I-Tech R&D Limited Partnership - Page 5




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               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