EVS Expands iBar Sales In China, Receives Significant Order For 12 iBars From Hailide

CAESAREA, Israel — June 16, 2015 — Elbit Vision Systems Ltd., a pioneer in the science of camera-based automatic vision inspection for textile fabrics and technical webs, announced today that it has received a significant order of 12 additional iBar systems from Zhejiang Hailide, a major manufacturer of high quality technological and advanced materials. This order is the result of a successful 5 iBar systems trial installation on the company’s tire cord looms.

Mr. Gao, President of Hailide, commented: “In order to maintain our position as a leading technical and composite supplier, we made the decision to invest in state-of-the-art technology to ensure the quality of our products. Over the past few months, we have been working closely with EVS, testing their iBar system on our tire cord production floor. The collaboration has been excellent, and we have been particularly impressed with the results which demonstrated an exceptionally strong ROI. These iBar systems paid for themselves in only a few months by increasing our overall product yield and reducing waste. We expect these new machines to play a significant part in bringing our customers an unparalleled top-quality end product. We look forward to expanding our collaboration with EVS in the near future.”

Mr. Sam Cohen, CEO of EVS, commented: “We are very pleased with the success of the iBar systems and believe this order marks the beginning of the escalation of our land-and-expand strategy. This important new partnership with Zhejiang Hailide and the potential business it represents certainly validates our marketing plan. As we expected, the iBar brings an immediate return on investment which will lead customers to quickly replicate this success to large numbers of machines following initial trials.”

Posted June 16, 2015

Source: EVS