Posted November 18, 2014

 

CAESAREA, Israel – Elbit Vision Systems Ltd., a global provider of vision technology for automatic surface inspection and in-line quality monitoring systems, announced that iBar – a new product launched earlier this year – said it has generated in excess of $1 million in orders to date.

 

iBar is an advanced high-tech tool for in-process monitoring and generates a significant return on investment for textile manufacturers, the company said. iBar provides in-process inspection during the most critical step in textile production, the formation of the fabric web. The tool enables manufacturers to increase their product margins by significantly reducing raw material waste and maximizing end-product yield, EVS said.

 

"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 of EVS. “We are well on our way to achieving our initial targets of selling several tens of machines this year, and our expectations are for this to grow to several hundred machines next year. This demonstrates our belief in the tremendous market need for such a product. We believe our product provides a unique solution for yield improvement that is a necessity in today's textile market. Based on our conversations with both existing customers and potential customers, we believe iBar is a product with game-changing potential.”

EVS receives more than $1 million in iBar orders