Civilian Technology Transfer
In 1993, Rafael Development Corporation (RDC), a technology transfer company, was established as a joint venture with Elron Electronic Industries; in order to commercialize applications based on defense technologies for medical devices, telecommunications, and semiconductor industries. The company has successfully established and developed several companies including:
- Given Imaging (NASDAQ:GIVN) - a pioneer in the sphere of capsule endoscopy.
- Oramir Semiconductor Equipment - developer of laser cleaning technologies for the semiconductor industry, sold to Applied Materials in 2001 for $21 million.
- Starling Advanced Communications (TASE:STLG) - provider of broadband wireless networking solutions for airliners.
- Galil Medical - a developer of cryotherapy solutions.
- SELA Semiconductor Engineering Laboratories - a provider of automated sample preparation tools for semiconductor manufacturers, sold to Camtek Intelligent Imaging.
- 3DV Systems - developers of the ZCam, a time-of-flight camera products for video applications, sold to Microsoft.
- Medingo - developer of a micro pump insulin delivery system consists of two parts: a semi-disposable insulin dispensing patch and a remote control, which allows for discreet personalised insulin delivery. The company was sold to Hoffmann-La Roche's subsidory Roche Diagnostics for $160 million as well as up to $40 million in milestone payments.
Read more about this topic: Rafael Advanced Defense Systems
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