Israel Active

Due to strong global demand, Israel’s GenCell Energy is to mass-produce its fuel cell generators. GenCell’s target is to increase production to 5,000 units per year from the current 100.  US electronics manufacturer Flex will partner GenCell, integrating cells into generators at their Israeli factories.

Israel’s Amdocs has just announced its quarterly results to the 5th Feb 2019. During the previous 3 months it earned $1.01 billion in revenue - up 3.5% on the same period in 2018.

Israeli-founded global investment platform OurCrowd has released the agenda of its 7th Mar 2019 Jerusalem Global Investor Summit, entitled “Startups: Making a Global Impact".

I reported previously on Israel’s Gauzy and its Liquid Crystal Glass (LCG). Light-control film technology allows users to control whether glass or plastic products are clear or opaque. Gauzy has one factory in Tel Aviv and will soon open a second in Stuttgart, Germany.

I reported previously on Israel’s Vonetize and its movie streaming service. Vonetize has now over 11 million users in 59 countries.  Its latest deal is with Brazilian TV network Rádio e Televisão Record S.A.

The feature connecting two quite different Israeli startups is their growth rate – a huge 350%. I reported on Verbit’s subtitling in May and (briefly) Cato Networks more recently .

I reported previously on Israel’s Guardicore. The cybersecurity startup has just won a contract to protect the data center of Banco del Bajio (BanBajio), one of Mexico’s largest commercial banks.

I’ve reported previously on Israeli-based startup Algatech and the trials of its AstaPure product. Algatech has just launched AstaPure Arava, suitable to be integrated into multiple food products. AstaPure’s active ingredient astaxanthin can benefit gastro, visual and muscle systems.

If you received flowers on Valentine’s day, there’s a good chance that they originated in Israel. Over 500 million stems are exported every year.  65% go to the Netherlands, famous for its tulips.

I’ve reported previously on Germany’s Merck and its many Israeli links. Merck’s VC arm M Ventures has just launched another startup incubator PMatX.  It will support Israeli companies specializing in advanced electronic products including semiconductors and sensor technologies.