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*BREAKING* News From Braintech (OTCBB: BRHI) |
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Dear Reader,
Braintech Inc. (OTCBB: BRHI), remains one the most fascinating companies we've ever profiled. Braintech's technology allows robots to SEE what they are doing, to take a greater role in assembly and manufacturing and provide tremendous cost savings to its users - including some of the world's largest auto makers.
Today's Breaking News details a significant order for Braintech's 3D Guidance soultion to be used with the U.S. Governement's new Joint Strike Fighter. Read below how Braintech is expanding its business into the Government sector.
And ... If you missed our July 18th full profile on Braintech - Click on this link to view it.
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*Today's News* |
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Press Release
Source: Braintech, Inc.
Thursday October 13, 8:00 am ET
Braintech to Supply a 3D Vision Guidance Solution for Autonomous Docking of the
US Government's New Joint Strike Fighter, ('JSF')
Gantry Manufacturer Gudel, Inc. to Provide Vision Controlled Gantry
VANCOUVER, British Columbia, Oct. 13 /PRNewswire-FirstCall/ -- Braintech, Inc. (OTC Bulletin Board: BRHI - News), a leading provider of vision guided robotic, ("VGR") software solutions, announced today that it has received an order from gantry manufacturer, Gudel, Inc. to develop an eVisionFactory(TM) (eVF(TM)) based 3D-vision guidance solution. The eVF vision solution will accurately guide a large gantry, combined with an autonomous ground vehicle to grasp the new Joint Strike Fighter, for the purpose of precisely docking the aircraft on maintenance pylons.
Dale Cozart, Product Manager at Gudel states, "We chose Braintech because of their success in the automotive industry and their willingness to think outside the box in the application of their product to new industries. Their product eVF provides a stable platform for cost effectively developing reliable systems and their technologies and expertise are industry-leading in the area of 3D guidance."
Commenting on the JSF order, Owen Jones, CEO of Braintech says, "We see great opportunities for expanding our business into the Government sector. These types of projects form the foundation of a focused government business unit."
About Braintech -- For more information, visit www.braintech.com
About Gudel, Inc. -- For more information, visit www.gudel.com
NOTE: eVisionFactory and eVF are trademarks of Braintech, Inc. and its subsidiaries.
Statements in this document that are not purely historical are forward- looking statements and reflect the current views of management with respect to future events and are subject to 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.
Contact:
Jennifer Summers
Braintech Inc.
#102 - 930 W 1st Street
Vancouver BC V7P 3N4
604-988-6440 x 202
jsummers@braintech.com
This press release distributed by PRWEB (www.prwebdirect.com), a service of eMediaWire.
Source: Braintech Inc.
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About Braintech |
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Braintech, Inc. ("BRHI") (OTCBB: BRHI), is headquartered in Vancouver, Canada with offices in Detroit, MI and the technology corridor of Northern Virginia. A public company since 1994, Braintech researches and develops software technologies and products for industry.
Braintech's flagship product, eVisionFactory™, (“eVF™”) is a software application for developing 3D-Machine Vision solutions. eVF includes Braintech's award winning and patented single camera 3D, (SC3D™) guidance technology that enables a robot to “see.”
Braintech Received the Prestigious Henry Ford Technology Award
Recognizing its Exceptional Technical Contributions
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Vision Guided Robotics (VGR) is a “Disruptive Technology”
Braintech is the only VGR software supplier to produce a software application capable of handling the wholesale adoption and high volume demand for VGR systems seen as the next manufacturing wonder machine.
Braintech solved the rapid expansion requirements that a new market demands by exclusively partnering with industrial giant ABB, who has introduced Trueview Vision Guided Robotic Systems featuring eVF.
Trueview has established itself as the “best-of-breed” system with close to 100 systems installed with major automakers and auto-parts suppliers.
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"Seeing" Robots are Rapidly Changing the Landscape of Manufacturing
Click here to read about how auto parts makers have embraced Vision Guided Robotics into their factories - Manufacturing Automation: June 2005 |
Now, for the first time, vision guided robots (VGR) can perform tasks that radically reduce two major manufacturing costs:
1. Seeing robots can replace humans operators for many of the difficult to automate operations and eliminate associated costs of wages, injuries and pensions;
2. Seeing robots do not require costly, exact fixturing and eliminate associated capital costs of expensive conveyors, grippers and dunnage.
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The Payback of a VGR System is Less Than Six Months
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Source: UN 2004 World Robotics
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Investment Highlights |
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Braintech's Major Priorities are Profitability and Increased Shareholder Value |
Braintech adopted a business strategy to develop a new product for a new category. As evidenced by its past financial performance this requires significant investment without any guarantee of success.
What is clear is that BRHI business plan is starting to work. BRHI has achieved the following key factors of success:
1. A proven product
2. Secured a Global Channel Partner
3. Installed “first-orders” systems with most of the world's automakers
4. Repeat orders
5. Increasing Revenues.
It's because of these achievements that Braintech management can now shift focus and concentrate on increasing sales. While continuing business development initiatives with ABB, penetrating the government sector and on-going development of Cobuss, BRHI is supporting ABB to sales blitz the Trueview Material Handling of Rigid Parts System.
Management believes a threshold of customer acceptance has been achieved and that wholesale adoption of this system is possible. An independent survey suggests that in engine assembly plants alone there are as many as 30,000 potential installations worldwide. Closer to home, BRHI/ABB anecdotal analysis confirms many 10's of installations per plant.
The Braintech / ABB Strategic Alliance has succeeded in selling VGR solutions into the automotive industry and as of 2004 the Trueview product set with the eVF software platform and Braintech vision guidance technologies has attained wide industry acceptance. Currently, eVF-driven Trueview systems handle millions of parts on assembly lines flawlessly.
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For example, Braintech software inside the Trueview system has been installed at Ford Motor Company, General Motors, TI Automotive Group, ZF Batavia, Pullman Industries and a Toyota Group company, among other major manufacturers. |
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Recent News From Braintech |
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Press Release
Source: Braintech, Inc.
Wednesday September 28, 8:00 am ET
Braintech Receives Order from ABB for Two Material Handling Solutions
ABB to Install Complete TrueView(TM) Systems for Transmission Assembly at a Global Automaker's Powertrain Plant
VANCOUVER, British Columbia, Sept. 28 /PRNewswire-FirstCall/ -- Braintech, Inc. (OTC Bulletin Board: BRHI - News), a leading provider of vision guided robotic, ("VGR") software solutions, announced today that it has received a purchase order from ABB (NYSE: ABB - News), for two eVisionFactory(TM) ("eVF") built solutions. eVF, Braintech's software platform, is part of ABB's TrueView(TM) Vision Guided Robotic System offering.
The order is for two solutions that utilize Braintech's patented SC3D(TM) guidance technology to pick torque converter parts out of imprecise dunnage and place them into an assembly station for processing.
Commenting, Braintech CEO Owen Jones said, "This order represents a number of 'firsts' including: the first use of Trueview by this ABB customer in a powertrain application and the first TrueView systems being shipped using ABB's new IRC5 controller. As with so many of our other first orders, upon successful installation, we anticipate additional application opportunities and repeat orders for TrueView. These orders represent a continued expansion of our growing user and installed base."
To read the entire news release - Here is the link
Press Release
Source: Braintech Inc
Monday September 26, 2:41 pm ET
Braintech Introduces New Vision Tracking Technology at the 2005 International Robot & Vision Show
ABB Combines New IRC5(TM) Controller With TrueView(TM)
VANCOUVER, British Columbia, Sept. 26 /PRNewswire/ -- Braintech, Inc. (OTC Bulleting Board: BRHI), a leading provider of vision guided robotic ("VGR") software and solutions, announced today that it has invented a novel approach to visually tracking moving parts such as those transported on conveyors. The new technology, called SCTrac(TM), (patent pending) uses one or more cameras to image a given part in real time and provides an industrial robot with a continuous stream of data about where the part is, how fast and in what direction it is moving.
In support of ABB, the company will co-demonstrate, (at the Robot & Vision Show) ABB's new TrueView(TM) MovingLine system featuring ABB's IRC5 controller integrated with Braintech's eVF software platform, Braintech's SC3D guidance technology and the SCTrac tracking technology. The combination of ABB IRC5 with Braintech vision, delivers unprecedented intelligence in flexible automation. Manufactures can now automate many materials handling and general assembly processes currently carried out manually.
To read the entire news release - Here is the link
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Financial Highlights |
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| Shares Outstanding 22,844,000 |
Trailing 12 Mo. Sales Growth (9/30/04) 90% |
| Market Cap (est) $11.6 M |
Price/Sales 16.4 |
| Float 51% |
ROE 741% |
| Avg Daily Volume (90-day) 19,965 |
Current Ratio 1.58 |
| 52 Week Range $0.32 - $0.99 |
1 yr Stock Performance (3/2/05) +74% |
BRHI vs.XCI Sector Comparative Returns
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To view the latest 10Q from BRHI on the SEC Web site, Click Here
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To Contact BRHI |
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Braintech Headquarters
#102 - 930 West 1st Street
Vancouver, BC V7P 3N4
Investor relations contact:
Dee Regis - 604-988-6440 x 206
dee@braintech.com
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