- 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.
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Last modified: May 25, 2011