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equipment manufacturers (OEM), which could offer
products manufactured by Hal Robotics as package deals
with their own products; also tool manufacturers or
manufacturers of industrial robots might be
distributors of Hal Robotics products.
* * * * * * *
Hal Robotics’ work is in the competitive area of
CAD/CAM technology. The Company believes, however,
that its focus on the manufacturing rather than the
design aspect addresses a potentially unfulfilled
market need and thereby provides a correspondingly
significant business opportunity. * * *
Hal Robotics intends to acquire certain of the hardware
components of its products from third parties. * * *
Based on their dissatisfaction with the Hal Robotics’ R&D
project,34 I-Tech’s general partners ceased funding the Hal
Robotics’ R&D project in 1986 and terminated the Hal Robotics’
R&D agreement.
5. Oshap35
Oshap’s marketing and manufacturing plans were stated in the
PPM, in part, as follows:
It is anticipated that the marketing of the products
developed by Oshap companies will be undertaken in
three ways: (1) through subsidiaries to be established
in Europe and the United States; (2) through a chain of
system houses in the United States and Europe; and (3)
through original equipment manufacturer (“OEM”)
contracts with other companies. * * *
34Development of a “flexible manufacturing system” under
which a computer would coordinate and direct the execution of
certain manufacturing processes.
35Mr. Yaakov had an indirect interest in an Oshap affiliate,
Roboticad.
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