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2002-01-17

Elbit Vision Systems sells first automatic TIRE-CORD inspection system to HYOSUNG CORPORATION, Korea

ELBIT VISION SYSTEMS SELLS FIRST AUTOMATIC TIRE-CORD INSPECTION SYSTEM TO HYOSUNG CORPORATION, KOREA Elbit Vision Systems Ltd. (NASDAQ: EVSN) announced today that the first installation of
their revolutionary I-TEX100TC - Automatic Tire-Cord Inspection System has been successfully completed. HYOSUNG CORPORATION, the world's largest tire-cord supplier, has installed the system at its Ulsan plant in Korea.

?We have designed the I-TEX100TC to fulfill the unique inspection needs of the tire-cord dipping process, combining our extensive experience in automatic inspection of textiles, together with an in-depth comprehension of the tire-cord industry itself?, said Idan Kleifeld, Marketing Vice President of EVS. Kleifeld added, ?The excellent results of the installation in Hyosung, as well as at other tire-cord sites in Europe, lead us to believe that automatic inspection will become a standard inspection tool in every tire-cord production line around the globe."

Tire-cord fabrics constitute the basis of tire production and play a vital role in the final quality of modern tires. The EVS I-TEX100TC system is installed at the end of the tire-cord dipping line, and provides 100% real-time automatic visual quality inspection of the production at line speed.

Elbit Vision Systems Limited designs, develops, manufactures, markets and supports automatic optical inspection and quality monitoring systems for the textile and the non-woven industries. The Company?s systems, marketed under the brand I-TEXTM and PRINTEXTM, are designed to increase the accuracy, consistency and speed of detecting and identifying defects in the manufacturing process in order to improve product quality and increase production efficiency.
Hyosung is Korea's top-class enterprise, employing more than 3,700 workers. Having started with synthetic fibers, Hyosung has diversified its business lines since the late 1970s by progressing to engineering plastics, polyester bottles, propylene and polypropylene, steel cord, bead wire, computer and information & communications systems and distribution.

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Contact:
Idan Kleifeld, VP Marketing
Elbit Vision Systems Ltd
Email: idan@evs.co.il
Tel: 972-4-993-6400
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