EVS Wins Orders Of About $1 Million From China

CAESAREA, Israel — September 12, 2016 — Elbit Vision Systems Ltd., a producer of camera-based automatic vision inspection for textile fabrics and technical webs, announced today that it has received orders totaling about $1 million from China.

These orders are a cumulative total from multiple Chinese manufacturers. The first was from a new customer for seven nonwoven inspection systems in which EVS won in a highly competitive bid. There is also a potential for additional orders at a later stage with this customer.

The other was a significant order for IQ-TEX4 automatic inspection systems in conjunction with Shade Variation Analyzers. This was a repeat order from an important customer, who made their initial investment last year.  After seeing the benefits of automatic vision technology, they have made the decision to expand their automation by using EVS’ products.

Sam Cohen, CEO of EVS, commented, “These orders represent real success in our strategy to further penetrate the important textile manufacturing market of China.  We are pleased with both of these orders for different reasons. Our nonwoven inspection system win demonstrates the technical leadership of our systems in how we are able to meet our customers’ demands and exceed our competition’s abilities while developing a new partnership with potential for follow-on orders. Our second order is a solid demonstration of how the initial sales of systems do indeed lead to a long-term relationship and ongoing repeat business.”

Posted September 21, 2016

Source: Elbit Vision Systems Ltd.