20 October 2018 - 11 Heshvan 5779 - י"א חשון ה' אלפים תשע"ט
Singapore public transit system gets Via E-mail

Singapore’s Land Transit Authority (LTA) has selected the Tel Avivand New York City-based ride-sharing pioneer Via to incorporate ondemand technology into the country’s public transit system.

Via’s app-based technology connects multiple passengers who are headed the same way, allowing riders to request a ride in real time and seamlessly share a vehicle. As part of the awarded contract, Via will demonstrate how its on-demand transit technology will enable buses to be deployed and dynamically routed according to real-time commuter demand.
“Singapore is at the forefront of mobility innovation in the region, and we are thrilled to see Via’s technology in Southeast Asia for the first time,” said Daniel Ramot, Via’s co-founder and CEO.

Launched in 2013 in New York, Via has been tapped by cities and transit authorities in the United States and around the world to help re-engineer public transit from a regulated system of rigid routes and schedules to a fully dynamic, on-demand network.

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Taiwan seeking closer tech co-operation with Israel E-mail

Taiwan is hoping to co-operate more closely with Israel in the technology field, in order to strengthen its ability to innovate, announced Science and Technology Minister Chen Liang-gee recently.

One way to achieve this, Chen said, will be for the Ministry of Science and Technology (MOST) to set up a technology section in the Taipei Economic and Cultural Office in Tel Aviv. It will be led by the minister’s tech advisor Wang Ting-an, who has experience in Silicon Valley.

The mission of Wang’s unit will be to develop closer links with tech startups and research and development groups in Israel and take advantage of Israel’s strong sense of what the market needs – which Taiwanese companies generally lack – to foster the development of niche products, according to Chen. The section will also push for co-operation between Taiwan’s tech development groups, such as MOST’s AI Innovation and Research Center and the Global Research & Industry Alliance, and their counterparts in Israel, Chen said. The alliance, consisting of 15 top universities in Taiwan, including National Taiwan University, National Tsing Hua University and National Chiao Tung University, promotes national technology development by bringing together local academia. Chen praised Israel’s R&D capabilities, saying it has been effective in transferring technologies developed by its nine national universities to the private sector and commercialising them on the market. Taiwan is also eyeing co-operation with Israel in talent cultivation, as Taiwan needs a larger talent pool to support its drive for more tech startups, Chen said.

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Elbit Systems secures contract with Thai Navy E-mail

The Royal Thai Marine Corps (RTMC) is acquiring new firepower to protect the country’s eastern border adjacent to Cambodia, after a contract was signed to procure the 155mm L/52 Autonomous Truck Mounted Gun (ATMG) from Israel.

On 23 March, Admiral Jumpol Loompikanon, the deputy permanent secretary for defence, hosted a ceremony to sign a contract for six units of the ATMG from Elbit Systems. The contract with the Royal Thai Navy is worth about US$26 million, and the systems will be delivered within 28 months.

Major parts of the gun system from Israel will be assembled in Thailand by the Weapon Production Centre’s Defence Industry and Energy Centre (WPC DIEC).

Technology transferred from Elbit Systems will also allow other minor parts to be built by the WPC DIEC.

The ATMG is an autonomous artillery system with built-in fire control system, a high rate of fire and good manoeuvrability. The Royal Thai Army (RTA) has already procured 18 units of this same artillery system.

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Get-Diamonds partners with Chinese E-Commerce platform Print E-mail

Get-Diamonds, the official B2B e-commerce platform of the Israeli Diamond Industry (IDI), signed an official partnership agreement with Rock & Trade, a diamond website especially for Chinese jewellers and suppliers, on 28 March. Through this agreement, all goods offered on Get-Diamonds will automatically be offered on the Chinese-language site.

Israel-based Rock & Trade is the number-one platform for loose diamonds in the Far East. It offers access to hundreds of Chinese-speaking jewellers and suppliers throughout mainland China and Hong Kong.

IDI Chairman Boaz Moldawsky hailed the agreement as an important step in expanding the reach of Get-Diamonds in one of Israel’s leading markets. “Get-Diamonds is an extremely powerful tool in growing Israel’s diamond trade. This partnership will enable us to trade directly with Chinese jewellers easily and efficiently and in their own language,” he said. Near Kella, co-founder of Rock & Trade, said: “We are officially partnering with the Israel Diamond Exchange to enhance the ecosystem between China and Israel. Our Chinese jewellers will now have direct access to the Israeli stock and they will be able to benefit from the high quality, special cuts and rare fancy coloured diamonds that can only be found in Israel.”

(Issue May 2018)

South Korean business lobby group and Israel’s VC firm Yozma sign MOU Print E-mail

The Federation of Korean Industries (FKI), South Korea’s major business lobby group, signed an initial pact in April with Israeli venture capital firm Yozma Group for a partnership to support venture startups in Korea.

FKI Chairman Huh Changsoo and Yozma Group Chairman Yigal Erlich signed a Memorandum of Understanding (MOU) to promote exchanges between venture firms of the two countries in the short term and to support Korean venture startups with Yozma’s experience and know-how in new ventures, the FKI said in a statement.

Founded in 1993, the Tel Aviv-headquartered group is known as a trailblazer in the Israeli venture capital sector. It has invested in more than 20 companies that went public on the tech-heavy NASDAQ.

(Issue May 2018)

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