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|NDT.net Issue - 2008-01 - NEWS ||NDT.net Issue: 2008-01|
Publication: e-Journal of Nondestructive Testing (NDT) ISSN 1435-4934 (NDT.net Journal)
Elbit Vision Systems Ltd. (ScanMaster) Enters Strategic Alliance with Unipart Rail for Distribution of Ultrasonic Products to UK Rail IndustryScanMaster Systems (IRT) Ltd.31, Kfar-Sava, Israel
Kadima, Israel, December 11th, 2007 Elbit Vision Systems Ltd. (OTCBB: EVSNF.OB) today announced that it has signed a strategic distribution and supply agreement with Unipart Rail Ltd., one of the largest independent rail logistics companies in Europe. The agreement authorizes Unipart to distribute the Company's ultrasonic solution - ScanMaster - to the rail industry in the UK.
Mr. David Gal, EVS Chairman said: "This strategic alliance with Unipart Rail is one of the most important milestones in our long term growth strategy to increase penetration levels in the rail industry. We are delighted to have entered into this agreement with Unipart Rail which, given its size and prestige, we believe will be instrumental in increasing our sales to the UK railway industry."
Mr. John Clayton, Unipart Rail Managing Director said: "We are delighted to form this alliance with EVS that will enable us to use the technological edge of EVS and the market leadership of Unipart Rail to service the needs of the UK rail industry as they develop".
About Unipart Rail and Unipart group: www.unipartrail.com
About Elbit Vision Systems Ltd. (EVS): www.evs-sm.com
Safe Harbor: This press release contains forward-looking statements. Such statements are subject to certain risks and uncertainties, such as market acceptance of new products and our ability to execute production on orders, which could cause actual results to differ materially from those in the statements included in this press release. Although EVS believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. EVS disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date hereof, whether as a result of new information, future events or otherwise. EVS undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances.
This press release and other releases are available on www.evs-sm.com
Keywords: Ultrasonic Testing (UT) (4107), railway (263), railway wheel (35), business (132), railway track (34), United Kingdom,
Visit: ScanMaster Systems (IRT) Ltd.