By CEO & Chairman - Braintech, Inc.
posted April 18, 2008
Being Public Isn't Cheap
We've had a flurry of SEC filings in the last few months (10-KSB, 10-QSB, 8-K's, Amendments to 10-QSB, and S-8s). All of them necessary and important to understand the financial condition of Braintech, but preparing and publishing these disclosures and statements are time consuming and expensive. To be sure, we are exploring methods of realizing the same transparency to our owners and shareholders (such transparency, I believe, is key to effective communications) without incurring the expensive legal and accounting fees involved not to mention the executive time. I am just not sure it makes sense for any micro-cap company to be public these days. We have incurred approximately $85,000 in the last few months in the preparation, legal and accounting costs of these SEC filings. We could have and should have applied these scarce resources to building the business. Anyway, today I want to talk about the future of the company.
By Jim Dara, CSO - Braintech, Inc.
posted March 25, 2008
Emerging Market? Surging Market!
Welcome to our new organization, our new website and the first of my many "conversations" relative to Braintech and the world of vision. While I have yet to confirm it, the reason my blog follows Rick's and Babak's is likely because they were worried that had I gone first I would have exhausted the site's allotted memory. Should you choose to subject yourself, you will soon discover, (and my colleagues, customers and partners will confirm), I sometimes lack brevity - particularly when I think I am right, but who's keeping score. . .
My goal here is to create an open dialogue with those of you who share our interest in, and passion for, using visual information to enhance efficiency, safety and enjoyment as we interact with our environments.
If you have found your way to this blog you undoubtedly realize the robotic revolution taking place in all facets of our life. From the way cars are manufactured and driven, to the protection of our soldiers and their equipment, to the toys that our children play with - and possibly the way many of you no longer vacuum your floors - robots are rapidly "on the rise". Recent entry into this space by Microsoft and the US Government clearly validates the huge opportunity that lies before us. And a recent trip to the International Robot Exhibition in Tokyo further enforced this message as industrial robot leaders unanimously agreed that their future growth is tightly linked to the successful addition of intelligence to their robots.
By Babak Habibi, CTO - Braintech, Inc.
posted March 14, 2008
What the heck is Random Bin Picking?
It is a balmy afternoon on a rare sunny winter day in Vancouver and the hard working men and women of Braintech Canada are busy advancing the company's stack of intelligent vision technologies into the future. By way of introductions, Braintech Canada Inc. based in North Vancouver, British Columbia is the research & development member of the Braintech family and home to a majority of our world class team of vision and robotics research scientists, software engineers and quality assurance staff. Over the past 10 years, this diverse and highly talented group of people has been responsible for the development of many industry-first vision technologies and products including the award winning eVisionFactory solution studio for vision guided robotics and a host of other pioneering technologies such as the patented Single Camera 3D algorithms for object location.
By CEO & Chairman - Braintech, Inc.
posted February 29, 2008
Welcome to the new Braintech, Inc., Web site!
Designing and creating our new Internet site has definitely been a labor of love. I believe the only way to accomplish something as important as this is to just immerse your team in its design, purpose and completion. You must make it a priority (along with all the others)--and we have. Although we fully realize this site will always be a work in progress, we have accomplished its first release in record time because we view our Web site as a critical business tool to be utilized by our employees, customers, shareholders, and business partners.
The first objective for launching the new Web site (within our first 90 days at Braintech) was to communicate the new beginnings and new direction of the company and to showcase the company's talent and the mission-critical technology, software and products that have been designed and created in our laboratory. The second objective was to begin a normal (without all the technology speak) conversation about our technology as well as to increase the awareness of our company and demonstrate how we can dramatically make our customers more productive. To be sure, Braintech.com will become the new face of the company and will illustrate our dynamic strategic direction as we move the company "up and to the right."
