The company also has an agreement to supply its Kfir chips to Daewoo of Korea and a cooperation agreement with Sun International.
"Globes" has learned that Herzliya-based Israeli start-up VisionTech has signed an agreement totaling tens of millions of dollars with two of the largest encoder manufacturers in the US: GI (now Motorola Broadband Communications) and Scientific Atlantic. Under the agreement, VisionTech will supply these companies with Kfir compression chips it designed and manufactured. The chips will be integrated in the two manufacturers' digital encoders.
VisionTech also has an agreement with Daewoo of Korea, under which it will supply Kfir chips from the beginning of next year. Estimates say the company will sell its products for a total of $5 million by year-end, including $4 million expected in the last quarter of the year. Next year, the company anticipates revenues of tens of millions of dollars.
Published by Israel's Business Arena on 8 August, 2000