Israel Active

Israel’s Orbotech has received orders worth $55 million for inspection, testing and repair equipment at Nanjing CEC Panda LCD Technology Co., Ltd. - a China Electronics Corp. company.

An upbeat summary by Yoram Ettinger of recent Israeli economic news.

. Food & Beverage industry. Israeli water technology companies recently met with large food & beverage companies in Chicago, Minneapolis, Philadelphia, and Delaware. They had much to offer the F&B market in the areas of safe water, water reuse, water ratio and better sustainability.

(Thanks to Atid-EDI) Israel’s ReWalk Robotics (previously Argo Medical) has filed for an IPO on Nasdaq to raise $58 million. ReWalk’s flagship product is a robotic exoskeleton that provides powered hip and knee motion to enable individuals with Spinal Cord Injury to stand upright and walk.

Israel’s Macrocure’s white blood cell injections treat hard-to-heal and chronic wounds. It wants to raise $75 million from an IPO on NASDAQ to finance its CureXcell a cell-based therapy that restores the natural balance required for the wound healing process.

For years I have been using the Israeli artificial intelligence system Genieo to find relevant news items to feature in my newsletter. Now, Genieo itself has become a news item. It has been taken over by another Israeli software company – Somoto.

(Thanks to Nevet – www.broaderview.org) Israel is to give tax breaks and access to cooperative cyber programs to lure leading domestic and multinational firms to a new national cyber park in the Negev desert. Israel aims to create 3,000 cyber-related jobs over the next 10 years.

Israeli start-up CupsTelAviv has a unique deal – all the coffee you can drink, from any of over 40 coffee shops in Tel Aviv. All for NIS 169 per month (about $45). I’ll drink to that.

The Organization for Economic Cooperation and Development (OECD) has reported that between 2010 and 2014, Israeli employment rose 13% compared to the OECD average of 2%. The employment rate for Israeli women was 6.5% higher than the OECD average.

The General Assembly of the Federation of European Securities Exchanges (FESE) unanimously approved the application of Tel-Aviv Stock Exchange (TASE) to become an Affiliate member. FESE has 21 Full members, 20 Affiliates and two Observer members.