JTA NEWS
19 November 2017 - 1 Kislev 5778 - א' כסלו ה' אלפים תשע"ח
JTA NEWS :
Business
EarlySense enters the Chinese market E-mail

Israeli medical device company EarlySense is entering the Chinese market. The company, which develops and markets systems for nonobtrusive monitoring of the medical state of patients using a device placed under each patient’s mattress, announced a co-operative venture in May with Chinese company Laxis.

Laxis is developing a hospital management kit that will include Earlysense’s monitoring system. “This is part of our entry into Asia,” said Earlysense CEO Avner Halperin. “It began with an investment by a leading Chinese group. At the same time, we also have business in Japan, which includes an investment by Japanese company Mitsui and a marketing agreement in Japan, where we are waiting for confirmation. We regard 2018 as our breakthrough year in Asia. In the coming years, the US market, in which we have already been active for several years, will still be important for us, but after some years, both the US and Asia will be important markets. The Asian market, especially in China and Japan, features rapid aging of the population, and constitutes a huge opportunity. It is hard to get in there, but it appears that we have found the right platform.”

Laxis, which is part of a group of companies called United Imaging and is partly owned by the Chinese Government, has developed a hospital management system that contains a manual device that reads the barcode on the patient’s bed and displays to the doctor or nurse information from monitoring devices, imaging tools and systems monitoring the administering of drugs.

Halperin explained: “A combination of our system with the monitoring system for giving medicines will be interesting. The connection between administering a certain drug, for example for pain, and changes in the patient’s breathing and pulse pattern can be seen with a specific patient, and the effect of the drug on him can be understood.”

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Israel’s Spacecom wins deal with Nepal’s Dish Media Network E-mail

Spacecom, the operator of the AMOS satellite fleet, announced on 4 May that Nepal’s Dish Media Network Pvt. Ltd has furthered its long-term association with AMOS-4 and will upgrade its capacity.

Located at the 65°E prime orbital position, AMOS-4 provides Dish Media Network substantial satellite capacity enabling the Direct-to-Home (DTH) provider to expand its Standard Definition (SD) and High Definition (HD) channel services.

Founded in 2009, Dish Media Network is the only DTH operator with distribution covering all of Nepal. It is one of the country’s fastest-growing operators in the broadcast and transmission services industry for digital television channels, and its capacity on AMOS-4 is contracted for the satellite’s lifetime.

Dish Media Network CEO Sudeep Acharya commented: “This agreement will keep our growth trajectory moving forward and upwards. Our deep association with Spacecom’s AMOS-4 enables us to build out and expand our brand, further our strategic goals and strengthen our operations throughout Nepal.”

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Vertex Ventures funds Taranis E-mail

Israeli precision agriculture intelligence platform Taranis has closed a US$7.5 million Series A round of financing led by US Finistere Ventures, an AgTech venture pioneer, and Singapore-based Vertex Ventures.

Vertex Ventures is a global network of funds that counts Temasek Holdings as a major backer and limited partner (LP). With US$9.5 million in total funding to date, Taranis aims to lead the digital farming revolution with the capability to predict and prevent threats to crops.

Headquartered in Israel and with subsidiaries in Argentina and Brazil, Taranis is currently establishing a US office and is expanding into India and Russia.

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Road shows promote manufacturing solutions E-mail
A delegation of Israeli companies providing advanced solutions for the manufacturing industry held a road show in May in China, including B2B meetings in Taipei, Guangzhou and Hong Kong.

This is the first road show of 2017 led by the Israel Innovation Authority (formerly the Office of the Chief Scientist). Similar activities are expected in Japan (a Fintech showcase in September 2017) and in Central China (November-December 2017).

Eight leading industrial companies participated: ATE – Labs Engineering, Colibri Spindles Ltd., Elbit Vision Systems Ltd., Elmo Motion Control Ltd., Frisimos Technologies Ltd., K&S Advanced Systems Ltd., LeaderMES and Precognize. Throughout the week, the companies held hundreds of one-on-one meetings with companies, factories and corporations in each of the Chinese cities.

Apart from the B2B meetings, the event included a visit by Israeli companies to the Taiwanese Fair Friend Group, the world’s third-largest manufacturer of industrial machinery – the company owns 39 different brands and has 52 factories around the world.
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China citrus market ripe for Israel E-mail

Following what it says is the substantial harvest growth of Jaffa Orri mandarins, Israel’s Plant Production and Marketing Board has identified the China market as the next target to grow its exports in 2017.

China is the number-one grower of citrus worldwide, with 20 million tons in 2016, the board said, while it also imported 21,000 tons of mandarins in the 2015/16 season – an increase of 10% over the previous year.

“We expect to dramatically increase sales volumes of delicious Jaffa Orri in the China market in 2017,” said Tal Amit, head of the citrus sector at Israel’s Plant Production and Marketing Board. “The Chinese are fond of fresh produce, are seeking premium mandarins and are willing to pay for its delicious taste.”

According to the Produce Marketing Association, China is the world’s largest e-commerce market and is rapidly growing. One of the main drivers of this exponential growth has been sales of online fresh fruit; online purchasing of fresh produce is quickly becoming a preferred purchase channel for Chinese consumers, especially among young professionals in tier-one cities. Sales of online fresh produce were nearly US$4 billion in 2014, with industry forecasts predicting a market size of US$16 billion and a total fresh produce market segment of 15% by 2018.

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