Israel’s IceCure Medical signs agreement to sell cancer treatment in Japan and Singapore; Mobileye plans for massive global development center in Jerusalem; Israel economy remains strong; and more!
By Michael Ordman
ECONOMY & BUSINESS
Freezing tumors in Japan & Singapore
Israel’s IceCure Medical has signed an agreement with Japan’s Terumo for the rights to sell the Israeli cryoablation cancer treatment in Japan and Singapore. IceCure’s ultrasound-guided probe injects liquid nitrogen into a tumor, to freeze and destroy the cancer cells.
Mobileye builds in Jerusalem
I reported previously (May 2017) on Mobileye’s plans for its massive global development center in Jerusalem. The cornerstone for the new campus has just been laid by Israel’s PM, together with the Economy Minister, the Jerusalem Mayor and Mobileye’s president and CEO.
Economy still strong
Fitch Ratings has affirmed Israel’s Long-Term Foreign-Currency Rating (IDR) at ‘A+’ with a Stable Outlook. It cited strong external finances (with high financing flexibility), robust macroeconomic performance and solid institutional strength. S&P affirmed its AA- rating early in August.
Ride-sharing tech for NYC school buses
I’ve reported previously (see here) on Israeli-founded Via and its ride-sharing technology. Now, Via is licensing its technology to the New York City Department of Education for its school bus system. Routes can be adapted to kids’ needs and GPS tracking benefits parents and students.
Big Vegan success
Just two months ago (see here) McDonald’s launched its new Big Vegan burger in 18 Israeli outlets. It has now expanded this to 40 of its 186 branches in Israel. The Big Vegan is produced by Osem-Nestle subsidiary Tivoll. McDonald’s is also marketing a double-size vegan burger.
Natural gas by-product is worth $1 billion
The consortium operating Israel’s largest gas field Leviathan is in advanced talks to sell its natural-gas condensate – worth some $1 billion over the 35-year life of the field. The gas production by-product can be used as a raw material in the production of greener fuel or as a diluent for oil.
Amazon’s 12th Sep Israel launch date
Amazon has given Israeli retailers a 12th Sep date for the launch of its service in Israel. It has urged registered retailers to ready their stock and product list, advising them to prioritize products that could be popular ahead of the Jewish New Year commencing 29th September.
BMW, Toyota and OurCrowd seek AI vision
I reported previously (see here) on Israeli computer vision startup Cortica. Now, BMW and Toyota’s investment arms, together with Israel’s OurCrowd are partnering with Cortica to launch Cartica – a subsidiary that will develop Artificial Intelligence for autonomous vehicles.
Visa partners 3 Israeli startups
Payments giant Visa has partnered with three Israeli fintech companies through its startup collaboration lab, Innovation Studios. They are ChargeAfter (instant credit), Mesh Payments (online cross-border transaction service) and Zooz (payment platform).
Cybersecurity “Black Unicorns”
Cyber Defense Magazine’s 10 winners of its 2019 Black Unicorn Awards, include three Israeli companies. Checkmarx, XM Cyber and ObservIT. According to Cyber Defense, they all have the potential to reach $1 billion market valuation and be termed a “Unicorn”.
Anglo Media has acquired English-language Israeli media platform Janglo.net and entered into a partnership with Torah Tidbits. Janglo is Israel’s largest online community for English speakers, receiving some 150,000 visits per month. It also posts the VeryGoodNewsIsrael newsletter.
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