Israel Aerospace Industries Ltd. (IAI) (TASE: ARSP.B1) has announced that it has signed a historic collaboration agreement with Group42, based in Abu Dhabi, the capital of the United Arab Emirates (UAE). The collaboration will focus on R&D for solutions to fight the Covid-19 pandemic.
The agreement was signed between IAI’s ELTA Group via a video conference call between UAE and Israel. In the call, representatives of both companies discussed ways to leverage AI and other innovative technologies including lasers and sensors, to develop new Covid-19 focused systems. The solutions, as well as the joint medical and technological initiatives, are meant to help not only the populations of both countries but also aid in the global battle against the Covid-19 pandemic and improve the healthcare situation of the entire region.
IAI VP and Elta CEO Yoav Turgeman said, "IAI is excited to sign the collaboration agreement with our Abu-Dhabi partners. Covid-19 does not distinguish between continents, peoples, and religions. We attach the utmost importance to a collaborative initiative that would yield breakthrough solutions. Over the past few months, IAI has mobilized its technological know-how, capabilities, and traditional boldness to help protect Israel and the local healthcare system. We are now proud to join forces with Group42 from UAE and take the first step in what may become future joint work by the two countries."
Since the virus began spreading worldwide, IAI has been evaluating ways to offer its technological solutions to help Israel on the national level. IAI has collaborated with healthcare and defense parties, with the Directorate of Defense Research & Development (DDR&D), and with the State Companies Authority to understand the needs as they emerged during the pandemic.
ELTA develops remote sensing and radar systems and offers an extensive portfolio of strategic systems such as mission aircraft, national cybersecurity administration, ground robotic, anti-drone, and homeland defense systems, and more. IAI is a national technological know-how center for radars, satellite technologies, unmanned aircraft, civilian aviation, and cybersecurity.
Published by Globes, Israel business news - en.globes.co.il - on July 3, 2020
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