JERUSALEM--(BUSINESS WIRE)--Yissum Research Development Company Ltd., the Technology Transfer Company of the Hebrew University of Jerusalem, announced today that it had signed multiple research and licensing agreements in the area of advanced materials with ICL (NYSE and TASE: ICL),a global manufacturer of products based on specialty minerals that fulfill essential needs of the world s growing population in the agriculture, processed food and engineered materials markets.
We are excited to expand this research collaboration, which leads to the production of novel advanced materials, and hope that the partnership with a leading company such as ICL will propel the capabilities of the Israeli industry.
The expanded collaboration includes a research agreement involving work in the field of materials and 3D printing of Prof. Shlomo Magdassi, the Casali Institute of Applied Chemistry, the Institute of Chemistry and the Center for Nanoscience and Nanotechnology at the Hebrew University, as well as a research and license agreement for an invention in the field of solar energy by Dr. Lioz Etgar from the Institute of Chemistry at the Hebrew University.
These inventions join the on-going research collaboration between Yissum and ICL Innovation, ICL's technology incubator and ICL Industrial Products (ICL IP). The collaboration was established in 2014, in the field of sol-gel, researched by Prof. David Avnir, from the Institute of Chemistry. Under these agreements, ICL IP will have the option to purchase exclusive license to use any invention or product resulting from specific joint research endeavors.
Yaacov Michlin, CEO of Yissum, stated: We are excited to expand this research collaboration, which leads to the production of novel advanced materials, and hope that the partnership with a leading company such as ICL will propel the capabilities of the Israeli industry.
Eyal Ginzberg, Senior Vice President & Chief Technology Officer, ICL: ICL places great importance in developing new and advanced materials that will address the growing needs of humanity in the agriculture, food and advanced materials markets. These products and technologies will be more effective and more environmentally friendly. In addition to a broad and global internal research and development activity, ICL actively promotes new ideas and collaborations with many varied partners aside from the ICL Group. We are very happy to expand the collaboration with Yissum and the Hebrew University, which provides us with the opportunity to develop novel, creative and ground breaking technologies that will offer a significant contribution to the growing world population.
Yissum Research Development Company of the Hebrew University of Jerusalem Ltd. was founded in 1964 to protect and commercialize the Hebrew University s intellectual property. Products based on Hebrew University technologies that have been commercialized by Yissum currently generate $2 Billion in annual sales. Ranked among the top technology transfer companies in the world, Yissum has registered over 8,500 patents covering 2,500 inventions; has licensed out 750 technologies and has spun out 96 companies. Yissum s business partners span the globe and include companies such as Syngenta, Monsanto, Roche, Novartis, Microsoft, Johnson & Johnson, Merck, Intel, Teva and many more. For further information please visit www.yissum.co.il.
ICL is a global manufacturer of products based on specialty minerals that fulfill humanity s essential needs primarily in three markets: agriculture, food and engineered materials. The agricultural products that ICL produces help to feed the world s growing population. The potash and phosphates that it mines and manufactures are used as ingredients in fertilizers and serve as an essential component in the pharmaceutical and food additives industries. The food additives that ICL produces enable people to have greater access to more varied and higher quality food. ICL s water treatment products supply clean water to millions of people, as well as to industry around the world. Other substances, based on bromine and phosphates, help to create energy that is more efficient and environmentally friendly, prevent the spread of forest fires and allow the safe and widespread use of a variety of products and materials.
ICL benefits from a broad presence throughout the world and proximity to large markets, including in emerging regions. ICL operates within a strategic framework of sustainability that includes a commitment to the environment, support of communities in which ICL s manufacturing operations are located and where its employees live, and a commitment to all its employees, customers, suppliers and other stakeholders.
ICL is a public company whose shares are dual listed on the New York Stock Exchange and the Tel Aviv Stock Exchange (NYSE and TASE: ICL). The company employs approximately 12,500 people worldwide, and its sales in 2014 totaled US$6.1 billion. For more information, visit the company's website atwww.icl-group.com.
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