JTA NEWS
22 September 2019 - 22 Elul 5779 - כ"ב אלול ה' אלפים תשע"ט
JTA NEWS :
Business
Joint venture aims to innovate powergrid technology E-mail

A joint venture to transform and innovate AI technology for power grids was announced on 4 March. The deal was orchestrated by Hong Kong-based China Israel Synergy Holdings Limited (CISH), a management company that finds investments and partners with Israeli tech companies in selective and disruptive technologies.

Mitsui & Co., Ltd. (in Japan), GCL-Poly Energy Holdings Limited (in China) and eVolution Innovation Group (in Israel), together with CISH, have established a new company called Evolution Energy Limited to redefine AI technology for power-grid infrastructure, with the aim of optimising performance and minimising grid loss.

eVolution’s AI algorithms collect massive data from grid elements to learn their patterns and predict real-time demand. This advanced learning will reshape the way the grid operates and provide power companies a giant leap into the future with massive CAPEX and OPEX cost reductions. “There’s huge potential for AI technology to predict and optimise grid performance. Utility companies will be able to transform from the long-standing manual management to sophisticated, agile and green operation,” said Roy Morad, CEO of eVolution Innovation Group.

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Israeli firm expanding its irrigation projects in India Print E-mail

Israeli irrigation company Netafim reported in March that it plans to carry out four large community irrigation projects in the Indian states of Karnataka and Andhra Pradeshin, valued at around U$100 million. Netafim will provide irrigation solutions for over 60,000 farmers in over 100 villages in an area of around 137,500 acres.

Netafim said the four ventures were a follow-up to a community irrigation project that it completed in Karnataka in 2017, in which it provided precision irrigation solutions to 7,000 farmers in 30 villages.

“India is a strategic market for Netafim, whose mission is to help the world grow more crops with fewer resources,” said Netafim president and CEO Ran Maidan. “The community irrigation model originated by Netafim is especially affordable, and makes it possible to supply farmers with advanced irrigation systems within a short time. These projects will be integrated with digital agricultural systems we developed together with mPrest. The combined systems enable the government and farmers to control and supervise water and irrigation systems in real time, using cloud technologies and access from any mobile device.”

(Issue Apr 2019)

 
Israeli edutech firm Accelium eyes Indian school market E-mail

Accelium, an Israeli EduTech firm that is present in over 25 countries, is looking to open an Indian office. The 25-year-old firm, founded by two Israeli chess masters, is a game-based cognitive learning business that initially targeted corporations and school students.

The company is working with Israeli business consulting firm A&G partners. “We have been commissioned by Accelium to explore the Indian market. We have carried out a pilot in a few schools in Andhra Pradesh, which was well received. In May-June this year, we will be taking it to some schools in Mumbai,” said Anat Bernstein-Reich, founder of A&G Partners.

“Accelium initially taught kids chess in schools in Israel. Eventually, it realised that chess is not enough to expand all the thinking abilities of children. So it started developing digital games. Initially, the programme was solely for school children but now it is also being used in universities and corporate houses because it can help enhance cognitive thinking. It works across age groups,” said Bernstein-Reich, who is also chairperson of Israel India Chamber of Commerce.

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Azrieli in talks to bring Japan’s Uniqlo to Israel E-mail

Azrieli Group Ltd who own and manage shopping malls in Israel is in discussions to bring Japanese casual fashion retail brand Uniqlo to one of its main shopping malls in Israel, according to Globes newswires.

Azrieli CEO Arnon Toren and others in the company recently met with representatives of Uniqlo, a subsidiary of the Fast Retailing corporation.

Uniqlo was brought to Israel last year through parallel imports. Terminal X, an ecommerce website controlled by the Fox group, announced the sale of Uniqlo products when the website went on the air. The products sold out rapidly.

Business futurist Adi Yoffe says that Israelis are very fond of the Japanese brand because “Uniqlo is a brand associated with real innovation. This company is known for its technology for producing thin and warm jackets. It is not a mere fashion item; it is connected to values of innovation and progress.”

Uniqlo’s branches overseas feature large and carefully styled spaces covering several floors with a special design. The company has a unique inventory policy at its branches, and even special training for folding its clothes.

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Bamba snack for kids to tackle peanut allergies in US E-mail

Bamba, one of Israel’s most iconic kids’ snacks, will soon be widely available in the US market. As reported by Ynet News, Israeli children owe their resistance to peanut allergies to the legendary snack. The Osem food company, which owns the product, has secured a widespread distribution deal in the US, brokered by the international food giant Nestlé.

The plan is for Bamba to be adopted by Nestlé’s baby snacks section, and a new commercial that aired recently already shows the Bamba icon – a red-headed baby – walking the streets of New York City.

Bamba was independently distributed in the US a year ago, under an agreement with the Costco and Trader Joe’s supermarket chains. Before that, the snack was sold only sporadically, mostly within the US ultra-Orthodox community.

Thanks to the deal with Nestlé, Bamba could be on its way to becoming a huge hit. In the European market, Nestlé has already taken over the marketing and distribution of another Israeli product, Tivall, a vegetarian schnitzel and burger brand. With the giant corporate on its side, Tivall quickly became the second-best-selling meat substitute in the continent.

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