As mentioned before on Size Doesn’t Matter, ReWalk is one of the coolest wearable inventions to come out of Israel. Rewalk is a wearable bionic leg brace that enables paraplegics to walk, and possibly, run. The technology consists of a robotic exoskeleton that uses a combination of upper body strength and momentum to move.
The company announced that it plans to go public as it has recently received Food and Drug Administration approval in the United States.
According to Times of Israel, “the company announced Wednesday that it would seek to raise about $50 million with an IPO offering of 3.4 million shares at a price range of $14 to $16. With those numbers, ReWalk would be valuated at nearly $200 million. Shares would be offered on the NASDAQ stock exchange within 30 days, the company’s announcement said.”
Read more at Times of Israel.
According to Globes, “Apple regards the Israeli market as important, mainly for research and development. The company has 600 employees in its offices in Ra’anana, Herzliya, and Haifa. Apple will soon open new offices in Herzliya Pituah, where most of its employees will work. The company’s new marketing and sales office will also be in Herzliya.”
This move is anticipated to boost Apple’s sales in Israel, which currently faces steep competition in the Israeli market.
Read more at Globes.
Microsoft‘s Surface Pro 3, the newest addition to its tablet line, has partnered with an Israeli company to make the already user-friendly technology easier to use. N-Trig pen uses touch technology and “are designed to provide a natural pen-on-paper feel while enhancing the overall creativity and productivity of touch-enabled devices.”
N-Trig was chosen over industry veteran, Japan-based Wacom. According to No Camels, “[Wacom] has 80% of the world market for graphics tablets and related products – so the “incursion” of N-Trig into what had been an ongoing partnership between Wacom and Microsoft is a significant win for the Israeli company.”
Read more at No Camels.
Earlier in the week, we reported that Apple co-founder Steve Wozniak would be in Israel to speak at a conference on education.
During his visit, Wozniak toured communities in Israel near the Gaza border, which he called “one of [his] best experiences [he's] ever had.”
While visiting Jerusalem, Wozniak noted: “had a good time visiting Jerusalem and Gaza Strip today. If Israel did not react, the rockets would continue anyway. If Hamas halted rockets, Israel would not attack them. Peace.”
The technology legend also visited the offices of Israeli startups. On the topic of tech, Wozniak admits that he’s heard amazing things about tech in Israel, and has bought great products from Israeli companies, including the pocket printer.
Check out a video of Woz discussing his time in Israel here.
:: Israel 21C
Apple co-founder and tech pioneer Steven Wozniak has landed in Israel for the first time. Wozniak will be in Holon, near Tel Aviv, where he will be the keynote speaker at a conference.
According to Times of Israel, “one of the issues Wozniak feels strongly about is how technology can help kids learn better. On Monday, he will be talking about that issue at Eduaction, a conference on all things educational.”
Read more at Times of Israel.
Srouji received his Bachelor’s and Master’s degrees from Israel’s premier institute of technology, the Technion. He was raised in downtown Haifa and moved to the US in 2008 after serving in senior roles at both Intel and IBM in Israel.
He joined Apple to lead the development of the company’s first native cellular chip, the A4.
He was first appointed as a vice president three years ago, and was promoted to his current position last year. Srouji, according to the company’s page, reports directly to CEO Tim Cook.
Apple’s leadership page has only featured some of its senior officials throughout the years. But the company came under fire recently for its lack of diversity in senior positions.
The criticism elicited a response when the page was updated over the weekend to include a few more faces, Srouji among them.
Despite the geographic distance from home, Srouji has maintained involvement in Israel; he was closely involved with setting up Apple’s first R&D center in Israel in 2011.
According to some reports, Srouji pushed for the project to be built in Haifa, where he was raised. After its first incursion into Israel, Apple opened additional R&D centers in Herzliya, Tel Aviv and Raanana.
In recent years the US technology giant purchased a number of Israeli firms: PrimeSense for $350 million in 2013 and Anobit for $400 million in 2011.