GARDNERVILLE, NV--(Marketwire - July 16, 2010) - Brazilian Mining Corporation (PINKSHEETS: [ BRZM ]) -- Terrax, Inc., a fully owned subsidiary of Brazilian Mining Corporation, announced today that the total contracts to date total over 40 million. "The Theia system and the suite of products that can be added on have been a major reason for the contracts," stated Murray Owen, President of Terrax. The Theia camera and imaging system relies on the expertise of Terrax to integrate sophisticated sensors using hyperspectral cameras to identify materials that are remote from the detectors and report them over a secure network to the trained operators. Applications for this technology are in civilian markets such as sophisticated security systems for homes, businesses or commercial venues. Owen went on to state, "This is a great milestone for the company. The relationships that we have been building are the reason for the contracts. Currently there are three projects with values of $20 million, $16 million and $6 million respectfully with more contracts in negotiation. The company is now working towards setting up production to fulfill these contracts." The company is taking the necessary steps to be on the forefront of "Stand-Off' technologies as mentioned in an earlier release. Plans are under way to develop uniform detection, an untapped market with projected value over one-hundred million. There are also several environmental applications for the Theia system such as a system to provide environmental detection and display of greenhouse gases and other invisible gases which are known to contribute to global warming. The company will move forward and meet the wide demands of our customers.
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 [ http://www.terrax.us ].
About Brazilian Mining
Brazilian Mining (PINKSHEETS: [ BRZM ]) focuses on evaluating various potential acquisitions. Previously, it engaged in exploring and mining diamond properties in Brazil. Terrax, Inc. is now a fully owned subsidiary of Brazilian Mining Corporation. The company is based in Gardnerville, Nevada.
Forward-Looking Statements: 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.
Business & Finance
Business and Finance
Business and Finance
Mon, July 19, 2010 
