EVS Completed Installation of Its Prepress System at One of World's Top Prepress Manufacturers
YOKNEAM, Israel--July 26, 2006--Elbit Vision Systems Ltd. (OTCBB: EVSNF) a leading provider of automatic on-line inspection and quality monitoring systems today announced that it has completed the Installation and Acceptance Test Procedure of its Prepress System as part of an existing agreement with one of the world's largest prepress systems manufacturers.As previously announced, EVS signed an OEM agreement with one of the world's largest prepress manufacturers totaling $850,000 for the development and supply of 10 inspection systems. As of today EVS has delivered three of the ordered systems to the customer.
Following the announcement Mr. David Gal, EVS' Chairman, said: "We are very pleased with the completion of the installation and Acceptance of our inspection system. This successful installation is part of our strategy to provide Automatic Optical Inspection to the printers market. We believe this market represents significant growth potential for EVS in the coming years."
About Elbit Vision Systems Ltd. (EVS): www.evs.co.il
EVS offers a broad portfolio of automatic in-line inspection and quality monitoring systems used to improve product quality and increase production efficiency. The Company's Industrial Division provides automatic optical inspection (AOI) and non-destructive ultrasound inspection systems for heavy manufacturing (automotive, aeronautics, steel and others). EVS maintains headquarters and manufacturing in Israel, R&D operations in Israel, and offers global sales and support coverage.
Safe Harbor:
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.
This press release and other releases are available on www.evs.co.il