Terminal 1 re-opens as Ryanair returns
Ben Gurion airport's low-cost Terminal 1 reopened on Jun 3rd for international flights. A few hours later, Ryanair's first flight in Israel since February landed. It will operate routes between Tel Aviv and Berlin, Paphos, Budapest, Bari, Milan, Malta and Athens.
Eyes for French aircraft engine manufacturer
Israel’s Odysight.ai has received a purchase order from France-based Safran Aircraft Engines. Odysight.ai will supply its cutting-edge micro cameras to support Safran’s experimentation, planning and development of jet engines for the aviation industry.
Startup investment – to 9/6/24
raised (IPO);
Exits, takeovers and mergers – to 9/6/24
Germany’s SAP is acquiring Israel’s for ;
US-based Tenable is Israel’s for “tens of millions of dollars”.
Israel’s has Colorado’s Acroname.
Pineapple delight
Israel has cancelled customs duties on pineapple imports from Costa Rica, leading to plummeting prices. Israelis have taken full advantage, almost doubling their normal consumption. The fruit already had increased its popularity, rising from 1.1 million sold in 2021 to 1.9 million in 2023.
$260 million order for Elbit
Another (undisclosed) international company has recognized Israel’s dominance in the defense technology industry with a two-year, $260 million purchase order for systems from Israel’s Elbit. In 2023, Elbit earned revenues of approximately $6 billion and now has an order backlog of $17.8 billion.
Software for football (soccer) coaches
Israel’s Easy Coach helps soccer coaches manage their clubs. Features include club administration, player development & performance, team analysis, tactics, training strategies etc. Used by the Israeli National team, Villarreal FC, and 250+ other teams in 7 countries including South Africa.
A buffalo farm in Israel.
Chanoch Trister owns and manages Israel’s one-and-only buffalo farm in Moshav Bitzaron in southern Israel from buffalos flown to Israel in the 1990s. The farm produces mozzarella and burrata balls, a wide range of hard, aged cheeses, flavored yogurts, labneh and even buffalo milk ice cream.
New factory for microalgae protein
Israel’s Brevel (see previously), has opened its first commercial plant for producing its alternative protein from microalgae. The product is vegan, gluten-free, non-allegenic, non-GMO, over 60% protein, and has a long shelf life. It can be used in dairy or meat alternative products.
5 cyber companies to watch
Calcalist identifies five specialist Israeli cyber security startups that should do well in 2024. (non-human identities, eg passwords), (non-human connections, e.g. APIs), (development security), (low code environments) and (hospitals).