MCLEAN, Va. - Braintech Inc. (OTCBB: BRHI) has found its recent acquisition of SHAFI Inc. to receive positive feedback from large players in the Vision Guidance robot market.
“In August, 2008, Braintech acquired both SHAFI Inc. and SHAFI Innovation Inc. to gain established commercial relationships and to accelerate the company’s growth and expansion into multiple markets. We created a commercialization plan that we call our ‘Access & Acceleration’ Plan. Since the closing, we have gone straight out to meet with manufacturing partners, machine vision makers and system integrators, and have been gaining traction in these new markets for the company,” said Rick Weidinger, CEO Braintech. “I am cautiously optimistic about our new business developments.”
Jeff Stadler, President of Güdel, which manufacturers large robot systems for aerospace, automotive, pharmaceutical, food/packaging, glass, metal, plastics and railway industries and enjoys strong working relationships with most major robot brands e.g., ABB, KUKA, Fanuc and Motoman (www.gudel.com), noted, “We are delighted to see consolidation in the Vision Guided Robotics market, which has been so fragmented until now. It is great to see Braintech strengthening their position as vision becomes one of the key value factors for robot manufacturing.” Güdel recently expanded their Michigan office to support more and larger projects.
Daniel Reed, President HTE Inc., which is the master sales distributor for Microscan (formerly Siemens) vision products in Michigan, Ohio and Indiana (www.hte.net), noted, “Braintech’s productions incorporate exceptional science and technology. We have begun the development and promotion of RELIABOT drivers for robot brands in cooperation with Braintech. We are excited to work with them towards incorporating their science into our line of intelligent cameras.” HTE is aggressively pursuing new markets and customers for Vision Guided Robotics.
“Braintech and SHAFI have proven track records in deploying software that works robustly in the field. We are happy to see that they have combined and expect their products to produce even more quality solutions for our end users,” added Sal Awada, CEO of Spectrum Engineering Solutions (www.sesdirect.com). Spectrum routinely executes projects for Fortune 500 industrial end users, deploying entire factories with controls and vision guided robotics projects. They have recently expanded into a large new state-of-the-art facility in Warren, Mich.
Weidinger commented, “The positive feedback we have received from manufacturers, machine vision makers and system integrators is very encouraging. The support we are sharing with the public in this release are comments from the best in the business and demonstrates a sample of the quality of companies involved in machine vision and guidance–HTE, Güdel and Spectrum. We are working hard to earn everyone’s business.”
Investors: Please visit the Braintech IR Hub at http://www.agoracom.com/IR/Braintech
HTE is the great lakes master distributor for Microscan vision systems, formerly Siemens. For more information about HTE Inc. visit: www.hte.net
Güdel is a manufacturer of gantry robots. For more information about Güdel visit: http://www.gudel.com
Spectrum Engineering is a full-service supplier of industrial automation controls engineering and integration services. For more information about Spectrum Engineering Solutions, visit: http://www.sesdirect.com
About Braintech Inc.:
Braintech’s (OTC BB: BRHI - News) eVisionFactory™ and Volts-IQ™ software products offer robust, scaleable and transferable Vision Guided Robotic (VGR) solutions used for Industrial, Government and Defense, and Consumer and Service applications. The company’s software is being utilized every day with over 470 installations and 125 different solutions around the world.
For more information visit: http://www.braintech.com
© Braintech 2008. All Rights Reserved.
FORWARD LOOKING STATEMENTS
Some of the statements made by Braintech, Inc. (“Braintech”) in this press release, including, without limitation, statements regarding Braintech’s anticipated future growth, are forward-looking in nature. Braintech intends that any forward-looking statements shall be covered by the safe harbor provisions for such statements contained in the Private Securities Litigation Reform Act of 1995. Statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as “may,” “will,” “should,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” “predicts,” “potential,” “continues” and similar expressions are forward-looking statements. Braintech cautions you that forward-looking statements are not guarantees of performance. Braintech undertakes no obligation and disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Forward-looking statements involve known and unknown risks and uncertainties that may cause Braintech’s actual future results to differ materially from those projected or contemplated in the forward-looking statements. Braintech believes that these risks include, but are not limited to: Braintech's reliance on obtaining additional financing; Braintech's history of losses and its current deficit; Braintech's operations outside of the United States; Braintech's reliance on a single channel partner to distribute and generate sales of its products; and Braintech’s ability to protect its proprietary technology and intellectual property. Additional information concerning these and other important risk factors can be found under the heading “Risk Factors” in Braintech’s filings with the Securities and Exchange Commission, including, without limitation, its most recent annual report on Form 10-KSB and quarterly report on Form 10-Q. Statements in this press release should be evaluated in light of these important factors.
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