EVS Receives Order From Taiwan for Multiple Systems

CAESAREA, Israel, Sept. 19, 2017 -- 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 has received an order that totaled over $650,000 from a Taiwanese customer.

The order, which contained both IQ-TEX4 and SVA systems, was placed by a customer which had previously bought a single IQ-TEX4 system.  The systems will be installed in factories in both Taiwan and the United States during 2017.

Sam Cohen, CEO of EVS, commented, “We are very pleased with this follow-on order from a very important and influential customer.  Their positive experience with our systems and the quick return on their investment demonstrates how an initial penetration of our technology leads to a strong, lasting partnership. ”

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.