BIRD - Israel-U.S. Binational Industrial R&D Foundation to Invest $9 Million in Ten New Projects

 BIRD - Israel-U.S. Binational Industrial R&D Foundation to Invest $9 Million
                             in Ten New Projects

The approved projects involve innovations in the areas of medical devices,
communications, electronics, cyber security, healthcare IT, and water
technologies

PR Newswire

TEL AVIV, Israel, January 3, 2013

TEL AVIV, Israel, January 3, 2013 /PRNewswire/ --

During its meeting on December 19, 2012, held in Tel Aviv, Israel, the Board
of Governors of the Israel-U.S. Binational Industrial Research and Development
(BIRD) Foundation, approved $9 million of funding for ten new projects between
Israeli and American companies. In addition to the grants from BIRD, the
projects will access private sector funding, boosting the total value of all
projects to approximately $24 million.

BIRD promotes collaboration between Israeli and American companies in various
technological fields for the purpose of joint product development.
Specifically, the Foundation assists by locating strategic partners from each
country, making the necessary introductions, and providing conditional grants
of up to $1 million for approved projects.

The ten projects approved by the Board of Governors are in addition to the 853
projects which BIRD has approved for funding over its 35 year history. To
date, BIRD's total investment in these projects has been $295 million, helping
to generate direct and indirect sales of more than $8 billion.

Approved projects include:

  oB.R.F. Engineering Ltd. (Israel) and InfraScan, Inc. (Philadelphia,PA)
    will develop a device for early detection of abdominal Hematoma.
  oElbit Systems Ltd. (Israel) and TraceWorldwide Cooperation (Palos Verdes
    Estates, CA) will develop advanced aerial firefighting tools for U.S.
    helicopters.
  oForesight (Israel) and Net Optics Inc. (Santa Clara, CA) will develop
    solutions to ensure business continuity for websites.
  oGONET Systems (Israel) and Juniper Networks (Sunnyvale, CA) will develop
    an analog WiFi beamformer.
  oLifeOnKey (Israel) and Target Health (New York, NY) will integrate
    clinical trial electronic data capture databases with electronic
    medical/health records systems.
  oPolysack Flexible Packaging (Israel) and Applied Extrusion Technologies
    (Wilmington, DE) will develop sustainable materials enabling recycling of
    shrink packaged food containers.
  oSilentium (Israel) and Johnson Controls (Glendale, WI) will develop an
    ambient active noise reduction solution for the automotive industry.
  oStream Control Ltd. (Israel) and American Water Works Company (Voorhees,
    NJ) will develop an advanced water leakage control system.
  oUbiqam Ltd. (Israel) and Global Wireless Technologies (Morris Plains, NJ)
    will develop a mobile relay station for LTE with mesh capabilities.
  oVayyar Imaging Ltd. (Israel) and Agilent Technologies (Santa Rosa, CA)
    will develop a high performance low cost network analyzer.

Dr. Eitan Yudilevich, Executive Director of the BIRD Foundation, said: "The
diversified projects approved address the market need for innovation in every
area of our daily life such as water technologies, environmental recycling,
cyber security and fire fighting. BIRD's support of U.S.-Israel partnerships
reduces the risks of joint projects and contributes to the U.S. and Israeli
economy."

Mr. Phillip Singerman, Associate Director for Innovation and Industry Services
at the National Institute of Standards and Technology (NIST), and Co-chairman
of BIRD's Board of Governors, said: "The participating U.S. companies reflect
the full spectrum from start-ups (InfraScan), to small (Trace), medium
(Applied Extrusion Technologies), and large established firms (Johnson
Controls). Continuing the trend we have seen over the past few years, fully
half of the U.S. companies are small-medium, benefitting from Israeli
technology that will lead to increased domestic American jobs."

Mr. Avi Hasson, Chief Scientist at the Ministry of Industry, Trade and Labor
and Co-chairman of the Board, said: "BIRD continues to be a prime example of
the importance and potential of international R&D collaboration. The benefits
for both the U.S and Israeli economies show that it is a worthwhile effort.
The technological diversification of projects that were approved in this round
reinforces the continued economic value that this program continues to bring."

The deadline for submission of Executive Summaries for the next BIRD cycle is
March 6, 2013. Approval of projects will take place in June, 2013.

About the BIRD Foundation

The BIRD (Binational Industrial Research and Development) Foundation works to
encourage cooperation between Israeli and American companies in the various
areas of technology, and provides free assistance in locating strategic
partners from both countries for developing joint products.

The BIRD Foundation supports projects without receiving any rights in the
participating companies or in the project itself. The financial assistance is
repaid as royalties from sales. The Foundation provides support of up to 50%
of a project's budget, beginning with R&D and ending with the initial stages
of sales and marketing. The Foundation shares the risk and does not demand
that the investment be repaid if the project fails to reach the sales stage.

The BIRD Foundation works in full cooperation with the Chief Scientist's
Office at the Ministry of Industry, Trade, and Labor in Israel, and with the
U.S. Commerce Department's National Institute of Standards and Technology
(NIST).

Contact:

Dr. Eitan Yudilevich, Executive Director, The BIRD Foundation
eitan@birdf.com
Tel: +972-3-6988300

SOURCE The BIRD Foundation
 
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