Elbit Vision Systems Ltd. (fka EVSNF)

[midastouch017]

EVS Receives $1 Million In Orders for iBar Systems
Vast majority of orders from customers that previously had made initial iBar purchases

CAESAREA, Israel, July 06, 2016 (GLOBE NEWSWIRE) -- Elbit Vision Systems Ltd. (EVSNF), a pioneer in the science of camera-based automatic vision inspection for textile fabrics and technical webs, announced today that it has received $1 million in orders for iBar systems in the second quarter.

The vast majority were expanded orders to customers that had already made an initial iBar purchase in the past. Approximately two-thirds of the orders were for a tire-cord application and the remainder was for a technical fabric application.

Mr. Sam Cohen, CEO of EVS, commented, “This is certainly a milestone for EVS. We have begun to see iBar make a significant contribution to our bottom line. When we began the development of this product, we knew there was a need and a payback for automation in this area. The fact that the vast majority of these orders are from existing iBar users demonstrates our solution satisfies both.”