- February 28, 2003, PRESS RELEASE
HOD-HASHARON, ISRAEL—Advanced Vision Technology Ltd. (AVT) recently reported its 2002 results "with record revenues and orders." According to the supplier of automatic optical inspection systems for web printing applications, 2002 revenues were US $12.5 million, an increase of 35 percent over 2001, while net loss decreased by 50 percent from $5.7 million to $2.8 million. States the AVT financial information release:
At the close of 2002, AVT's backlog stood at $6.5 million. The company expects further growth in 2003, in spite of continued uncertain market conditions.