EVS’ iBar Installations Achieve Milestone: Acceptance At Major Customers

EVS’ iBar Installations Achieve Milestone: Acceptance At Major Customers

 

 

Caesarea, Israel, May 5, 2015 — Elbit Vision Systems Ltd. (OTCBB: EVSNF.OB), a global
provider of vision technology for automatic surface inspection and in-line quality monitoring systems,
announced today that two major European manufacturers and a leading US textile manufacturer have
given formal acceptance on EVS’ new product, iBar.

For over two decades, EVS has pioneered the science of camera-based automatic vision inspection for
textile fabrics and technical webs. The latest breakthrough adds to this legacy the first truly automated,
in-line, product and process monitoring solution for fabric formation machines. iBar was designed and
built specifically for the harshest manufacturing environments in the new, high speed textile industry.
For the first time, EVS will be publicly demonstrating the iBar at the Techtextil exhibition, a leading
international trade fair for technical textiles which will be held in Frankfurt, Germany, between May,
4-7 2015. The EVS booth is in Hall 3, Ebene 0, Booth D05.

Sam Cohen, CEO of EVS, commented, “We are very pleased that this tremendous new product is
moving forward, with the first systems achieving acceptance at some of our major customers. These
customers are leaders in their fields and are well known for their uncompromising approach to quality.
Acceptance from these targeted customers is a key milestone in our land-and-expand strategy proving
there is a great need for iBar among textile manufacturers.”

“Following the initial iBar installations, we used the feedback we received from customers to make the
necessary software modifications to broaden our marketing efforts. This week we will be
demonstrating the product at the Techtextil exhibition, where some 50 of our customers will exhibit
and many more potential iBar customers will be in attendance. This marks the graduation of the
current iBar marketing from key targeted customers, to the broader textile market. We fully understand
that expanding our markets will directly correlate to increased iBar sales and revenues throughout the
year,” concluded Mr. Cohen.