Elbit Vision Systems Commences Sales of Systems to LIBA Maschinenfabrik GmbH

CAESAREA, Israel, March 26, 2012 /PRNewswire/ --

Elbit Vision Systems Ltd.  (OTCBB: EVSNF.OB), a global leader in the field of automatic in-line optical web inspection and quality monitoring systems, has sold a first IQ-TEX 4 to Liba Maschinenfabrik GmbH. The sale follows the execution of a framework agreement with Liba in November 2011, for the sale commissioning and maintenance of EVS automatic visual systems to Liba, as part of Liba's solution for its existing customer base.

Sam Cohen, EVS CEO said "LIBA customers will be able to enjoy the state-of-the-art solutions by EVS to increase efficiency and productivity in the manufacture process, using EVS leading product IQ-TEX 4".

Mr. Cohen said "IQ-TEX 4 is a fully integrated image acquisition & processing system, built on EVS' proprietary Smart Vision Camera (SVC) platform. This latest EVS innovation utilizes high resolution color line scan technology and enhanced Defect Sorting Algorithms (DSA), to achieve unparalleled defect detection & interpretation.

"With the capability to detect defects <0.1 mm in size, at speeds of up to 1,000 meters per minute, the IQ-TEX 4 is designed to provide Vision Empowered Monitoring (VEM), at each stage of manufacturing. From process or defect specific applications, to the final inspection of finished products, this solution is tailor made to meet each customer's individual needs. Its narrow profile and modular frame, allow for seamless integration into virtually any operation."

Karlheinz Liebrandt, the Managing Director of LIBA said: "Quality requirements for the production of textiles in the composite industry are permanently increasing-and that's the case not only in aerospace. Our machine customers do ask for more complete and integrated system, to assure any upcoming quality standards in their production. Based on the cooperation with EVS, we can fulfill these needs with the latest state-of-the-art technology."

About Elbit Vision Systems Ltd. (EVS): http://www.evs.co.il

EVS offers a broad portfolio of automatic State-of-the-Art Visual Inspection Systems for both in-line and off-line applications, and process monitoring systems used to improve product quality, safety, and increase production efficiency.  EVS' systems are used by over 650 customers, many of which are leading global companies.

About LIBA MASCHINENFABRIK GMBH: http://www.liba.de

LIBA-Maschinenfabrik GmbH is a private family-run company based in Naila/Bavaria. With 360 employees, the company's annual turnover exceeded 64 Mio € in 2011. Since its foundation in 1945, LIBA is the specialist for development and production of a wide range of warp knitting machines for almost any textile application. In the last 25 years, especially high performance Multiaxial machines for textile composite material has been a major focus - being the market leader in this high-tech application, LIBA has installed more than 250 Multiaxial machines worldwide.

Multiaxial reinforced composites for rotor blade production growing market of the wind mill industry. Now the next major breakthrough of this high-tech textile will take place in the automotive industry: Lightweight car structures incorporating carbon fiber composites will make the pace for a new generation of energy efficient vehicles, with other classic fuel engine and/or electro drive systems.

The LIBA Multiaxial technology will play the major role in this upcoming material revolution. Quality & Innovation with the philosophy of 'Made in Germany' are the basis of LIBA's success with more than 800 customers worldwide. The company's subsidiaries in USA as well as China and several service stations assure a quick response for customer's service around the world.

This press release and other releases are available on  http://www.evs.co.il 

Safe Harbor Statement

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.

Company Contact Information:
Yaron Menashe, CFO
Tel: +972-4-6107609
[email protected]

SOURCE Elbit Vision Systems Ltd