The new company is expected to sell $3 million of products in the first year.
Arad-Dalia, owned by Kibbutz Dalia, today announced it has set up a new high tech company, called Arad Technologies.
Arad Technologies will deal with development of advanced technologies for automated controlling and reading of water measurement systems. The company will invest $500,000 in the development. Arad Technologies will develop advanced software and control tools to facilitate online control of all types of systems for automated water meter reading: home, industrial and municipal.
Arad-Dalia general manager Gilon Beck told "Globes" that, in the first stage, the company will focus on continued development of wireless automated water meter reading systems.
Arad Technologies is in located the Yokneam high tech industrial zone. Sales during the companies first year are forecast at $3 million.
Published by Israel's Business Arena on January 9, 2000