Company Receives Initial Order from Japanese Manufacturer for New Automatic Inspection System

YOQNEAM, Israel--(BUSINESS WIRE)--June 24, 2004-- Elbit Vision Systems Ltd. (OTCBB: EVSNF.OB - News) announced today that it has received an order from a Japanese manufacturer of automotive seatbelt. This is the first order for the Company's automatic inspection system for vehicle seatbelts. The potential value of the order is approximately $1,500,000.

The new system is capable of inspecting several strips of seatbelt fabric simultaneously, with the inspection results of each strip viewable on a single monitor. EVS' seatbelt inspection system complements the Company's existing tire cord inspection system, offering customers another effective tool to ensure a high level of product reliability and safety for end users.

Mr. Yoav Kahane, VP Sales & Marketing of EVS said, "Given the importance of effective inspection for automotive applications as well as the lack of widely available solutions, we believe that this market segment represents significant growth potential for the Company. The need for detection of flaws in the automotive industry goes well beyond the ability to identify cosmetic defects, as the safety of such applications is critical for both the auto manufacturers and consumers. We are pleased that this customer has chosen to work with EVS and believe that with our new seatbelt inspection system, we can effectively meet the needs of the automotive market, duplicating the success of our tire cord inspection system which is being used by some of the world's leading auto manufacturers."

About the Company:

Elbit Vision Systems Ltd. designs, develops, manufactures, markets and supports automatic optical inspection and quality monitoring systems for the industrial, web and microelectronics industries. Company product lines improve product quality and increase production efficiency in the textile, automotive, non-woven, plastics, wafer and LCD industries.

Forward looking statements in this release with respect to the Company's business, financial condition and results of operations are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward looking statements, including, but not limited to, product demand, pricing, market acceptance, changing economic conditions, risks in product and technology development, the effect of the Company's accounting policies as well as certain other risk factors which are detailed from time to time in the Company's SEC filings.

Contact:
Elbit Vision Systems Ltd.
Yaky Yanay, 972-4-993-6418
Yaky@evs.co.il
or
KCSA
Jeff Corbin / Lee Roth
212-896-1214 / 212-896-1209
jcorbin@kcsa.com / lroth@kcsa.com

Source: Elbit Vision Systems Ltd.

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