MCLEAN, VA – Braintech Inc., (OTC BB: BRHI) a company selling vision-guided robot software, has closed a $3 million financing from Silicon Valley Bank.

The loan facility consists of a $2.2 million term loan and an $800,000 working capital loan facility.

Braintech will draw down $1.55 million of the loan to lower its borrowing cost and fully pay its debt to its letter of credit providers and to provide working capital.

Five shareholders provided $1.55 million of back-stop security for the new loan with the CEO Rick Weidinger being the largest provider. The Company will consider additional back-stop security for up to a total of $2.2 million by year-end 2009.

Additionally, Braintech founder, director and shareholder Owen Jones converted his letter of credit debt to equity and agreed to invest additional funds into the Company by year-end 2009.

Braintech’s software products provide scalable and transferable Vision Guided Robotic solutions used for industrial, and government & defense service applications.

The company’s software is being utilized every day with over 170 installations worldwide. Braintech’s customers include Toyota, Johnson & Johnson, Boeing, Harley-Davidson, Chrysler, Delphi, Honda, GM, Ford, Nissan, BAE Systems, Makino and ABB.

Online: www.braintech.com

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