Elbit Vision Systems Ltd. (fka EVSNF)

[midastouch017]

EVS Wins in Excess of $400 Thousand Order for IQ-TEX4 Systems for Denim Application
EVS to publish its full year 2015 results, post-market, on March 29 & its conference call on March 30
Elbit Vision Systems Ltd.
March 24, 2016 5:00 PM

CAESAREA, Israel, March 24, 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 received an order in excess of $400 thousand. The solution combines two complementary technologies developed by EVS, which solves the problem of inspecting Denim, a material which poses many difficulties for human inspection.

Mr. Sam Cohen, CEO of EVS, commented, “Over the last 5 years, we have successfully created a versatile and flexible platform for our SVC program for exactly these reasons. Denim, an enormous market for EVS, has always been a fabric that our technology just could not conquer, until now. Our engineers have successfully combined multiple SVC modules to create an extraordinary product for this difficult fabric. Today, we can proudly say that we have a real, consistent, reliable automatic inspection system for denim fabrics.”

EVS also announced that it would be releasing its financial results for the fourth quarter and full year of 2015 on Tuesday, March 29, 2016 after the US markets close. The Company will also host a conference call the next day, Wednesday, March 30, 2016 starting at 9:00 am ET. To participate, please call one of the following telephone numbers:

US: 1 888 668 9141 at 9:00 am Eastern Time
Israel: 03 918 0691 at 4:00 pm Israel Time
International: [phone]

For those unable to participate, the teleconference will be available for replay on Elbit Vision Systems’ website at http://www.evs.co.il/ beginning 24 hours after the call.

About Elbit Vision Systems Ltd. (EVS): www.evs.co.il