Dedicated to supporting business between Arizona and Israel through B2B initiatives, business attraction and investment, the Arizona Israel Technology Alliance (AITA) initiated dialogue with both parties to facilitate this agreement.
In a move set to increase the use of superconducting technology that reduces the amount of electrical resistance in various products and applications, Arizona-based Ambature, Inc. announced it has formalized a channel partner agreement with Israeli-based Ormic Components Ltd.
The Arizona Israel Technology Alliance (AITA) serves as the premier resource for companies and organizations in Arizona and Israel on collaborative initiatives. AITA is dedicated to promoting and strengthening business, investment, entrepreneurship, technology and trade relations between the technology communities of Arizona and Israel. AITA’s purpose is to increase and support bilateral trade and investment between Arizona and Israel, with each offering resources and opportunities across the technology industry.
“The vision and innovation of Ambature and its agreement with Ormic is yet another example of how Arizona and Israel are collaborating on mutually beneficial commercial interests,” said Leib Bolel, President and CEO of the Arizona Israel Technology Alliance. “By facilitating business agreements between these two geographies, we continue to build Arizona’s tech hub and bolster its ability to compete on the global stage.”
Ormic is now authorized to seek Ambature intellectual property (“Ambature IP”) licensees for Ambature’s over 200 patents in the area of a-axis superconducting technology for use in products like integrated circuits, sensors, cell phone base stations, batteries and quantum computers. Ambature’s patents are registered in 10 of the world’s major economies—the U.S., EU, China, Japan, India, Canada, Russia, South Korea, Taiwan, and Israel—which comprise approximately 78% of the world’s GDP.
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