AVT Experiences Growth in 2006

Published: February 19, 2007, By pffc-online.com

PRESS RELEASE

HOD-HASHARON, ISRAEL—Advanced Vision Technology (AVT) reports a successful 2006 with sales of $28.5 million, up 13.2% over 2005. Profitability for the year 2006 was up 28.9% at $5.4 million ($4.2 million in 2005). Sales for the fourth quarter of 2006 totaled $7.4 million, up 12.3% for the same period in 2005 ($6.6 million). Order bookings for 2006 were more than $28.9 million, an increase of 10.5% over 2005 ($26.1 million), and at year-end, AVT's order backlog totaled $9.4 million ($8.8 million in 2005). Revenues from maintenance, service, and training increased to $2 million in 2006, an increase of 49% over the previous year, reflecting the growing installed base of over 1,500 systems. See avt-inc.com.