BIRD - Israel - U.S. Binational Industrial R&D Foundation to Invest $11 Million in 14 new Projects

   BIRD - Israel - U.S. Binational Industrial R&D Foundation to Invest $11
                          Million in 14 new Projects

The approved projects involve innovations in the areas of medical devices,
water technologies, energy, neurotechnology, cyber security and more

PR Newswire

TEL AVIV, Israel, June 17, 2013

TEL AVIV, Israel, June 17, 2013 /PRNewswire/ --

During its meeting on June 5, 2013, the Board of Governors of the Israel-U.S.
Binational Industrial Research and Development (BIRD) Foundation, approved
$10.95 million in funding for fourteen 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 $33 million. The semi-annual meeting was held at the campus of
the National Institute of Standards and Technologies (NIST), Gaithersburg, MD.

The BIRD Foundation promotes collaboration between Israeli and American
companies in various technological fields for the purpose of joint product
development. In addition to providing conditional grants of up to $1 million
for approved projects, the Foundation assists by working with companies to
identify potential strategic partners and facilitate introductions.

The fourteen projects approved by the Board of Governors are in addition to
the 863 projects which the BIRD Foundation has approved for funding during its
36 year history. To date, BIRD's total investment in these projects has been
over $300 million, helping to generate direct and indirect sales of more than
$10 billion.

The approved projects are as follows:

  oAccells Technologies Ltd. (Israel) and 41^stParameter, Inc. (Scottsdale,
    AZ) will develop a capability for mobile authentication with device
    detection to fight cyber-attacks.
  oAsymmetric Medical Ltd (Israel) and Flextronics (Irving ,CA) will develop
    asymmetric laser tools for surgery.
  oCurapipe (Israel) and Milliken (Spartanburg, SC ) will develop a leakage
    cure system for urban water pipes.
  oDor Chemicals Ltd. (Israel) and Turbulent Energy LLC (Buffalo, NY) will
    develop and commercialize diesel/methanol hybrid fuels.
  oFreshpoint Quality Assurance Ltd (Israel) and West Pharmaceutical Services
    (Exton, PA) will develop novel printable integrated threshold indicators
    for monitoring the quality of unit level pharmaceutical products.
  oHanita Coatings (Israel) and Whirlpool Corporation (Harbor, MI) will
    develop super-efficient thermal insulation for refrigerator doors through
    an integrated vacuum insulation technology.
  oInSightec Ltd, (Israel) and Focused Ultrasound Surgery Foundation
    (Charlottesville, VA) will develop non-invasive brain surgery for movement
    disorders..
  oiReveal Design Automation (Israel) and Forte Designs Systems (San Jose,
    CA) will develop an electronic system level verification product.
  oKadoor Microelectronics and Broadcom (Irvine, CA) will develop a RF MEMs
    switch.
  oNortec (Israel) and Gas Technology Institute (Des Plaines, IL) will
    develop and manufacture an advanced barcoding solution for underground
    asset lifecycle tracking.
  oNovoxel (Israel) and Edge Systems Corporation (SignalHill, CA) will
    develop an aesthetic/medical product line based on novel thermal
    technology
  oRambam Health Corporation (Israel) and Orlucent (San Francisco, CA) will
    develop a molecular imaging system for melanoma detection.
  oTransBioDiesel (Israel) and Heliae Development (Gilbert, AZ) will develop
    high value esters for nutraceuticals using 3rd generation enzymatic
    technology.
  oWater Flow Tech (Israel) and Mueller Water Products (Atlanta, GA) will
    develop a capability for low flow detection.

Dr. Eitan Yudilevich, Executive Director of the BIRD Foundation, said: "In
this cycle, BIRD's Board of Governors approved a relatively large number of
joint, innovative projects between U.S. and Israeli companies, in diverse
sectors, including several areas of high national priority for both
countries, such as: cyber security, alternative fuels, energy efficiency and
water technologies."

Mr. Phillip Singerman, Associate Director for Innovation and Industry Services
at the National Institute of Standards and Technology (NIST), and co-Chairman
of BIRD Board of Governors said: "The funded projects reflect the continuing
evolution of the BIRD program, especially by engaging small and medium size
U.S. firms. Eight out of the fourteen U.S. grantee companies are SMEs, an
indication of the growing importance of the connection to the global
marketplace".

Mr. Avi Hasson, Chief Scientist at the Ministry of Economy and co-Chairman of
the Board said: "The BIRD Foundation is an excellent example of the potential
which comes from international cooperation in research and development. Past
projects' successes and the high level of the projects we approved at the
recent Board meeting indicate that such cooperation leads to opportunities for
companies to break into global markets, increases jobs and stimulates economic
growth."

The deadline for submission of Executive Summaries for the next BIRD cycle is
on September 10, 2013. Approval of projects will take place in December 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 Economy in Israel, and with the U.S. Commerce
Department's National Institute of Standards and Technology (NIST).

Dr. Eitan Yudilevich, Executive Director, The BIRD Foundation

eitan@birdf.com

Tel: +972-3-6988300

SOURCE The BIRD Foundation
 
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