the system posed any security risks. Major subsidiaries Elbit Systems Intelligence and Electro-optics – Elop Ltd. Elbit Systems Land and C4I Ltd. Elbit Systems EW and SIGINT – Elisra Ltd. Elbit Systems – Cyclone Ltd. Elbit Security Systems Ltd. Kinetics Ltd. SCD – Semi-Conductor Devices Opgal – Optronics Industries Ltd. Elbit Systems of America, LLC Elbit Systems Land Former holdings and spin-offs Elbit Vision Systems (NASDAQ EVSNF) – a developer and manufacturer of automated optical inspection solutions for textile manufacturing processes, founded in 1992 and had an initial public offering on the NASDAQ in 1996. Chip PC Technologies (TASE CPPC) – a developer and manufacturer of thin client solutions for server-based computing; Elbit acquired 20% of the company in 2006. Everysight – a developer and manufacturer of an augmented reality smartglasses for cyclists, founded in 2016. Global presence Europe Azerbaijan Belgium – On 1 July 2003, Elbit acquired OIP Sensor Systems. France – On June 19, 2011, Elbit announced that its subsidiary Elisra Electronic Systems Ltd. was awarded a contract valued at approximately €5 million to supply hundreds of units of its AN/PRC-684 Personal Locator Beacon to the French Ministry of Defense, equipping the French Air Force, Army, Navy and DGA (Direction Générale de l'Armement). The project is to be performed within 24 months. Italy – On June 22, 2011, Elbit announced that it was awarded a contract valued in excess of US$15 million by Elettronica S.p.A. to participate in a program to supply the ELT/572 DIRCM (Directed Infra-Red Countermeasures) system for installation on various platforms of the Italian Air Force, including the C130J, C27J and AW101. The contract is to be performed over the next three years. North Macedonia – In February 2004 Elbit System started modernization of 4 helicopters (two transport MI-17, and two attack helicopters MI-24V) in Air Base Petrovec for Macedonian Air Force with equipment (ANVIS/HUD-24) for flight and combat in night environments. On May 11, 2011, Ministry of Defence signed a contract for building a training center for pilots with simulators (Full Mission Sumulator, FMS) for MI-17 and MI-24 helicopters. Simulators was produced by Romanian Company Simultec ownership of Elbit Systems, On March 2, 2014, centar was opened with ceremony led by President of Republic Of Macedonia Gjorge Ivanov, Premier of Republic Of Macedonia Nikola Gruevski, ex-minister from Ministry of Defence and other guests. Romania – Elbit Systems' activities in Romania, which started in 1996,