Two Israeli companies have won Wall Street Journal 2004 Technology Innovation Awards, taking second and third place out of 120 semifinalists. Given Imaging, based in the Galilee city of Yokne'am, received the Wall Street Journal's silver medal overall - and first place in the medical technology category - for its patient-friendly, naturally ingested PillCam video capsule. The PillCam is used for visualizing the gastrointestinal tract.
The InSightec company, headquartered near Haifa, received the Wall Street Journal's bronze medal award for its ExAblate 2000. Newly approved by the FDA, the ExAblate 2000 combines MRI with focused ultrasound for non-invasive surgery.
A panel of judges selected those projects that addressed large challenges for which new solutions would have wide impact, offering a truly novel solution, and supported by rigorous data on real-world performance. The awards were made public this week.
Another well-known publication, Popular Science, awarded an Israeli start-up company its Grand Award this month in the Home Entertainment category in the magazine's 2004 Best Of What's New competition. Genoa Color Technologies, a four-year old Israeli startup in the city of Herzliya Pituach, beat out some of the biggest companies in the electronics industry with its ColorPeak Multi-Primary Color system, which nearly doubles the color capability and brightness of TV displays.
As noted by Atid-EDI's Fortnightly Report on Middle Eastern business developments, "ColorPeak is a radical departure from the RGB (red, green and blue) television display technology that has been the industry standard for more than 50 years. It adds one to three primary colors to expand a television set's coverage of the visible color gamut from 55 to 95% and increase its brightness by as much as 40%."
In the financial services industry, Fundtech - headquartered in Ramat Gan and New Jersey - has been ranked among the top 100 global technology and service providers. The company, headed by CEO Reuven Ben-Menachem, was listed 59th in the first annual FinTech 100 rankings. The rankings were jointly developed by American Banker and Financial Insights, an independent research services firm. Fundtech products have reduced bank operating costs through innovative software solutions and services that facilitate payments, settlement and cash management.
The InSightec company, headquartered near Haifa, received the Wall Street Journal's bronze medal award for its ExAblate 2000. Newly approved by the FDA, the ExAblate 2000 combines MRI with focused ultrasound for non-invasive surgery.
A panel of judges selected those projects that addressed large challenges for which new solutions would have wide impact, offering a truly novel solution, and supported by rigorous data on real-world performance. The awards were made public this week.
Another well-known publication, Popular Science, awarded an Israeli start-up company its Grand Award this month in the Home Entertainment category in the magazine's 2004 Best Of What's New competition. Genoa Color Technologies, a four-year old Israeli startup in the city of Herzliya Pituach, beat out some of the biggest companies in the electronics industry with its ColorPeak Multi-Primary Color system, which nearly doubles the color capability and brightness of TV displays.
As noted by Atid-EDI's Fortnightly Report on Middle Eastern business developments, "ColorPeak is a radical departure from the RGB (red, green and blue) television display technology that has been the industry standard for more than 50 years. It adds one to three primary colors to expand a television set's coverage of the visible color gamut from 55 to 95% and increase its brightness by as much as 40%."
In the financial services industry, Fundtech - headquartered in Ramat Gan and New Jersey - has been ranked among the top 100 global technology and service providers. The company, headed by CEO Reuven Ben-Menachem, was listed 59th in the first annual FinTech 100 rankings. The rankings were jointly developed by American Banker and Financial Insights, an independent research services firm. Fundtech products have reduced bank operating costs through innovative software solutions and services that facilitate payments, settlement and cash management.