I would say that the software is the most important part the system, but also that you can't divorce the software from the hardware. To build a solution like they have would, I would imagine, require experimentation with different cameras, experimentation with different lighting levels. Perhaps integrating the output of multiple cameras, having cameras at different angles, with varying levels of light shielding, and perhaps integrating the output of different lighting sensors. So it isn't as though you could just hire some software developers to go build a similar system. You might also need hardware - mechanical and electrical engineers. The experimentation with various hardware, I would imagine, would require a big time and money effort to get right in order to build a similar product. The CEO has said in conference calls that he believes it would cost a competitor $20-30 million to build a textile inspection. Which is not a huge number, but it is the current value of the company. I think that competitors are surely watching, but to be attracted to the space there would need to be more money in it for them. Hopefully Elbit will make alot of money and bring on the competition. The CEO has said that they have developed a very complex vision system for dealing with textiles, and that their vision system could be used for many other vision fields, but that it would be difficult for other vision system providers to create something that can do textiles because it is more complicated.
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