Japanese camera manufacturer Canon (NYSE: CAJ; JSE: 7751) will consider technological cooperation with Israeli companies, Israel Minister for Economic Affairs at the Israeli embassy in Tokyo Noah Shani said today, following discussion in Tokyo with Canon executives.
Shani stated that his discussions had aroused interest in Israeli technologies, and in possible cooperative R&D efforts.
Representatives from the Israel Ministry of Industry, Trade, and Labor and Canon executives agreed that the Israel economic mission to Japan and the Ministry of Industry, Trade, and Labor foreign trade administration would map the available technologies in which Canon had an interest. Later, profiles of relevant Israeli companies will be given to Canon management. Canon representatives are expected to visit Israel from Japan, following the upcoming video conference, to include representatives from Canon and the Israeli companies.
Shani added that while over 70% of Japanese R&D was conducted in local Japanese industries, dozens of Japanese companies had used Israeli technologies over the past year. He said that the dialogue with the Canon representatives was part of a plan drawn up by the Israel economic mission to Japan for meetings with senior executives of leading technology companies, in order to present to them new opportunities for cooperation with Israeli companies.
Published by Globes [online] - www.globes.co.il - on March 22, 2004