Twenty-five Israeli companies from the fields of water technology, renewable energy, industrial automation, and cyber and homeland security participated in an "Israeli Technology Day" held last month (November 21-22) at the headquarters of multinational power and automation technology corporation ABB in Zurich, Switzerland. The aim of the Technology Day was to introduce ABB to innovative Israeli companies active in these fields for potential joint cooperation or investment opportunities, as part of the Office of the Chief Scientist's Global Enterprise Collaboration Program.
The Technology Day was jointly organized by ABB Corporate Management, its Regional Office Management and the Israeli subsidiary of ABB-Israel; with the Ministry of Industry, Trade and Labor and its sub-units, the Foreign Trade Administration, the Industrial Cooperation Authority (ICA) and the Office of the Chief Scientist and MATIMOP. During the first part of the event, Israeli companies presented themselves in short 5-minute presentations, while the second half of the day was dedicated to one-on-one meetings between the Israeli representatives and ABB technological executives from the corporate's different divisions, such as the Process Automation, Power Products, Discrete Automation & Motion, Power Systems, and Low-Voltage Products Divisions; from the Corporate Management units, such as the Business Development Unit, R&D Corporate and Technology Ventures; and from ABB relevant thematic units and working groups, such as the Cyber Security Unit, the Robotics Unit, the Low Voltage Drives BU and the Network Management BU.
The 25 participating Israeli companies were selected by ABB prior to the event, out of more than 90 applications. Among the Israeli companies were Afcon, AGM, IOsight, Powercom and ReliteQ (IT for Cleantech); Argil, Ayyeka (Water Technologies); Eco Wave Power, Elbit Systems and Mapal (Renewable Energy); ARX, Light Cyber, Cyber-Ark, RADiflow and WCK (Cyber Security); CS3, EMZA and Risco (Homeland Security); and Omative, Phase3 and Servotronix (Industrial Automation). Delegates said they were impressed by the focused, well-prepared meetings and felt that this encounter was very prominent in the sense of the cooperation it could yield for all parties.
ABB is a multi-national corporation with a global leadership in power and automation technologies. ABB is a publicly owned company with head office in Switzerland. The ABB Group operates in more than 100 countries and employs about 145,000 people with total revenues of $38 billion in 2011. The group was formed in 1988, merger of Swiss and Swedish engineering companies, both founded in late 19th century. ABB has leading market positions in diversified businesses, and its portfolio covers: Electricals, Automation, Controls and Instrumentation for Power Generation and Industrial Processes; Power Transmission; Distribution Solutions; Low-Voltage Products; Motors and Drives; Intelligent Building Systems and Robots and Robot Systems.