- 5 - When R&D activities are completed and marketing commenced, the partnership will receive royalties based upon gross sales. In addition, we will have the option to convert these royalties to equity in the companies at a later date. I feel that by diversifying our investment in five separate companies, in three exciting areas of high technology where Israel has shown definite expertise, the potential for success is great. Funds for the limited partnership were raised from various limited partners. ATA was a limited partner in the I-Tech partnership. The limited partnership closed in December 1984. I-Tech entered into separate agreements with five Israeli research and development companies (R&D companies). The R&D companies conducted research and development in computer robotics and related fields (R&D projects). The R&D companies that I-Tech entered into agreements with are as follows: 1. Oshap Technologies, Ltd. and its affiliates; (Oshap);9 2. Efrat Future Technology, Ltd. (Efrat);10 3. AiTech Systems, Ltd. (AiTech);11 9Oshap’s research project concerned robots and robotic production lines--technology that would enable a manufacturer to simulate a production line on a computer screen. 10Efrat specialized in “digitizing voice” and created an early digital voice recording and retrieval system. 11AiTech was developing a line of “rugged” computer systems specifically designed to operate under severe environmental conditions.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011