jhv1blz5 wrote: The article validated SOA as an IT architecture paradigm that can be leveraged in many ways. Taking data storage, scalability and application performance to a nifty level using SOA Application Grid infrastructure will no doubt enhance data and application performance on Oracle architecture platforms, it also has the promise of a cost effective and efficient IT delivery model. The very benefits of SOA.
VANCOUVER, BC -- (MARKET WIRE) -- 04/18/07 -- 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."
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.
Distributed by Filing Services Canada and retransmitted by Market Wire
Contact Information:
Owen Jones
Braintech Inc.
#102 - 930 W 1st Street
Vancouver, BC V7P 3N4
604-988-6440 x 200 Email Contact