Elbit Vision Systems Ltd. Receives an Order for $700,000 for Its Train Wheel Inspection System

YOKNEAM, Israel--Elbit Vision Systems Ltd. (OTCBB:EVSNF) today announced that it has received a new order in an amount of $700,000 from a leading manufacturer of train wheel.

Mr. David Gal, EVS’ Chairman said: “We believe that our technology is one of the leading technologies used in inspection systems for the train industry. This new order indicates that our efforts in the train industry have been rewarded and we hope to see an increasing demand for our systems in this industry."

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