Tag: iron dome

From Ballistics to Blackouts: How One Company Uses Israel’s Military Technology to Help Power Utilities, Keep Lights On

Guest post by Phillip Fine, Jerusalem-based writer/editor.  There’s commercialization of military know-how and then there’s Israel’s commercialization of military know-how. Take mPrest Systems Inc., a software maker headquartered in Petah Tikva, a city of 231,000 roughly 11 kilometres east of Tel Aviv. That company is selling the software that Israel used in Iron Dome – its system for shooting down Hamas rockets — to electric power utilities to help them prevent blackouts. Specifically, by polling sensors, the software allows an electric utility to monitor its equipment. The utility can then better predict when a transformer might pop, thus allowing for repairs before the electricity goes off. One customer, the New York Power Authority, has already used the software to pinpoint transformers that it didn’t even know were problematic, says Natan Barak, mPrest’s CEO, who spoke to Media Line at the OurCrowd global investor summit in Jerusalem Feb. 16. mPrest hopes to sell the software to other electric utilities in the U.S., as well as to power companies in Asia. In fact, the company is customizing its product so utilities...

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Internet of Things: The next wave of our connected world

A system called the Iron Dome intercepts rockets before they can hit the ground, saving human lives. A farmer using an application called CropX sets his irrigation system to deliver more water to certain parts of his field and less to others, increasing food yields while conserving resources. Two ancient human challenges, warfare and farming, have been completely transformed due to technology that increasingly connects all objects, ranging from hostile missiles to green sprouts of wheat. About 28 billion ‘things’ will be connected to the internet by 2020, according to a recent Harvard Business Review report. As advances zoom forward with the help of the sector known as Internet of Things, or IoT, the world is on a path to increasing connectivity, setting us up for myriad social and economic changes. The first internet-connected device that was not a computer was a toaster. In 1990, John Romkey created a toaster that could be switched on and off over the internet, following the challenge of Interop Internet host Dan Lynch. Although this started off as nearly a joke, the technology...

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8 Israeli Tech Trends for 8 Crazy Nights: Security, virtual and physical (3/8)

We’re celebrating Hanukah in Israel right now and given all the fun and festivities going on, we thought it would be a good time to look back over the past few months and highlight some of the tech trends we’re seeing in startup land in the Startup Nation. As a caveat, these trends are based upon our deal flow – what we’re seeing on the ground. So, Happy Hanukah and enjoy. >>Read about all the top Israel technology trends this holiday season<< :::::::::Security, physical and virtual:::::::::: The Problem: there are still a huge amount of online hackers, viruses, thieves, and terrorists that provide threats to people all over the world. The war on terror continues. The Solution: Israel is known for its excellence in security- physical and digital. With all of Israel’s surrounding enemies, there wouldn’t be a country without this excellence. It has paid off too: the Iron Dome potentially saved many lives while internet security inventions made many people rich. SiteBlackBox: this Tel Aviv based company identifies genuine users from abusers who cause losses and business disruptions. SBB enhances...

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