YOKNEAM, Israel--(BUSINESS WIRE)--Elbit Vision Systems Ltd.(OTCBB:EVSNF) today announced
that the Board of Directors has appointed Yaron Menashe, who has served
as the controller of the Company for the past three and a half years, as
its Chief Financial Officer and Corporate Secretary to replace Yaky
Yanay.
Mr. Menashe began his financial career at KPMG Israel in 2000, where he
served as a senior auditor in the technology sector.
Mr. Menashe holds a bachelor's degree in economics and accounting from
the Haifa University, Israel and is a Certified Public Accountant in
Israel.
Commenting on the appointment, Mr. David Gal, EVS’
Chairman said, "I believe that Mr. Menashe has the experience and
ability to help EVS in its previously announced reorganization plan. Mr.
Menashe brings to the new management team his experience in the
Company's business and the AOI industry. I would like to thank Mr. Yaky
Yanay for his devoted service and contribution to the Company over the
past four years and wish him luck in his future endeavors."
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
