Prospector
Profile
07.1142
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| Elbit Vision Systems Ltd. |
NAICS |
333000 |
| 1 Hayasur Street, Hasharon Industrial Park
Kadima, Israel 60920 |
Description |
Machinery Mfg. |
| +972-9-8661600 |
Employees |
0 |
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Revenue |
(mil) |
16.9970 |
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Income |
(mil) |
-6.0930 |
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Assets |
(mil) |
19.3900 |
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Liability |
(mil) |
18.3890 |
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(for the year ended 2006-12-31) |
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Category:
Audit Concerns
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Event:
Brightman Almagor & Co. states that Elbit Vision Systems Ltd.'s recurring losses from operations and net capital deficiency raise substantial doubt about its ability to continue as a going concern.
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Intellectual Property:
The Company relies primarily upon a combination of trademark, copyright, know-how, trade secrets and contractual restrictions to protect intellectual property rights. In addition, employees who have access to confidential information are required to sign confidentiality and invention assignment agreements. Certain elements of its technology are licensed from Dr. Ilan Tamches. The Company has certain exclusive rights to this technology with respect to the textile industry and certain non-exclusive rights with respect to other industries. The Company has a registered patent in France and patent applications pending in Israel with respect to certain technology incorporated in the video cameras used by its systems. [SEC Filing 20-F 07-16-07]
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Description:
The Company designs, develops, manufactures, markets and supports automatic inspection and quality monitoring systems for the textile and other fabric industries.
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Officers:
David Gal (Chair & CEO); Menashe Shohat (CEO & Dir.); Ofer Sela (VP); Yaron Menashe (VP, Sec. & CFO); Benjamin Mano (VP); Hillel Avni (VP); Ron Mahler (VP & CTO); Yuval Berman (Dir.); David Schwartz (Dir.); Nir Alon (Dir.); Linda Harnevo (Dir.)
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Auditor:
Brightman Almagor & Co.
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Securities:
Common Stock-Symbol EVSNF.OB; OTC BB;
29,516,314 common shares outstanding as of December 31, 2006.
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