EVS Receives $1 Million Order From New Home Goods Manufacturer In China

CAESAREA, Israel — March 9, 2015 — Elbit Vision Systems Ltd., a global provider of vision technology for automatic surface inspection and in-line quality monitoring systems, today announced that it has received the first order from a new, major Home Goods manufacturer in China for its legacy product, IQ-TEX4, totaling over $1 million.

The order consists of multiple components for textile web inspection, including IQ-TEX4 inspection systems, iSync infrared synchronization systems, and optimized maps for high-speed debatching machines. EVS will be delivering approximately $450 thousand worth of components, while handling the primary contractor responsibilities for the remaining $550 thousand of third party equipment.

Li Fei, EVS China General Manager, commented, “This is a major milestone for EVS with our legacy product lines. This order is a confirmation that our marketing campaign in Asia, specifically our efforts in the Chinese market, are beginning to show a tremendous return on our investment. We believe that this order has potential to lead to further business in this huge market.”

Sam Cohen, CEO of EVS, commented, “We are very pleased to receive this order from one of the largest home textile manufacturers in China. This order is a significant one, since it exposes our technology to the massive home textile market segment in Asia. The overall upswing of IQ-TEX4 orders that we have recently seen, along with the strong market response that our iBar product is beginning to experience, makes us very optimistic with regard to 2015.”

Posted March 10, 2015

Source: EVS