More oil than expected
After extracting 116,000 barrels of oil from Israel’s Meged 5 well, Givot Olam Oil Exploration upped their estimate of oil in the field by 60 per cent to 2.49 million barrels of oil.
Japan trials Israeli tumor treatment
(Thanks to Nevet – Broaderview.com) Japan has bought its first IceSense3 systems from Israel’s IceCure Medical. The systems are already approved in the USA and Europe. Now Kamada Medical Center will use two $50,000 IceSense3 systems to kill breast tumors by freezing them. www.al-monitor.com/pulse/business/2013/10/icecure-medical-japan-kameda-medical-center-cancer.html Apple buys Cue. 21-year-old Israeli entrepreneur Daniel Gross has just sold his personal assistant app Cue to Apple for a cool $40 million. Cue searches for keywords in a person’s Facebook, LinkedIn and Twitter accounts without having to sign in to any of them. Apple could use Cue to help compete with Google Now.
Israel to NYC
The US Israel Business Council is introducing 15 Israeli startups to New York City. Curiyo, Viewbix, Augury Systems, Seebo, Brayola and ten others are facing 250 investors and business leaders who are providing advice and (hopefully) funding to the fledgling companies.
Teleflex buys another Israeli keyhole surgery company
US giant Teleflex Inc. has acquired Israel’s InnoLap Surgical Ltd., which is developing a platform for scarless laparoscopic (keyhole surgery) procedures. In July, Teleflex bought Israeli microlaparoscopy developer Eon Surgical.
Warren Buffet continues to connect with Israel
(Thanks to Israel21c) Business giant Warren Buffet made his 3rd Israeli acquisition when his electronics components distributor TTI bought Israel’s Ray-Q Interconnect. The Israeli company manufactures harnesses that can connect a vast range of electrical equipment.
More Canadian visitors
A new aviation agreement between Israel and Canada will lead to a significant increase in flights between the two countries and allow other airlines to operate regular flights on the Tel Aviv to Toronto route. Currently El Al and Air Canada carry some 130,000 passengers on this route every year.
Israeli unemployment hits 20-year low
Israel’s August unemployment rate fell to 6.1%, the lowest in two decades. At the same time, participation in the labor market continues to expand, reaching 64% in August.
Japanese investment boosts ReWalk
Japan-based robotics manufacturer Yaskawa Electric Corporation has invested in and formed a strategic partnership with Israel’s Argo Medical Technologies. Argo manufactures the ReWalk exoskeleton that enables paraplegics to walk. The investment will aid R&D to streamline manufacture.
Israeli agriculture expands into Serbia
(Thanks to Atid-EDI) Israel’s Makhteshim Agan Industries supplies solutions to farmers that combat disease and increase yields. It has purchased Magan Agrochemicals Serbia in order to expand into the Southeastern region of the European Union.
Look who’s talking?
Israeli communications integrator and social media solutions provider ITNavigator has just been bought up by US Networking giant Avaya and will be navigating its way to New Jersey. ITNavigator spots comments (positive or adverse) about a company on the Internet, allowing a fast response.