r. 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.