Israeli company closes funding

January 6, 2004 – Elbit Vision Systems Ltd., Yoqneam, Israel, a manufacturer of optical inspection equipment, has closed a $2.3 million round of funding, led by new investor Meitav Capital. With the funds, Elbit now meets the Nasdaq exchange’s minimum requirements for shareholder equity, making the company eligible to be relisted on the Nasdaq SmallCap Market.


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