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Advanced Vision Technology Ltd.: AVT Reports First Nine Months of 2015 Financial Results - Seite 2
Net income in the first nine months of 2015 was USD 2.1 million or a profit
of USD 0.34 per share (diluted) compared with net income of USD 3.6 million
or a profit of USD 0.59 per share (diluted) in the nine months of 2014.
Jaron Lotan, President and CEO of AVT: "While results of the first nine
months of 2015 were not as good as we had initially expected, we see a good
business atmosphere in most of the relevant geographies we are active in
and we have actually shipped significantly more systems in the first 9
months of this year than in last year. We are focusing our efforts on our
strategic initiatives and the digital solutions, as well as our alliance
with Erhardt and Leimer, and we remain optimistic about AVT's prospects.
In September, AVT exhibited at Label Expo Brussels - the most important
show for the label industry that attracted many packaging converters as
well. At this show we launched the Helios S Turbo, our new flagship
inspection and quality control system for the Label and Narrow-Web segment.
Following previously announced agreements with Landa Digital Printing and
Hidelberg, AVT was chosen by another major OEM to support their next
generation inkjet presses and received a major order for its Jet-IQ
solution. AVT also continued to enhance its digital presence with HP Indigo
as it installed a second Apollo 30K system, the new solution for Folding
Cartons, in the US, on an HP Indigo 30000 press and received an order for a
third such system.
Following our announced strategic alliance with Erhart & Leimer (E+L), we
also introduced the new Helios EL upgrade, designed to enable E+L customers
to get the latest AVT workflow and software features by upgrading their
systems. We also co-launched the new SMARTSCAN with E+L, an entry level
narrow web inspection solution for missing label and gross defect detection
to complement our portfolio."
About AVT
AVT (Advanced Vision Technology, Ltd) is a leading provider of print
process control, quality assurance and color control solutions for the
printing industry. AVT offers inspection and process control solutions for
Packaging, Labels, Folding Cartons and Metal Decorating applications.
Today, more than 4000 AVT automatic inspection systems for packaging and
labels are installed worldwide. As a premier supplier of color control
solutions for offset printing, AVT has over 800 of its closed loop color
control systems, and over 3,300 color management and reporting software and
remote digital ink fountain control systems installed around the world.
AVT's products are sold to leading printing press and finishing equipment
show for the label industry that attracted many packaging converters as
well. At this show we launched the Helios S Turbo, our new flagship
inspection and quality control system for the Label and Narrow-Web segment.
Following previously announced agreements with Landa Digital Printing and
Hidelberg, AVT was chosen by another major OEM to support their next
generation inkjet presses and received a major order for its Jet-IQ
solution. AVT also continued to enhance its digital presence with HP Indigo
as it installed a second Apollo 30K system, the new solution for Folding
Cartons, in the US, on an HP Indigo 30000 press and received an order for a
third such system.
Following our announced strategic alliance with Erhart & Leimer (E+L), we
also introduced the new Helios EL upgrade, designed to enable E+L customers
to get the latest AVT workflow and software features by upgrading their
systems. We also co-launched the new SMARTSCAN with E+L, an entry level
narrow web inspection solution for missing label and gross defect detection
to complement our portfolio."
About AVT
AVT (Advanced Vision Technology, Ltd) is a leading provider of print
process control, quality assurance and color control solutions for the
printing industry. AVT offers inspection and process control solutions for
Packaging, Labels, Folding Cartons and Metal Decorating applications.
Today, more than 4000 AVT automatic inspection systems for packaging and
labels are installed worldwide. As a premier supplier of color control
solutions for offset printing, AVT has over 800 of its closed loop color
control systems, and over 3,300 color management and reporting software and
remote digital ink fountain control systems installed around the world.
AVT's products are sold to leading printing press and finishing equipment
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