| Elbit Systems awarded an upgrade contract in Asia |
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Israeli defense electronics company Elbit Systems announced in August that it has been awarded a contract worth US$80 million to upgrade tanks and supply radio systems for an army in a South East Asian country.
The contract will be carried out over a period of 32 months.
Under the contract, the company will supply fire control systems as well as electric gun and turret drive systems for tanks, and provide advanced radio systems from their successful E-LynX family of radios. These shall be available in several configurations, including hand-held and man-packed radios for infantry soldiers, and vehicular radios for armoured fighting vehicles.
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| IAI enter into further agreements with Indian Navy |
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Israel Aerospace Industries (IAI) announced in July that it has entered into an agreement to provide the Indian Navy and MDL Shipyard with complementary Naval MRSAM (Medium Range Surface-to-Air Missile) systems worth US$50 million.
IAI general manager Boaz Levi claims their “Partnership and strong relationship with the Indian Navy is reflected in all [our] activities. Only recently we have successfully completed a multi-system trial in India that demonstrated the advanced technological centralised management capabilities of the air defense system to the utmost satisfaction of our Indian partners. This contract is a breakthrough, as it advances us from system development and delivery to looking after the operational needs of our customers.”
The MRSAM family is an operational air-defense system used by the Israeli Navy as well as by India’s naval, air, and ground forces. It has been uniquely developed by IAI in collaboration with Israel’s Ministry of Defense, India’s Defense Research and Development Organisation (DRDO), IAI’s Rafael Advanced Defense Systems Ltd., and additional companies in India and Israel.
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| First Israeli Diamond Week in Shanghai held |
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A new era of cooperation between the Israeli and Chinese diamond industries was launched when the first Israel Diamond Week opened in Shanghai on 16 July.
Jointly organised by the Israel Diamond Exchange (IDE) and the Shanghai Diamond Exchange (SDE), the event took place at the SDE from 16 – 18 July. The SDE, headed by President Qiang Lin, hosted a delegation led by IDE President Yoram Dvash, more than 15 prominent Israeli diamond companies as well as the President of the World Federation of Diamond Bourses (WFDB) Ernie Blom. This was the first time that Israeli diamantaires have been officially invited to exhibit their goods to SDE members.
The event included a daylong seminar entitled the China- Israel Diamond Forum, which discussed the role of technology, e-commerce, and branding of natural diamonds in promoting the industry.
A signing of a memorandum of understanding between the Israeli and Chinese counterparts marked a deepening of ongoing cooperation between the parties. The Israeli delegation also embarked upon visits to diamond jewelry manufacturing facilities in the area, as well as social and networking events.
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| Rigaku Corporation to acquire XwinSys Technologies |
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Japanese X-ray analytical instrument manufacturer, Rigaku Corporation, announced on 15 July that it will acquire Israel-based XwinSys Technology Development Ltd.
Headquartered in Migdal Haemek, XwinSys is dedicated to designing, manufacturing and marketing innovative metrology solutions based on enhanced X-ray technology.
New industrial solutions will be developed using both Rigaku technologies, including in-line X-ray semiconductor metrology with micro focus mirror optics, and Xwin- Sys technologies.
An XwinSys spokesperson said that the company will serve as the development arm of Rigaku in Israel, and that Rigaku is expected to invest US$20 million in the company over the next five years.
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| Idefend: Hong Kong’s One-Stop Course in Self-Defense |
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Self-defense classes are growing in popularity, especially as they ultimately provide confidence and peace of mind when faced with unpleasant, unforeseen circumstances. This is what spurred on UKborn Bernie Davies to take his passion and establish it in a new business venture, Idefend.
A Hong Kong resident for eight years and a previous equity and derivatives trader, Bernie has undergone a full career upheaval. Speaking to Jewish Times Asia, Bernie divulged that after studying Krav Maga and other martial arts for many years, he had found it difficult in Hong Kong to find instruction that was truly focussed on self-defense.
Therefore, he took matters into his own hands in the form of his own “Action and Energy programme”. Bernie now wants to reach out to the wider community in Hong Kong. Statistically, self-defense programmes increase self-esteem and spatial awareness, helping the individual better manage emotions such as aggression and the fear of vulnerability. This heightened ability to regulate and channel difficult emotions has also proven a natural remedy for sleep disorders and depression.
Bernie pointed out there are many self-defense instructors operating in the city, but he feels his programmes differ from these; self-defense is widely taught within a martial arts environment, and that is not the case with his method. Designed to be taught over 12 sessions, the Idefend method is focussed on disengagement of the assailant as well as raising awareness of one’s surroundings, incorporating highly-effective techniques alongside practices of balance, relaxation, and concentration.
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