JTA NEWS
21 August 2017 - 30 Av 5777 - ל' אב ה' אלפים תשע"ז
JTA NEWS :
Business
INDIA AND ISRAEL AMONG TEAMS FIGHTING FOR FIRST PRIVATE MOON LANDING E-mail

Google and non-pro t company X Prize announced in January that out of 33 original teams, five have secured launch contracts to send spacecraft to the Moon.

Israel’s SpaceIL team and India’s Team Indus are among the final five. The SpaceIL team is funded by a US casino tycoon, while Team Indus receives support from the Indian Space Research Organization.

Teams must launch their spacecraft by no later than 31 December 2017 to be in the running to win the US$20-million Google Lunar X Prize.

The spacecraft must carry a payload containing a data disk and a commemorative plaque, and be able to transmit up to 100 kilobytes of data from the surface to the orbital craft, which must then transmit that information back to Earth. No more than 10 percent of the mission cost can come from government funding.

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Chinese company invests in InovyTec Medical Solutions E-mail

Israel’s InovyTec Medical Solutions Ltd. has received a US$3 million investment from Vincent Medical Holdings, a Chinese holding company that does research and development and manufacture and sale of medical devices.

The investment gives Vincent Medical Holdings a 15% stake in the company. It will also open up the Chinese market to InovyTec, which has developed non-invasive and portable medical devices for out-of-hospital emergencies that aim to help even non-trained personnel provide life-saving emergency care to patients.

Leveraging Vincent Medical’s experience and presence in China, InovyTec will be able to “capitalise on the huge potential that exists in China and in the area in the sector of medical devices,” said Udi Cantor, the founder and CEO of the Israeli firm.

The startup’s LUBO product, which has already obtained the necessary regulatory permits, including from the FDA, allows the opening of the airways in a safe and non-invasive way. It is based on the field experience of Dr Omri Lubovski, a veteran of the Israeli army’s aviation rescue 669 unit. Lubovski realised the need for opening the airway in a quick, non-invasive and efficient way, especially in complicated field or road-side situations.

In addition, InovyTec has developed the SALI, a portable device that can treat both cardiac and respiratory failures by allowing emergency responders to manage airways, oxygen therapy and defibrillation on site, and at the same time transmit signals and data to any remote emergency centre for backup using cloud technology.

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Israel Diamond Pavilion at Hong Kong show hosts 83 companies E-mail

Israel’s diamond industry was again a major presence at the Hong Kong International Diamond, Gem & Pearl Show, organised by the Hong Kong Trade Development Council. This year’s event ran from 28 February to 4 March at the AsiaWorld-Expo.

The Israel Diamond Pavilion, organised by the Israel Diamond Institute Group of Companies (IDI), hosted 83 companies. There were also 10 Israeli companies exhibiting in other locations throughout the show. Among the Israeli exhibitors four companies were participating in the show for the first time.

In the 1,200-square-metre Israel Diamond Pavilion, located in the Diamond Hall, IDI hosted a spacious lounge, with refreshments being served throughout the day.

Three “Get Diamond Show” terminals enabled buyers to search a computerised database in both English and Chinese to find all the goods offered by Israeli exhibitors at the show. Buyers could also access the Get Diamond Show system on their smartphones.

The Israeli exhibitors presented diamonds of all shapes and sizes, with several companies showing very large and important stones and fancy coloured diamonds. Many of the exhibitors were also showing specially designed pieces of diamond jewellery.

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Israeli technology to help clean India’s Yamuna River E-mail

India’s government announced in February that it will employ Israeli technology to clean up the Yamuna river, a tributary of the Ganges in northern India.

Ayala Water and Ecology Ltd will focus on a stretch of eight kilometres of sewage that drains into the river as an initial step towards cleaner water and a cleaner environment.

Commenting on the joint partnership in Delhi, Daniel Carmon, Israel’s Ambassador to India, said: “I commend the Israeli company Ayala Water & Ecology on their work in India. Addressing the challenges of water and environment is a challenge both India and Israel share. I am proud to see this partnership in action.”

“As we celebrate 25 years of growing partnership, we are glad that Israeli technology is integrated in government initiatives for the benefit of the Indian citizen. This is another example of the multifaceted partnership between India and Israel,” he added.

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Air India looking to y to Israel E-mail

Air India is in the process of inaugurating a new MumbaiTel Aviv route. The announcement is expected to coincide with an official visit to Israel by Indian Prime Minister Narendra Modi that has been slated to happen sometime in the next few months, according to the Times of India.

The flight will take a circuitous route to avoid ying over countries that do not have relations with Israel, and will therefore take seven rather than the usual ve hours for a direct route.

“Saudi Arabia does not allow planes to y to Israel from over its airspace. So Air India is drawing up a circuitous route to avoid over ying countries that have such restrictions for Israelbound planes,” a source told the Times of India.

El Al, Israel’s national airline, currently operates a route between Tel Aviv and Mumbai, though its jets are barred from ying over several Islamic and Gulf countries, including Pakistan, Afghanistan, Iran and the United Arab Emirates.

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