Ashdod Port has announced an investment of NIS3.6m in five start-ups covering areas such as crane safety and cyber security, as it looks to boost its competitiveness ahead of privatisation.
Selected from a list of 10 companies, the investment is predicted to deliver future revenues of NIS1m over the next two years, through a royalty agreement.
Among the start-ups are Greazly, with its grease monitoring system to prevent malfunctions and the closure of cranes, and Captain’s Eye, which uses the port’s cameras to identify and alert in real-time regarding safety incidents including contamination.
You need a free subscription to read the entire article.
Subscribe
Subscribe for FREE and gain access to all our content.
More than 5000+ articles.