JTA NEWS
24 June 2017 - 1 Tammuz 5777 - א' תמוז ה' אלפים תשע"ז
JTA NEWS :
Business
Israeli and Japanese companies sign MOU on cyber know-how E-mail

Israel and Japan signed two co-operation agreements in May to enhance economic and industrial collaboration between the countries.

Israeli cyber companies will be involved in a new training programme led by the Japanese Ministry of Economy, Trade, and Industry for Japanese cyber companies. The programme involves the integration and assimilation of technologies and know-how from Israel.

In the framework of this co-operation, Israeli companies will present cyber risks to Japanese companies, while exposing them to systems developed in Israel for protection against such attacks.

The Japanese Minister of Economy, Trade, and Industry Hiroshige Seko and his Israeli counterpart, Eli Cohen, signed the agreements during the Japanese minister’s visit to Israel. “The agreement of understandings concerning cyberspace includes joint cyber exercises by companies from Israel and companies from Japan, an exchange of know-how and technologies in this field, and the possibility of integrating companies from Israel in cyber protection in Japan, especially in preparation for the 2020 Tokyo Olympics. The Japanese regard Israel as a pioneer in cyberspace, and they need us to help prepare for the Olympic Games,” said Dagan Alony of Israel’s Ministry of Economy and Industry Foreign Trade Administration.

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Team8 co-hosts cybersecurity event in Singapore E-mail

Team8, an Israeli cybersecurity think tank and venture creation foundry, co-hosted its thought-leadership series in Singapore last month, in partnership with Temasek, Singtel, CIO Academy and SGX.

The global series, currently held in four cities (New York, San Francisco, Tel Aviv and London), gathers prominent CIOs and CISOs to explore the rapidly evolving cyber technology arena.

Team8, established in 2014, combines strategic thinking with cutting-edge interdisciplinary technological and go-to market capabilities, all run by Israel’s brightest talent from the IDF’s elite intelligence unit, 8200 (Israel’s NSA).

Bringing decades of collective experience in cyber intelligence, Team8 was founded by veterans of Unit 8200: Nadav Zafrir (former Brigadier General of Unit 8200), Israel Grimberg (former head of its cyber division) and Liran Grinberg (former distinguished officer), who have first access to an evergreen flow of top Unit 8200 alumni, many of whom independently are responsible for Israel’s startup nation and flourishing technology ecosystem.

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Japanese firm ORIX buys stake in Ormat Technologies E-mail

Geothermal energy company Ormat Technologies, Inc. announced in May that ORIX Corporation will acquire an ownership stake in Ormat.

ORIX will be purchasing approximately 11.0 million shares of Ormat common stock from FIMI ENRG Limited Partnership, FIMI ENRG, L.P. (collectively, FIMI), Bronicki Investments, Ltd., and senior members of management, representing in the aggregate an approximately 22.1% ownership position in the company.

Under the terms of a new Commercial Cooperation Agreement between the two companies, Ormat will have exclusive rights to develop, own, operate and provide equipment for ORIX geothermal energy projects in all markets outside of Japan. In addition, Ormat will have certain rights to serve as technical partner and co-invest in ORIX’s geothermal energy projects in Japan. Also, ORIX will assist Ormat in obtaining project financing for its geothermal energy projects from a variety of leading providers of renewable energy debt financing with which ORIX has relationships in Asia and around the world.

Ormat was originally founded and established by Israelis Judith and Yehuda (Lucien) Bronicki in 1965. Its main business is geothermal energy – both the construction of geothermal power plants for customers and the operation of its own plants. In recent years the company has expanded its activity to energy storage.

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Israel and India confirm another defence contract E-mail

Israel Weapon Industries (IWI) has set up a joint venture with an Indian partner to manufacture small arms, including assault rifles, from this year.

This is in line with the Indian Government’s efforts to persuade foreign arms makers to share technology and make the products under the “Make in India” programme.

IWI has tied up with India’s Punj Lloyd to manufacture small arms, including assault rifles, such as Tavor 21 and Galil, under a technology transfer arrangement. With the help of IWI, Punj Lloyd has inaugurated a plant in central India, and the production of small arms will begin here this year.

“We have done a joint venture with IWI and we have set up a plant for manufacturing assault rifles, carbines, light machine guns and snipers in our plant. This is a joint venture with technology transfer arrangement to India,” said Ashok Wadhawan, President – Manufacturing Business (Defense and Aerospace) at Punj Lloyd Limited.

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EarlySense enters the Chinese market E-mail

Israeli medical device company EarlySense is entering the Chinese market. The company, which develops and markets systems for nonobtrusive monitoring of the medical state of patients using a device placed under each patient’s mattress, announced a co-operative venture in May with Chinese company Laxis.

Laxis is developing a hospital management kit that will include Earlysense’s monitoring system. “This is part of our entry into Asia,” said Earlysense CEO Avner Halperin. “It began with an investment by a leading Chinese group. At the same time, we also have business in Japan, which includes an investment by Japanese company Mitsui and a marketing agreement in Japan, where we are waiting for confirmation. We regard 2018 as our breakthrough year in Asia. In the coming years, the US market, in which we have already been active for several years, will still be important for us, but after some years, both the US and Asia will be important markets. The Asian market, especially in China and Japan, features rapid aging of the population, and constitutes a huge opportunity. It is hard to get in there, but it appears that we have found the right platform.”

Laxis, which is part of a group of companies called United Imaging and is partly owned by the Chinese Government, has developed a hospital management system that contains a manual device that reads the barcode on the patient’s bed and displays to the doctor or nurse information from monitoring devices, imaging tools and systems monitoring the administering of drugs.

Halperin explained: “A combination of our system with the monitoring system for giving medicines will be interesting. The connection between administering a certain drug, for example for pain, and changes in the patient’s breathing and pulse pattern can be seen with a specific patient, and the effect of the drug on him can be understood.”

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