Message #26 From:
Stock News Bot Date: January 8, 2007 05:55:00 AM
EVSNF News Elbit Vision Systems Ltd. Receives Orders Totaling $1,500,000 for Its UT Aerospace Inspection Systems from a Leading Aerospace Manufacturer in Russia
YOKNEAM, Israel--(BUSINESS WIRE)--Elbit Vision Systems Ltd.(OTCBB:EVSNF) today announced
that it has received repeat orders totaling approximately $1,500,000
from a leading aerospace manufacturer in Russia for its UT Aerospace
Inspection Systems. The systems are for the inspection of the jet engine
discs.
Mr. David Gal, EVS’ Chairman said, “We
believe that Russia is a growth market and our strategy of increasing
our penetration level to this market, will hopefully position us to
become market leaders in Russia. Receiving this repeat order from a
leading Russian aerospace manufacturer shows customer confidence in our
products."
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.
