Elbit Vision Systems Ltd. Introduces Inspection System for the Paper Industry.

YOQNEAM, Israel -- Company Receives Initial Order Valued at Over $250,000 from Leading Japanese Manufacturer

Elbit Vision Systems Ltd. (OTCBB: EVSNF.OB) announced that it has received an initial order from a major Japanese manufacturer of paper felt webs used in the production of paper and paper products. This order is valued at over $250,000 and the Company believes that there is an opportunity for follow-on business from this customer, with the potential for future sales of up to $1.5 million.

This system, the latest addition to EVS' I-TEX Lite product family, is designed to increase the reliability of paper felt webs, which are used as substrates in the paper manufacturing process. The system inspects the paper felt web at critical stages of the production process, maximizing efficiency and increasing the quality of the finished product.

This represents the fifth new system based on EVS' I-TEX Lite product family, which was introduced in October 2003. The I-TEX Lite and its variations are currently used for inspection applications involving the production of Non Woven, Composite Materials, Seat Belts and Plastic Films.

Mr. Yoav Kahane, VP Marketing & Sales of EVS said, "We believe a great deal of potential for growth exists within the paper industry. There is a significant need within the paper industry for reliable, advanced inspection tools to ensure quality and reliability of the finished product, and we are extremely pleased to enter this segment of the market."

Mr. Kahane continued, "This order, coupled with recent orders for other newly introduced products, further establishes a solid foundation for our new, broader focused objectives of penetrating new markets and providing solutions for industries in which we have not historically operated such as microelectronics and aircraft. We believe this focus will ensure the continued growth and success of EVS."

About the Company:

Elbit Vision Systems Ltd. designs, develops, manufactures, markets and supports automatic optical inspection and quality monitoring systems for the industrial, web and microelectronics industries. Company product lines improve product quality and increase production efficiency in the textile, automotive, non-woven, plastics, wafer and LCD industries.

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.