JTA NEWS
23 January 2018 - 8 Shevat 5778 - ח' שבט ה' אלפים תשע"ח
JTA NEWS :
Business
IAI forms joint venture in South Korea with Hankok Carbon E-mail

Israel Aerospace Industries (IAI) has formed a new company, called Korea Aviation Technologies, with Hankuk Carbon (HC) to develop drones with vertical takeoff and landing capabilities (VTOL). Its products will be aimed at both the military and civilian markets in South Korea.

The two companies signed their joint-venture agreement in October at the International Aerospace and Defense Exhibition in Seoul. Each will hold a 50% stake in the joint venture. State-owned IAI is one of the world’s leaders in drone technology, while Hankuk Carbon will provide manufacturing expertise.

Moon-Soo Cho, CEO from Hankuk Carbon, said that “both companies have established a firm relationship within a short period of time, and the result will be passed on to the HC-IAI joint venture. The UAS system with innovative hybrid propulsion system produced under KAT’s name will set up a new standard of the UAV industry.”

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Haier Electronics opens innovation centre in Tel Aviv E-mail

Chinese appliance-maker Haier Electronics, part of Haier Group, opened an innovation centre in Israel in October, with a focus on smart home technologies.

The company said it is looking for smart household goods technologies to integrate into its product line, and also aims to help Israeli companies looking to expand into China.

Wang Ye, vice president and general manager of the Advanced Innovation Center in Haier’s appliance group, said: “The decision to open an in-novation centre is fully aligned with Haier’s strategy: the world is our lab.” Haier Group acquired General Electric Co.’s appliances unit in 2016 in a deal worth US$5.4 billion.

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Lab-meat technologies come to China E-mail

In September, China signed a US$300 million trade deal to import Israeli lab-meat technologies, VegNews reported. Two Israeli companies – SuperMeat and Future Meat Technologies – are currently working to replace meat animals with “synthetic labgrown cultured” meat.

China signed the deal as part of its effort to reduce its greenhouse gas emissions by reducing the impact of cows and other animals that emit methane. Cows are considered the most dangerous source of greenhouse gases on the planet.

Hong Kong billionaire Li Ka-Shing has been investing heavily in US food-technology firms Impossible Foods and Hampton Creek. The latter firm plans to start marketing its lab meat as early as 2018.

In July, SuperMeat reached its US$100,000 crowdfunding goal, and has recruited awardwinning biomedical engineer Yaakov Nahmias of the Hebrew University and Prof. Shulamit Levenberg from the Technion to develop a meat-making machine that would use animal cells to produce “real meat without harming animals”.

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Globe Telecom partners with Gilat Satellite Networks E-mail

Gilat Satellite Networks Ltd, an Israeli firm that provides satellite networking technology, solutions and services, announced on 11 September that Philippine-based Globe Telecom, Inc. had chosen Gilat for a five-year multi-million-dollar managed service contract, to enable accelerated deployment for the mobile operator’s rapid network expansion throughout the country.

Gilat, headquartered in Petah Tika, is to deliver its leading satellite backhaul for cellular network as a managed service to provide data and voice services over 2G/3G/LTE to all regions requiring improved connectivity and broadband access, while maintaining a strict service level agreement.

This service will enable Globe to provide voice and data coverage over satellite in the challenging terrain of the Philippines.

“This is a breakthrough project for Globe. By using Gilat’s innovative VSAT technology, we can deliver mobile broadband data services in remote rural areas that previously had no connectivity, in a cost effective manner. At the same time, this will allow us to quickly augment our transmission capacity in our 4G network to meet everincreasing mobile data usage. Moreover, this innovative VSAT technology will be used to provide for rapid disaster communications in combination with networkin-a-box technology during catastrophic incidences. We envision this project to improve the delivery of our mobile broadband network for quality and excellent user experience to our customers, especially in remote rural areas,” said Emmanuel Estrada, Globe Senior Vice President for Technical Service Design.

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High-tech Israeli enterprises attend expo in Sichuan E-mail

Many hundreds of enterprises from China and Israel were represented at the 5th China (Mianyang) Science and Technology City International High-tech expo in southwest China’s Sichuan province in September. The organisers of the expo welcomed Israel as the guest country of honour.

The two sides announced a plan to strengthen co-operation in ten major areas, including information, artificial intelligence and green cars.

At the Mianyang expo centre, the Israel booth covered 3,000 square metres, displaying a variety of products. Representatives from 104 Israeli enterprises attended the exhibition.

Amir Laty, Consul General in Chengdu, the capital of Sichuan province, said that it was the biggest event Israel taken part in in the province. He expected deep co-operation in innovation, science and technology.

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