EVS Reports Robust iBar Sales

Israel-based Elbit Vision Systems Ltd. (EVS) reports its iBar high-tech tool for in-process monitoring has generated more than $1 million in sales since its launch approximately one year ago. According to the company, iBar offers manufacturers in-process inspection during web formation and helps increase margins by reducing raw material waste and maximizing product yield.

“As expected, the market has embraced this technology with open arms, and the results make it clear that iBar represents a significant growth engine for EVS,” said Sam Cohen, CEO, EVS. “We are well on our way to achieving our initial targets of selling several tens of machines [in 2014], and our expectations are for this to grow to several hundred machines [in 2015].”

January/February 2015