|NDT.net||January 2005, Vol. 10 No.01|
EVS Receives Orders Totaling $1M From 2 Leading Aeronautics Manufacturers
Yoqneam, Israel, January 12, 2005—Elbit Vision Systems Ltd. (OTCBB: EVSNF.OB) announced today that it has received two orders valued together at $1 million from two leading aeronautics manufacturers in India and in Israel for its ScanMaster ultrasonic inspection systems. Both contracts specify the delivery of a range of systems and services throughout 2005.
“These contracts demonstrate that the market is rising to the need for ultrasonic non-destructive inspection systems,” said Mr. Menashe Shohat, CEO of EVS. “During the past year, we have been receiving a larger number of RFPs (Request For Proposals) from various industries, and won them at an increased rate. This shows the value of our ability to offer the right blend of inspection products together with our industry-leading partners and experience.
“We are especially proud of our successful entry into the emerging Indian marketplace. During the past month, we closed a flurry of large deals with Indian manufacturers for aeronautics, railway, plate and pipe inspection systems. These orders provide us with a good forecast of the revenues we had projected for all of 2005. This is an encouraging development which illustrates the extremely positive momentum building in the company.“
About Elbit Vision Systems (EVS)EVS offers a broad portfolio of automatic in-line inspection and quality monitoring systems used to improve product quality and increase production efficiency. The Company’s Microelectronic Division provides state-of-the-art optical and laser-based inspection and correction systems for the manufacture of LCDs, FPDs and Bare Wafers. The Company’s Industrial Division provides automatic optical inspection (AOI) and non-destructive ultrasound inspection systems for heavy manufacturing (automotive, aeronautics, steel and others). EVS maintains headquarters and manufacturing in Israel, R&D operations in Israel and Korea, and offers global sales and support coverage. For more information, please visit www.evs.co.il.
NDT.net Exhibition: ScanMaster Systems (IRT) Ltd.