GARDNERVILLE, NV, Apr 05 (MARKET WIRE) —
Terrax Inc., a subsidiary of Brazilian Mining Corporation (PINKSHEETS:
BRZM), is opening a new assembly and test facility in Boise, Idaho. The
company is increasing its space requirements to meet the needs of growing
demand from offshore customers. Murray Owen, president of Terrax Inc.,
stated that “The Boise facility will provide the necessary space for
Terrax to perform test and final assembly. In addition, it will allow us
to expand our client relations operations for marketing and technical
resources to support increasing demand.” The new facility is located in a
technology area next to Hewlett-Packard’s Boise campus. The location
allows Terrax to expand as required and draw from a local technology
labor base to grow operations.”
The expansion comes in response to requests from early adopters of the
Theia System for standoff detection. The Company expects to achieve
significant market share in excess of $20M USD in the target segment for
standoff detection in 2010. Terrax has experienced a significant increase
in requests and demands from over three market segments and five regions
representing an overall market demand of in excess of $100M USD.
About Terrax Inc.
Founded in 2000, Terrax is a solutions integrator of image data and
hyperspectral imaging to provide real time detection and alert systems
for civilian applications. More information can be found at www.terrax.us
This news release contains “forward-looking statements” within the
meaning of the U.S. Private Securities Litigation Reform Act of 1995.
When used in this release, words such as “estimate,” “expect,”
“anticipate,” “projected,” “planned,” “forecasted” and similar
expressions are intended to identify forward-looking statements, which
are, by their very nature, not guarantees of Brazilian Mining Corporation
future operational or financial performance, and are subject to risks and
uncertainties. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
release. Due to the risks and uncertainties, actual events may differ
materially from current expectations. The Company disclaims any intention
or obligation to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
Michael J. Dillon
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