SOURCE: Braintech Inc.

April 18, 2007 09:00 ET

Braintech Ships Bulk Order of eVF™ Licenses to ABB

ABB TrueView™ System Orders Expand

VANCOUVER, BC -- (MARKET WIRE) -- April 18, 2007 -- Braintech Inc. (OTCBB: BRHI), a leading provider of Vision Guided Robotic ("VGR") software technologies, announced today that it has shipped fifty (50) eVF software runtime licenses to ABB, Inc. (NYSE: ABB), in accordance with the terms of the Exclusive Global Channel Partner Agreement signed by the two companies in April 2006. This shipment represents a dollar value of approximately $740,000. These licenses are being 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).

Steven West, ABB's TrueView's Business Development Manager, states, "I'm excited by the increased level of interest in TrueView systems throughout our global customer base. In North America existing customers are ordering many more TrueView systems, new customers are ordering their first systems, and automation engineering firms are signing on as channel partners. In Europe, after several initial successful installations, we're seeing the same pattern of expansion. In Japan and China we're starting our first installations and expect business increases greater than those in North America."

Steven further says, "Because of the reliability and usefulness of the first 125 plus TrueView installations and because of increasing customer demand, we are planning a comprehensive sales and marketing campaign to explain the value and benefits of TrueView. We'll kick off at the Robot and Vision Show being held in Chicago, June 12-15, 2007."

Owen Jones, Braintech's CEO and Chairman, says, "We continue to see ABB develop the VGR market world-wide and expect growth to continue past 2012. Over this period, Braintech will focus on the research and development of core robot vision technologies in order to broaden the usefulness of TrueView in automotive and general industries."

About ABB Robotics: www.abb.com/robotics

About Braintech: www.braintech.com

eVF is a trademark of Braintech, Inc.

TrueView is a trademark of ABB, Inc.

Disclaimer

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. Forward-looking statements in this news release include statements regarding the expanding user base of ABB's TrueView systems, the use by existing customers of many more TrueView systems, the ordering of first systems by new customers, the signing on of automation engineering firms as channel partners, the expectation of expansion in European markets, the expectation that business increases in Japan and China will exceed those in North America, and the expectation that growth in the VGR market world-wide will continue past 2012. 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 Information

  • Contact Information:
    Owen Jones
    Braintech Inc.
    #102 - 930 W 1st Street
    Vancouver, BC V7P 3N4
    604-988-6440 x 200
    Email Contact