First Isratech Fund (FIF)      
         
 

First IsraTech Funds ('FIF') are managed jointly by Reico 2005 Ltd. (Zwi Vromen)* and UK based Alberdale. FIF raised a total of $14 million from an international group of seasoned investors. FIF began its investments program in early 1997, focusing on emerging Israeli or Israeli-related technologies in Life Science.
FIF invested in globally minded companies with a dedicated management team, engaged in innovative products and promising potential markets. By March 2001, FIF was fully invested in ten hi-tech ventures, providing seed or development stage financing.
FIF achieved several exits to some of its portfolio companies as represented in "Realized Investments" section.

In addition to the equity contribution, FIF's portfolio companies benefit from its managerial expertise and hands-on business approach. The Fund provides access to global corporations and international marketing partners. FIF takes an active role in recruiting key personnel and works closely with management on business and product strategies. FIF networks extensively with European and US financial institutions, thus facilitating subsequent fund-raising rounds.

 
     
 

Management

 
     
 

Mr. Philip Aaronberg, Chief Manager - Alberdale

Mr. Zwi Vromen, Board Member - Reico 2005

Mr. Stein Revelsby, Board Member- NordenTech

Braeside , Consultant to the Board

 
     
       
   

Life Science

 
       
     
    Cadent
Cadent Ltd. ('Computer Aided Dentistry') provides web-based 3D digital models and related products to the dental industry, thus overcoming all the constraints attached to physical plaster models (i.e., limited diagnostic value, cumbersome production techniques and costly storage fees). Cadent's product, OrthoCad, is a solution for generating and distributing digital 3D models for orthodontics. In the field of Crown & Bridge, Cadent is presently developing the EID (Electronic Impression Device), a pen-like 3D scanner to enable impression-free acquisition of the relevant intra-oral topology.
 
       
     
    Glycominds
Glycominds Ltd. is focused on the commercialization of proprietary biomarkers for autoimmune diseases, the largest unmeet need tests market. Glycominds Ltd. is pioneering the application of glycomics science to clinical practice, in order to significantly improve the quality of treatment decisions for patients with autoimmune diseases.The company's pipeline includes tests for other autoimmune diseases - which are among the most recognized and poorly understood illnesses. Glycominds's initial products are based on their newly discovered biomarkers for Multiple Sclerosis (MS) - currently in the validation phase of product development in the course of the PRACTIMS and DECISION study and Crohn's Disease (CD). The company's series for GI test, the IBDX™ product line, will soon be launched to the European market.
 
       
     
    Gamma Medica IDEAS Inc. (formerly IDEAS AS)
A merger between IDEAS and Gamma Medica

FIF invested in IDEAS, a unique expertise lies in the area of radiation detection and imaging technology. IDEAS develops and supplies high-technology products for use within nuclear medicine, security and safety, medical x-ray, biomedicine, industrial inspection and physics. Ideas represents a world-class center for research and commercial development of solid-state camera heads and detection modules which provide high quality and high-resolution digital images. The company delivers standard products which utilize semiconductor sensors combined with advanced readout electronics, as well as customized solutions.

Gamma Medica designs, develops, and manufactures next-generation imaging systems for both clinical and pre-clinical applications.
 
       
     
    Real Time Radiography
Real-Time Radiography is a world leader in designing and manufacturing of flat-panel X-ray detectors based on its proprietary Mercuric Iodide coating and advanced CMOS readout circuitry technology. The synergy of innovative mercuric iodide deposition technologies combined with very high-speed, low-level precise readout electronics provides for sophisticated yet economical solutions for digital detectors used in general radiography, mammography, fluoroscopy, gastro-intestinal, angiography and cardiac applications. Real-Time Radiography detectors enable data acquisition at up to 120 frames per second, delivering image quality with edge-to-edge clarity, dose efficiency and clinical performance across the full range of imaging applications.

A new development (in progress) of an X-Ray sensor for the dental use.
 
       
     
    Sightline
Sightline Technologies Ltd is a medical device company engaged in developing, manufacturing and marketing advanced endoscopic solutions for gastro-enterological applications. SightLine's primary focus is to develop and market patented video endoscopic systems for imaging diagnostics and therapy and to improve the overall quality of healthcare by bringing new insight to the world of gastroscopy. In a field where little has changed since its inception, Sightline has created new technologies that enhance the physician's ease of use, cost productivity, safety and patient comfort. SightLine is currently concentrating its attention on three product families: a video robot for the early detection and treatment of cancer of the colon; a fingertip-mounted video camera that will serve as a platform for a wide range of procedures in proctology, gynecology, plastic surgery, emergency medicine, and general surgery; and a disposable rigid video sigmoidoscope.
 
       
       
   

Energy Investments

 
       
     
    Power Paper Ltd.
Power Paper is a leading provider of micro-power source technology, which addresses a growing trend across a wide range of industries towards ultra-thin and flexible micro-powered devices - unique, fully-integrated microelectronic products, using patented custom batteries, designed to meet specific application and production requirements. The keystone of Power Paper's technology is a flat, disposable battery, which is ultra-thin and flexible; that can be made in almost any shape and size at a low cost. It is simple to produce, using a printing process and is completely safe, non-toxic and environmentally friendly. Based on this technology, the company has developed a number of innovative applications for its PowerCosmetics, PowerNovelties, and PowerID product lines, as well as a line of PowerInks for authorized manufacturers. The wide range of applications include communications, processing and display functions in smart cards and other miniature devices replacing tags, electronic games and entertainment devices with audio-visual effects and integrated, disposable healthcare devices (such as medical sensors and active drug delivery pads).
 
       
       
 

Realized Investments

 
     
 

Orex was purchased by KodaK

Drykor dissolved in 2005

Sensotech was merged into Aryt Systems

Biosonixh was merged into Neoprobe

SUPHERB was sold to Ambrosia Ltd.

SVT was sold to Cadvision Medical technologies (Formerly IMM Israel)

 
     
 
Contact
 
     
   
 

Address: 44 George St., London W1U 7DU
Contact: Lee Cory
tel. +44-207-563-9920 fax +44-171-935-2680
E-mail: lee@isratech-fund.com

 
     
c o p y r i g h t 2 0 0 4 , I s r a t e c h