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THE JEWISH
JEWSH
114110114.
NATIONAL FUND
FWD
(KELMNR A I TLY) EZTH
(I( MESNIR A)
I INC 1: " OF GREATER DETRorr
JEWISH
11411011AL
INVITES YOU TO A SPECIAL SEMINAR ON
ESTATE PRESERVATION PLANNING
featuring
KEITH B. BRAUN
PARTNER IN THE LAW FIRM OF HONIGMAN MILLER
SCHWARTZ AND COHN. MEMBER OF THE FINANCIAL AND
ESTATE PLANNING COUNCIL OF DETROIT AND MEMBER OF THE
PROBATE AND ESTATE PLANNING SECTION OF THE STATE BAR
OF MICHIGAN. EDITOR OF GUIDE TO CHARITABLE GIVING, PRO-
DUCED BY THE JEWISH FEDERATION OF METROPOLITAN
DETROIT.
MATT BERNSTEIN
NATIONAL DI RECTOR OF PLANNED GIVING, JEWISH NATIONAL FUND.
AUTHORITATIVE LEADER IN ESTATE PLANNING
and
CHARLOTTE JACOBSON
NATIONAL CHAI RPERSON, PLANNED GIVING, JEWISH NATIONAL FUND
WEDNESDAY, MAY 5,1993 7:30 P.M.
at the home of
DAVID AND DOREEN HERMELIN
THE SEMINAR WILL INCLUDE:
*OVERVIEW OF TH E FEDERAL ESTATE AND GI FTTAX CODE.
* HOW PRESENTTAX LAWS CAN BE USED TO MAXIMIZE YOUR WEALTH
ACCUMULATION AND ESTATE PRESERVATION PROGRAMS.
* HOW CHARITABLE REMAINDER TRUSTS RESULT IN SUBSTANTIAL TAX
REDUCTIONS DURING YOUR LIFETIME AND REDUCE YOUR TAXABLE
ESTATE AT DEATH.
*USING STATE OF ISRAEL BONDS TO SECURE THE FUTURE OF YOUR
LOVED ONES WHILE HELPING TO STRENGTH EN AND BEAUTI FYTHE
STATE OF ISRAEL.
SEATING IS LIMITED. YOU MUST REGISTER BY CALLING
MARSHA RADN ER AT)NF, (313)557-6644 BY MAY 3RD
COCKTAIL HOUR
NO SOLICITATIONS WILL BE MADE
DIETARY LAWS OBSERVED
(
Call Now For Your
Spring Start Up
RICK WALD . can For Details • 489.5862
High-Tech Industry
Abounds In Israel
y
ou only have to browse
quickly through the
monthly Israel High
Tech Report to gain a sense of
the extraordinary high level
of Israel's technological
achievements. Motorola
(Israel) has devised the
largest and most complex
computer-controlled water
control system in the world.
ABIC Pharmaceutical is syn-
thesizing products in the do-
main of such giants as Swiss
CIBA-Geigy (Voltarene) and
British Glaxo (Zontac).
Xsirius, a new Jerusalem
company is in the "hot" race
to produce high temperature
superconductor chips. Elimin-
ating energy losses, these
micro-chips hold the promise
of remote power stations,
bullet trains and static-free
radio reception.
In April 1990, when Ofek
II, Israel's second experimen-
tal satellite, soared into orbit,
a spokesman for Israel Air-
craft Industries commented:
"Major credit goes to Israel's
scientists and engineers in
academic institutions and
high-tech industries . . ." The
satellite, launched by IAI,
under the auspices of the
Israeli Space Agency, was in
space nearly twice the time
expected for the mission.
Israel Aircraft Industries
(IAI) is the country's leading
industry, with exports ex-
pected to top $1 billion this
year — not bad considering
the company is still nursing
its bruises after the Lavi
fighter plane project was
dropped. The Lavi, however,
did generate enormous
technological and scientific
development, resulting in the
creation of a number of suc-
cessful products. "We are still
running on the fuel from it,"
says Moshe Keret, managing
director.
That Israel's technological
achievements have turned in-
ternational heads is clear
from the companies that
maintain offices in Israel —
Intel, National Semiconduc-
tor, Motorola, and IBM, who
sponsor a center for innova-
tion. Equally important are
cooperative arrangements
between many "FORTUNE
500" and "blue and white"
(Israeli) companies (Kodak,
Scitex, General Electric,
Elbit, Texas Instruments,
DSP, Du Pont, Briston Myers,
American Cyanid and Bio-
Technology General).
BIRD, the Israel-U.S. Bina-
tional Industrial Research
and Development Founda-
tion, established in 1977, is
funded by the income from an
endowment provided equally
by the two governments plus
royalty revenues ($10 million
annually), and provides 50
percent of the R & D and com-
mercialization of any in-
novative (non defense)
technological product.
BIRD's portfolio is evidence
that Israeli companies have
kept pace with international
trends. In the past five years,
software-embedded systems,
communications and telecom-
munication devices and
equipment predominate and
include Luz's solar energy
system, Scitex's electronic p.c.-
based page layout system,
Gilat's two-way satellite ter-
minal (for applications such
as credit card verification),
Degem's computerized
teaching system for elec-
tronics and Laser Industries'
surgical laser system.
Two BIRD projects- that
have become consumer pro-
Credit goes to
Israel's scientists
and engineers.
ducts are DSP's highly
sophisticated digital hearing
aid that blocks
out
background noise, and "the
most advanced computerized
taxi meter in the world" —
one that accepts credit cards.
"As far as we can deter-
mine, sales of BIRD products
were about $250 million in
1990, and a total of one
billion dollars since 1981,"
said Dr. Ed Mlaysk, BIRD's
executive director.
In the past year, BIRD has
stepped up efforts to find
American companies in need
of Israeli know-how. These
companies are then matched
up with the Israeli firm
whose expertise best suits the
client's needs. A Tokyo firm,
Intex, recently invested
significantly in a start-up
company in Haifa, "Chip Ex-
press." Its product is a
customized semiconductor
chip (known as a gate array)
prototype which delivers
within hours rather than
weeks or months.