DGAP-Adhoc

Advanced Vision Technology Ltd.: AVT and Erhardt + Leimer GmbH announce planned joint venture

Advanced Vision Technology Ltd. / Key word(s): Joint Venture

20.05.2015 08:45

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AVT and Erhardt + Leimer GmbH announce planned joint venture

May 20, 2015
Advanced Vision Technology Ltd. (AVT), 6 Hanagar St., Hod Hasharon 45241,
Israel
ISIN IL0010837248, WKN 931340, Prime Standard, Frankfurt Stock Exchange

AVT and Erhard+Leimer GmbH (with its registered seat in
Albert-Leimer-Platz1, 86391 Stadtbergen, Germany; (E+L)) announce their
intent to form a strategic alliance that will provide a wider range of
integrated automation solutions for the printing and converting industries.

According to the companies understandings, in a first step AVT will acquire
E+L's print inspection solutions and will assume the responsibility to
develop and manage these solutions for both companies' customers in the
Label and Packaging applications, including the corrugated segment. In
return E+L will be entitled to future earn outs and a cash payment as per
the set terms. As part of the agreement, Dr. Michael Proeller, E+L's CEO,
will be appointed Chairman of AVT's Advisory Board and serve as an observer
on AVT's Board of Directors.

The expected agreement makes AVT the official inspection and press control
provider for E+L, positioning AVT as responsible for the companies' mutual
automatic print inspection solutions development; this includes both
current products and ongoing product developments in the printing sector.
Each company will then offer solutions from both AVT and E+L to all
customers.

While there remain outstanding issues to be resolved, the parties have
agreed, in a memorandum of understanding, that they expect that these
issues can be resolved in the next few weeks. Following resolutions of
these issues, the parties will be able to sign definitive agreements.

The transaction is not expected to have a material effect on AVT's 2015
results, but it is expected to affect positively AVT's results for 2016 and
beyond.

Hod Hasharon, May 20, 2015
Advanced Vision Technology Ltd.
(The Board of Directors)


20.05.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language: English
Company: Advanced Vision Technology Ltd.
Hanagar 6
45241 Neve Ne'eman, Hod Hasharon
Israel
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.avt-inc.com
ISIN: IL0010837248
WKN: 931340
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart

End of Announcement DGAP News-Service

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