EVS Sells Inspection Systems to Shangdong Demian Group Stock Ltd. Co. in China for over $0.5 Million.Business Editors/Technology Writers YOQNEAM, Israel & SHANGDONG, China--(BUSINESS WIRE)--Feb. 20, 2003 The transaction follows the recent opening of EVS' representation office in China Elbit Vision Systems Ltd. (EVS EVS European Voluntary Service EVS Environmental Science EVS Electric Vehicle Symposium EVS Enhanced Vision System EVS environmental studies EVS European Values Study EVS Electronic Verification System EVS Extreme Voltage Shutdown ) Ltd. (Nasdaq:EVSN EVSN External Volume Serial Number (Veritas Net Backup) EVSN Ecumenical Volunteer Service Network (Baltimore, MD) EVSN Eigenverlag Sieberichs-Nau EVSN European Vacuum Science Network EVSN European Virtual Seismic Network ) the world's leading provider of Computer Vision Systems for the automatic inspection of textile fabrics and industrial webs has announced today an agreement with Shangdong Demian Group Stock Ltd. Co., to integrate 2 of EVS' advanced Inspection systems into its weaving process. Shangdong Demian Group Stock Ltd. Co., China's leading textile manufacturer of diverse Textile fabrics to the international market, chose EVS' I-TEX(TM) new generation systems to inspect and upgrade the quality level of its Greige greige adj. Not bleached or dyed; unfinished. Used of textiles. [French grège, from Italian (seta) greggia, raw (silk), from greggio, gray, of Germanic origin.] fabrics. "In order to be part of the international textile evolution and position itself as a leader in the Chinese Greige market, Demian has decided to focus not only in hardware innovations but also in enhancing its manufacturing management skills," said Mr. Li Huijiang, GM of Shandong Demian Group Stock Ltd. Co. "After evaluating options of various suppliers, we have concluded that EVS' ITEX ITEX International Tundra Experiment ITEX Interactive TTCN Editor and Executor technology provides a customized solution maximizing product quality thus increasing price performance. We strongly believe that EVS' innovative solutions would be the coming fashion for the Chinese Textile market, since China is entering the WTO See World Trade Organization. and the Elite Chinese Textile manufacturers are willing to invest in becoming the most technology advanced mills in the world," added Mr. Li Huijiang. Mr. Idan Kleifeld, EVS' VP of Sales and Marketing said: "China, which is firmly placed in the center of the Textile global deployment, has proved to be an ideal breeding ground for the acceptance and utilization of EVS' Inspection systems. We have been leveraging on our quality inspection expertise to add value to the Textile weaving process and are proud that EVS' I-TEX systems were chosen by the Shandong Demian Group Stock Ltd. Co. as a scalable solution for the diverse needs of their enterprise customers." About Shangdong Demian Group Stock Ltd. Co. Shangdong Demain Group Stock Ltd. Co. is a large scale, state owned enterprise group. The company has the capacity of producing all kinds of yarns, threads, grey fabrics, yarn dyed fabrics Dyed Fabrics, a textile manufacturer in Pakistan, is one of the leading exporters of Pakistani, Egyptian, Supima & Organic cotton fabrics with an annual weaving capacity of 7+ million yards on air-jet looms. as well as long filament filament, in astronomy: see chromosphere. fabrics garments. With more than 5,600 members, among which are 507 technicians, the Demain Group has established itself as a "Grade One" enterprise, awarded with over 40 honorary titles Honorary title may refer to:
(2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9002 quality assurance system and ISO 14001 certificate for environmental system. About EVS Elbit Vision Systems Ltd. Is an innovative company that develops, markets and supplies solutions, products and services worldwide for the modernization and improvement of production processes by computerized vision technology to the textile market in its various applications as well as to other web inspection applications. Established in 1991, EVS is a public held company headquartered in Yokne'am, Israel, with offices in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Europe and Asia. Forward looking statements in this release with respect to the Company's business, financial condition and results of operations are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward looking statements, including, but not limited to, product demand, pricing, market acceptance, changing economic conditions, risks in product and technology development, the effect of the Company's accounting policies as well as certain other risk factors which are detailed from time to time in the Company's SEC filings. |
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