A new joint Israeli-Korean investment fund established to promote advanced medical and biological technology was officially launched on March 15th by Minister of Science and Technology Professor Daniel Hershkowitz along with senior South Korean government officials. Together with several Israeli and foreign investment firms, the fund was launched with initial commitments of NIS 125 million [...]
Blue i Water Technologies, a Tel Aviv-based water-monitoring technology firm, is currently in the process of installing 140 of its quality-inspection devices in Barcelona and 40 more in other areas of Spain. The company’s newest device, called the Low Energy Analyzer (LEA), is a “smart box” that is installed in water pipes underneath Spanish streets [...]
Covidien plc (NYSE: COV) will acquire Israel-based bronchial tubes endoscope maker superDimension Ltd. for about $300 million, the company announced in March. Ireland based-Covidien has annual sales of $30 million. SuperDimension’s i-Logic System uses Electromagnetic Navigation Bronchoscopy to provide minimally invasive access to lesions in the lungs and is mostly used to diagnose lung cancer.
US chipmaker Broadcom recently announced the purchase of Israeli processors developer BroadLight for $230m. BroadLight produced semiconductors and software for fiber-to-the-premises broadband access networks. This is Broadcom’s tenth acquisition in Israel, including Provigent, which it bought last year for $313 million.
NDS, founded in 1988 by scientists from the Weizmann Institute, and which operates a large R&D center in Jerusalem, is being bought by information technology giant Cisco for $5b. NDS, with world headquarters in Stains, UK, specializes in the development of interactive systems for secure delivery of entertainment and information to digital TVs, digital set-top [...]
As reported in Israel21c: Last year, about 44,000 Americans were diagnosed with pancreatic cancer, a notoriously resistant cancer to treat and the fourth most common cause of cancer-related death for men and women. The prognosis for these patients could improve drastically if a compound developed by Israel’s Tiltan Pharma continues to succeed in clinical trials. [...]
We are pleased to announce that the Sorek Desalination Plant has been nominated and shortlisted for the “Water Deal of the Year” GWI award. If you are a subscriber to GWI, D&WR or a member of IDA, we invite you to vote for the Sorek plant to win this prestigious award. GWI cited the consortium [...]
Against the backdrop of a decline in foreign investments in Israel, Minister of Finance Dr. Yuval Steinitz, and Acting Director General of the Ministry of Finance, Mr. Doron Cohen, joined by leading members of the Israeli business community, headed this morning for Europe to attend the Bloomberg Sovereign Debt Conference, with the aim of promoting [...]
As reported in Israel21c: Cow milk is a fairly recent addition to the Chinese diet. But demand for milk products has grown so quickly that existing farms can barely meet it. So Chinese dairy companies are turning to the acknowledged authority on the milking business: Israel. Eight Chinese dairy farm manager trainees recently completed an [...]
As reported in Globes: Ela – Beverage Containers Collection Corporation Ltd. reports that the recycling of bottles is growing in Israel. 600 million bottles were recycled in 2011, 77% of bottles with deposits that were sold last year, and exceeding the 73% target set in the Bottle and Can Deposit Law (5759-1999). 41% of family-sized [...]