Elbit Systems to offer Technion researchers an advanced laboratory, research grants and guidance in unique research fields HAIFA, Israel, June 15
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 & CFOEhud Helft / Kenny Green
Dalia Rosen, Head of Corporate
Communications
Elbit Systems LtdG.K. Investor Relations
Tel: +972-4-8316663 Tel: 1-646-201-9246
Fax: +972-4-8316944 Fax: +972-3-607-4711
E-mail: gspr@elbit.co.il E-mail: info@gkir.com
daliarosen@elbit.co.il
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.
SOURCE Elbit Systems Ltd.
