Three selected news about business, innovation and sustainability from Israel. Today the three fields are: Electronic Warfare, Cannabis:Enhencement for more Sustainability, Capital Market: New Bond Indices in Israel.
Selected and brought to you by Naftali – doing business and searching for innovation and sustainability for 40 years.
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ELECTRONIC WARFARE
Elbit Systems Ltd. (NASDAQ:ESLT) (TASE: ESLT) (“Elbit Systems”) announced today that it was awarded a $69 million contract to supply Electronic Warfare (EW) capabilities to a country in Asia-Pacific. The contract will be delivered over a period of three years.
Oren Sabag, General Manager of Elbit Systems ISTAR & EW, said: “We witness a growing demand for our EW capabilities as militaries around the world increasingly recognize the importance of dominating the electromagnetic spectrum.”
Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world.
CANNABIS: ENHANCEMENT FOR MORE SUSTAINABILITY
Hebrew University Engineers enhanced Cannabis Strain with 20% More THC and augmented by this innovation the sustainability. Throughout the world, the cannabis plant is gaining in popularity and legitimacy as a medical treatment for a broad range of illnesses. Now, researchers at the laboratory of Professor Alexander (Sasha) Vainstein at the Hebrew University of Jerusalerm (HU)’s Robert H. Smith Faculty of Agriculture, Food and Environment, in partnership with and funding from Mariana Bioscience Ltd, have successfully engineered a cannabis plant with higher levels of medically-important substances, such as THC.
The researchers successfully increased the level of THC (tetrahydrocannabinol), the main psychoactive component in cannabis, by close to 17%, and the level of CBG (cannabigerol), often referred to as the mother of all cannabinoids, by close to 25%. Further, Vainstein and his team were able to increase the ratio of terpenes, which are responsible for maximizing the euphoric effects of cannabis, by 20–30%.
CAPITAL MARKET: NEW INDICES FOR BONDS ON TASE
The Board of Directors of TASE approved in its meeting on May 24th, 2022 the principles of an All New bond Indices Methodology, which will take effect on June 30th, 2022.
As part of the All New Index Methodology, the calculation of the bond indices will be automated and updated once a month, which will facilitate a significant upgrading of the management of the indices, the introduction of elements such as a weight cap factor per bond series and per issuer, the addition of new series to the indices on a monthly basis, the gradual reduction of the weight of a series as it approximates maturity, and the development of new and more complex bond indices. Government bond indices will be renamed under “Tel-Gov” trademark.
The bond indices are traded on TASE as part of the real time trading, similarly to equities, whereas on international exchanges the bond indices are traded off-exchange, in OTC format. The trading method applied at TASE offers a significant advantage, as it enables the public transparent and real time trading of bond indices in Israel. TASE’s bond indices comprise of 45 indices with a record volume of managed assets of NIS 50 billion.
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