Elbit Vision Systems Ltd News

Elbit Vision Systems Wins Orders From two Leading European and US Aerospace Manufacturers

QADIMA, Israel, July 2 PRNewswire-FirstCall — Elbit Vision Systems (OTCBB: EVSNF) today announced that it has a won two orders for multiple ultrasonic inspection systems, totaling $2.2 million. Both are initial orders from leading aerospace manufacturers, one of which is based in Europe and the other based in the United States. Both are new customers for EVS.

The Company will supply these companies with inspection systems for the mission critical task of checking for structural flaws in aircraft materials and jet-engine parts, prior to assembly.

David Gal, CEO and Chairman of the Board, "Both these orders are for multiple systems with new customers, both leading aerospace manufacturers. While expanding our customer base, these orders demonstrate the growth potential in our markets, as well as our competitive advantages. These customers are a new reference for us and demonstrate our success in continuing to win additional business in the aerospace sector."

About Elbit Vision Systems Ltd. (EVS): http://www.evs-sm.com

EVS offers a broad portfolio of automatic State-of-the-Art Visual and Ultrasonic Inspection Systems for both in-line and off-line applications, and quality monitoring systems used to improve product quality, safety, and increase production efficiency.

EVS' systems are used by over 600 customers, many of which are leading global companies. The headquarters, manufacturing and R&D of EVS are all located in Israel.

A worldwide Sales and Service network supports markets as well as systems already installed, in Asia, Europe, Africa, Australia and the Americas.

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.

Investor Relations Contact Ehud Helft / Kenny Green GK Investor Relations Tel: (US) +1-646-201-9246 (Int'l) +972-3-607-4717 info@gkir.com Company Contact Yaron Menashe, CFO EVS Tel: (Int'l) +972-9-8661-601 yaron@evs-sm.com

SOURCE Elbit Vision Systems Ltd

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