Company's Strategic Partner, Marubeni, Installs 3D-Vision Guided Robotics System In Hino Motors Plan In Japan
The system is used to find the exact position of engine blocks prior to a liquid gasket dispensing process using the Denso VS-6577E robot. A video of this application can be seen on Braintech's website: http://www.braintech.com/videos_2003.html. The software component is built using Braintech's universal VGR platform, eVF(TM) and patent pending vision guidance technology, SC3D(TM).
Akio Hirasawa, Senior Manager at Marubeni Corporation, stated, "I am very excited to see the first installation of ROBONAVIGATOR(TM) (Marubeni exclusive brand) at the Hino Tokyo Plant. The success of this system is already having a major impact on overall Japanese automakers' demand for 3D-VGR solutions and we are anxious to pursue this market in full co-operation with Braintech."
Owen Jones, CEO of Braintech, added, "For the past two years we have worked hard to train and assist Marubeni in developing the expertise to deliver total VGR systems. This first production system is the culmination of our combined efforts and sets the stage for marketing VGR throughout Asia. Of major importance is the fact that Marubeni engineers used our eVF platform to create the dispensing application, giving Braintech the means to rapidly scale its business."
About Hino Motors http://www.hino.co/jp/e/index.html
Hino Motors is an affiliate of the Toyota Corporation and is one of the largest manufacturers and distributors of buses and trucks. Hino has held the top position in the domestic market for medium- and heavy-duty diesel trucks for 30 years running and is highly acclaimed for quality and technological excellence. Hino is a leader in producing low-environmental-impact vehicles and launched the first model complying with Japan's stringent emission standards that went into effect in 1998. Building on fifty years of success, Hino will continue to play a leading role in developing advanced diesel engines.
About Marubeni http://www.marubeni.com/
Marubeni Corporation is a leading Japanese trading company, founded in 1858, with a network of 167 Marubeni Group offices and 598 associated subsidiary companies in Japan and 75 overseas countries. Total sales for Marubeni Corporation in 2001 were about $72 Billion USD. Based on 2001 revenues, Marubeni is ranked 25th on the Fortune Global 500 of the world's largest corporations.
About Braintech http://www.braintech.com/
Braintech's VGR technologies are revolutionizing manufacturing by giving industrial robots the "eyes" to handle and assemble parts with a high degree of consistent quality and productivity. Braintech's scientific capabilities, engineering expertise and commitment to support have been embedded in the Company's VGR development system called "eVF(TM)", which provides the means for rapid and rock solid application development, operation and secure remote support and diagnostics over the Internet. To date, Braintech's VGR systems have been installed by Ford Motor Company, General Motors, Delphi, TI Automotive Group and Toyota.
SC3D, eVF and eVisionFactory are registered trademarks of Braintech Canada, Inc. RoboNavigator is a registered trademark of Marubeni Corp.
Statements in this document (as well as information included in oral statements or other written statements made or to be made by Braintech, Inc.) that are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include statements regarding the Company's belief that: it has pioneered 3D-Vision Guided Robotics for manufacturer's; the success of the ROBONavigator system is already having a major impact on the Japanese Automaker's demand for 3D-VGR; and because Marubeni engineers used eVF to create the application, it gives Braintech the means to rapidly scale its business. It is important to note that actual outcomes and 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; problems with the transport of the products produced; failure for a market to develop for the products; the inability of the Company to finance its obligations under agreements; the failure of the Automotive sector to grow at the rate thought likely; and many other known and unknown factors that affect the technology and automotive industry in general. Readers should also refer to the risk disclosures outlined in the Company's annual report of Form 10-KSB for the 2002 fiscal year and the Company's quarterly reports on Form 10-QSB filed from time to time with the SEC.
For more information, please contact: Braintech Sales Contacts Gary Hindall, US Sales Manager 248-219-4330 / Email Contact Tatsu Okamato, Asia Sales 604-988-6440, Extension 229/ Email Contact Investor/Media/Broker Relations: Elite Financial Communications Group Stephanie Noiseux, VP of Client Relations 407-585-1080 / Email Contact
CONTACT: Braintech Sales Contacts, Gary Hindall, US Sales Manager,
248-219-4330, Email Contact; Tatsu Okamato, Asia Sales, 604-988-6440,
Extension 229, Email Contact; Investor/Media/Broker Relations: Elite
Financial Communications Group, Stephanie Noiseux, VP of Client Relations,
407-585-1080, Email Contact