When it comes to innovation, few countries can match Israel. One example: Leviathan Energy’s wind tulip small wind turbine, a combination of aerodynamic innovation and industrial design which won second place in a competition of the best Israeli clean technologies among the 50 technologies representing Israel at the Israel Innovation Inc. exhibit at the Bloomfield Science Museum in Jerusalem.
The Leviathan idea is to allow investors to own small wind farms for roof top turbines and benefit from a high return on their investment. Here are two videos that show the technology: http://www.youtube.com/watch?v=pccRfM6fGyw
Israel is a global leader in innovation for a variety of reasons, including tax incentives, government subsidies and the entrepreneurial spirit inherent in the Israeli culture. As a comparison, Israel now has 71 companies listed on the Nasdaq exchange (more than any other company but China) while Ireland, another entrepreneurial country which has fashioned itself as a biotech center, has seven.
Among the smallcap Israeli companies listed on Nasdaq are:
BiolineRx (BLRX, http://www.biolinerx.com/), which is in the process of testing a schizophrenia drug, among others, just listed its ADRs on Nasdaq July 25. The company has a robust pipeline with 14 therapies actively being developed with five in clinical development. Other therapies in development include one for inflammatory bowel disease and another for removing skin lesions without surgery. Teva Pharmaceuticals (TEVA), the world’s largest maker of generic drugs, is BiolineRx’s largest shareholder. At mid-day July 26 it was trading for $5.36, down 23 cents from its first day’s closing price.
Tel Aviv-based Ness Technologies (NSTC, http://www.ness.com/) provides information technology and business planning services and operates in three segments: software product engineering; system integration, application development and consulting; and software distribution. At mid-day July 26 NSTC was trading for $7.75, very close to its 52-week high of $7.70. To learn more, listen to the second quarter results conference call before market July 27 (or the tape afterward). Details can be located at the NTSC website.
ClickSoftware Technologies (CKSW, http://www.clicksoftware.com/) provides workforce and service management software products and solutions and sells its products through a direct sales force and resellers. At mid-day July 26 its stock was trading for $9.95, up 3 cents on the day and near its 52-week high of $10.94 (low was $5.33). The company management will present its second quarter results on a conference call July 28.
Formula Systems (1985) Ltd. (FORTY, http://www.formulasystems.com/) develops and markets information technology (IT) solutions worldwide and operates as a subsidiary of Asseco Poland SA. It trades very lightly (average daily volume of 7,367) and its stock is currently selling for $17.98 with a 52-week range of $12.15-$20.64.