in machine vision systems. Under the agreement,
UTMC will manufacture and assist BrainTech in the marketing of the IMPAC(tm) board.
In addition, the agreement calls for UTMC to use its worldwide marketing channels to promote
BrainTech's Odysee(tm) Development System, a rapid application development environment that
enables BrainTech to design and build visual object recognition solutions quickly and affordably.
Odysee allows BrainTech to develop a prototype pattern recognition solution in just a few days, then
integrate it into a turnkey or embedded solution with all necessary front-end sensors, computers and
robotics.
''The UTMC UTCAM-Engine(tm) is a perfect match for IMPAC(tm). This joint effort opens up a
great new market for both our companies,'' said Charles H. (Nick) Ide, UTMC president.
''Our association with UTMC is a milestone in the four-year history of our company,'' said
BrainTech president Owen Jones. ''It positions us to take a leading role as a solutions provider to
the Vision Systems industry with the means to handle rapid growth.''
UTMC, a business unit of Hamilton Standard, part of the United Technologies Corporation family of
companies, is a supplier of semicustom and standard VLSI circuits and custom circuit card
assemblies to the aerospace and defense marketplace. UTMC has received Qualified Manufacturer
List (QML) certification for QML Q and QML V and ISO 9002 registration from Underwriters
Laboratories. It has also received a letter of compliance for ISO 9001 from the Defense Supply
Centre, Columbus. Further information is available by calling 1-800-645-UTMC, or writing UTMC,
4350 Centennial Blvd., Colorado Springs, CO 80907, or at UTMC's home page at
www.utmc.com.
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 shares
trade on the OTC Bulletin Board under the symbol BNTI. For more information, visit
bnti.com.
BRAINTECH, odysee, BrainTron are registered trademarks of BRAINTECH INC. IMPAC is a
jointly owned trademark of UTMC and BrainTech. UTMCAM-Engine is a registered trademark of
UTMC.
The Private Securities Litigation Reform Act of 1995 provides a ''safe harbor'' 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.
Contact:
BrainTech, Inc
Cynthia Morgan, 604/986-6121
604/980-7121 (FAX)
E-mail: cynthia@bnti.com
or
UTMC Microelectronic Systems Inc. (UTMC)
Teresa Farris, 719/594-8035
719/594-8468 (FAX)
E-mail: farris@utmc.utc.com
Watch Internet stock KLB next to KTEL AND AMZN.
CP |
