Elbit Vision Systems -- EVS -- Receives First Order From Russia.Business Editors YOQNEAM, Israel--(BUSINESS WIRE)--Feb. 5, 2002 Elbit Vision Systems (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 ) announced its first order from Russia Russia, officially the Russian Federation, Rus. Rossiya, republic (2005 est. pop. 143,420,000), 6,591,100 sq mi (17,070,949 sq km). . "OAO OAO Orbiting Astronomical Observatory OAO Over and Out OAO One And Only OAO Ontario Association of Orthodontists OAO Owned and Operated OAO Ontario Association of Optometrists OAO Opticians Association of Ohio OAO Orthogonalized Atomic Orbital Vysokovsky," one of Russia's leading textile manufacturers, owned by Altro WarenhandelsGes. MbH, has ordered EVS' state-of-the-art I-TEX solution. OAO Vysokovski will use the I-TEX system to inspect raw fabrics to compete in the global market. "The management of OAO Vysokovsky Textil has chosen EVS' well proven technology to provide a full solution for automatic inspection process, implemented worldwide," said Mrs. Ludmila Ludmila is a female given name. It is of Slavic origin, from the Slavic and Russian люди ljudi ("people") and мила mila ("dear"). Melnikova, the Managing Director of OAO Vysokovsky, Russia. "In a strive to compete in the global market, we have adopted the "I-TEX Inspected" concept as a standard and as a means to boost products quality and improve yields," added Mrs. Melnikova. Mr. Michael Sharon, Vice President and Managing Director of EVS Europe said, "We are extremely pleased to see the continued market success of EVS solutions." The penetration to the fast-growing and big textile market in Russia is of high importance, because the drive to adopt automatic inspection there is clearly to improve the competitiveness of Russian Russian associated in some way with Russia. Russian blue a breed of cats with short, dense, silver-tipped blue-colored coat and vivid green eyes. manufacturers by improving yields and quality. "I believe it is one more step in the long way of making "I-TEX Inspected" a global standard," he continued. Altro WarenhandelsGes. MbH is owned by members of the immediate family of Nir Alon Nir Alon (born 1964) is an Israeli sculptor and an installation artist. Alon studied from 1988 until 1992 at the Bezalel Academy of Art and Design in Jerusalem. In 1996 he received the price for young artists of the Israeli Ministry for education and Culture. , chairman of the board of directors of EVS and currently a 34.42% shareholder in EVS. Elbit Vision Systems Limited designs, develops, manufactures, markets and supports automatic optical inspection and quality monitoring systems for the textile and the non-woven industries. The Company's systems, marketed under the brand I-TEX(TM) and PRINTEX(TM), are designed to increase the accuracy, consistency and speed of detecting and identifying defects in the manufacturing process in order to improve product quality and increase production efficiency. OAO Vysokovski Textil is Russia's large spinning and weaving weaving, the art of forming a fabric by interlacing at right angles two or more sets of yarn or other material. It is one of the most ancient fundamental arts, as indicated by archaeological evidence. manufacturer that offers grey cotton and plain fabrics to international and local markets. 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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