JTA NEWS
18 February 2019 - 13 Adar I 5779 - י"ג אדר א' ה' אלפים תשע"ט
JTA NEWS :
Business
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)

 
India and Israel sign MOU on UAV development E-mail

India’s Mahindra Defense and Israeli drone developer Aeronautics Ltd signed a Memorandum of Understanding (MoU) on 11 April to partner in the provision of naval shipborne unmanned aerial vehicles (UAVs) to the Indian Navy.

Aeronautics Ltd and Mahindra Defense announced that they will offer a UAV system that can be launched and recovered from Indian warships on the Orbiter series 4 version, Globes reported.

Based in Yavne, south of Tel Aviv, Aeronautics Ltd provides integrated turnkey solutions based on unmanned systems platforms, payloads and communications for defence and civil applications.

Aeronautics is the OEM of the Orbiter series of UAVs, which has been sold in many countries globally. The Aeronautics Orbiter 4 is an advanced multi-mission platform with an ability to carry and operate two different payloads simultaneously. With an open architecture, the Orbiter 4 can be specially adjusted to the needs of each mission.

The UAV will carry stateof-the-art sensor payloads as required by Indian Navy and will be capable of being launched and recovered from small warships that do not have a helicopter deck, including small warships that are around 50 metres long. This UAV will be a force multiplier for the Indian Navy.

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Enlivex receives more funding from South Korean investment fund KIP E-mail

Israel-based Enlivex Therapeutics Ltd, a clinical-stage immunotherapy company that is developing a treatment for Graft-versus-Host disease (GvHD) resulting from bonemarrow transplants, signed a Memorandum of Understanding (MoU) in April for a US$10 million investment led by South Korean investment fund KIP.

KIP led an US$8 million financing round in Enlivex in September 2017. According to the MoU, KIP will invest US$2 million, Hadasit Bio-Holdings will invest US$1.2 million, and the two concerns will help recruit additional investors for Enlivex.

Enlivex’s product has not yet undergone Phase III clinical trials. In a statement released during the company’s September 2017 financing round, the company said it expected that the product would enter such trials within a year.

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