Elbit Systems and the Israel Institute of Technology (Technion) to Establish New Vision Systems Research Centre
June 15 2008 - 6:41AM
PR Newswire (US)
Elbit Systems to offer Technion researchers an advanced laboratory,
research grants and guidance in unique research fields HAIFA,
Israel, June 15 /PRNewswire-FirstCall/ -- Elbit Systems Ltd.
(NASDAQ:ESLT) and the Haifa-based Israel Institute of Technology
(the "Technion") signed a joint research agreement in the field of
vision systems. According to the agreement, Elbit Systems will
award research grants during the next five years, to selected
Technion researchers of the Electrical Engineering Department.
These researchers will support their research using Elbit Systems'
advanced Eye Tracking laboratory. (Logo:
http://www.newscom.com/cgi-bin/prnh/20080408/300441 ) Elbit Systems
recently published a call for research in vision and computer aided
vision fields, directed at students and researchers from the
Electrical Engineering Department of the Technion. Elbit Systems
has so far received numerous research requests from both
undergraduate and graduate students. The Grant Committee, which
includes Elbit Systems' R&D representatives and a Technion
observer, will soon determine which of the research requests will
be granted. The Committee will continue to follow additional
research fields suitable for the award of research grants in the
coming years. Researchers in the eye tracking field will examine,
among other aspects, the human eye's capability to track objects in
space, and qualify and categorize the objects perceived (3D
movement, etc.). The vision researches' findings are expected to
contribute to the improvement of data fusion capabilities in
determining targeted objects' outlines, efficient automatic
calibration in case of overlapping cameras' fields of vision,
picture reconstruction and more. "The new program we are launching
and Elbit Systems' annual donation to the research in the vision
systems field reflect the fruitful, reciprocal cooperation between
the Technion and industry," said Yitzhak Apeloig, the Technion
President. "I trust that both our students and Elbit Systems will
benefit from this cooperation and soon reap its benefits. On behalf
of the Technion and the Faculty of Electrical Engineering
Department, the Technion's flagship and largest department, I
express my gratitude to Elbit Systems, the flagship of the Israeli
industry." "Elbit Systems is proud to be an active partner in
advancing the research activity performed at the Technion, one of
the most technologically advanced research institutions in the
world," said Joseph Ackerman, Elbit Systems' President and CEO. "We
see our constant investment in R&D a central ingredient in
Elbit Systems' success so far, and vital for the maintenance of our
leadership in the highly competitive global defense industry. Over
the generations, many Technion graduates have joined Elbit Systems.
We take pleasure in our ability to contribute and offer more
Technion students the opportunity to research the fascinating field
of vision systems and particularly eye tracking during their
studies." Elbit Systems is a world leader in vision systems,
offering its cutting edge technology in diverse fields, such as
advanced helmet mounted systems for combat aircraft, providing
pilots with critical flight and mission information which is
projected on-line into the pilots' helmets, without the need to
turn or lower their gaze. The electromagnetic position tracking
technology enables accurate detection of the pilot's head position
and field of vision. About Elbit Systems Elbit Systems Ltd. is an
international defense electronics company engaged in a wide range
of defense-related programs throughout the world. The Company,
which includes Elbit Systems and its subsidiaries, operates in the
areas of aerospace, land and naval systems, command, control,
communications, computers, intelligence surveillance and
reconnaissance ("C4ISR"), unmanned air vehicle (UAV) systems,
advanced electro-optics, electro-optic space systems, EW suites,
airborne warning systems, ELINT systems, data links and military
communications systems and radios. The Company also focuses on the
upgrading of existing military platforms and developing new
technologies for defense, homeland security and commercial aviation
applications. Contacts: Company Contact: IR Contact: Joseph Gaspar,
Executive VP & CFO Ehud Helft / Kenny Green Dalia Rosen, Head
of Corporate Communications Elbit Systems Ltd G.K. Investor
Relations Tel: +972-4-8316663 Tel: 1-646-201-9246 Fax:
+972-4-8316944 Fax: +972-3-607-4711 E-mail: E-mail: This press
release contains forward-looking statements (within the meaning of
Section 27A of the Securities Act of 1933, as amended and Section
21E of the Securities Exchange Act of 1934, as amended) regarding
Elbit Systems Ltd. and/or its subsidiaries (collectively the
Company), to the extent such statements do not relate to historical
or current fact. Forward Looking Statements are based on
management's expectations, estimates, projections and assumptions.
Forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995,
as amended. These statements are not guarantees of future
performance and involve certain risks and uncertainties, which are
difficult to predict. Therefore, actual future results, performance
and trends may differ materially from these forward-looking
statements due to a variety of factors, including, without
limitation: scope and length of customer contracts; governmental
regulations and approvals; changes in governmental budgeting
priorities; general market, political and economic conditions in
the countries in which the Company operates or sells, including
Israel and the United States among others; differences in
anticipated and actual program performance, including the ability
to perform under long-term fixed-price contracts; and the outcome
of legal and/or regulatory proceedings. The factors listed above
are not all-inclusive, and further information is contained in
Elbit Systems Ltd.'s latest annual report on Form 20-F, which is on
file with the U.S. Securities and Exchange Commission. All
forward-looking statements speak only as of the date of this
release. The Company does not undertake to update its forward-
looking statements.
http://www.newscom.com/cgi-bin/prnh/20080408/300441
http://photoarchive.ap.org/ DATASOURCE: Elbit Systems Ltd. CONTACT:
Joseph Gaspar, Executive VP & CFO, , or Dalia Rosen, Head of
Corporate Communications, , both of Elbit Systems Ltd,
+972-4-8316663, or fax, +972-4-8316944; IR Contact: Ehud Helft or
Kenny Green, both of G.K. Investor Relations, +1-646-201-9246, or
fax, +972-3-607-4711,
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