Lingacom’s state-of-the-art muon detection system provides security agencies and personnel with an efficient and radiation-free solution for seaports, airports, border controls, critical infrastructure, and other sensitive locations.
Lingacom Ltd., a developer and manufacturer of muon-based detection solutions, announced today that it has been awarded a 1 million Euro contract by the European Commission’s prestigious Horizon 2020 SME Instrument for the development of an advanced vehicle scanning solution.
Lingacom’s technology is based on high-energy natural atmospheric cosmic ray muon particles, which have the highest known penetration levels on earth and are capable of penetrating and exiting all attenuating cargo and vehicles. Through the harnessing of these muon particles, Lingacom is offering a green, passive detection solution designed to meet the global security requirements associated with nuclear and radioactive detection. Lingacom’s unique approach to product design makes the company’s technology complementary with existing inspection systems that deploy high-energy x-rays and radiation portal monitors.
“This new contract will enable Lingacom to support the European Commission’s objective to protect sensitive sites and critical infrastructure from transported nuclear and radioactive threats,” said Lingacom CEO, David Yaish.
The SME (Small and Medium-Sized Enterprises) Instrument is a dedicated funding mechanism within the framework of the Horizon 2020 Research and Innovation Program that supports innovative SMEs throughout Europe and associated countries. By filling the funding gaps within emerging technology businesses, the SME Instrument is able to accelerate the development of novel solutions that address key regional and global challenges. Working with Lingacom in this instrument is ISERD, the Israeli government organization that supports Israeli entities’ participation in R&D ventures within the European Research programs.
“”By gaining recognition from the European Commission, Lingacom will be able to drastically increase the pace by which it can attend to Europe’s growing challenges related to nuclear and radioactive terrorism,” said Lingacom investor Brian Rosenzweig, a Managing Partner of JANVEST Capital Partners.
About Lingacom Ltd
Lingacom is a privately held company located in Tel Aviv, Israel. Lingacom Ltd. is a developer and manufacturer of muon-based detection solutions for homeland security, mining exploration, archaeological, industrial and civil engineering industries. Lingacom tomography capabilities far exceed what is currently available on the market by combining cosmic particles an in-house expertise of high spatial resolution detectors and tomography algorithms.
For additional information on Lingacom Ltd, visit http://lingacom.com/
Contact details : Email David Yaish – email@example.com , Phone : +97236700073.
During its meeting on December 11, 2013, held in Israel, the Board of Governors of the Israel-U.S. Binational Industrial Research and Development (BIRD) Foundation, approved $9 million in funding for eleven new projects between Israeli and American companies. In addition to the grants from BIRD, the projects will access private sector funding, boosting the total value of all projects to approximately $23 million.
The BIRD Foundation promotes collaboration between Israeli and American companies in various technological fields for the purpose of joint product development. In addition to providing conditional grants of up to $1 million for approved projects, the Foundation assists by working with companies to identify potential strategic partners and facilitate introductions.
Projects submitted to the BIRD Foundation are thoroughly reviewed by evaluators appointed by the National Institute of Standard and Technologies (NIST) and by evaluators appointed by the Chief Scientist’s Office in the Israeli Ministry of Economy.
The eleven projects approved by the Board of Governors are in addition to the 878 projects which the BIRD Foundation has approved for funding during its 36 year history. To date, BIRD’s total investment in these projects has been over $308 million, helping to generate direct and indirect sales of more than $10 billion.
The approved projects are as follows:
Dr. Eitan Yudilevich, Executive Director of the BIRD Foundation, said: “The projects approved by the Board of Governors include innovative, relatively high risk, technology developments. BIRD’s support reduces the risk and increases the chances of commercialization in the global market. The Foundation will continue to promote U.S. – Israel partnerships in diverse topics, such as cyber security and
homeland security, neurotechnology, advanced manufacturing and more.”
Mr. Phillip Singerman, Associate Director for Innovation and Industry Services at the National Institute of Standards and Technology (NIST), and co-Chairman of BIRD Board of Governors said: “The BIRD Foundation has achieved worldwide recognition, particularly for the rigor of its investment due diligence and the quality of its project management. It is also demonstrating best in class effectiveness for
efficient international operations and financial accountability, ensuring a high return on investment for
public expenditures. ”
Mr. Avi Hasson, Chief Scientist at the Ministry of Economy and co-Chairman of the Board said: “The BIRD Foundation continues to be the main tool to facilitate the strategic cooperation between Israel and United States in R&D and technology. The projects approved in the last board meeting reflect the significant diversity and potential of the collaborations. These projects contribute to the economy of
both Israel and the United States and encourage growth and job creation.”
The deadline for submission of Executive Summaries for the next BIRD cycle is on March 10, 2014.
Approval of projects will take place in June 2014.
About the BIRD Foundation
The BIRD (Binational Industrial Research and Development) Foundation works to encourage cooperation between Israeli and American companies in the various areas of technology, and provides free assistance in locating strategic partners from both countries for developing joint products. The BIRD Foundation supports projects without receiving any rights in the participating companies or in the project itself. The financial assistance is repaid as royalties from sales. The Foundation provides support of up to 50% of a project’s budget, beginning with R&D and ending with the initial stages of sales and marketing. The Foundation shares the risk and does not demand that the investment be repaid if the project fails to reach the sales stage.