Elbit Vision Systems Ltd. -- ''EVS'' -- Expands Its Sales Activities; Announcing the Opening of a Representation Office in Shanghai, China.Business Editors & Technology Writers YOQNEAM, Israel & BEIJING--(BUSINESS WIRE)--Nov. 21, 2002 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 ) the world's leading provider of Computer Vision Systems for the automatic inspection of textile fabrics and industrial webs has announced today that it has established a direct presence in China by opening a representation office in Shanghai. EVS has been operating in China for the past several years and established an Automatic Inspection customer base. The company has noted the growth and volume market offered today by Asia, and consequently added this capacity to better service and support that market. The company's objective is to establish the company as a significant partner with the leading Textile manufacturers, now integrating Quality Inspection capabilities into their products. "We are determined to implement our Automatic Inspection technology in China, as we have been doing for the past 12 years in the European and US textile industries," said Mr. Ken Chen EVS' China Chief Representative. "The market response as demonstrated during the October CITME CITME China International Textile Machinery Exhibition exhibition in Beijing, confirms that China is becoming a significantly important market for EVS." During the CITME exhibition EVS has presented the I-TEX(TM) system, a system intended to detect defects on 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.] and Finished fabrics, and the SVA SVA School of Visual Arts SVA Severe (Thunderstorm) Advisory SVA Statens Veterinärmedicinska Anstalt (National Veterinary Institute, Sweden) SVA Shareholder Value Added Lite -- a system designed for shade analyzing of 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. , which has been launched recently and was first exposed at the CITME exhibition. About EVS Elbit Vision Systems Ltd. Is an innovative company that develops, markets and supplies solutions, products and services worldwide for the modernization modernization Transformation of a society from a rural and agrarian condition to a secular, urban, and industrial one. It is closely linked with industrialization. As societies modernize, the individual becomes increasingly important, gradually replacing the family, and improvement of production processes by computerized computerized adapted for analysis, storage and retrieval on a computer. computerized axial tomography see computed tomography. 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. For more information about EVS contact: Mr. Idan Kleifeld - VP Marketing, Phone:+972-4-993-6400, Fax:+972-4-9894733 Mr. Ken Chen - China Chief Representative, Phone: 86-21-65071689, Fax: 86-21-65073197 Email: Info@evs.co.il Web Site: http://www.evs.co.il 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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