Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) has signed a joint research agreement with the Israel Institute of Technology to develop vision systems.
Over the next five years, Elbit Systems will award research grants to selected Technion Electrical Engineering Department researchers and students, who will use the company's Eye Tracking laboratory to support their research. Elbit Systems recently published a call for research in vision and computer aided vision fields for Technion undergraduate and graduate students, and has received a number of research requests. The grant committee, which comprises Elbit Systems' R&D representatives and a Technion observer, will soon determine which of the research requests will be granted, and will continue to follow additional research fields suitable for the award of research grants in the coming years.
Researchers in the eye tracking field will examine the human eye's capability to track objects in space, and qualify and categorize the objects perceived (3D movement), and other topics. The vision researches' findings are expected to contribute to the improvement of data fusion capabilities in determining targeted objects' outlines, efficient automatic calibration in case of overlapping cameras' fields of vision, picture reconstruction and other fields.
Technion President Yitzhak Apeloig said, "The new program we are launching and Elbit Systems' annual donation to the research in the vision systems field reflect the fruitful, reciprocal cooperation between the Technion and industry."
Elbit Systems president and CEO Joseph Ackerman said, "Elbit Systems is proud to be an active partner in advancing the research activity performed at the Technion, one of the most technologically advanced research institutions in the world. We see our constant investment in R&D a central ingredient in Elbit Systems' success so far, and vital for the maintenance of our leadership in the highly competitive global defense industry."
Published by Globes [online], Israel business news - www.globes-online.com - on June 15, 2008
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