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CAESAREA, Israel, Sept. 22, 2016 -- Elbit Vision Systems Ltd. (OTC:EVSNF), a pioneer in the science of camera-based automatic vision inspection for textile fabrics and technical webs, announced today that it received orders for IQ-TEX4 and SVA systems, amounting to $0.6 million to be delivered this year. The orders were from an important, top-tier global manufacturer of apparel. The systems will be installed at one of their manufacturing facilities in Thailand.
Sam Cohen, CEO of EVS, commented, “This order is a significant and successful step in broadening our penetration of the apparel market in Asia. It represents the first of what we believe will be many more future orders from this customer. It also gives us an important reference in Thailand to further penetrate the huge textile market in Asia.”
About Elbit Vision Systems Ltd. (EVS): www.evs.co.il
EVS offers a broad portfolio of automatic State-of-the-Art Visual Inspection Systems for both in-line and off-line applications, and process monitoring systems used to improve product quality, safety, and increase production efficiency. EVS' systems are used by over 800 customers, many of which are leading global companies.
This press release and other releases are available on www.evs.co.il.
Safe Harbor Statement
This press release contains forward-looking statements. Such statements are subject to certain risks and uncertainties, such as market acceptance of new products and our ability to execute production on orders, which could cause actual results to differ materially from those in the statements included in this press release. Although EVS believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. EVS disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date hereof, whether as a result of new information, future events or otherwise. EVS undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances.
Company Contact Information: Yaron Menashe, CFO Tel: +972 4 6107609 [email protected] Investor Relations Contact: Ehud Helft Tel: +1 646 201 9246 [email protected]
