Message #16 From:
Stock News Bot Date: October 18, 2006 05:49:00 AM
EVSNF News Elbit Vision Systems Ltd. Receives $2 Million in Orders from Leading Aeronautic Manufacturers for the Aeronautic Industry
YOQNEAM, Israel--(BUSINESS WIRE)--Elbit Vision Systems Ltd.(OTCBB: EVSNF) today announced
that it has received orders for its ScanMaster ultrasonic inspection
systems, valued at an aggregate of $2 million from leading manufacturers
for the aeronautics industry.
Following the announcement Mr. David Gal, EVS’
Chairman said, "We are very pleased with receiving these orders for our
ultrasonic inspection systems, which includes repeat orders from
manufactures for the Military Aerospace applications. These orders
together with the previously announced orders are a result of our
ongoing efforts to build a strong and solid backlog for 2007, which will
position us for future growth and profitability.”
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.
