JTA NEWS
19 December 2018 - 11 Tevet 5779 - י"א טבת ה' אלפים תשע"ט
JTA NEWS :
Business
Micromedic Technologies secures lucrative China distribution deal E-mail

Tel Aviv-based cancer diagnostic producer Micromedic Technologies has signed an exclusive distribution deal in China for its innovative bladder cancer detection platform, the company announced in October.

Micromedic manages the development of a variety of cancer diagnostic products, including its non-invasive CellDetect bladder product, which significantly enhances the diagnostic accuracy of early-stage bladder tumours. The deal is the company’s first distribution agreement in China. Under the agreement, Shanghai Gensource Medical Appliances – one of a group of jointly owned Chinese companies developing, producing and marketing medical and diagnostic apparatus – will distribute Micromedic’s product to the group’s customers in 25 cities across China and more than 8,000 hospitals and medical centres.

Shanghai Gensource has also finalised its first order from Micromedic, committing to a minimum purchase of diagnostic products worth approximately NIS 500,000 by the end of 2019. From 2020, the minimum purchase requirement will increase by 10% annually.

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Yunnan Province and Israel strengthen innovation ties E-mail

Not long after Chinese Vice President Wang Qishan’s innovation-oriented visit to Israel on 22 October, a highlevel business delegation from Yunnan touched down in Tel Aviv on 31 October to deepen commercial ties.

The fourth meeting of the China (Yunnan)-Israel Innovation Cooperation Forum took place in the presence of the Vice Governor of Yunnan Province Zong Guoying and Israel’s Economy Minister Eli Cohen, and included the signing of new bilateral agreements by parties from both countries.

“Israeli innovation is one of the most knowledgeable and successful in the whole of the world,” Sun Yun, the chairman of Yunnan Investment Holdings Group (YIG), told The Jerusalem Post.

“China is one of the world’s biggest markets. We need modern agriculture. We need information technology to develop the Chinese market.”

YIG, which has assets worth approximately US$40 billion, now plans to partner with leading Israeli technology company Aman Group to use blockchain technology to build a new transaction platform in fields including finance, health and agriculture. “In the future, the YIG will focus on big data, fintech and ‘big health’ industry to strength and enhance Sino-Israeli cooperation,” said Sun. “YIG and Israeli parties shall join together to reach a win-win situation.”

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Chinese water-filtration company purchases AMS Technology E-mail

Chinese water-filtration company Newater Technology Inc. has acquired 100% of the equity of Israeli water filtration company AMS Technologies for US$13.5 million. The acquisition agreement was signed in the Chinese city of Yantai on 28 November.

Newater is a service provider and manufacturer of membrane-filtration equipment and related hardware and engineered systems that are used in the treatment, recycling and discharge of wastewater.

Based in Or Yehuda, AMS develops and markets chemically and thermally stable and resistant ultrafiltration and nano-filtration special membrane materials used in wastewater treatment. Through this strategic acquisition and additional partnerships, Newater believes it will realise vertical supply chain integration from the preparation of special membrane materials, to the production of membrane elements, to the manufacturing and assembling of the membrane equipment and projects.

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New research: Artificial sweeteners contain toxins E-mail

FDA-approved artificial sweeteners and sport supplements have been found to be toxic to digestive gut microbes, according to a new paper by researchers at Ben-Gurion University of the Negev (BGU) in Israel and Nanyang Technological University in Singapore. The paper was published in the journal Molecules.

The collaborative study indicated the relative toxicity of six artificial sweeteners (aspartame, sucralose, saccharine, neotame, advantame and acesulfame potassium-k) and 10 sport supplements containing these artificial sweeteners. The bacteria found in the digestive system became toxic when exposed to concentrations of only one mg./ml. of the artificial sweeteners.

“We modified bioluminescent E. coli bacteria, which luminesce when they detect toxicants and act as a sensing model representative of the complex microbial system,” wrote Prof. Ariel Kushmaro, John A. Ungar Chair in Biotechnology in the Avram and Stella Goldstein-Goren Department of Biotechnology Engineering, and a member of the Ilse Katz Institute for Nanoscale Science and Technology and the National Institute for Biotechnology in the Negev. “This is further evidence that consumption of artificial sweeteners adversely affects gut microbial activity, which can cause a wide range of health issues.”

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Philippines and Israel sign Palawan oil-exploration deal E-mail

Philippine President Rodrigo Roa Duterte and Itay Raphael Tabibzada, President and CEO of Ratio Petroleum Ltd., signed an oil-exploration agreement on 17 October.

As reported by the Philippine Star newspaper, the agreement covers the East Palawan Basin or Area 4 of the fifth Philippine Energy Contracting Round. The signing was purely ceremonial, as the deal had already been inked during Duterte’s visit to Israel in September.

Presidential spokesman Salvador Panelo said Duterte was the one who signed the agreement on behalf of the Philippine government because such an exploration contract required the President’s signature.

The petroleum service contract will allow Ratio Petroleum to explore 416,000 hectares across the East Palawan Basin for potential oil and gas resources. The deal is expected to cost at least US$34.35 million, including data-gathering and drilling activities over the initial seven-year contract period.

“We’ve been dependent on oil-producing countries for our oil. So we need to boost the exploration of our own resources,” said Presidential spokesman Salvador Panelo.

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