Newsletter Banner
 April 10, 2013
From the Leadership
Tom

Tom Glaser
President

Lorin

Lorin Coles
Chairman

 
Neurotechnology has been in the headlines recently with the announcement by President Obama of his intention to include $100 million in the US budget for brain research. This news follows the announcement last year by President Peres of Israel's Neurotechnology initiative and funding of the first Breakthrough Research And Innovation in Neurotechnology (B.R.A.I.N.) Prize, an international R&D award granted in Israel to an individual, group or organization for a recent, practical breakthrough in the field of brain technology.
Seizing on this research priority of our two nations, AICC has organized the first US-Israel Neurotechnology Business Exchange to be held in Charleston, South Carolina next month.  MUSC is our host sponsor for the May 6-7 matchmaker event that is expected to attract up to a dozen innovative Israeli companies and potential US partners. This groundbreaking project is organized by our Medical Committee and the South Carolina-Israel Collaboration with the support of the BIRD Foundation, Israel Brain Technologies, SEMDA, Israel Economic Mission, SCBio, Consulate, SCRA, The InterTech Group, and other partners.
Please spread the word and help us make this event a milestone in US-Israel economic and research cooperation!
Developments and Transactions
Finalists Announced for Eagle Star Israeli Company of the Year and Deal of the Year
  

The American-Israel Chamber of Commerce, Southeast Region (AICC), announced today the finalists for the 12th annual Eagle Star Awards Gala on May 30th. The event will be hosted at the HP Graphic Arts Experience Center in Alpharetta, Georgia from 6:00 - 9:00 P.M. Three companies, Arkal Automotive, ClickDimensions, and Delek, will compete for the Israeli Company of the Year award. Three transactions, NCR / Retalix, EndoChoice / Peer Medical, and SintecMedia / Argo Systems, will compete for Deal of the Year.

 

The Eagle Star Gala is AICC's community flagship event, honoring the people and companies who have contributed most to the Southeast-Israel business relationship. In addition to awarding the Israeli Company of the Year and Deal of the Year, the Chamber will also recognize its long-time President Tom Glaser with the Chamber Founders Award. Glaser's upcoming retirement was recently announced following 21 years of service to the organization. The South Carolina Research Authority (SCRA) will be recognized with the Community Partner Award in recognition of its extraordinary contributions to the success of the acclaimed South Carolina-Israel Collaboration.

 

Yishai Amir, Hewlett Packard's Vice President and General Manager of Indigo and Inkjet Solutions Business in the Americas, will be the host keynote speaker for the event. Hewlett-Packard (HP) is considered the second largest investor in Israeli information technology after Intel. Israel is one of the few countries where HP has a massive presence with almost 6,000 employees, and Georgia is the Americas headquarters for their products developed in Israel under the Indigo and Scitex Vision brands. "It is altogether fitting that HP host this year's Gala, given their huge investments in Israel and the importance of the Southeast to the sales and distribution of their Israel-made products," said event chairman Barry Sobel (Deutsche Bank Alex.Brown).

 

Noted author, speaker, and entrepreneur Barbara Babbit Kaufman will be the event's emcee. The event website features all the details including information, company tables, and online ticket purchase. Sponsorships are still available. For further information on nominations and sponsorships, contact Barry Swartz barry@aiccse.org or call 404-843-9426.

 
Israel Logistics Delegation Scores
Business in Georgia

 

A delegation of Israeli logistics companies, led by the Federation of Israeli Chambers of Commerce, visited Georgia last month to make important business connections. Participating in the delegation were The Israel Ports Development & Assets Company, Fourtec - Fourier Technologies, ZIM Integrated Shipping, Starcom Systems, and Top Image Systems.

 

The group visited first in Savannah where they toured the Georgia Ports Authority and Gulfstream Aerospace, and had business meetings facilitated by the Savannah Economic Development Authority and Savannah World Trade Center. In Atlanta, the activities centered around the Georgia Logistics Summit, a breakfast for government officials hosted by the Consulate General, meeting with UPS executives, and tour of the international cargo facilitiesat Atlanta Hartsfield-Jackson International Airport. The series of activities was capped by an AICC-organized reception hosted by Grant Thornton. Additional sponsors were Lee Hardeman Customs Brokers and A2B Fulfillment.

 

The delegation was a collaborative effort of the Israel Economic Mission to the South, Consulate General of Israel to the Southeast, American-Israel Chamber of Commerce with support of the Georgia Department of Economic Development and the City of Savannah. Members of the Israeli delegation shared their thanks and praise for the extraordinary efforts undertaken by the co-sponsoring organizations:

 

"Without a doubt, the effort and energy you expended planning and running the activities of the Georgia Logistics delegation made the visit the great success it was."   

Dov Frohlinger, Chief Operating Officer, Israel Ports Development and Assets Co.

 

"I was already contacted by many people, and some could lead to good business." Lea Bogatch-Genossar , President, Americas, Canada & Caribbean Area, ZIM  

 

"Thank you for connecting me to the right companies that will turn out to be fruitful to our company in the coming years." Michael Juwiler, Director of Sales, Fourtec

 

 

SPX Awarded Contract for Israeli Cycle Power Plant  

 

Charlotte, North Carolina-based SPX Corporation has been awarded a contract worth approximately $35 million to supply an air-cooled condenser for a new 835 MW natural gas-fired, combined cycle power plant scheduled to be constructed in Israel. The contract was awarded by Alstom which was previously awarded the engineering, procurement and construction contract for the plant by Dalia Power Energies Ltd.  A portion of SPX's contract was received in Q4 2012 and was included in backlog reported at year end.

 

Featuring two 417 MW, gas-fired combined cycle units, the Tzafit plant is expected to be Israel's largest privately-owned power station. Located 40 kilometers southeast of Tel Aviv, the plant is scheduled to be commissioned in 2014, and add 835 MW to the national grid, representing roughly seven percent of Israel's installed power generation capacity.

 

"The Tzafit combined cycle power plant represents a significant power infrastructure expansion for Israel and is expected to sharply increase the country's ability to meet future electricity demand," said Gene Lowe, SPX segment president. "We have enjoyed a long and productive working relationship with Alstom, and look forward to collaborating with them and leveraging our air cooled condenser technology to establish a state-of-the-art cooling solution for Israel's new Tzafit power plant."

 

According to Israel's Ministry of Energy and Water Resources, electricity consumption in Israel is expected to double in the next 20 years as a result of population growth, rising living standards and climate changes. Due to its location at the intersection of Israel's national electricity grid, the Tzafit combined cycle power plant is expected to feed additional electricity to the northern and southern sections of the grid, and thereby increase the reliability of the overall electricity supply.

 

SPX is a global Fortune 500 multi-industry manufacturing leader with over $5 billion in annual revenue, operations in more than 35 countries and approximately 15,000 employees. SPX Thermal Equipment and Services is a leading global provider of evaporative and hybrid cooling towers and solutions, air-cooled condensers, heat exchangers, air and flue gas systems and filter systems. These technologies support thousands of customers in the power generation, industrial, refrigeration, and heating, ventilation and air conditioning (HVAC) markets.  

 
PeopleNet Selects Centerity
for its Atlanta Data Center
  
Atlanta-based PeopleNet, the national leader in time and attendance management systems for temporary staffing and employment agencies, has acquired and successfully deployed the monitoring solution of Ra'anana-based Centerity Systems in its Atlanta Data Center. The relationship was coordinated by Marietta, Georgia-based Abacus Solutions through introduction by the American-Israel Chamber of Commerce, SE Region.
  
PeopleNet's Data Center has a wide array of technologies in its infrastructure from virtual to physical environments including servers, storage, network devices, security elements plus standard and non-standard applications. It needed to keep this mission critical infrastructure up and running 7x24 via a Business Service Management (BSM) platform that could monitor its key business processes across infrastructure layers and between different departments.
  
"Centerity Monitor allowed us to replace our existing monitoring solutions with a unified monitoring platform to view our information systems' status in real-time via a single pane of glass. It had the ability to perform in-depth monitoring of any type of technology in our Data Center as well as the ability to quickly adapt to new technologies we might deploy in the future," said Thomas Donnelly, PeopleNet's IT Director.
  
"The growing list of satisfied customers is yet more market valuation of the value of our next-gen IT and BSM monitoring solution. With the help of premier business partners like Abacus, we are able to deliver an enterprise-class solution for monitoring, performance and availability at an unbeatable price," said Centerity CEO Roi Keren.
  
"Centerity's All-in-One, End-to-End approach with its End-User Experience and BSM functionality finally gives customers what they have been seeking for a long time at a price point that any organization can reach," added Joe Thompson, VP of Sales for Abacus.
 
Israel: Small Market with Big Influence
Meet Georgia's International Reps - Israel
By Trevor Williams | Global Atlanta (Republished with Permission)
 

Israel may be a small market of 8 million people, fewer than Georgia, but that hasn't kept the state's companies from striking deals there worth millions of dollars. Thanks to a program called G.R.O.W. - Georgia Reaching Out Worldwide - an Israeli food importer came to Georgia in 2012 to meet with nine potential suppliers. Since then, the company has bought more than $1.5 million...Read more at GlobalAtlanta.com.

 

Economic News From Israel
  • Rehovot-based Sapiens has filed with the SEC to raise $40 million on NASDAQ. The insurance software company has a large operation in Cary, North Carolina.
  • Delek Group, controlled by Yitzhak Tshuva, will sell up to 12% of Delek US Holdings for some $250 million as part of the secondary offering on Wall Street. Delek US is headquartered in Brentwood, Tennessee and operates two refineries as well as a chain of travel centers / convenience stores.
  • Tel Aviv-based electric car venture Better Place has sold its Hawaii operations to Optimization Technologies which will operate the battery charging stations in the state. Better Place has almost 700 drivers in Hawaii and 77 charge spots with 154 charge points at public locations in Oahu, Maui, and The Big Island.
  • Upper Tiberias-based Spuntech Industries, a manufacturer of non-woven fabrics with its major US operation in Roxboro, North Carolina, has received a takeover bid from one of its competitors. Israel is a world power in non-wovens including Shalag, Albaad, and Avgol -- all of which have manufacturing operations in North Carolina.
  • The Office of the Chief Scientist has approved several new hi-tech incubators, two of which will be established in the south. Jerusalem Venture Partners is establishing an incubator in Beersheva together with BG Negev Technologies and Applications Ltd., the technology transfer company of Ben Gurion University. Gitam BBDO, former Cellcom VP Adi Cohen, and Shufersal will establish an incubator in Ashdod that will focus on New Media.
  • Tel Aviv-based JANVEST Technologies has announced the closing of a $5 million angel fund to be invested in 10-12 early stage Israeli technology start-ups. Former Atlantan Brian Rosenzweig, now based in Philadelphia, is a partner in the fund.
  • Starwood Hotels & Resorts will build a hotel and residential complex in the Old City of Jaffa on land formerly owned by the Catholic Church that includes an 1879 building originally used as the French Hospital. This will be the company's first W Hotel brand in Israel.
  • Citi Global Markets has opened a global financial data intelligence lab in Israel as part of their technology innovation center. Dr. Oren Glickman has been hired to have the lab's research team that will hire local talent with academic skills and expertise in related fields such as machine learning and data mining.
  • Tel Aviv-based Asquith Israel has opened their first fund and made an investment in Ra'anana-based Phoebus Energy whose heat pump technology reduces dependence on diesel generators to heat water by as much as 85%.
  • HSBC has raised its 2013 growth for Israel from 2.8% to 3.3% despite the slowing of GDP growth and because of the start-up of natural gas production in Israel.
  • Israel's population crossed the 8 million threshold over Passover, and with 6 million Jews, the country is the world's largest Jewish center. The remainder of the population is comprised of 1.6 million Arabs, 350,000 non-Arabs Christians, and others, mostly olim or relatives or relatives of olim from the former USSR.
  • Demand in Israel for Internet and software engineers rose by 12% and 10% respectively in the first quarter of 2013 according to Etosia Human Resources.
  • Israel ranks 16th out of 187 countries in the United Nations Human Development Index for 2012, and was the highest-ranked country in the Middle East with the closest Arab country, oil-rich Qatar, in 36th place.
  • The number of Israeli start-ups raising capital has fallen by 25% in the past 5 years in contrast with 70% increase worldwide, according to an analysis by SiSense Ltd. The average financing round by Israeli companies was $6.9 million, 30% less than the global average.
  • Private equity deals in Israel fell 10% in 2012 with 46 deals totaling $2.6 billion, down from $2.9 billion invested in 63 deals in 2011 according to the IVC Research Center and Gross, Kleinhendler, Hodak, Halevy, Greenberg and Co. The survey covered 82 private equity funds.
  • Israel's unemployment rate slipped to 6.5% in January from 6.8% in December amid a decline in the labor force, according to the Central Bureau of Statistics. Israel's economy is slowing as a result of the global turndown, and grew an estimated 3.2% in 2012 after a 4.6% pace in 2011.
  • Ben-Gurion Airport handled over 1 million arriving and departing passengers on 6,500 flights during the month around Passover this year, 3% more than during the corresponding period in 2012 according to the Israel Airports Authority. The preferred destinations this year for Israelis were the US, France, Germany, the UK, and Italy.
Sponsor Message
 
   

Ayelet Gilad - a Real Estate Consultant specializing in Metro Atlanta Real Estate. Helping facilitate your goals of selling, buying or investing in Real Estate in today's market. Certified Distressed Property Expert.

 

Quality customer service using the latest technologies, market research, and business strategies. Fluent in Hebrew. Affiliated with "Keller Williams Realty" First Atlanta.

 

Visit www.GiladHomeTeam.com or call 404-245-7172

 

Calendar of Events
4/18
12:00 pm

4/23
7:30 am

4/24
8:15 am

4/26
8:00 am

 

5/6
6:00 pm
  

5/7

7:30 am
  

5/30

5:30 pm
Israeli Companies Contacting Us
 

Content Management

 

Ramat Gan-based developer of enterprise content management, document capture, and workflow solutions for banking, insurance, government, logistics and other industries. Their technology automatically transforms any information entering the organization into useful and accessible electronic data, delivering it straight to the applications that drive the business. Seeking introductions to clients in these industries.
 

Cold-Chain Logistics

 

Rosh Ha'Ayin-based developer of cold-chain data logging and monitoring solutions for logistics and transportation industries and for controlled industrial environments, such as food, pharmaceutical, medical, and storage.  Seeking introduction to medical and food transporters.
 

Medical Videos

 

Tel Aviv-based developer of a medical platform that automatically creates personalized medical videos to increase patient understanding and reduce health care costs. Seeking introductions to investors and strategic partners/clients that include payers/HMO, pharmacy chains, EMR/eRx vendors, hospital, clinics, and pharmaceutical companies.
 

Regenerative Therapy

 

Rehovot-based pharmaceutical company focused on the development of innovative regenerative therapy which enables the body to repair by regenerating damaged tissues. Leading drug candidate has been shown to reverse neurological damage, inducing neurogenesis and synaptogenesis, improve cognitive functions, recover both short and long-term memories, restore motor functions, and expedite wound healing. Seeking introductions to investors for the purpose of funding clinical trials.
Welcome New Members
Neil Chernoff
27th Century Technologies
Directory Listing

Eyal Blank
Levin Consulting Group
Directory Listing

Jane Green
Morley Research Consortium LLC
Directory Listing

David Kahani
PhysiHome
Directory Listing

David Orner
Stalwart Enterprises LLC
Directory Listing

Zach Finkel
Bryan Gershkowitz
Norman Radow
The RADCO Companies
Directory Listing

Benjamin Saidman
Directory Listing
Thanks to Renewing Members

Atlanta Gas Light

Berman Fink Van Horn P.C.

Clinigence

Fifth Third Bank

Friedman, Dever & Merlin, LLC

Hatch Medical, L.L.C.

Healarium

Plastic Surgery of the Carolinas

Pull-A-Part, LLC

The Coca-Cola Company

VitaminD Creative

Simon Henley

Byron Kopman

Paul Steinfeld

Tom Vesce

 

Featured Events
  
 
Invite you to a special breakfast seminar
Israel AgTech Investment Road Show 
Innovations addressing global challenges of food and environmental crises
 
Featuring
 
Steve Rhodes
Chairman 
The Trendlines Group & Mofet Venture Accelerator
 

Presentations by the CEOs of 5 of Israel's most exciting Agritech start ups

 

 

The Mofet Venture Accelerator is one of Israel's leading high-tech business incubators. As part of the Trendlines Group, Israel's leading seed-stage investment group, Mofet's vision is to create and develop businesses to improve the human condition with an emphasis on solving the global food and water crises. The focus on agricultural and food technologies stems from the fact that Israel offers a superior knowledge base and unique R&D resources to fill a necessary global gap. Attendees will receive on overview on why Israel is leading in the agriculture technology sector that is so important to the Memphis regional economy, and will have the opportunity to meet with the CEOS to learn about opportunities to get involved with them, through investments and partnerships, as they approach the US market.

 

Friday, April 26th, 2013

8:00 - 10:00 AM

(Meetings with the companies to follow)

Continental breakfast served -- dietary laws observed

 
 

Memphis Bioworks

20 South Dudley

First Floor Conference Center

Memphis, TN 38103 

No cost to participate but you must register by April 22nd