20 June 2019 - 17 Sivan 5779 - י"ז סיון ה' אלפים תשע"ט
Canon acquires Israel-based Briefcam E-mail

Israel-based BriefCam, a provider of video content and analytical solutions, reported on 9 May its acquisition by Japan’s Canon Inc., a world leader in digital imaging solutions. No official purchase price or deal amount was mentioned in its press statement.

The addition of BriefCam to Canon’s market-leading Network Video Solutions products portfolio complements the Canon Group’s previous acquisitions of AXIS Communications and Milestone Systems with a breakthrough, innovative, video content analytics solution.

The acquisition will drive further rapid innovation in video analytics by BriefCam as well as new co-innovation activities with Canon and its portfolio companies. In addition, it will enable BriefCam to enter new markets, deliver stronger vertical solutions, and serve its global customers even more effectively.

BriefCam will continue to remain an open platform, working seamlessly with other thirdparty products in the market ecosystem, providing customers with freedom of choice.

“The acquisition will allow BriefCam to continue to deliver industry leading video content analytics solutions, while remaining a standalone company within the Canon Group,” said Trevor Matz, BriefCam President and CEO. “The opportunity is a testament to the innovative technology we have built, the outstanding team we have assembled, and the rapidly growing business we have created.”

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Thai company purchases Avgol Industries Print E-mail

Thailand-based petrochemical producer Indorama Ventures has agreed to buy a 65.72% stake in Israel’s Avgol Industries for about US$314 million, the companies disclosed recently.

Avgol is a manufacturer of non-wovens for hygiene applications and has a global market share of 10%. Its fabrics are used in diapers and feminine hygiene products. The transaction is expected to be completed during the second half of 2018, subject to regulatory approvals, an Indorama spokesperson said. Indorama Ventures is one of the world’s leading petrochemicals producers, with a global manufacturing footprint across Africa, Asia, Europe and North America.

Commenting on the acquisition, Mr Aloke Lohia, Group CEO of Indorama Ventures, said: “We are excited by the unique opportunity to bring Avgol into the Indorama Ventures family as it is a major step into expanding our HVA [High Value-Added] portfolio. With this acquisition, we are adding a company that has a distinctive position within a compelling segment and with strong growth prospects. Avgol has already made some significant investments to grow the business by expanding its production capacity and geographical footprint and we hope to capture the benefits and help the company reach further heights. Avgol’s established client base, complementary capabilities and substantial presence in highgrowth markets, together with Indorama Ventures’ global presence, will provide a strong opportunity for creating additional value to best serve all our customers.”

(Issue Jun 2018)

Beijing science park to open liaison office in Tel Aviv E-mail

Beijing’s Zhongguancun Science Park (Z-Park), also known as “China’s Silicon Valley”, will open a liaison office in Tel Aviv, Israel. The announcement of the planned liaison office was made in a meeting held on 8 April between the Vice Mayor of Beijing, Yin Hejun, and the Deputy Mayor of Tel Aviv, Doron Sapir. Also attending the event was a senior delegation from Beijing Municipality and high-level executives of Z-Park.

Beijing and Tel Aviv have been twin cities for the past 20 years, and in recent years the co-operation between the cities has increased dramatically in areas such as technology, municipal knowledge exchange, education, culture, art and more. The opening of a formal Beijing office for economy, hi-tech and science issues in Tel Aviv is an indication of the strengthening of the relations between the two cities.

Z-Park’s liaison office in Tel Aviv will serve as the initial base for Chinese companies seeking to do business in Israel, and for Israeli companies seeking business opportunities in China.

Sapir commented: “Beijing and Tel Aviv, like China and Israel, are completely different in size, but share many common values: adopting technology and modernisation, cherishing education, and striving to always improve our municipal systems. The Mayor of Tel Aviv, Ron Huldai, has defined the relationship with Beijing as a prime strategic goal for our foreign relations. In recent years we’ve seen a dramatic increase in the number of delegations and visits from Beijing to Tel Aviv and vice versa. The opening of an economic office of Beijing here in Tel Aviv is an important development that we welcome with pleasure.”

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Singapore public transit system gets Via E-mail

Singapore’s Land Transit Authority (LTA) has selected the Tel Avivand New York City-based ride-sharing pioneer Via to incorporate ondemand technology into the country’s public transit system.

Via’s app-based technology connects multiple passengers who are headed the same way, allowing riders to request a ride in real time and seamlessly share a vehicle. As part of the awarded contract, Via will demonstrate how its on-demand transit technology will enable buses to be deployed and dynamically routed according to real-time commuter demand.
“Singapore is at the forefront of mobility innovation in the region, and we are thrilled to see Via’s technology in Southeast Asia for the first time,” said Daniel Ramot, Via’s co-founder and CEO.

Launched in 2013 in New York, Via has been tapped by cities and transit authorities in the United States and around the world to help re-engineer public transit from a regulated system of rigid routes and schedules to a fully dynamic, on-demand network.

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Taiwan seeking closer tech co-operation with Israel E-mail

Taiwan is hoping to co-operate more closely with Israel in the technology field, in order to strengthen its ability to innovate, announced Science and Technology Minister Chen Liang-gee recently.

One way to achieve this, Chen said, will be for the Ministry of Science and Technology (MOST) to set up a technology section in the Taipei Economic and Cultural Office in Tel Aviv. It will be led by the minister’s tech advisor Wang Ting-an, who has experience in Silicon Valley.

The mission of Wang’s unit will be to develop closer links with tech startups and research and development groups in Israel and take advantage of Israel’s strong sense of what the market needs – which Taiwanese companies generally lack – to foster the development of niche products, according to Chen. The section will also push for co-operation between Taiwan’s tech development groups, such as MOST’s AI Innovation and Research Center and the Global Research & Industry Alliance, and their counterparts in Israel, Chen said. The alliance, consisting of 15 top universities in Taiwan, including National Taiwan University, National Tsing Hua University and National Chiao Tung University, promotes national technology development by bringing together local academia. Chen praised Israel’s R&D capabilities, saying it has been effective in transferring technologies developed by its nine national universities to the private sector and commercialising them on the market. Taiwan is also eyeing co-operation with Israel in talent cultivation, as Taiwan needs a larger talent pool to support its drive for more tech startups, Chen said.

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