EPIC and Israeli group sign MOU for photonics cooperation

The European Photonics Industry Consortium and the Israel Association of Electronics & Software Industries (IAESI) signed an MOU.

The European Photonics Industry Consortium (EPIC) and the Israel Association of Electronics & Software Industries (IAESI; Tel Aviv) signed a Memorandum of Understanding (MOU) setting the framework for cooperative activities involving technological and commercial advancement in photonics. The partnership will encourage direct contact and cooperation between the consortiums and its members, exchange of information and contacts, identify partners for Horizon 2020 collaborative research projects, co-host visits of delegates of each consortium’s commercial trade missions, and business events.

Carlos Lee, Director General of EPIC, and Zvi Marom, Founder and CEO of BATM, and Chairman of the IAESI, signed the MOU in conjunction with a visit by the EPIC delegation to Israel February 26 to March 1. 25 EPIC members met with 40 Israeli companies. The event was a unique opportunity to experience Israel, learn about companies, and connect with Israeli decision makers and experts.

IAESI comprises about 300 companies in the fields of electronics, telecommunications, semiconductors, medical devices, IT, and software, which complements the interests of the 300 members of EPIC. Israel is also home to several hundred photonics companies employing over 10,000 people.

The IAESI notes that, in the last 2 years, investments have been made in the following Israeli companies: Lumus ($30 million), Innoviz ($9 million), Deep Optics ($4 million), Corephotonics ($17.8 million), and Optimal+ ($42 Million). The following Israeli companies have been acquired in recent years: ACS Motions Control, Alma Lasers, Anobit, Broadlight, Cadent, CogniTens, Cyopyics, Kailight, Light Instruments, Lightech, Linx Computational, Mobile Access, Ophir Optronics, Pebble Interfaces, Primesense, Provigent, Radiancy, Red-C, Spectrum Dynamics, V-Gen, and Zoran.

Source: EPIC

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