VANCOUVER, British Columbia, Mar 1, 2005 - Braintech, Inc. (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 for 5 ``eVF`` built solutions. eVisionFactory (eVF) is the ingredient software platform of ABB`s TrueView Vision Guided Robotics System.
The order from ABB is for five (5) TrueView Vision Guided Robotics Systems ordered by a Major North American Automaker, their first utilization of this technology for operations such as material handling, and engine head decking. The order reflects the industry`s increasing utilization of these system types by Braintech and underscores the value of its relationship with ABB.
ABB, Inc. of Auburn Hills and Braintech operate together under a strategic alliance whereby ABB exclusively uses Braintech vision guidance technology inside of its TrueView Vision Guided Robotics system.
Commenting, Braintech CEO Owen Jones said, ``Our Single Camera (``SC3D``) software is proven and use continues to expand throughout the automotive OEM and Tier markets. We expect significant growth from this system as we continue to work closely with ABB to grow their TrueView brand.`` Mr. Jones added that, ``end-users will be pleased that these material handling systems are proven to be exceptionally reliable and cost effective.``
Regarding the financial value of the order, Mr. Jones mentioned that Braintech will be differentiating between announcing orders and the installation of systems. This is a new system for press releases designed to announce orders from customers that are material to Braintech with subsequent installation releases to provide more financial detail and, when possible, end-user names and business locations.
About Braintech (OTCBB: BRHI) - For more information, visit www.braintech.com.
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 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.
SOURCE: Braintech, Inc.
Baldacci Communications, LLC
Laura Van Eperen,
703-556-4200
Cellular: 240-994-7541
laurave@bcworldwide.com